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The Most Important Money Lesson I’ve Ever Learned

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If you’d like to learn how to care for your money so you can make it grow exponentially over time, sign up for the free 90-Day Master Class hosted by the founder of Addicted2Success.com, Joel Brown.


Airports are a strange place. Time feels like it does not exist, massage places occur right next to restaurants, and strangers will talk to anyone within sight. It only seems fitting then that I got one of the best pieces of advice from this place where water is worth its weight in gold. I was waiting at the terminal in one of the eternally sticky polyester chairs, and I set my purse on the floor. Immediately, a woman looked up from her magazine at me and said, “Don’t put your purse on the ground.”

Initially, I thought it was for safety reasons, like making it an easy target for pickpockets. This woman proceeded to tell me that by putting my money on the ground, I am disrespecting the value of the work that went into obtaining it. The more I thought about it, the more it made sense.

When I put my money on the ground, I showed less pride in it by failing to keep it in a safe place. I was neglecting it, leading to the possibility that it could be stolen or lost.

If we don’t want to leave our money in a state of disarray in our purse or wallet on the floor, then why would we have the same mentality toward the organization of our budgets and business accounts?

Show Your Money Its Worth

Money’s worth may be determined by the markets on any given day, but it’s true value differs for each individual. In your budgets, you want to make sure you have employees that augment your understanding of what your services are worth.

Look for people who will work well with your company by fitting into one of two categories. In business, it is a common error to think one person can do multiple roles and save you more money as a result. Realistically, you cannot get everything out of one person, and it is more cost effective to have two people do more specific jobs for less hours.

Also make sure your employees respect the resources you decide merit your money. If they do not see what a program or campaign costs, there is greater the possibility of misusing or misunderstanding the materials. Showing pricing saves you money, because by attaching a value to a service, there is less likelihood of overspending on a project.

“Measure your wealth not by the things you have, but by the things for which you would not take money.” – Dave Ramsey

Don’t Take Your Money for Granted

Like the purse on the ground scenario, when you let your money out of your hands, you lose control over it. Automatic payment systems are both a blessing and a curse with how easily money can be transferred for services.

If there are non-essential or necessary autopay systems you have set up, monitor it monthly so you are keeping track of where money is going in your budget. Check your accounts to ensure it is not being used for an unnecessary expense that you may be unaware of. Also, contact your vendor to see if there are promotions you may be missing. If you do have to keep an automatic payment system, make sure to set up alerts, so you have a realistic grasp of your finances.

Ask About Your Money

If I had never questioned the woman in the airport, I would have never had that life-changing lesson about managing my budgets in business. This questioning mindset for your finances particularly benefits your assets when negotiating. When bargaining, there are two ideas to keep in mind to save costs.

The first is when working with another party in a deal, know there are more options than just money. The goal is creating an exchange that accommodates both parties’ demands, trading resources like people or time. By substituting these other options in a negotiation, you allow for your money to be spent on other important items in your budget.

When dialoguing with another company, it is important to focus on more than just making an exemplary agreement with them..Oftentimes, we want to offer a bargain, so we cut down the price of our services or product. By doing so, we devalue our company, because we now accept less money for a service and a smaller amount of revenue. When negotiating, we must not lose sight of the goal just for the sake of possibly gaining a sale.

“If you would be wealthy, think of saving as well as getting.” – Ben Franklin

If I had never put my purse on the floor of that airport, I would have lost an opportunity to learn one of the most important tips about money I have experienced in my life. Money is portrayed as being most powerful when spent, but there is often more success in saving. By valuing and caring for your money through budgeting with these mindsets, you are creating a legacy for a prosperous business. So as you visualize your life, take today to organize your dollars and, please, learn from my mistake of never putting your money on the ground.

What’s the most important money lesson you’ve ever learned? Share it with us below!

Nancy Solari is an inspiring example of living life with a positive mindset, regardless of the challenges you face. At sixteen, she was diagnosed with retinitis pigmentosa: a progressive retinal disease that leads to blindness. Over the years, Nancy experienced significant vision loss, but refused to let this dissuade her from following her dreams. She obtained a BA in broadcasting and psychology from the University of Oregon, worked for Good Morning America and Entertainment Tonight, had a successful singing career, and was a top-producing Realtor in Southern California. Nancy went on to obtain a life coaching degree, and launched Living Full Out in 2008 to help others achieve their goals. An accomplished coach, speaker, and host of the national radio show, Living Full Out with Nancy Solari, she shares her tools for success with audiences and organizations all around the country. See her YouTube for more.

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Success Advice

Why One-Size-Fits-All Leadership Will Always Fail (and What Works Instead)

The surprising truth about leadership styles that can make or break your team’s success.

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Why one-size-fits-all leadership doesn’t work
Image Credit: Midjourney

Leadership has always been as much about people as it is about performance. Ken Blanchard, in his influential book, “The One Minute Manager”, put it simply: different strokes for different folks. (more…)

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Success Advice

What Every New CEO Must Do in Their First 100 Days (or Risk Failure)

Your first 100 days as CEO could define your entire legacy, here’s how to make every move count

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Image Credit: Midjourney

When Tim Cook took over from Steve Jobs at Apple, the world watched with bated breath. Jobs wasn’t just a CEO; he was a visionary, an icon, and a legend of innovative leadership. (more…)

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Entrepreneurs

The Leadership Shift Every Company Needs in 2025

Struggling to keep your team engaged? Here’s how leaders can turn frustrated employees into loyal advocates.

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Bridging the gap between employees and employers
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In workplaces around the world, there’s a growing gap between employers and employees and between superiors and their teams. It’s a common refrain: “People don’t leave companies, they leave bad bosses.”

While there are, of course, cases where management could do better, this isn’t just a “bad boss” problem. The relationship between leaders and employees is complex. Instead of assigning blame, we should explore practical solutions to build stronger, healthier workplaces where everyone thrives.

Why This Gap Exists

Every workplace needs someone to guide, supervise, and provide feedback. That’s essential for productivity and performance. But because there are usually far more employees than managers, dissatisfaction, fair or not, spreads quickly.

What if, instead of focusing on blame, we focused on building trust, empathy, and communication? This is where modern leadership and human-centered management can make a difference.

Tools and Techniques to Bridge the Gap

Here are proven strategies leaders and employees can use to foster stronger relationships and create a workplace where people actually want to stay.

1. Practice Mutual Empathy

Both managers and employees need to recognize they are ultimately on the same team. Leaders have to balance people and performance, and often face intense pressure to hit targets. Employees who understand this reality are more likely to cooperate and problem-solve collaboratively.

2. Maintain Professional Boundaries

Superiors should separate personal issues from professional decision-making. Consistency, fairness, and integrity build trust, and trust is the foundation of a motivated team.

3. Follow the Golden Rule

Treat people how you would like to be treated. This simple principle encourages compassion and respect, two qualities every effective leader must demonstrate.

4. Avoid Micromanagement

Micromanaging stifles creativity and damages morale. Great leaders see themselves as partners, not just bosses, and treat their teams as collaborators working toward a shared goal.

5. Empower Employees to Grow

Empowerment means giving employees responsibility that matches their capacity, and then trusting them to deliver. Encourage them to take calculated risks, learn from mistakes, and problem-solve independently. If something goes wrong, turn it into a learning opportunity, not a reprimand.

6. Communicate in All Directions

Communication shouldn’t just be top-down. Invite feedback, create open channels for suggestions, and genuinely listen to what your people have to say. Healthy upward communication closes gaps before they become conflicts.

7. Overcome Insecurities

Many leaders secretly fear being outshone by younger, more tech-savvy employees. Instead of resisting, embrace the chance to learn from them. Humility earns respect and helps the team innovate faster.

8. Invest in Coaching and Mentorship

True leaders grow other leaders. Provide mentorship, career guidance, and stretch opportunities so employees can develop new skills. Leadership is learned through experience, but guided experience is even more powerful.

9. Eliminate Favoritism

Avoid cliques and office politics. Decisions should be based on facts and fairness, not gossip. Objective, transparent decision-making builds credibility.

10. Recognize Efforts Promptly

Recognition often matters more than rewards. Publicly appreciate employees’ contributions and do so consistently and fairly. A timely “thank you” can be more motivating than a quarterly bonus.

11. Conduct Thoughtful Exit Interviews

When employees leave, treat it as an opportunity to learn. Keep interviews confidential and use the insights to improve management practices and culture.

12. Provide Leadership Development

Train managers to lead, not just supervise. Leadership development programs help shift mindsets from “command and control” to “coach and empower.” This transformation has a direct impact on morale and retention.

13. Adopt Soft Leadership Principles

Today’s workforce, largely millennials and Gen Z, value collaboration over hierarchy. Soft leadership focuses on partnership, mutual respect, and shared purpose, rather than rigid top-down control.

The Bigger Picture: HR’s Role

Mercer’s global research highlights five key priorities for organizations:

  • Build diverse talent pipelines

  • Embrace flexible work models

  • Design compelling career paths

  • Simplify HR processes

  • Redefine the value HR brings

The challenge? Employers and employees often view these priorities differently. Bridging that perception gap is just as important as bridging the relational gap between leaders and staff.

Treat Employees Like Associates, Not Just Staff

When you treat employees like partners, they bring their best selves to work. HR leaders must develop strategies to keep talent engaged, empowered, and prepared for the future.

Organizational success starts with people, always. Build the relationship with your team first, and the results will follow.

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Entrepreneurs

What Makes an Entrepreneurial Leader? Traits of the World’s Best Innovators

Inside the mindset of entrepreneurial leaders who transform risk, passion, and vision into world-changing results.

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