This is the second in a series of five principles (aka pillars) that I believe are necessary to live a fulfilled life and lead others successfully. These pillars require committed, intentional, and consistent action. As mentioned in my previous post, I have adopted this idea as a result of reading books written and listening to a podcast by Thom Shea. Each of us will have our own way to apply these pillars to our lives. I have come to view them, as non-negotiable. Let’s see if I can articulate well enough that you might be convinced.
How to define fiscal (aka monetary) stability is somewhat personal. Two people who are predominant teachers of personal finance, Dave Ramsey and Robert Kiyosaki, have very different points of view on debt, credit, and how to be financially stable. I am not here to debate or declare one idea or approach as better than the other. I encourage you to research, evaluate, and (like my previous post on Physical Health), start one step at a time.
How many of you have had an argument with a friend, spouse, family member, or some other loved one over money issues? These heated discussions are not necessarily based on whether you can afford to spend the money, but rather on what the spending priorities should be. How much more intense will those feelings which lead to arguments over spending priorities be intensified when there is too much month left at the end of your paycheck?
Fiscal security affects the very foundation of who we are. When finances are in bad shape we will question the ability to keep a roof over our heads and provide sustenance for ourselves and those we love. On its own, financial distress creates pressures which can consume our thoughts, cause lost sleep, shake our confidence, and influence all other aspects of life.
Alternatively, when our finances are in order we are free to spend time and energy on things that are more beneficial to ourselves and those who we influence. It can be like losing weight…it lightens our load and frees up energy to be used for growth in other aspects of our lives.
So how does this apply to leadership? Here are a few ways.
Establishes systemic and ongoing discipline in life, knowing to stay within your limits.
Increased opportunity for the generosity of time, effort, and finances.
Having your own life in order provides credibility when you desire to influence others.
The more your own life is well organized, the higher your likelihood of other opportunities. Whether or not we know it, we are being watched by others. When our physical and fiscal pillars are solid, we have the freedom to thrive in other areas of life. When we have gone through the crucible of overcoming physical and financial obstacles we are better positioned to empathize with the struggles and lead others through their own difficulties.
Something to consider, a position or title of leadership does not equal leading. Leading means someone must be willing to follow. If we lack self-discipline, there is very little chance to inspire others to trust us to lead. All five pillars require attention and focus. Over the next few months, I will be adding the next three pillars (Spiritual, Intimate Relationships, and Intellectual).