Category Archives: Successful Kids

The Cost of Kids’ Clothing – If Only We Had Known

We’ve all heard the reports of how much it costs to raise kids. And, if you have kids you know all too well.

One of the primary expenses relates to clothing.

When the kids are young we (the parents) have undisputed control over what they will wear and the associated cost. As they get older, however, there is a strong desire for brand name items which cost far more than the basic utility (and often more durable) version of a particular article of clothing.

There are a number of ways to manage this process. One of the most obvious is to set a budget (i.e., we shall only spend $150 for your clothing to start the new school year). They can then make the decision regarding how many articles of clothing that they would actually like to purchase with that budgeted amount. And, if they want more they can contribute their own funds…

But, there are ways to get so much more for your money!

Recently, on one of our vacations, my wife and our 4 sons (ages 17-24) passed by a Salvation Army store. One of the boys asked my wife: “What is in there, anyway?” She said something to the effect of, “Used clothing and other stuff.” Being that it was a rainy vacation day, they had time to burn and decided to stop in for a visit. The boys went nuts. For less than $50 they all had numerous articles of clothing (shirts, shorts, sunglasses, etc.) that they were extremely excited about! The same stuff new would have cost hundreds of dollars!

Since that experience the boys have frequently visited, on their own, other Salvation Army and Goodwill stores consistently coming home excited about their bounty of clothing. The reality: when spending their own money they get the most for it!

My wife and I acknowledge that if we had taken this route early on we would have saved thousands of dollars over the course of the last 20+ years.

So, if you have (or are thinking about having) kids, don’t look down your nose at the Salvation Army or Goodwill. You would be surprised at what is available for ridiculously low pricing. Shopping for clothing this way is a great lesson to teach the kids the value of money. And, the (HUGE) savings can be invested towards that debt eradication plan and/or towards a college education.

Of special note: When purchasing clothing from the Salvation Army the proceeds are used to fund their Adult Rehabilitation Centers. So, in addition to benefiting your family’s finances, you are supporting a GREAT cause!

Give it a try. You can do so by starting simple: t-shirts for the kids. Watch where it goes from there.

Enjoy!

Raising Money-Smart Kids

During my daily check-in at Yahoo! Finance I watched a great 3-minute video by Dave Ramsey’s daughter on “Raising Money-Smart Kids.

This is a very insightful video sharing practical approaches to teach our kids the value of work and money. If you have kids (ages 3-18) check this video out. It is a great way to invest 3 minutes of your time!

And, as previously recommended, the following book (by Dave Ramsey) offers in-depth guidance for improved Financial Fitness for ALL!

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Hope you have a GREAT day!

Moving On Up – The Toughest Job Transition

Early on in my career I learned that the toughest job transition for people to make is from individual contributor to team lead or supervisor. Fortunately, I didn’t experience major problems during my transitions on the way “up the ladder” because I had numerous mentors and solid training. I did, however, witness a number of crash and burns along the way.

More recently…Listening to my boys discuss their experiences it seems that retail establishments (where they’ve worked) have a MAJOR challenge in this regard. I’ve heard so many accounts of store managers who seem to have zero training in supervising or managing people. The outcome is that employee morale is poor (at best) and the performance of the business suffers greatly.

The key point is realizing that what made someone successful in their individual contributor role is NOT necessarily what will make them successful as a team lead, supervisor or manager. Certainly their domain knowledge is important. But, there is so much more to successfully leading people!

If you would like to effectively make the transition from individual contributor to supervisor (and beyond) which results in receiving more pay / more responsibilities, read on. And, managers, if you’d like to effectively bring someone “up the ladder” and/or improve the performance of your team, your coaching and setting an example in the areas outlined below will be extremely beneficial to all concerned!

Following are success principles for anyone in the position of leading people:

  • Keep pride out of the way:
    • Consider your employees team members and NOT subordinates.
    • Treat team members as if they are working “with you” and not “for you.”
  • Replicate yourself by training team members to be able to do your job.
  • Information (withheld) is NOT power. Sharing (appropriate) information is extremely powerful.
  • Delegate, delegate, delegate – not just work, but “appropriate levels of” authority.
  • Don’t be a “know it all.” Listen to your team members. Ask for their input. They are your “sensors” with keen insight in terms of what is working, what is not working and what customers are saying.
  • Realize that “What you do speaks so loudly that I can’t hear what you are saying.” Said another way, don’t ask team members to do anything you aren’t willing to do (or aren’t demonstrating) yourself.
  • Don’t be a “fault finder.” Your team members can make you look good (very good) if you coach, counsel and build them up. Yes, there will be situations warranting “corrective guidance.” Balance this by frequently “catching them doing something right!”
  • When team members come to you with a question or problem ask them what they think the appropriate course of action is. If/when their approach is off track guide them to the correct path.
  • As the leader it is YOUR responsibility to ensure team members understand what you communicate. To ensure understanding (of particularly important information) ask team members to repeat back what you just said, in their own words, to make sure “they got it.”

Numerous books and training courses are available on leading people. You are encouraged to seek out and devour these. To get started, a foundational “must read” is a book previously recommended. If you’ve not yet read this book (this year) you are encouraged to do so (again) as it will make a big / HUGE difference in your career and life!

HTWFAIF

In future posts I may add to, or expand upon, the above principles. It all depends on the next “story” I hear from one of my boys 🙂