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" ... 2. Money is a tool, not a scorecard: My grandfather once told me “I’ve been fortunate that I never had to worry about money. If I needed something, I bought it. If I wanted to go on vacation, I went. If family needed money, I was able to give it to them.” Since he was objectively not a rich man, his musing recalled the phrase from Pirkei Avot, a compilation of Jewish ethical teachings, which states “Who is rich? He who is happy with his lot.” In short, he lived within his means and was very satisfied with what he had. ... "
" ... Cadin sits on the newly formed Forbes/SHOOK Research FSP Leadership Advisory Board, a group of industry executives assembled to help SHOOK identify the best financial security professionals, and guide this major industry and very public initiative. The idea is to raise industry professionalism by providing consumers with a published scorecard that can be used to evaluate FSPs. ... "
" ... Here's an example of how we've seen this play out in my current role. We have more than 150 suppliers and started our program with a median score of 700. Within a year after implementing a scorecard and a partner engagement strategy, our suppliers have been at a median score of 740 for the past three months, with only three suppliers that are outside our requirements. This 40-point jump across our collective supplier base is significant. This not only benefits us, but also our clients. ... "
" ... To tally points, use this scorecard for each answer: ... "