Although our team loves using numbers and spreadsheets to help our clients make the best financial decisions, we also enjoy reading great books. Staying well read on both fiction and non-fiction books helps us hone our imagination and introduces us to new, sometimes better, perspectives on life.
For this week’s post, we decided to name one of our favorite books and explain why we like it so much.
What Cassidy’s Been Reading
“I love the focus on discipline and how important it is for your company to turn the corner. Discipline is what allows you to make the tough decisions when they need to be made.”
What Nancy’s Been Reading
“This book motivates the average employee to become an entrepreneur and introduces a different perspective on how to become rich. Rich Dad, Poor Dad teaches the basics of accounting and stresses the importance of financial literacy. It’s an excellent book to read, whether you’re planning on starting your own business or just wondering how people become rich.
My favorite excerpt from the book is when Robert Kiyosaki tells the story of how his two dads would react when something was unaffordable: One dad had a habit of saying, ‘I can’t afford it.’ The other dad forbade those words to be used. Instead, he asked, ‘How can I afford it?’ One is a statement, and the other is a question. One lets you off the hook, and the other forces you to think.
By thinking about how you can afford something, it opens up more doors and opportunities than saying you can’t afford it and stopping there.”
What Riccardo’s Been Reading
“I enjoy the book because it inspired me. It doesn’t look at the world with new ideas. Instead, it takes old ideas and gives another perspective on them. My favorite excerpt from the book is when Sinek says, ‘We make assumptions about the world around us based on sometimes incomplete or false information…This is important because our behavior is affected by our assumptions or our perceived truths. We make decisions based on what we think we know'”.
What Maggie’s Been Reading
“ have great admiration for Yvon Chouinard (and it’s not just because he has Canadian ancestors and Patagonia is a CA-based company). In the 1990s, Patagonia was enjoying financial and social success, creating an excellent place to work, a culture of corporate tithing, and encouraging environmental activism. When a supply chain audit revealed that cotton had a massive ecological footprint, Chouinard committed the company to convert to organic cotton in a specified timeframe, despite external pressures and internal resistance.
I appreciate the idea of a business looking beyond the measurable financial bottom line to the global “bottom line” and successfully improving both. Anecdotally, Patagonia’s experience shows the two ideas of financial management and corporate responsibility are not necessarily mutually exclusive”.