A summary of things you should know about Get What’s Yours according to Larry Kotlikoff: Introduction In this episode Larry Kotlikoff takes a deep dive into his book, Get What’sRead More
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]]>In this episode Larry Kotlikoff takes a deep dive into his book, Get What’s Yours where he reveals his secrets for maximizing your social security payments.
In his book Kotlikoff gives his expert advice on navigating the intricacies of social security, the benefit scenarios of retirement, the bad decisions that raise business taxes, and financial consequences of other investments. The goal of this book is to help you understand the rules and consequences that come with getting the most out of your social security, retirement, and investments.
This book is perfect for seasoned entrepreneurs who are beginning to plan for retirement or aspiring entrepreneurs who have little to no knowledge of their economic benefits from the government and your business.
We try to make this subject fun and say the same thing in different ways so that the reader can thoroughly understand.
The first seven chapters are general and the rest of the chapters you can jump in and out depending on your situation.
This is an asset that you need to optimize and get right. You need to understand exactly what you are doing and do not trust social security to give you the right answers. I believe that social security folks are giving bad advice about 45% of the time.
In the beginning we not just only talk about social security’s provision but also about how to think about your lifetime benefits. Social security is not just another investment it’s really an insurance policy. It’s paying you benefits that continue until your die.
We discuss subject such as divorcees, widows and widowers, gay couples, and single individuals. Each of the chapters have relevance to all the readers; maybe not directly but indirectly for their friends and family. I think there is something here for everybody considering there are 10,000 people retiring every day. And I know from a lot of different sources that 10,000 people retiring a day are not making the right decisions and that’s the reason why we wrote this book.
At the end of the book we have 50 different social security secrets listed; the biggest secrets we came up with in terms of how to maximize your benefits. There is another chapter called 25 Gotchas and it’s a list of the 25 worst gotchas because social security is set up to trap people and if they don’t get things exactly right they can use all this other money that would otherwise be theirs.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 11:20
“The regulations that require a notice for an initial determination contemplate sending a correct notification notice. We consider that an initial determination is correct even if we send an incorrect notice.” – Social Security Rules. They are basically saying that if they send you the wrong information it’s just too bad. They are above the law and above making mistakes.
I am a Professor of Economics at Boston University; I’ve been an Economist for a long time. I grew up in New Jersey, went to Penn College and got interested in Economics and then went to grad school at Harvard.
Well we have 10,000 baby boomers retiring every day and the social security system is about as complicated as one can imagine. I felt the need to help others get the best deal possible.
Any straight forward economics textbook
Buy Get What’s Yours by Larry Kotlikoff on Amazon today
Visit WhatIsYourWhat.com to learn more about the book
Visit Kotlikoff.net to learn more about Larry and his works
Visit MaximizeMySocialSecurity.com to access Larry’s social security software
Follow Larry Kotlikoff on Twitter and Facebook
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
You Can Retire Sooner Than You Think by Wes Moss
Stuff I Wish I’d Known When I Started Working by Fergus O’Connell
The 30 Year Paycheck by Sander Biehn
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]]>A summary of things you should know about The 30 Year Paycheck according to Sander Biehn: Introduction In this episode Sander Biehn takes a deep dive into his book, TheRead More
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]]>In this episode Sander Biehn takes a deep dive into his book, The 30 Year Paycheck, where he discusses what makes corporate America so demeaning and why employees put up with it.
In his book Biehn where he tells the story of the narrator who strives to avoid the 30 year paycheck, but faces a personal toll while trying to remain employed, raise a family, and save for retirement. The goal of the book is to teach you lessons that help employees, mid-level managers, and executives find a path needed to grow personally.
This book is perfect for aspiring entrepreneurs who are trapped in a full-time job and need a guide to help them work around the pressures that come with working in corporate America.
I put my book in a narrative format so that people could really approach it and read it like they would a piece of fiction but learn something from a business perspective. The advice and wisdom that you find in the book is really in between the lines a little bit. You watch this character as this character goes through a career and you learn from the mistakes that this character makes. You see the character change and see the character realize a path forward and I think that’s a very powerful way for people to learn.
No matter who you are or what it is that you know how to do, you have the gifts to be enough and not only to be enough but to be superior at who you are. I believe it’s in the heart of every person to be something amazing and to do something absolutely spectacular with their lives and career.
The book starts out with a young person who is in college and graduating with a degree in classical studies of philosophy. This degree doesn’t have a lot of meaningful path forward as to what to do with it as you get out of school so this character falls into a career in sales. The question we are trying to answer is why does the character stay in this sales position that wasn’t necessarily a dream job in the first place? This job is a safety net for the character and what we find is that when you stay in that safe spot you start to lose the innovation that’s in your heart and the ideas that you have.
As this character moves through his career he starts burying the way he sees the world and starts to adopt seeing the world in the way that he thinks his superiors want him to. In the end we find that that doesn’t serve him very well and it limits his career inside this large company. In the end of the book the character decides to go back to his roots and do things his own way.
He finds that large organizations really aren’t suited for people marching to the beat of their own drum. People that have this entrepreneurial spirit, there are ways that they can innovate inside of organizations.
I talk about a number of things that organizations need to do to evolve and it concentrates on what we as individuals need to do to bring us back to our roots. In this case this individual decides he needs to move on and create his own thing. I think what’s really important about this is it talks about the evolution and what happens to most people as they fall into a career. Very few of us end up actually going after what we really want to do straight out of college.
I talk about the best thing that we can do to not only be successful but also happy is to follow who we are and what it is that excites us. By not doing those things we start to limit ourselves and eventually it starts taking away from a piece of who we really are and enabling us to be the best that we can be.
“I was trying to act like my boss but really I was just a cheap knockoff of who my boss was and I was totally forgetting who I was.” – Main Character in the book
I have worked for about 20 plus years for a very large telecommunications firm in sales. I have always been in sales since I got out of college to almost up to the present. About a year and a half ago I left the company and decided to start my own business in social selling for business to business sellers.
I was doing a bunch of traveling as a sales person and I was hearing a lot of the same types of people complaining about things about their work. I was hearing these same kinds of complaints everywhere I went and I started realizing that I had some answers to these complaints which led to the book. The other thing that inspired me is that I wanted to write a different kind of business book. I wanted to make my book an overall good read and I felt that that was missing in the world.
For Whom the Bell Tolls by Ernest Hemingway
Buy The 30 Year Paycheck by Sander Biehn on Amazon today
Visit Thought-Horizon.com to learn more about Sander and his book
Follow Sander Biehn on Twitter and Facebook
Download the full transcript here
Listen on iTunes, Stitcher , and SoundCloud
Related books: Stuff I Wish I’d Known When I Started Working by Fergus O’Connell | You Can Retire Sooner Than You Think by Wes Moss | The Art of Resignation by Steven Feiner
What did you like and not like about this episode? Fill out this one minute survey here.
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]]>A summary of things you should know about Stuff I Wish I’d Known When I Started Working according to Fergus O’Connell: Introduction In this episode Fergus O’Connell takes a deepRead More
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]]>In this episode Fergus O’Connell takes a deep dive into his book, Stuff I Wish I’d Known When I Started Working, where he provides the tips and tools you need to work faster.
In his book, O’Connell teaches you how to avoid the common mistakes of other aspiring business goers and skip a few rungs on the corporate ladder. The goal of the book is to help you be more effective, more accountable, more visible, and less afraid.
This book is perfect for entrepreneurs who want learn from the mistakes of other successful people and need a fast-track guide to getting more done in less time.
We looked and found that there were no other books out there that came at work from this particular angle.
This is a jump in and jump out kind of book.
It’s not talent that gets people where they want to be its commitment and perseverance.
In the book we have identified 24 areas where I have written the kind of stuff that I learned along the way. A couple of the chapters are about things like aiming high and a second chapter is about appreciating life. It’s all right to have very ambitious dreams but you have also got to live in the moment. There is another chapter about why it is good to be creative and another on why it’s good to fail. There are 8 to 10 chapters that take an idea and try to sell the reader on that particular idea.
In one chapter I talk about the four things that I have learned about bosses. The first thing that I learned is that bosses are actually human and since they are human they will make mistakes. A second thing about bosses is that they like to have their problems solved. I’ve also learned that bosses tend to be delusional. And lastly bosses seem to think that long hours are productive which is not true.
We have chapters in the book which are how-to chapters and for example there is a chapter on common sense. The seven principles of common sense are firstly that many things a simple. The second principle is the importance of knowing exactly what you are trying to do. The third is planning and figuring out the sequence of events in advance. The fourth principle is that stuff doesn’t get done if there aren’t people to do them. The fifth principle is that things rarely turn out as expected. The sixth thing is that things either are or they aren’t. And the last principle is the golden rule of looking at things from other people’s point of view because if we did we would get a much clearer understand rather than just seeing it through our own eyes. I encourage the reader to spend a week or two applying these ideas and seeing the world through this prism.
“Commitment gets you started and perseverance keeps you going.” – Fergus O’Connell
I graduated with a degree in mathematical physics and then I went in to software development and worked in that for about 10 or 12 years. In 1992 I started my own project management consulting and training company and that’s one of the things I’ve been doing ever since as well as writing books in the area of project management and time management. I have this alternative life as a novelist as well.
I was thinking one day about how I’d like to be 19 again and to have all the knowledge and wisdom I have now. I was thinking of it in terms of life generally but then I thought a book which thought from the perspective purely of business might be a good thing to do.
The Seven Habits of Highly Effective People by Stephen Covey
On Becoming a Novelist by John Gardner
Buy Stuff I Wish I’d Known When I Started Working by Fergus O’Connell on Amazon today
Visit FergusOConnell.com to learn more about Fergus and all his books
Follow Fergus O’Connell on Twitter and Facebook
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books: Getting Things Done by David Allen | People Tools For Buisness by Alan Fox | Habit Stacking by S.J. Scott
Relevant advice and tips: 7 Productivity Tools For Entrepreneurs To Make Life Easier
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of Stuff I Wish I’d Known When I Started Working with Fergus O’Connell appeared first on The Entrepreneurs Library.
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