• Having more than three priorities means you have zero priorities, as stated by Jim Collins in his book “Good to Great” and Greg McEwen in “Essentialism.”
• Focusing on the bottleneck or the 20% that solves everything else is key to accomplishing goals and avoiding being scattered in different directions

These are a few notes from a video I highly encourage you to watch today – Here

Choose your priorities wisely and don’t pick too many!

Make it a great week!

Here are your Quick Hits:

Biden criticizes advisors who prioritize their pay over clients’ returns

• A ton of articles circling this week about Biden’s new proposal that came out with this “Fact Sheet.”
• If you’d like our legal counsel’s take, make sure to check out the AE Insider’s facebook page or DBR for the memo.
• Here is another article from investment news – The insurance industry really doesn’t like the DOL’s proposed rule

My Parents Have a Lot of Stuff in Their House. I Don’t Want Most of It.

• As a child of retired parents I can relate to this article. Might be one to share with your clients for some eye opening discussions.
• “Many people feel responsibility to care for items because they were important to someone else, says Mindy Godding, president of the National Association of Productivity & Organizing Professionals. Some of my friends have china plates sitting in cabinets, while others have boxes of ornaments their parents collected on their behalf.”
• “As I think about what to keep and what to get rid of, I’ll try to keep this advice from my dad in mind: “Try to find a good home for it, but it doesn’t mean that home has to be in your home.””

Smart Things I’ve Read Lately

• Love a good quote…this article is full of them!
• “Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you…If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.” – Warren Buffett
• “The highest form of creativity is found by improvising within a set of restrictions.” – Christopher Nolan
• The Charlie Munger formula for career success:
  • Don’t sell anything you wouldn’t buy yourself.
  • Don’t work for anyone you don’t respect and admire.
  • Work only with people you enjoy.

This MISTAKE Is Killing Your Productivity

• First 5 minutes of this video is awesome!
• Notes from the video:
  • Having more than three priorities means you have zero priorities, as stated by Jim Collins in his book “Good to Great” and Greg McEwen in “Essentialism.”
  • Focusing on the bottleneck or the 20% that solves everything else is key to accomplishing goals and avoiding being scattered in different directions.
  • Mental creation precedes physical creation, emphasizing the importance of intentionality in achieving our goals and fulfilling our purpose.
  • Focusing on one main priority can lead to significant success, as seen in the example of the author who sold over 10 million copies of his book.
  • “If you have more than three priorities, you have zero.”
  • Focusing on the core goal and saying no to wasteful options can help prioritize and achieve success in multiple areas simultaneously.
  • Mastery is not just about being good at something, but being uniquely good at it, understanding it inside and out, and knowing how to break the rules and move it forward in ways that no one else can.