Category: Life Leaders Institute

Financial Fitness Planbook

FINANCIAL FITNESS Cover 2017 0212

Do your goals or resolutions include wanting to improve your financial life–one of the 7 Areas of Life that adds freedom for most other areas or holds us back?
Life Leaders developed an eight-page workbook for financial planning workshops at the Alabama Money Expo May 20. Or, you can review online and print to use.
The planbook is a compressed eight pages and includes two main sheets to use–a checkup and a plan sheet to write what you plan to do to improve.
When people set resolutions, typically at new year, one of the “Top 3” focuses on Financial Life. Spring is for many “tax time” and a good chance to assess plans and results, plus improve if you envision better results such as security and freedom.

Melvin Carrington Smith and I created the Financial Fitness Planbook to provide a brief, easy-to-use, and high impact tool you can print from the web site to use on your own or, better, learn to use at a seminar and/or in coaching. We looked at a few national resources and asked a few financial coaches what questions they ask and advice they give, considered the best we found, and edited our work to provide you and others with a compressed tool you can use and share with others.

Melvin has a calling to help people plan, assess, and improve their financial lives. Life Leaders is helping him with his “voice” and more people to get tools to use. David

Contents
It’s only eight pages and focuses on two tools you can use:
  • Melvin’s Top 25 question “checkup” he has used for years with financial planning clients has been improved and a page of intro has been added
  • Plan sheet I outlined to provide you with a template to answer key questions that should improve your insight, plan, and action.
  1. Title Page
  2. Contents
  3. Notes page for the Seminar
  4. Coaching for your Financial Fitness Check up
  5. Your Financial Fitness Check up
  6. Coaching for improving your Financial Fitness Plan
  7. Your Financial Fitness and Freedom Plan
  8. About the Authors and Life Leaders Institute

The Financial Fitness Checkup takes less than seven minutes to complete, but if it helps you identify just one gap in your financial well-being AND you can TAKE ACTION to correct that gap, it may be a valuable, even crucial, 7 minutes.  I hope you complete the checkup and correct gaps to enrich your finances and your overall well-being. When helping people as a financial consultant, I generally find most individuals are in one of three stages of financial fitness.

The first stage is the Survival Stage in which an individual is still getting his or her financial life in order.  Many in this stage have too much debt, little or no savings, and have not taken action to protect the assets they do have.

The second stage is the Fitness Stage. By actions they have taken, they have control of their debts, are making significant investment in retirement and other savings, and have taken many of the steps to get their financial house in order.  This stage is critical because it allows an individual to move toward the most important stage of financial well-being, which is the Financial Freedom Stage.

Financial Freedom not only allows you to take control of your finances, but also allows you more time freedom to take actions on what is most important to your family, community, and you.  This could mean you could take your career in a different direction including getting a more satisfying job, go into a completely new field, become an entrepreneur, or work from home.  – Melvin

Inspiration for this Planbook
Melvin presented his check up at a Life Leaders seminar. People responded, the process helped them, started asking questions, discussing options, hearing what’s working for others, and taking notes on their plans for what they could do to learn more and take new or better action. Because Financial is one of the 7 Areas of Life that most people need or want to improve, we invested in this tool for you. We welcome ideas and requests to help more people plan and lead their lives. – David
Dr. David Dyson

Action Options

  1. Link to the Financial Fitness PlanBook on the website to read or print to use.
  2. Attend the Alabama Money Expo in Birmingham, May 20, 8 a.m. – 1 p.m. to hear Melvin present Financial Planning Workshops and more free events. If you plan to attend or have questions, Melvin.Smith@me.com
  3. Subscribe to DrDavid Blog for articles, quotations, best practices for 7 callings
  4. Subscribe to Life Leaders Blog
  5. See Life Leaders web: www.LifeLeadersInstitute.org
  6. Find something new or faster or give us feedback and ideas: Info@LifeLeadersInstitute.org
  7. Read or Print Publications below and more for Use by You and Groups

Professionalism Under Stress: Best Practices for a True Professional

Patriotism in Action: patriotic guide including how Veterans Day started

Financial Fitness Checkup and Plan Workbook

 

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Daily Questions to Inspire You

By Dr. David Dyson citing and remembering lessons learned from Col. Stretch Dunn

  1. Did I make someone a hero today?
  2. Would our Lord say, “well done my good and faithful servant…?”
  3. Would my mama be proud?

Col. Stretch Dunn (USA Retired) asked himself these three questions at the end of the day to help make sure he stayed on the right path. He spoke of them when mentoring others and at annual Life Leaders seminars designed to help people improve plans for life. He asked his wife, Joan, to help him be accountable to “be, know, and do” as his best-self.

Most years for two decades during the Life Leaders Plan for Life Seminar he shared his updated page of goals for the 7 Areas of Life so others might benefit from this annual ritual and to help “hold him accountable” privately for what he stated publicly. For actions he considered extra special, such as some of those that led him toward his three questions, he called them “rituals” because they took on even more significance than “habits.”

Joan helped me confirm the updated list of questions he was using at the end of his life. He had edited the list over time, adding the second question. He also believed in a concept called “The Harder Right” that he used on his list a decade or so earlier.

Professionalism Front CoverAfter the “911” attacks on America, when Stretch and I were writing Professionalism Under Stress (about common denominators of true professionalism in college, combat, corporate life…), he told me of “The Harder Right” and its roots for him at West Point.

The core message: take the ethical action even when our instincts tell us this option will be “harder” and we may “lose” short-term.

When we do the harder right, such as admit a mistake or take ownership for paying restitution even when we could “get away with it” we usually benefit instead of lose. Our integrity gets stronger and our trust with others gets stronger because they see us tell the truth and take fair action even when it’s “harder” to do so. Many citizens and corporations, even leaders in the public office tend to “distance themselves” or “protect themselves” from bad results. In case studies on major disasters, companies and individual leaders who admit the problems and take action to fix the problems with accountability usually lose profits short-term as they pay restitution though long-term gain market share and trust in the marketplace resulting in positive gains.

The United States Military Academy (West Point) believes in “The Harder Right” and include the term in the “Cadet Prayer.” This takes a stand and increases the chances of internalizing ethical action by making it a habit to cite the concept as part of the prayer.

West Point Cadet Prayer:

“Make us to choose the harder right instead of the easier wrong”

Why Questions of Assessment Help

Why should we assess our actions? A principle of leadership and management is, “what gets measured tends to gets repeated.” At the very least, if we have a target and internalize it we are more likely to aim and have a better chance of hitting “bulls eye.” Another principle of management science is to identify and do those practices that “increase probability ” for us to fulfill the mission.

Stretch wrote, reviewed, stated intent, and updated regularly his Goals for the 7 Areas of Life, his Big 3 Questions, and his Mission and Vision for Marriage with Joan. Because of these rituals, he was more likely to aim at and succeed at making others “heroes,” being a “good and faithful servant,” and making his “mama proud.”

Motivating question that may influence whether a person will take action on this article: Are goals like these or the people who would be affected important enough to you to make it worth a few minutes of your time daily to write a vision or questions and assess if you took action? 

One more step we can take to make plans, actions, and results better

Plan how we can answer the questions positively. If we are going to answer important questions, we can do better if we outline plans for our time and action aimed at creating positive answers. For each question, outline a goal and action to create desired results.

For example:

  1. Help someone: one idea is to keep on your calendar a daily appointment with yourself to call someone and offer to help. If like Stretch, you can ask, “How can I make you a hero?” or “What can I do for you, Sir?” Or, you can just do something for someone you believe is needed. [It’s good to confirm what we think adds values is actually valued by the person important to us.] Your action could mean either a one minute call or a longer block of time to add value for them by “lightening their load” through service or “encouraging their perseverance” on one of their resolutions.
  2. Be a good and faithful servant: part of the core of “faithful” is to identify and fulfill our callings, gifts, and talents. When we Pray. Listen. Act. Now. (PLAN) on our callings as well as our choices, we become better stewards of our faith.
  3. Do the harder right: for many, increased awareness of instincts when you feel pressure of possible embarrassment or other loss and how you believe your best-self should respond will improve behavior. Challenging “why” you do certain things can help you stop doing bad habits that may have been taught to you by well-intentioned adults or you may have adopted as habits from peers when immature. If never challenged, bad habits can live on even for well-intentioned adults. When you have a seemingly tough choice to make, imagining a special person “watching you” can help you do the harder right and form good habits until your personal integrity gets strong enough to guide you automatically.
  4. Make your mother (or someone else important) proud of you: as we plan intentions and assess actions, a partner or board can often inspire us to improve ourselves more so than the motivation for personal gain. In addition to parents, people often choose accountability partners, children, or other family members as sources of motivation.

Principles and Best Practices Supporting these Suggestions

My best practices for Best-Self Leadership 1-3, tested and taught since 1987:

  1. Lead Your Life
  2. Plan for Life
  3. Have an Impact. 

Dr. Stephen Covey’s Habits 1-3 in The 7 Habits of Highly Effective People:

  1. “Be Proactive”
  2. “Begin with the end in mind”
  3. “First Things First.”

Both sets of practices and habits suggest we can do better if we decide to take action, envision desired results, let that vision inspire and guide goals and actions, and assess if we are having impact with priorities.

Personal Application Example

I took inspiration from Stretch, used his list, and adapted my own. I share it here in case two examples may serve you better:

  1. Did I help a person and an animal live better today?
  2. Did I improve my ability and attitude to help others?
  3. Did I Pray. Listen. Act. Now. (PLAN) for my callings and choices?
  4. Did I improve my plan for life?
  5. Did I live my priorities?
  6. Did I do my best joyously?
  7. Did I make my family proud?

Three questions are easier to internalize. Or, after you develop your seven you could summarize into your Big 3 to remember and share with others more readily.

Have an Impact

Stretch’s upbringing with parents Lieutenant General Carroll Dunn (USA Retired) and Retha Dunn, education at the U.S. Military Academy (West Point ’66), and training in the US Army influenced him greatly. He intentionally planned for and took action to live the core teachings of his parents and honor the “code” of West Point. He invited his wife, Joan, to give feedback on his stated “intent” and be an accountability partner for his actions.  If we do these things, we will come closer to “walking our talk.”

Question for those who want to walk our talk: are we planning for life, leading our lives, and living our priorities focused on the people and principles we say are most important?

Thanks Stretch for helping people to adopt ways to lead our lives closer to our best-selves.

_______

Stretch died unexpectedly this 2017. We honor our friendship and lessons learned with him by sharing positive principles and practices with you and those important to you. We invite you to subscribe or support if you value this article or the 7 Callings we serve.

To learn more of Stretch Dunn

To learn more of Life Leaders

To read more articles like this one or follow: DrDavid.blog

To recommend or request: David@LifeLeadersInstitute.org

When Moral Injury Holds you Back

by Dr. David Dyson and Col. Stretch Dunn (USA Ret)

david_goliath__When people set resolutions at New Years or other times of inspiration or decision, the solutions usually require action though often we overlook the requirement to address our beliefs that either support or sabotage our success. “Moral injury” is one of the sources of setback for many people, perhaps most, especially for veterans of war.

When people seek to “be, know, or do” better we often have to face barriers that hold us back. If you have been setting the same New Year Resolution for years, you likely have a barrier holding you back from following through or even starting. Sometimes, between us and our goal stands a “Goliath” threatening us and those influenced by us. Some Goliaths we created and some happened to us, though in either case we can achieve breakthroughs by facing our barriers and deciding how our best-selves can make the best of situations and grow from challenges.

An example of a big barrier is when a veteran of combat faces feelings and beliefs from “moral injury” created having to kill another human being. Many veterans who return home face challenges to re-enter society. Some feel sad. Some feel guilty. Some feel they do not deserve better than their despair. They have been morally injured and need healing.

Some stay in their despair. Some “hold it in” and “others talk about it” with their buddies. Time might help to process and heal, though this often is a slow approach and there is no guarantee of recovery.

Those who act with intentionality are more likely to achieve not only recovery to a state prior to the trauma or injury but also “post traumatic growth.” For more on PTG, read Dr.Seligman’s work.

I asked Col. Stretch Dunn (USA Retired), West Point graduate, combat leader in Vietnam, founder of the Veterans Leadership Ministry, and co-author with me of Professionalism Under Stress, to provide his answer to the question from veterans struggling with psychological wounds of warfare.

Question: What can I do if I feel shame from killing that holds me back?

I was asked recently by a vet suffering the pain of “moral injury” a question tied to his feeling of shame. He still struggled with the commandment to “not kill” and his having to do so back in Vietnam.  My response was one that has worked for me since I faced that dilemma in 1968.stretchs-army-picture-stretch-only

Captain Dunn 1968, Vietnam

I never forget the capacity of our minds to rationalize anything. The treasure of being able to think is truly amazing.

That said, I live with my past by listening to the intent of the heart. Matthew 15:19 reminds me, murder comes from “evil in the heart.” While there is a moral imperative to not kill unlawfully, there is also the soldier’s duty to protect. The noble warrior punishes in proportion to the gravity of the offense.

So I told him I sought to “put on the whole armor of God” and do what had to be done to protect the innocent or my buddies in keeping with the oath I took in 1966 and the heart of a Noble Warrior.

Col. C.H. “Stretch” Dunn (USA Retired)

Veterans Leadership Ministry

Veterans Making Comebacks Program

When writing the book, Professionalism Under Stress, with Col. Dunn, he introduced me to the meaning of a “least-worst option.” As the name suggests, all the options seem bad; the best option is the “least-worst.”

Killing the enemy is bad; the enemy killing your buddies or U.S. civilians is worse. Choices like these, tough choices, can stay with you for years in a negative way unless you process them in to your “best possible” way.

Callings and Choices are a key to a best-self leader.

Asking, God, what would you have me do? following by asking myself, Now, what would my best-self do? helps me move from thinking of bad memories to thinking of potential good solutions. The thoughts and actions that must follow can heal, inspire, and make you stronger than before your moral injury. May your thoughts carry you upward, David`