Lifetime Book Club: Start With Why by Simon Sinek
Welcome to the Lifetime Book Club! This month, we’re exploring an inspiring read for anyone who’s passionate about purpose - Start With Why by Simon Sinek. Whether you’re leading a team, running a business, or just trying to find direction in life, this book is a powerful reminder of the impact of knowing your "why."
Why We Love It
Sinek's straightforward yet profound message is that clarity of purpose is the foundation of success. Start With Why explores the patterns of great leaders and organisations, showing how a strong sense of "why" can inspire trust, loyalty, and meaningful action. It’s a powerful framework for anyone looking to lead or live with more intention.
The Golden Circle - Sinek’s concept of "Why, How, and What" - is simple yet transformative. It encourages readers to think differently about what drives decision-making, helping to cut through noise and focus on what truly matters.
We also love how Sinek weaves real-world examples throughout the book. Stories like Apple’s innovation and Martin Luther King Jr.'s leadership bring the concepts to life, making the lessons memorable and practical.
It’s not just for business leaders. Start With Why resonates with anyone - from parents to entrepreneurs - looking to inspire others or stay motivated themselves. The book’s universal appeal makes it a must-read.
Key Takeaways
1. The Golden Circle: At the heart of Sinek's philosophy is the Golden Circle - three concentric rings representing "Why," "How," and "What." He argues that the best leaders and organisations start with their "why," then determine the "how" and "what." This mirrors our approach at Lifetime, where understanding your goals (your "why") is the starting point for building a personalised financial plan.
2. Inspire, Don’t Manipulate: Sinek highlights the difference between short-term tactics, like promotions and fear, and long-term inspiration. True loyalty comes from leading with a vision and purpose. We embrace this ethos by empowering our clients with knowledge and strategies that inspire confidence and build trust over time.
3. The Role of Trust: Great relationships - whether personal, professional, or financial - are built on trust. Sinek explains how being clear about your values and consistent in your actions creates the foundation for trust. At Lifetime, this is central to everything we do, ensuring our advice aligns with your goals and priorities.
4. Lead with Authenticity: Sinek uses real-world examples, like Apple and Martin Luther King Jr., to show how authentic leadership resonates deeply with people. This approach ties into our commitment to being genuine and grounded in our communication and advice.
5. Purpose Fuels Resilience: When challenges arise, having a clear "why" provides the motivation to push through. This is a lesson we frequently share with clients as they navigate the ups and downs of their financial journeys.
Why You Should Read It
Start With Why isn’t just for leaders - it’s for anyone who wants to live with intention and make meaningful choices. The ideas in this book can reshape how you approach challenges, connect with others, and drive positive change in every area of your life. Whether you’re rethinking your career, building a business, or even setting personal goals, Sinek’s insights will leave you feeling energised and inspired to take action.
At Lifetime, we’re all about empowering you to make decisions that feel right for you - with purpose and clarity. So grab a copy, dive in, and let the power of "why" transform how you see the world.
Win a Copy:
To help our clients on their journey to greater financial certainty, we’re giving away a copy of Start With Why by Simon Sinek! This inspiring read is perfect for anyone looking to refocus, set clear goals, and take confident steps toward success. Click here to enter.
Financial Planning: Mapping Out Your Financial Goals
When was the last time you sat down and not only set some goals, but mapped out the best way to ensure they are achieved? Goal modelling is more than just financial planning - it’s a roadmap to achieving what truly matters to you. It’s getting answers on what you could be achieving in life, and the best way to get there.
At Lifetime, we go beyond just the numbers to understand your life stages, your aspirations and your personal values.
Market & Portfolio Update – October 2024
The Reserve Bank of New Zealand reduced the Official Cash Rate from 5.25% to 4.75% in October. While an interest rate cut was widely expected, the extent of the cut was being debated leading up to the announcement. The Reserve Bank felt inflation was comfortably converging to the midpoint of their 1-3% inflation target and decided on a 0.50% interest rate cut. The market was relatively pleased with the size of this cut, helping the NZX50 finish the month up a modest +1.7%.