Quick Hits: Science of Motivation :: Trump Tax Cuts

Got off the plane yesterday a little (ok a lot) sunburnt, a little sore (Apparently, I’m old), and probably more tired than when we left to go to the Bahamas, but it was all worth it to celebrate an amazing 2020!

It’s an unbelievably generous thing Cody and Dave do for our team when we hit our goals together, and every year everyone asks “will you continue to do this even with the size of staff we have?” Their answer is always the same, “We set the goals that allow us to do it, and if we hit them, we go…it’s that simple.”

For our office, it’s a HUGE motivator to work hard all the way through the year. Every call, every email and everyday counts.

As you grow your team and set goals for the year, is there a nugget that you can give them for hitting the goal? Sometimes money/bonuses aren’t the only answer – could there be a trip? A couple days more of vacation? A gift card to a resort where they would be required to use it? A flight voucher?

 

Here are a few quick hits to bring value to you this week:

  • The science of what motivates us: Autonomy, Mastery, Purpose – Animated
    • I thought this went with the theme of today.
    • I also highly recommend “Drive” the book that this article was referencing!
  • Gallup Poll: More in the US Say they are better off than in past elections
    • We knew people were positive on the economy as the market continues to rocket, but them personally being better off? That’s different…
    • “If Trump asks Americans whether they are better off than before he came into office, most would say they are. Trump also gets more credit for recent economic improvements than Obama does”
  • How will COVID-19 (Coronavirus) Affect your portfolio
    • “Looking back 20 years, previous epidemics from SARS in 2003 to the Ebola scare six years ago shaved 6% to 13% off the S&P 500 over different lengths of time, according to Citi.”
    • This might have more of an affect on the markets than what we’ve seen in the last couple weeks, but looks like in the past the markets would be quick to correct.
  • Trump Administration has one more Tax Cut Strategy before the election for Retirees
    • “The administration is considering including a proposal known as USA accounts – which would combine and simplify all existing savings accounts that give tax breaks (401(k)s, IRAs)”
    • “In November, when asked about speculation that the White House was contemplating a 15 percent tax rate for the middle class”
    • “Additionally, the administration is seeking to make some measures permanent from the Tax Cuts and Jobs Act that are set to sunset in 2025”

 

Make it a great week!