Tuesday, June 19, 2012

Turning Pro

I recently read a book entitled Turning Pro by Steven Pressfield, which was recommended by a blogger that I follow.  It was a fairly short book, but a decent read.  My fellow blogger states, "Turning Pro argues that the essential difference between an amateur and a pro is not just the right approach, but the right habits, done for the right reasons."

This past weekend, anyone who is a fan of golf watched the United States Open.  If you did watch the Open, it would have been hard to avoid the story of Beau Hossler.  This braces clad, 17 year old amateur headed into Sunday only three strokes back from the leaders of the tournament.  At one point in the weekend, the young fellow was actually leading the Open at two strokes under par.

In a post-round interview, Hossler stated that he had gone into the weekend with the goal of being the low amateur.  With a four stroke lead over the next closest amateur, this looked all but inevitable.  However, Mr. Hossler decided to announce to the world that he had changed his goal and believed he was in a position to win the U.S. Open.  I imagine if Mr. Pressfield was one of the millions viewing this tournament, he probably shook his head at this proclamation. 

Johnny Miller, former PGA Tour Pro and Righteous D-Bag, commented that Hossler should have kept his bold statement to himself.  (Miller could stand to keep all of his statements to himself.)  I hate to agree with Miller, so I won't.  In contrast, I would argue that Hossler simply should not have changed his original goal.  When his goal was to be low amateur, there was a lot less pressure on him and he played great.  When that goal changed, Hossler steeped a huge amount of pressure on himself. 

A "pro" would never have changed his approach after having such great success the previous three days.  If Hossler would have continued to focus on being low amateur, it is possible he could have played well enough to win the Open.  Winning would not only have been a great bonus, but he would have accomplished his original goal.   

Not only did Hossler fail to win the U.S. Open, he posted a 75 on Sunday and fell out of the top amateur spot.  It would have been a great story, and shooting plus eight in the most punishing golf tournament of the year is certainly no small accomplishment.  But, fans of the game, like myself, can only wonder "what if?"

What if Hossler would have won the U.S. Open?  Would he have declared himself as a PGA Tour Pro and taken the almost 1.5 millon dollar purse?  (I most certainly would have and would tell anyone do the same.)  Would Hossler have gone back to his High School to complete his senior year?  The golf world will never know.

"Turning pro" in golf can be as easy as declaring yourself to be a Pro and accepting cash winnings.  However, "turning pro" as defined by Pressfield is much more involved.  Even if he is not ready to "turn pro" in golf or as defined by Mr. Pressfield, I think it is fair to say the PGA has not seen the last of Beau Hossler.

   

Tuesday, June 5, 2012

Perceptions

We all have perceptions about the people and places around us.  When I see a person wear a white lab coat, I assume they are some sort of doctor/pharmacist/scientist.  Likewise, if a man is wearing a suit and tie, I assume he is a businessman of some sort.  It would be strange, and likely frowned upon, to see an attorney walk into a courtroom wearing a white lab coat.

Most of the time a person's wardrobe is dictated by their chosen profession.  In my case, the Court dictates that attorneys wear a suit and tie in the courtroom.  These rules get fuzzy with women's attire, but who am I to judge someone's dress flip-flops.

I think my favorite profession-dictated attire is that of a major league baseball manager.  Why on Earth does a manager wear a full baseball uniform?  Even if the team was down to eight players, could you imagine a guy like Don Zimmer waddling out onto the field to take his place at shortstop?  I realize this probably would not even be legal, but I digress. 

In addition to perceptions based on the way people dress, there are certainly perceptions based on the age of an individual.  An older person is usually perceived to be extremely qualified through his years of experience, while a younger person is perceived to be less experienced, thereby less qualified.

PGA professional Rory McIlroy blows this flawed perception out of the water.  In 2011, at the ripe age of 22, McIlroy won the U.S. Open by 8 strokes.  This would have been a crowning achievement for anyone in the world.  However, McIlroy was able to win in spite of his epic meltdown at the Masters only weeks before.

Somewhere along the way, McIlroy's father, Gerry McIlroy, was asked whether he believed Rory was old enough to attain enduring success in the PGA.  His father was quoted as saying, "If you are good enough, you are old enough."  Point, Gerry McIlroy.

While I likely will not be headed to Court in khaki shorts and a golf shirt anytime soon, I think it is fair to say that some perceptions are just plain silly.    

Friday, May 25, 2012

Top 7 Reasons to Execute a Last Will & Testament

     Who doesn't love a good list? There are countless reasons an individual should draft and execute a Last Will and Testament.  However, I would like to outline what I believe to be the top 7 reasons:

#7.  Avoiding Taxes. 
Creating or establishing a plan to protect assets from the State or Federal Government is, in my opinion, always an excellent strategy.  After all, you worked hard to obtain the things you own and less taxes paid to the Government means more assets for your beneficiaries.

#6.  Protecting your beneficiaries from themselves. 
Depending on the individuals or organizations you determine you would like to inherit your assets, it might be wise to protect those individuals or organizations from themselves.  The easiest way to explain this is to use a couple hypothetical situations.

Ex. 1)   Great Uncle Harry is a spendthrift, alcoholic, and drug user, but you would still like to provide for him.  Additionally, you do not want him to blow his inheritance on a week long bender. 

Ex. 2)  You would like to see that your assets are protected and available to fund a project or cause indefinitely. 

The possible examples which fall into this category are limitless.

#5.  Nomination of Executor.  
 The person you select as your Executor will eventually gather your assets and distribute your Estate according to the terms of your Will.  If an Executor is not nominated by a deceased individual by way of a Will, State law provides, by default, who may act. 

I am of the opinion that a personally chosen individual is superior to a "default."  (You might see a theme developing.)

#4.  Waiving Bond or Surety on Bond. 
Without getting too in depth, an individual appointed by the Court to administer an Estate of an individual may be required to post bond or surety. 

The amount of the bond is largely dependent on the size of the Estate of the deceased individual.  However, the ability to release your chosen Executor of this burden can be accomplished in a Will.

#3.  Nominating a Guardian for Minor Children. 
Any parent of a Minor Child (under 18) can move this to the number 1 reason on your list. 

Considering who will care for that Minor in the event of an unfortunate event is a huge decision.  However, if a nomination is not made, the person who ultimately becomes Guardian of that Minor may not be the same person you would choose.

#2.  Choosing Beneficiaries. 
You can choose the individuals and/or organizations you want to have your "stuff." 

This reason is simple, yet one of the most important reasons I can offer.  As you may have guessed, if you do not choose your beneficiaries, the government will.

#1.  Letting your desires be known. 
This is a broad reason, and encompasses many of the other reasons I have listed above.  However, when you are gone, a Last Will and Testament is the only way to tell the world how to execute your wishes.

     There is my list.  I am sure there are other reasons to execute a Will, and I am sure there could be lively (for some) debate about my ranking of the reasons I have listed. 

     Always remember, once you have executed a Will, make sure you do not use it for a very, very long time.                

Friday, May 18, 2012

Can you hear me?

     Everyone has pet peeves. That being said, one of my pet peeves is spam. Not the fake ham substitute, but the junk email anyone with an email account receives on a daily basis. It is unsolicited and I waste my time deleting it. Sure, it only takes a few seconds, but those are seconds I could use doing something I actually enjoy doing.

     The worst spam, in my opinion, is spam I receive from businesses I purchased products from. This is especially aggravating when I make a point to un-check the "I want to receive special offers and updates" box. With the disclaimer that I am a Chicago Cubs fan, I present the following case study:  

BUYING ST. LOUIS CARDINAL TICKETS

Not too long ago, I purchased a group of St. Louis Cardinal tickets. Why I was willing to subject myself to Busch Stadium is a long story, and beside the point. The point was, a group was attending and we wanted to sit together.

As I dutifully proceeded through the process of purchasing the tickets, I was prompted to enter my email address. This was nothing new. In the world of e-commerce, it is only natural to provide an email address in order to get an almost instant confirmation and receipt of your purchase.

During the purchasing process, before I was subjected to outrageous "convenience" fees, I made sure to un-check the box indicating I wanted to receive updates from the Cardinals. (I usually only care to know that the Cardinals lost to the Cubs) Even after taking this precaution, I began receiving very frequent updates from the Cardinal organization. This was the first time my wishes were disregarded.

After I continued to receive these emails, I scrolled all the way to the bottom of the email and clicked the "unsubsribe" button. This took me to a subsequent page, where I confirmed my desire that these emails cease.

 The emails from the Cardinals did not cease. In fact, they began arriving more frequently. My wishes were disregarded again. I was not a happy customer.

     It is obviously easy to rail on an organization that I really did not like in the first place, but I think all businesses could learn a valuable lesson from my experience. If a business does not listen to its customers or clients, those customers or clients are not going to be happy.

     Sure, I am not going to influence the two people that read this post to boycott the Cardinal organization. (They are likely Cardinal fans anyway) But, the lesson is there, and I think it is valuable.

Wednesday, May 16, 2012

Welcome

Hello and welcome. I have created this blog in an attempt to utilize the Internet for the disbursement of opinions and information that is hopefully both helpful and informative. I intend to post on a variety of subjects that impact the lives of readers. Admittedly, not everything posted will effect or interest all readers. However, if there is a topic that does interest you, I will always be open to suggestions. Additionally, if you ever feel there is an issue that I may be able to assist you with professionally, please do not hesitate to contact me. I look forward to this new endeavor.