Our goal is to make better decisions about what we spend money on so that we can use our money more wisely. As an individual consumer, we want our assessment of value to exceed the price we pay. We want to minimize the likelihood of buyer’s remorse (feelings of regret) by thinking more carefully about the things we buy without tipping over into the spin cycle of analysis paralysis.

We need to apply more effort as a society and as educators to making math more approachable and relevant. Why? Because our businesses and institutions are populated by millions who lack the necessary numeracy skills to be effective in their jobs. They’ve been conditioned to think that math doesn’t matter in the real world when math— the basis for finance and accounting—is literally the language of business!

Financial literacy and success are tightly interrelated—not because success is equated with having a big pile of money (which for some people it is)—but because financial literacy is an enabler for living the life you want to lead. A life in which you can live your purpose and pursue a vision for your future that aligns with a one-size-fits-you definition of success.

For many of the early twenty-somethings in my class, stress and anxiety were highlighted as blockers to their ability to achieve their desired future state. They frequently find themselves spinning and, as some characterized it, paralyzed, by their anxiety. My heart breaks when I hear their stories, but I also know that we can do something about the current state.

A key point here is that life and financial security is all about choices and decisions. Make better decisions and you will be better off.

Everyone wins when “my word is my bond” becomes woven into the fabric of your organizational culture. Accountability and trust simultaneously improve as the nooks and crannies to hide half-truths, speculation, and agendas that run counter to the company North Star become fewer and farther between.

Financial literacy is a woefully underdeveloped skill in both our homes and businesses. I frequently hear business leaders lament about the lack of financial literacy within their teams. In my first book, Balancing Act, I outline the four most important future-facing skills and financial literacy (and it’s more sophisticated cousin, financial acumen) is one of these four critical skills. So what is to be done to close the financial literacy skills gap? Use your annual budget process as an experiential learning opportunity for managers and key individual contributors in your organization.

Optimally, your company’s budget should be an elegant financial expression of a tight, cohesive storyline that explains how tactics and execution in the upcoming year align with the company’s purpose, long-term vision, and master (or top level) goals.

Magical thinking in business typically evidences itself as a disconnect between the capabilities, skills, and capacity of the teams that are actually doing the day-to-day work of the business, and what management believes are the capabilities, skills, and capacity of those same teams.

To be “bankable” requires an understanding of how the business functions, what your role is in the value streams that you influence, and how the value you help create generates revenue and operating income.

Welcome to my first YouTube video! In this extended introductory segment, I provide a bit of insight into my background through several "icebreaker" questions and also delve into what makes me tick as a leader.

I discuss critical skills of the future and outline the importance of adopting a lifelong learning mindset and striking the appropriate balance between behavioral and technical skills.

Finally, I read a brief excerpt from my book, Balancing Act (Kaplan Publishing, 2021).

Thank you for your time.

There are three certainties in life: change, community support (a.k.a., taxes), and death. We should all spend the right amount of time educating ourselves and contemplating our relationship with each of these certainties. It’s important not to dwell on, or allow these conversations to overwhelm us. However, it’s equally important to engage and not stick our heads in the sand - blissfully wandering through life under the assumption that we are somehow immortal.

It should be no surprise to frequent readers in this forum that the tools needed to improve the accuracy and fidelity of business forecasting are pinned in the tenets of continuous improvement and organizational health. The “ah ha” moment I hope you’ve had is the importance of having strong financial modeling skills embedded in your organization.