Evaluate Your Circle

     I’m a huge college football fan. It’s very entertaining to watch the athletes compete on that level. The amount of sacrifice and dedication is evident by their skill. However, the best programs always seem to have a winning formula.A critical piece of the formula is talent – what each person brings to the whole. In business there are different terms that hover around the same concept: expertise, skill, value, etc. The question is, what does an individual bring to the table?

     Business and investing are team sports consisting of many interconnected parts. Each component has a purpose that contributes to the final structure. Thus, each part has to offer some type of value.

     From the standpoint of personal finance, many people’s teams, their circle of influence, need evaluation. Are associates or influencers preventing progress? Do they have a vision for success or betterment at all? If not, these individuals can potentially become dead weight.

     The world of investing is quick and nimble. People’s livelihoods depend on it. Time has value, and it’s not to be wasted.

     As you begin to entertain your money, you may need to evaluate your circle. Do your influencers share the same values about money? Are they actively working to achieve their own financial goals? Do they offer any skills that could help you achieve success?

     Treat your finances like a business. Do you have time to waste, or are you focused on building a winning team? Having value around you is the key to a winning formula.

Entertain money.