Valuable lessons
20 October 2009 @ 4:01 pmCategories: Uncategorized
Posted by Simon
Hi People
Sorry for the 4 week hiatus. But I just went back to work - on a part time basis and for a while only. But who knows for sure? Only God knows. In fact 2009 has taught me a valuable lesson - nobody is God, except God. Talking about lessons, here’s one: Past mistakes can be costly, but their value is in teaching us.
I just finished reading a book borrowed from the National Library. A retiree gets to enjoy many things for free, or almost free - enjoy being a retiree living in Singaporean - read a book, for free; and pay no income taxes; see a movie during off peak hours, for half the price of a regular ticket; join as a member of restaurants like Swensen’s and MOF (that’s Ministry of Food) and get your free coffee, no questions asked.
Back to the book - “Investing In Your Life” by Ian Pollack. It talks about increasing your Life Capital - made up of 3 components: Financial Capital, Human Capital & Social Capital. It is quite obvious that when we have enough money we will feel more secure. What’s enough? Answer: To have sufficient Financial Capital to retire financially independent i.e. not having to work for a living and have enough money to churn out a decent stream of passive income.
Human Capital we all must constantly build up through education and keeping updated in our area of expertise - that’s our skills set, what we are good at doing and doing it well.
Social Capital is often under-rated. We don’t pay attention to it at our own peril. The trouble is, this aspect needs to be nurtured and the pay off is not evident immediately and therefore people seem to neglect it. But if we cultivate it over a period of time and having the right EQ (Emotional Quotient) or what we commonly call “people skills”, it becomes such a part of us that it requires no extra effort as it comes naturally to us, sort of as a matter of habit.
Once a boss told me this when I mentioned my intention to move on and suggested that a better man, one that is technically skilled, should replace me: “Simon, we need you because you manage by wandering around and this is good for the staff”. This month I am grateful to God for allowing me to mark yet another birthday. I had no less than 10 sms birthday greetings from family & friends or colleagues I first met a long long time ago - some going back 21 years. There is one ex-staff, now a dear family friend, that is particularly special. I recall giving her a second interview before I considered her good enough to join the team. (Then a shy 20 year old, she was to tell me later that she felt offended that I subjected her to a second interview). She is now a mother of 2 and still drops me a line or 2 now and then, still addressing me as “boss”. Here’s an affirming extract: “Thanks for all your past guidance. I thank God for making u my 1st n best boss. ”
Let me share a valuable lesson here. When I joined the banking industry more than 30 years ago, I was told that in one big bank, there was this Chairman of the Board who would interview young trainee bank officers. Instead of thinking it what a waste of time, I felt the lesson here was that the Chairman was interested in hiring only the most capable, not only in his technical skills but in the man’s character. And being an elder doyen in the industry, he would be a pretty good judge of one’s character!
So, to this day, whenever there is a hire for the company I work for, whether it is for the receptionist post or that of a cook or kitchen help, I get involved in the final interview. I feel that hiring someone into the company is like checking out your potential son-in-law or daughter-in-law before checking him/her in. When you welcome him/her into the family, you are hoping they will stay and also, that you won’t have to chuck him/her out.
My mantra for hiring is like this: Like an archer who wounds at random, is he who hires a fool or a passer-by (Proverbs 26:10).
