I’ve written before about how my wife and I raised seven children — one boy and six girls. An interesting thing happened with some of my children. When they turned 18, they got tired of me telling them what I thought they should be doing and declared that because they were 18, they were now adults who could make their own decisions. The first time I heard that proclamation, I laughed and asked what happened on their 18th birthday that transformed them into the type of person who no longer needed to listen to their parents. The response I got was, “I’m an adult now and I’m old enough to make my own decisions.”
About 20 years ago, I had a wealthy client who was generating more than $1 million a year in income from various businesses that he owned. For the purpose of this discussion, I’m going to call my client “Jim.” In one of his businesses, Jim had a partner who got upset and cut off all contact with Jim and changed the locks and took control of the building where the business was located.
The foundation upon which the United States of America was built consisted of two religions: a secular religion that was based on the beliefs and principles of individualism, self-reliance, freedom, hard work, patriotism, and independence, and a biblical religion that was based on the beliefs and principles of the 10 Commandments, the God of the Old Testament, and the teachings of the Son of God.
You may have heard of Charles Mackey (1814-1889), a Scottish poet, journalist, and author who was best known for his book, Extraordinary Popular Delusions and the Madness of Crowds. Mackey’s book, which was published in 1841, was critical of public manias, such as economic bubbles, fortune-telling, haunted houses, and other manias that were occurring at the time that he wrote his book.
There are several ugly truths about life that most of us ignore. I want to cover two of those ugly truths today. The first is that the path through life is fraught with uncertainty. The second is that by the time we’re mature adults, we have had experience with the first truth, but most of the time, we tuck it away into a deep dark corner of our minds. Then we go on with our lives behaving as though the first truth does not exist.
When I was 12 years old (1969), I experienced two events that changed the course of my life: I got my own paper route, and my mom drove me to the bank and opened a checking account in my name. The reason she opened the account was because she didn’t want the job of writing a check every week to the company that owned the newspaper, the Peoria Journal Star. When we got home from the bank, she taught me how to write checks. When the first bank statement arrived in the mail, she taught me how to reconcile the account.
I recently listened to an interview of a business consultant who said that he blames Thomas Jefferson for many of the problems in the United States, because Jefferson was the one who came up with the phrase in the Declaration of Independence that we have the right to “life, liberty, and the pursuit of happiness.” The consultant said that he had no problem with the life and liberty part of the phrase, but that Jefferson’s use of the words “pursuit of happiness” was a mistake.
I fired another client last week. The reason I used the word “another” is because I’ve fired more clients this year than I fired in the previous three years. At my age (62), I no longer have the patience to put up with the whining and abuse that I receive from some of my clients. I can put up with a lot, but there’s a point when a switch in my head goes off and my attitude toward a client shifts to such an extent that I put an end to our relationship.