Understanding this powerful philosophy will take you far in life, finance and sports
- Being quick but not hurried is essential to getting through life’s big transitions
- “Be Quick” is about getting things done, doing them now, not letting them pile up, and about having a plan in place.
- “Don’t Hurry” refers to having discipline, a plan in place, not over-reaching, not missing important items, letting things come to you and connecting to people.
At the NCAA men’s basketball tournament last weekend (aka March Madness) 16 of the nation’s best (and luckiest) college teams battled it out to get to Monday’s (April 7) national championship game. With so many surprise winners in this year’s tournament, it’s hard to believe that one team could keep coming back to win the tournament year after year. But that’s exactly what the great John Wooden-coached UCLA teams did in the 60s and 70s—10 national championships in 12 years—with a very simple philosophy: “Be quick, but don’t hurry.”
What does “Be quick, but don’t hurry” really mean? When you’re going through various money and life transitions—retirement, major health issues, the death of a loved one or a sudden inheritance, for instance—it’s usually a onetime event. It can be very confusing and frustrating not knowing where to go or what the future’s going to be. In those situations, it’s really helpful to have a philosophy or plan in place to get you through.
As Coach Wooden would say, being quick is about getting things done and doing them right now, rather than letting them pile up. “Don’t hurry” means being disciplined, not overreaching, not doing things hastily and not missing important items. It’s also about letting things come to you surrounding yourself with (and connecting to) the right people.
How basketball relates to your financial situation
Watch a basketball game closely. You’ll see that good teams are quick, but they allow the game to come to them. They stay in control of the situation. Ultimately they’re successful in that game and many players go on to be successful in life. That’s what’s very important when you’re going through life transitions. Being quick, but not acting hastily.
If you’re going through a big financial transition, you probably call your accountant, attorney, or other advisor to put a strategy in place. Clearly there’s a discipline here. Things have to be done right away—and done correctly. At the same time, you want a collaborative team behind you. You want all your trusted advisors moving together in the same direction you’re going. That’s a lot better than the alternative—lack of discipline and hasty decision making.
It’s an easy philosophy to remember: Be quick, but don’t hurry.
Just Shred It
Speaking of putting things in the basket, don’t forget our 2nd annual Just Shred It event on Saturday, April 26. It will be held right in the Coyle Financial parking lot from 9am to noon. Gather up all those old documents and files and we’ll shred them right in front of you. Enjoy some refreshments and hopefully make your life a little simpler, faster and quicker.
Until next time, enjoy. Gary
For more information go to CoyleFinancial.com/just-shred-it
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