Transactions

Transactions cost more than you think. During a meeting with a client the other day, he brought up the great point that too many transactions in life cause you to loose financially - whether it be selling a house, stock, changing jobs, even marriage. His advice - Limit your transactions in life.

Many thanks to Randy Brunson over at Centurion Advisory. He made me think about the fact that when I'm investing my time in a job, I'm investing in the future of the company I work for. The more I invest, the more I have to loose if I leave. Every time I start a new job, I'll have to go through the upstart of learning a new business, a new process, new people, new commute, etc, etc. The result - I won't be able to reach my highest potential at that company. If I do that over and over again, I'll never reach my peak and never grow as much as I could have by investing more time at just one company.

Its hard for my generation to think about working at any one place for more than 3-5 years, but if we do continue to keep our tenures short, we'll pay for it in the long-term.

My take-away - find a home at a company I believe in and stick it out for the long-haul.