7 Tips for Success from Mark Cuban (EXCLUSIVE)

7 Tips for Success from Mark Cuban (EXCLUSIVE)

Q & A

1. When you look back at your life, what are two leadership traits that have served you well?

Mark Cuban: I think caring about people and curiousity, always trying to learn more to be better

2. What should young adults look for, when deciding on a career?

MC: I don’t think they need to find careers.  I think they need to find a job and start learning and see where it takes you. I think that everyone should be a free agent, always looking for a way to put themselves in a better situation. If you end up with the same company for 30 years that’s great. But it’s not a necessity

3. When deciding who to work or partner with, what are some nonnegotiable’s for you?

MC: Being nice. Being inclusive.  Being knowledgeable. Loving your product so much you are the best salesperson for it

4. You are a man of conviction and character, why is maintaining that important to you?

MC: It’s so much easier when you do the right thing

5. What advice, do you give young investors who want to start investing? What should they look for?

MC: Pay off your credit cards.  They suck your savings dry. Save enough to be able to live off of for at least 6 months first.  Things go wrong. You want to have that rainy day money available. Then find a low cost SPX mutual fund and take a percent of your salary and invest it every month and then forget it’s there.  The longer you can go without touching it, the richer you will be

6. What advice, would you give younger Mark Cuban?

MC: Don’t screw it up. It turns out pretty good 🙂

7. How important is your faith?

MC: I try to never take this life for granted.  It’s a gift and I try to enjoy it with my family every single day

’Tis the Season to Be Laid Off

The holiday season is a special time of peace, joy, goodwill toward others, and … job cuts.

Just scan the headlines of companies announcing layoffs.

It wasn’t always this way. But even before the pandemic, companies had become less gun shy about blasting employees around Christmastime. Shedding jobs in the fourth quarter of the fiscal year helps companies to balance their books and start fresh in January. For the jobless, it can make for a wrenching cheerless holiday. Meanwhile, those on the employment bubble are left thanking their lucky stars, that is, until the next round of cuts.

Heartless or just business?

Actually it’s both. The motive is certainly not about “Joy to the world, the Lord is come.” This is why, ironically, losing your job during the holidays may be the best gift for you.

How do I know? It happened it me.

One November, a few years back, my supervisor called me into his office as if nothing was wrong, told me that my services were no longer needed and handed me a manila folder. This was just six months after I had joined the well-known company, relocated my family (with two teens in high school), and bought a home. As devout and God-fearing as I would like to think I am, I didn’t feel very spiritual at that moment. But the scripture is true: “What man means for evil, God can turn to good” (Gen. 5:20). I eventually chose to join God’s plan to use that dark moment to refocus me on faith, family, and a brighter future.

I got fired up.

How did it happen? My book, Fired Up, explains the four steps:

1. Talk About It. I immediately told friends and family what happened, instead of wallowing in shame.

2. Pray About It. Through daily prayer I reflected on my past accomplishments, which inspired and helped me plan my next career move.

3.  Feel It. I embraced my emotions, but managed them. When anger raged and I felt like hurting the guy and cursing the company’s owner for the cowardly classless way they fired me, I let it flow. I also took a kickboxing class as an outlet to kick and punch out anger.

4. Forgive. These first three steps helped me to learn from the situation and reject the bitter feeling of wanting harm to come upon my ex-supervisor and the company’s owner. They weren’t thinking about me, and so I was cheating my family and myself by ruminating about them. I refocused on “Me Inc.”

Job cuts come with the territory. Especially if you’re an at-will employee (and not under contract), you can be slashed at any moment. For those who have gotten the ax, wanting to return the favor to your former boss is a waste of time and energy.  The appropriate F-word is “forgive,” so that you can move up to what God has prepared for you.

As I mentioned, employers want to start fresh after the New Year, so December and January are actually good times to find your next job, if that’s what you want. Maybe God wants you to start that business he placed into your heart! Either way, stay focused, keep your head up and put your feet to the pavement. For those who are dealing with a jobless loved one or spouse, particularly a male, here’s some advice to help them press on:

1. If you’re married, encourage your spouse. The Bible teaches that women have the power “to build up” or “pull down” their homes (Prov. 14:1). Wise women understand “death and life is in the power of the tongue.” (Prov. 18:21). The guy is already feeling inadequate as a breadwinner. Instead of tossing more dirt on his fragile ego, show that you’re in the trenches with him. Likewise, men must encourage their wives through a job loss and love her sacrificially (Eph. 5:25-27).

2. If you have children, include them in the recovery process. Together, tell the kids what’s going on. Too often we shield children from bad news because we don’t want them to be disappointed. Forget that. It’s a disservice to them. Children need to learn how to handle hard times because they will become adults who will have to handle hard times. So, there won’t be any expensive Christmas gifts under the tree this year? Tell them why and that the holiday is about Jesus the giver not Santa the credit card debt creator. They’ll survive, and you will too.

3. Cut expenses and eliminate debt. Most of the economic pundits claim that America must spend its way out of the recession for jobs to return. Guess what? Those old jobs that required obsolete skills aren’t coming back. The banks — especially the ones that were bailed out by our tax dollars — are cutting expenses, investing and reaping huge profits. Do the same.

4. Pray together. Job losses often trigger divorces. God allows us to face challenges so that we can shed the excesses and distractions of daily life in order to refocus on Him — the source of our increase. Losing income is a wakeup call to recognizing who your Provider truly is.

It hasn’t been easy, but these God-directed steps worked for my family and me. None of us have been hungry or without shelter. I moved on to better employment. I have my own radio show. I’m pursuing a doctorate. My book and consulting business are doing well. (These things likely would not have happened had I remained in that old position.) Our two teens are in college. My wife and I remain on the journey.

Losing your job is never easy, but it’s not a death sentence. What you do afterward is an opportunity to grow in your relationship with God and think more creatively about the days ahead.

The Christmas season is about faith, family, and future. Don’t let a job loss — a painful but temporary thing — take your focus off of what really matters.

The Single Parent Trap

The Single Parent Trap

As a single mother of two boys, we have serious work to do in the Black community and there are some very deep wounds festering among us. I sense hurt, resignation, resentment, anger, confusion, and emotional fatigue.

Though we may disagree on root causes and solutions, I believe there’s one thing we should all be able to admit: single parenting and the attendant and antecedent dynamics are longstanding and complex, especially as they relate to relational issues between Black men and women. I certainly don’t pretend to have all the answers, but I do think I have at least some level of understanding of these issues, and a degree of empathy for both sides. So in that spirit I offer some words to us all.

It’s futile to attempt to dialogue on the issue of single mothers, their children, and the men who fathered those children, without speaking truth into the situation. So from that point I begin.

Some Hard Truths

1. Strictly speaking, mothers are not fathers. This is true whether the parents are married and raising a child together, or separated. The truth of this statement lies not only in function, but in form. To insist that somehow mothers can be fathers is to ignore some very basic realities.

Fatherhood, like motherhood, originates and is defined not just by what a parent does, but also by who the parent is. So then, gender is a foundational underpinning of parenthood. Men are fathers; women are mothers. Acknowledging this truth in no way minimizes or detracts from the unavoidable reality that there are some women who do things that we would traditionally associate with a male role in a child’s life, just as there are some men who perform some of the actions associated with a female role.

But there’s more to parenthood roles than what we do; indeed what we do, and how we do it, is bound to be influenced by who we are. For example, I can teach my son to shave or tie a tie. I can show him a razor, explain how to put the shaving cream on his face, what to do if he nicks himself, etc. I can cover all the technicalities of the process. His father can explain those same things to him, using exactly the same words I use. But it’s not just about the mechanical process; it’s equally about the nuances that come out while father and son are going through this ritual. His father can tell him about the first time he shaved, who helped him learn how to do it, how it feels to get razor bumps. As a man, his father can help our son identify as a man who now does things that other men do. These are things that as a woman, and by virtue of the fact that I am a woman, I simply cannot do. We desperately need to come to terms with this because as long as we resist this truth, we perpetuate a number of undesirable consequences. These are just a few of those consequences:

• We short-circuit the identity formation and development of our children. It’s important for kids to understand how men and women function differently in families and in society.

• We potentially rob fathers of the opportunity to fully grow and develop in their role. Sometimes all a man needs to step up is for the mother to step back … even just a bit will often be enough.

• As women, we overtax ourselves trying to fill roles we weren’t designed to operate in. If we are indeed the only parent in our child’s life, then of course there are actions we must do. But we can do them while acknowledging that as a woman, there will be something missing because we are not a man.

• Sometimes people and resources that could fill some gaps in our child’s life go untapped because we believe that we are indeed mother and father. Simply put, we don’t look for what we feel we haven’t lost.

2. Mothers and fathers both need to determine if they’re really putting the needs of their children first. I know this one is challenging. So much hurt and pain often passes between parents that our emotional baggage piles up on our sons and daughters, and we often don’t realize what’s happening. When fathers are absent or uninvolved, it causes an incredible strain on everyone involved, including grandparents, siblings, and other extended family members.

But the strain is equally damaging when mothers are hostile, resistant, or overstressed. Let’s commit to being better parents. We must ask ourselves some tough questions, for example:

• Am I willing to let the other parent perform his/her role in the way he/she wants to and is able to? Or do I insist that my child’s father/mother parent like I do?

• Do I pray for my child’s mother/father, that they will be the parent my child needs? Or have I made it difficult to pray because I have unresolved issues that I can’t let go of?

• Do I consistently support the other parent’s efforts, no matter how small I think they are? Or do I instead focus on what I believe the other parent leaves undone?

• Do I make every reasonable effort to overcome obstacles that challenge me as I try to be a good parent? Or am I making excuses for why I’m not taking care of business?

• Do I accept constructive criticism and feedback from the other parent on how I could make our relationship and interactions as parents healthier, and then work diligently, and without resentment, to address those issues? Or am I more interested in being right and winning arguments?

• Do I have a martyr complex? Do I find reasons to refuse help so that my child will see me as the better, more committed parent, and therefore shower more love on me? Or am I actively seeking the other parent’s input and suggestions with a true intention to work with him/her?

Pray, Think, Talk

There are, of course, many more questions that will give us insight on the position of our hearts. But the ones shared here can at least get us started on a road that leads to more transparent, effective parenting. In a future column, I’ll outline some additional ideas to keep the conversation going.

So, what do you think?

Do me a favor. Read this article all the way through, and then put it aside for 24 hours. During that time, pray about what you’ve read and how you feel about it. Ask the Lord to give you insight on what applies to you and what He wants you to do about it. Then read the article again. Please share your thoughts by commenting at any point in this process.

I love our community and I’m praying for us all.

Tales from Freshman Year

Are you a freshman in high school? What were your assumptions about high school before you got there? Were you afraid? Nervous? Excited? What have you discovered since the start of the school year? What kinds of things are helping you to adjust?

Whatever your responses to the questions above, I bet you can still use some advice from upperclassmen who have been in your shoes. Inteen and UrbanFaith recently assembled a diverse group of veteran high school students and asked them to share their memories of freshman year and their advice to new high-schoolers on how to navigate that all-important first year.

Take a look at this video and see what this group of high school students had to say about their experience during their first year of high school. Then let us know what you think in the comments section below.

If I Were a Rich White Man

Gene Marks has rocketed to the top of the notoriety heap with his recent Forbes.com article, “If I Were a Poor Black Kid,” in which he attempts to offer bootstrap advice to young inner-city minorities. “I would read a lot of books,” and so on. One of my favorites is “I would use Skype to study with other students who also want to do well in school.” Though Mr. Marks appears somewhat clueless and almost refreshingly naïve in his piece — and apparently so controversial that one of Forbes’ own staff writers has questioned Marks’ journalistic motives — I appreciate the fact that he has, however awkwardly, started a conversation about an important issue in today’s society. No, not the disenfranchisement of America’s underclass, or even the gaps in technological access and opportunity inherent in today’s educational system. No, the issue to which I refer is the rampant underachievement of Rich White Men.

Rich White Men are failing left and right to realize the promise of the opportunities that are afforded them in today’s world. Why should they have to suffer? Sure, it will take some hard work and a little luck, but there is no reason why Mr. Marks and his friends can’t reach their full potential one day.

If I were a Rich White Man, I’d start by making sure I got into a good college. I’d prefer Harvard, of course, but I’d settle for Yale. I suppose it would depend on where others in my family had attended. I’m sure it’s totally based on merit, but if my father had graduated Yale, I think I can make a pretty good case of why I should be a Yalie. While in college I wouldn’t spend too much of my energy and time studying, I would instead concentrate on making the right connections and laying the proper groundwork for my future endeavors. After all, it’s often not what you know but who you know.

I would use those connections to avoid the pitfalls and roadblocks that could easily derail me. Is an unpopular war going on? I would by all means necessary avoid the actual battleground and would prefer to serve my country by joining the National Guard. I would be sure to take lots of pictures while in uniform, as these will definitely come in handy in the future. I’d make every effort to become a pilot, because people tend to view pilots as heroic and smart. I’d also technically be able to say that I was a pilot during the war, even though the closest I’d ever been to the actual war would have been a postcard. Actual warfare is for poor people anyway.

I would get involved with the business world as much as I could. I would find some money somewhere (perhaps some small inheritance from a distant relative) and buy an oil field, or maybe a sports team. It’s not important that these businesses succeed, only that I establish myself as someone who is good at “making things happen.” I’d use my influential friends to help me run for some political office — maybe senator or governor. Who knows? Perhaps I’d even try for the White House.

As a C.E.O., I’d take advantage of all the generous tax breaks offered to me to keep my company from relocating to another town or state or country. After all, the jobs I’d provide will be essential to the economy, so the government will owe me at least that much. I’d also be sensitive to the needs of my stockholders, since they are people too. If restructuring my workforce becomes necessary in order to enhance the return on their investment, I’d put my own self-interest aside and act on their concerns. And during times of economic downturn, like we’re facing now, I’d even be willing to sacrifice a few million from my $10 million annual bonus.

At age 55, I’d retire to my ranch, secure in the knowledge that I’ve fulfilled the promise of the opportunities afforded to me, and that the blame for any mistakes I may have made will be left with my successor. “Passing the buck” is, after all, one of the more important strategies in the Rich White Man arsenal.

So that’s what I’d do if I were a Rich White Man. I’m kind of at a loss to explain why ALL Rich White Men are not attempting to go down this path. To quote Mr. Marks, “the opportunity is still there in this country for those who are smart enough to go for it.” Maybe they’re just lazy.