Much of what I’m been writing over the summer has felt
pretty positive as I have focused more on general business concepts that can
make one both happy and profitable – and who doesn’t feel positive about those
things? Maybe this positivity means I have been enjoying the season, or maybe
there was just a need to get out of the tax morass it felt like we were in for
more than half a year as tax reform was hammered out and then we worked on
hammering out its ramifications.
I think it is now impossible to keep these two things
separate, though.
I know I am not giving any breaking news updates here, as I
am sure that most reading this know that both Paul Manafort and Michael Cohen
have been found guilty of various crimes. I will not regurgitate the stories
here, but suffice to say that both situations are an entangled mess of politics
and finance. I will also not take any political stand or guess what this could
mean for any politician’s future, but it is now indisputable that people close
to the current president were involved in financial dealings that were not on
the up and up.
And have we not talked this summer about how, if you have
not been taking a fully honest look at your financial numbers, there is only so
much you can do with them until they catch up to you? Move things around for a
time and all can still look good, but they’re not actually good.
These situations also show that keeping an eye on the
culture and vision of your business is necessary. The stories show that
somewhere along the way, people lost their way. After all, when ostrich jackets
and porn stars play large roles, things have gotten messy. And messy is clearly
not leading to any positive outcomes for anyone.
I also always write about how there are no secret ways to
find financial loopholes or secret rules that the rich get to live by. Everyone
should take advantage of all they are allowed within the law, but the key is to
stay within the law. If you have to get real creative, chances are you are
falling out of that realm.
Now at the same time, we also are hearing encomiums about
former Senator John McCain following his passing. Those tales come from the
opposite end of the spectrum, as he was a man who seems to have been almost
universally respected. There is a lesson in there about living one’s life with
honor, With honor, even if you disagree with someone, you will still earn their
respect.
So let these little political reminders reinforce
some of those points we have discussed in the past couple of months. After all,
examples can come from both ends, the good and the bad. Pick the right people
to emulate, push yourself in that direction, and you will not have to worry
about things catching up to you in the long run – no matter who you are, who
you know, or what position you hold.
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