March 03, 2017

Bell Lap, Flat Tax, & the Oracle of Omaha!

It’s Friday, and the weekend is within striking distance.  Before I dive in, I just wanted to welcome all the new readers, thank you for subscribing...and thank everyone for sharing this email with those you think will enjoy it.
 

This was a GREAT week. I am sure you saw many pictures and posts about Operational Staff meeting. This is a time where all the Life.Church team gets together for planning, goal setting as well as hearing from pastor Craig. It was great. I had the opportunity to lead a session a few times on Monday called “Adaptive Leadership”. I love this talk, and helping people understand the importance of being an “adaptive” leader.

Your capacity as a leader is directly tied to your ability to change or adapt in the moment. #AdaptiveLeadership

 Race day blues

Well, the 2017 road racing season has kicked off and for the first time in six years I am not racing. Last year I opted to step away from racing and put my time and energy into other areas of life. I know without a shadow of a doubt it was the right decision - but man...It's rough. Cycling and specifically the racing culture and community became a big part of my life, as well as my families. I thought I was over it, and through the mourning season, but all the Instagram posts just dug it all back up. Well, the reality is we give up things we love for things we love more!
 

Tax Time

It’s tax time for us all here in the states. There is much political uproar about the tax code and complexity of the tax laws...and I agree. Wow, it’s overly complex for our personal taxes, and when you add a business filing on top of that it’s just nuts all the areas you have to keep up with. Because of this, I could not recommend more a GREAT accountant and tax advisor. I have been using the same tax advisor for 11 years, and he and his company is amazing. Don’t go cheap in this department, hire a great tax man...or woman!  I would be happy to give you my tax guys info if you email me. (hit reply)

 

It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for. -- Robert Kiyosaki


Oracle of Omaha

When Warren Buffett, the Oracle of Omaha speaks we should listen. Buffett, arguably the greatest investor of all times and chairman of Berkshire Hathaway is the second wealthiest person in the U.S. and has a net worth of 70+ billion dollars. Buffett shared his thoughts in his annual letter to his shareholders. In this 28 page letter there is so much wisdom and insight - and it’s FREE! I encourage you all to take some time and read the letter, but if 28 pages is to much here are a few good articles that summarize it.

7 Best Quotes

5 Key Takeaways

20 Slot Rule
 

I personally love that Buffett (86yrs old) is so open and honest in his writing. The fact that Buffett talks about his mistakes and learnings is a lesson for us all.

Reboot Television

For nearly 5 years we have been hearing about a reboot of television. Apple has been attempting to enter the space with a failed AppleTV - others like Google TV, Hulu, SlingTV, Amazon and Netflix. More and more cable TV cord cutting is happening, but honestly TV has not really changed all that much. To say it's been rebooted would be an over statement in my opinion. However, that may soon come to an end...A reboot maybe right around the corner - and YouTube (Google) maybe the leader of the pack. Welcome YouTube TV - coming to your television, and mobile device very soon. Over 1 billion people visit YouTube monthly, and for 35 bucks, you +6 accounts can have access to 40 TV stations, live, on demand, and built in unlimited cloud DVR service. More details.

Weekend reads

Wisdom from the Oldest Living Veteran - 110yr old

Ask better questions.

Bonus:

Snap Inc, parent company to Snapchat set it’s IPO price on Wednesday at $17/share and hit NYSE yesterday.  Snap was immediately valued at 24 BILLION dollars on opening day Thursday, and at the end of the day of trading at $24.51, up 44 percent from the $17. Crazy! I don't even like Snapchat. 😀

Look for Snap to continue more hardware moves with more Spectacles and other direct Augmented Reality plays in the space. I think lead well - Snap, Inc can transform into a profitable and interesting business way beyond Snapchat. //Don't take this, or anything else I say as investment advice!!//

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Have specific questions, or want me to cover something...simply click reply and let me know. I try to respond to all emails within a few days.

What am I reading, listening to and consuming??
2017 Books, podcasts and consumption

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Terry Storch

Sent from my mobile device.