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The New Currency of Success
Redefining Prosperity through Reflection, Wisdom, and Purpose
Last week, I found myself in the beautiful countryside just outside Nashville - at the Southall Inn, exchanging thoughts with Shark Robert Herjavec and the team from Northern Trust. Our conversation revolved around the pivotal task of nurturing a generation that embodies both an entrepreneurial spirit and a clear sense of purpose.
Here, I'm sharing three core takeaways that I believe can act as a guide for raising a breed of entrepreneurs who are both savvy and grounded
1. Unpacking Our Money Stories
The first insight from our discussion highlighted the undeniable influence of our upbringing on our relationship with wealth. These "money stories," shaped during our childhood form the backbone of our adult attitudes towards finance. Growing up, the messages we receive about money, whether directly or indirectly, have lasting implications. Reflecting on these stories, learning from them, and even rewriting them if necessary, is crucial for fostering a positive and proactive relationship with money. This self-awareness not only benefits us but also shapes how we guide the next generation in terms of managing finances and understanding the value of money.
From an early age, I understood that money allowed me the freedom to enjoy the things and experiences I longed for. As a gangly and somewhat awkward 12-year-old, I was technically too young to work a regular job but craved the autonomy that pocket money would provide. So, I took matters into my own hands, embarking on a quest to become a model. I found myself poring over the yellow pages, fervently searching for a modeling agency that would be willing to take a chance on me.
I faced a succession of "no's" that tested my resolve, but I stubbornly persevered,- my first real lesson in resilience and determination. Finally, my persistence paid off when a small boutique agency saw potential in me, offering me a chance and marking the start of a fruitful side hustle. Over the next two years I graced the sides of buses, starred in TV ads, and was featured in numerous print campaigns.
More than just a teenage adventure; this experience laid the foundation for my personal money story as I learned the discipline of working from an early age and the financial rewards which led to my opening my very first savings account!
What was your early relationship with money and how has it followed you into your adult life?
2. The Power of Your "Why"
Next up was the concept of the “why” – the driving force that fuels our ambitions. Your "why" is the intrinsic motivation that propels you every morning, urging you to push limits and grow.
Growing up, we moved around frequently, sometimes settling in entirely different countries, like Indonesia. During those times when I was far from home, I found comfort and a sense of belonging by baking the American treats I missed. This simple yet powerful act allowed me to connect with my roots and find joy in the shared experience of food.
Ever evolving, these days my "why" revolves around challenging myself to be the best version of myself I can be, for myself and my family. This means constantly, pushing personal boundaries, and embracing both success and failure. It's not just a personal journey; it's a lesson I want to instill in my sons, showing them the rewards of resilience and self-belief. Additionally, I aim to motivate budding entrepreneurs to have faith in themselves and chase their dreams
Having a clear understanding of your "why" serves as a kind of personal mission statement that directs your goals and shapes your actions. It’s an internal compass that goes well beyond your bank account.
What keeps you driving toward your future goals? What’s your why?
3. Money: A Catalyst for Opportunity and Impact
In our discussion, we explored how money can be leveraged to create opportunities and encourage acts of generosity. The objective isn't solely to accumulate wealth, but to deploy financial resources thoughtfully to enrich our lives and contribute meaningfully to society.
By teaching the next generation about the diverse roles of money, we inspire them to see financial stability as a foundation for creative and positive action. This shifts the focus from simply accumulating wealth to valuing personal growth, seeking out distinct experiences, and fostering generosity. Through this approach, we set the stage for a future where money becomes more than a mere tool, transforming into a potent catalyst for individual well-being and positive community impact
How do you use money to enrich your life and the lives of those around you?
In light of this topic, don't miss Shark Tank Season 15 airing this Friday on ABC at 8/7c (also streaming on Hulu) to see how I put my money to work helping aspiring founders to realize their dreams.
Wishing you a very WONDERFUL week!