Читать книгу Inspired Wealth - Aileen CFP Miga - Страница 13

While it sounds like an old cliché, this well-known principle is rich with wisdom. Embracing truth is an opportunity to explore all areas of your life. Taking an 16 Inspired Wealth: Financial Leadership for the 21^st Century in-depth look at your present existing financial circumstances helps you identify potential roadblocks and reduce the risks that are predicable and avoidable. You will benefit by clarifying where your personal and financial foundation can be strengthened to increase the likelihood of achieving your goals. Once you gather the data and clarify the truth about your circumstances you will be free to act with greater confidence.

When we ignore what we know is true, the cost is often more than we can afford.

Remember Enron?

Here is a famous example of what not facing the truth about money can lead to. At Enron it became obvious that their business model did not produce the earnings results that were expected. But because top executives didn’t want to face the truth about their company’s earnings they continued working with a broken model. They hid the truth and the deception compounded. Had the leaders recognized the truth early enough and understood how disaster multiplies from not telling the truth, they could have made the changes and the shifts required. This is where leadership was needed, and was sorely lacking. What did hiding the truth cost the executives at Enron?