If you're wondering why some succeed and others don't,

This essay from 1899(!!!) provides a key indicator right here:

Look for this quality in yourself.

Look for it in your employees.

If you or they don't have it, develop it.

Long but worth every second you'll spend on it
2. 1899 - A Message to Garcia - By Elbert Hubbard

In all this Cuban business there is one man stands out on the horizon of my memory like Mars at perihelion.

(Look, it starts weird....and 'Perihelion simply means when Mars is closest. Stay with it, though)

Back to Elbert:
3. When war broke out between Spain & the United States, it was very necessary to communicate quickly with the leader of the Insurgents.

Garcia was somewhere in the mountain vastness of Cuba- no one knew where.

No mail nor telegraph message could reach him. The President
4. The President must secure his cooperation, and quickly.

What to do!

Someone said to the President, "There’s a fellow by the name of Rowan will find Garcia for you, if anybody can."

Rowan was sent for and given a letter to be delivered to Garcia.
5. How "the fellow by the name of Rowan" took the letter,

sealed it up in an oil-skin pouch,

strapped it over his heart,

in four days landed by night off the coast of Cuba from an open boat,
6. disappeared into the jungle,

& in three weeks came out on the other side of the Island,

having traversed a hostile country on foot,

and delivered his letter to Garcia, are things I have no special desire now to tell in detail.
7. The point I wish to make is this:

McKinley gave Rowan a letter to be delivered to Garcia; Rowan took the letter and did not ask,

"Where is he at?"
8. By the Eternal!

There is a man whose form should be cast in deathless bronze and the statue placed in every college of the land.
9. It is not book-learning young men need,

nor instruction about this and that,

but a stiffening of the vertebrae which will cause them to be loyal to a trust,

to act promptly,

concentrate their energies: do the thing- "Carry a message to Garcia!"
10. General Garcia is dead now,

but there are other Garcia’s.

No man, who has endeavored to carry out an enterprise where many hands were needed, but has been well nigh appalled at times by the imbecility of the average man
11.

- the inability or unwillingness to concentrate on a thing and do it.

Slip-shod assistance, foolish inattention, dowdy indifference, & half-hearted work seem the rule;
12. and no man succeeds, unless by hook or crook, or threat,

he forces or bribes other men to assist him;

or mayhap, God in His goodness performs a miracle, & sends him an Angel of Light for an assistant.
13. You, reader, put this matter to a test:

You are sitting now in your office- six clerks are within call.
14. Summon any one and make this request:

"Please look in the encyclopedia and make a brief memorandum for me concerning the life of Correggio".

Will the clerk quietly say, "Yes, sir," and go do the task?

On your life, he will not.
15. He will look at you out of a fishy eye and ask one or more of the following questions:

Who was he?

Which encyclopedia?

Where is the encyclopedia?

Was I hired for that?
Don’t you mean Bismarck?

What’s the matter with Charlie doing it?

Is he dead?

Is there any hurry?
16. Shan’t I bring you the book and let you look it up yourself?

What do you want to know for?

And I will lay you ten to one that after you have answered the questions, and explained how to find the information,
17. and why you want it,

the clerk will go off and get one of the other clerks to help him try to find Garcia- and then come back and tell you there is no such man.

Of course I may lose my bet, but according to the Law of Average, I will not.
18. Now if you are wise you will not bother to explain to your "assistant" that Correggio is indexed under the C’s, not in the K’s,

but you will smile sweetly and say, "Never mind," and go look it up yourself.
19. And this incapacity for independent action,

this moral stupidity,

this infirmity of the will,

this unwillingness to cheerfully catch hold and lift,

are the things that put pure Socialism so far into the future.
20. If men will not act for themselves, what will they do when the benefit of their effort is for all?

A first-mate with knotted club seems necessary;

and the dread of getting "the bounce" Saturday night, holds many a worker to his place.
21. Advertise for a stenographer, and nine out of ten who apply, can neither spell nor punctuate- and do not think it necessary to.

Can such a one write a letter to Garcia?

"You see that bookkeeper," said the foreman to me in a large factory.

"Yes, what about him?"
22. "Well he’s a fine accountant, but if I’d send him up town on an errand, he might accomplish the errand all right,

and on the other hand, might stop at four saloons on the way,

and when he got to Main Street, would forget what he had been sent for."
23. Can such a man be entrusted to carry a message to Garcia?

We have recently been hearing much maudlin sympathy expressed for the "downtrodden denizen of the sweat-shop"
24. and the "homeless wanderer searching for honest employment,"

& with it all often go many hard words for the men in power.

Nothing is said about the employer who grows old before his time in a vain attempt to get frowsy ne’er-do-wells to do intelligent work;
25. and his long patient striving with "help" that does nothing but loaf when his back is turned.

In every store and factory there is a constant weeding-out process going on.
26. The employer is constantly sending away "help" that have shown their incapacity to further the interests of the business, and others are being taken on.
27. No matter how good times are, this sorting continues, only if times are hard
and work is scarce, the sorting is done finer-

but out and forever out, the incompetent and unworthy go.

It is the survival of the fittest.
28. Self-interest prompts every employer to keep the best- those who can carry a message to Garcia.

I know one man of really brilliant parts who has not the ability to manage a business of his own, and yet who is absolutely worthless to any one else,
29. because he carries with him constantly the insane suspicion that his employer is oppressing, or intending to oppress him.

He cannot give orders; and he will not receive them.
30. Should a message be given him to take to Garcia, his answer would probably be,

"Take it yourself."
31.
Tonight this man walks the streets looking for work, the wind whistling through his threadbare coat.

No one who knows him dare employ him, for he is a regular fire-brand of discontent.
32. He is impervious to reason, and the only thing that can impress him is the toe
of a thick-soled No. 9 boot.

Of course I know that one so morally deformed is no less to be pitied than a physical cripple; but in our pitying, let us drop a tear, too,
33. for the men who are striving to carry on a great enterprise, whose working hours are not limited by the whistle, and whose hair is fast turning white through the struggle to hold in line dowdy indifference, slip-shod imbecility, and the heartless ingratitude,
34. which, but fortheir enterprise, would be both hungry & homeless.

Have I put the matter too strongly?

Possibly I have;

but when all the world has gone a-slumming I wish to speak a word of sympathy for the man who succeeds-
35. the man who, against great odds has directed the efforts of others,

and having succeeded, finds there’s nothing in it:

nothing but bare board and clothes.
36. I have carried a dinner pail & worked for day’s wages, and I have also been an employer of labor, and I know there is something to be said on both sides.

There is no excellence, per se, in poverty; rags are no recommendation;
37. & all employers are not rapacious and high-handed, any more than all poor men are virtuous.

My heart goes out to the man who does his work when the "boss" is away, as well as when he is at home. And the man who, when
38. given a letter for Garcia, quietly take the missive, without asking any idiotic questions,

and with no lurking intention of chucking it into the nearest sewer,

or of doing aught else but deliver it,

never gets "laid off," nor has to go on a strike for higher wages.
39. Civilization is one long anxious search for just such individuals.

Anything such a man asks shall be granted;

his kind is so rare that no employer can afford to let him go.

He is wanted in every city, town and village- in every office, shop, store and factory.
40. The world cries out for such: he is needed, & needed badly-

the man who can carry a message to Garcia.

THE END-

My note: make your kids read this. Hope you enjoyed.

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More from @roncaruthers

23 Apr
1. OK, I've seen enough of the 'hey guys, you don't make over a million so the capital gains tax won't affect you' dumb hot takes for one night, so let me explain to you why this IS a problem.

For you.

Yes, you.
2. For starters, the 'only people over a million' is the HEADLINE to get you to nod your head and think, 'yeah, F those rich jerks...won't affect me.'

But, the problem is....THERE AREN'T ENOUGH OF THEM TO SATISFY THE BEAST.

The beast needs ever-increasing amounts of your money
3. And, 'they' are smart, so they'll hire accountants to figure out how to avoid it.

Which means that the government will have no choice but to come back to YOU and raise capital gains on you and everybody else.

You may not pay 40%....but if you were paying 5% or ZERO,
Read 10 tweets
22 Apr
1. For everyone in dispair about the Capital Gains tax increase, I have some good news...and I have some bad news.

First, the bad news:

They're just getting started.

They're going to tax you until you scream and vote them out.

But, they NEED to tax you to fund their projects
2. And they're going to keep taking your dollars to give away to people who won't work and other countries that you can't even find on the map.

They've been doing it forever, YOU are just paying attention now.

So, it's going to get a lot worse.

The good news?
3. In the 47 years since 1974, there have been....are you ready for it?......

74 MAJOR changes to the tax laws, so this, too, shall pass. and captial gains taxes will be lower again in the future.

Don't believe me?

Here is the list:
Read 17 tweets
8 Apr
1. Always keep your eyes open for opportunity: Flower Fields edition:

So, the 'World Famous' Carlsbad Flower Fields are right next to my office.

They bloom from March through late April.
2. They started in the 1920's because the area I live in is famous for these flowers and poinsettias

These guys are called rinneculous....I think.

Anyway, they bloom, they die, and then the bulbs get shipped worldwide.
3. When I first moved here, they were free. You could just pull up and start walking through them and of course we took family photos there for years.

BUT, someone eventually decided to start charging to enter them, since they are so popular.

Then, they started giving hay rides
Read 6 tweets
2 Apr
1. Why your 401k, 403B and Traditional IRA's suck Part TWO of 2

With even MORE math.

On Monday, I wrote abouat a client that is 25, makes about $40,000 a year and has been contributing $12,000 a year to her 403b.... the public employee equivalent of a 401k or IRA.
2. And what I pointed out was that at her current tax rate, she was 'saving' $1,957 a year in state and federal taxes,

BUT,

she would have a huge tax bill coming due on the money she deferred AND everything it made that would be in the hundreds of thousands of dollars.
3. And that is JUST on the money that she's already put in there, which is currently worth $50,000.

If you missed that thread, you can read it here:

Read 31 tweets
30 Mar
1. Why your 401k, 403B and Traditional IRA's suck Part 1 of 2

With math.

We have a client that is 25 and she makes about $40,000 a year.

She's currently putting $12,000 a year into her 403b and has $50,000 in it already.

Which is awesome.
2. But moving forward, we're making some changes.

Let me show you why:

She works for a city, so in CA she gets the Public Employees Retirement, which is much better than Social Security.

Because she started young, she'll like retire in her early 50's.

Let's say 55.
3. Now, IF she NEVER puts one more dime into her 403b and it earns 7% net over the next 30 years,

She'll have $380,613.

However, most people don't just pull their retirement accounts out all at once, they pull them over their lifespan.
Read 12 tweets
16 Mar
1. On getting stuff done:

My daughter is currently trying to rework her major at Berkeley and get a double major.

And she's a little frustrated because her academic advisor is not getting back to her, and she has a time sensitive decision.

So, she asked for some advice: Lexi and Me!
2. The specifcs aren't as important as the attitude I've learned to approach things with, which is what I'll lay out here:

She was waiting for ONE advisor to get back to her.

With a 30 second search, I found 3 OTHER advisors that she could reach out to,
3. Including 2 of the first advisor's bosses.

I not only found their emails, but their direct lines as well, AND for one of them, I even found a Zoom link for open office hours starting in 10 minutes, which I told her to get on.

Her question:

Which one should I do?
Read 8 tweets

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