The Worst Things Money Can Buy

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As we rapidly advance through the holiday season, I'm wondering how the retail sales numbers for Black Friday will be this year. With our national debt at all-time highs and our economy in the midst of a recovery, one would think holiday sales figures would be stagnant year-over-year (yoy) or possibly face a steep decline. Unfortunately, that's rational thinking, and something the majority of today's shoppers do not have. Instead, the masses are amped to begin holiday shopping this year earlier than ever before with in-store Black Friday sales starting as soon as 5 pm on Thanksgiving Day.

Who needs quality time with the family when we can barrel down the crowded aisles of Walmart to take advantage of that discounted new flat screen television so many of us can't live without?

In my book, Welcome to the Big Leagues, I spend considerable time expanding on the topic of Economic Wellbeing to provide today's recent graduate or business world newbie with full awareness on how to build long-term wealth. My aim was to educate those with the brightest potential on the most critical money matters that enable success, and to do this through the use of compelling stories where each would resonate.

Mentioning just about everything today's predatory lender or marketer doesn't want the general public to know, I also explore the phenomena of how approximately 70 percent of people who had unexpectedly come into large sums of money ended up broke within seven years ... this includes celebrities, baseball players and other successful athletes. (Estimate provided by National Endowment for Financial Education).

It pains me to repeatedly hear former lottery winners state how winning the lottery was the worst thing to ever happen to them.

Winning the lottery wasn't the worst thing to happen, financial illiteracy was!

Building long-term financial wealth requires knowledge and discipline that many in this country just don't have. The disparity between the rich and poor widens almost exponentially during times of economic recovery for good reason. Those with strong money management skills are able to mitigate risk and capitalize on what others don't know or see.

I will not discuss what I teach in Welcome to the Big Leagues here, but will shed light on what I believe are some of the worst things that money can buy ...

A False Sense of Happiness: Shopping and spending money releases mood-lifting endorphins in the brain that create a short-term high which sometimes leads to addiction. If your need for instant gratification requires the help of VISA, take a few deep breaths and question the decision. A little willpower can go a long way in fighting temptation.

A False Sense of Hope: People will eagerly spend a significant amount of cash to purchase home exercise equipment like a treadmill with the belief that this will help them to achieve their weight-loss or health goals. Two months later, the treadmill turns into a pricey coat rack. You don't need to purchase a treadmill to meet your goals. Start by walking 10,000 steps outside each day for free. Prove that you'll make the commitment to exercise before making a big purchase.

A False Sense of Confidence: Too many people give in to the temptation of trying to sport a grand image or attempting to defy nature. The business rookie who has one good year on Wall Street and hurries to buy a Porsche 911 is just the tip of the iceberg when it comes to reasons why the repossessions of exotic cars continues to soar and nearly 77% of Americans face debt collectors.

In addition to the blindness caused by materialism, the American Society for Aesthetic Plastic Surgery Reports that Americans spent $12 Billion last year just to look marvelous.

Beauty lies in the eyes of the credit card holder.

The top five surgical procedures performed in 2013 were:
-Liposuction (363,912 procedures, up 16.3%)
-Breast augmentation (313,327 procedures, down 5.2%)
-Eyelid surgery (161,389 procedures, up 5.4%)
-Tummy tuck (160,077 procedures, up 2.3%)
-Nose surgery (147,966 procedures, up 2.9%)

More Time: In many cases money can buy you time. However, throwing money at most issues often masks problems and waste. Whether spending to delay a failing project at work, changing one's college major in the fourth or fifth year, or using one credit card to pay off another, having more time is not the answer. Unveil the root cause of the problem at hand and work smart to fix it. Do not procrastinate! Tomorrow has become the mystical land where 99% of all human productivity, motivation, and achievement is stored.

 

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"Carmine presents this treatise against the backdrop of professional baseball; it is a highly entertaining read, providing humor and insight to cement his points and advice. Welcome to the Big Leagues is not only a guide for the corporate neophyte, but a useful guide for evaluation at any level in one’s career. After 30 years in technology development, I have found that it brings clarity to events that have affected my own professional career. I strongly recommend the read."

Steve Menchen, Scientific Fellow, ThermoFisher Scientific

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2014-03-14T15:44:27+00:00

Steve Menchen, Scientific Fellow, ThermoFisher Scientific

"Carmine presents this treatise against the backdrop of professional baseball; it is a highly entertaining read, providing humor and insight to cement his points and advice. Welcome to the Big Leagues is not only a guide for the corporate neophyte, but a useful guide for evaluation at any level in one’s career. After 30 years in technology development, I have found Continue Reading

"Finally a 'manual' for true professionalism in today's corporate workplace. From my seat, I have witnessed far too many times a recurring theme: Rookies, newcomers, young employees all looking to go from A to Z without any stops in between. This book should be a mandatory read for all job applicants and veterans like us who could surely use a refresher. Carmine Del Sordi knocks it out of the park."

Todd Kauffmann, Senior VP, UBS Financial Services

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2014-03-14T16:05:40+00:00

Todd Kauffmann, Senior VP, UBS Financial Services

"Finally a 'manual' for true professionalism in today's corporate workplace. From my seat, I have witnessed far too many times a recurring theme: Rookies, newcomers, young employees all looking to go from A to Z without any stops in between. This book should be a mandatory read for all job applicants and veterans like us who could surely use a refresher. Carmine Continue Reading

"Very creative! Welcome to the Big Leagues is a unique thesis on how to make an impact on the corporate environment. Using baseball as the backdrop, the reader is able to easily absorb and remember the lessons, the author, Carmine Del Sordi, is conveying. Very few business books speak to both physical and mental wellbeing; which further makes it essential to read."

David Tu, President, DCL Inc

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2014-03-14T16:28:33+00:00

David Tu, President, DCL Inc

"Very creative! Welcome to the Big Leagues is a unique thesis on how to make an impact on the corporate environment. Using baseball as the backdrop, the reader is able to easily absorb and remember the lessons, the author, Carmine Del Sordi, is conveying. Very few business books speak to both physical and mental wellbeing; which further makes it essential Continue Reading

"Welcome to the Big Leagues offers inspiration, humor, and the much needed insights to overcome the barriers that exist in the business world. It is a very enjoyable read where the author shares his personal stories in a way to help others."

Sally Jenkins, VP Marketing, VMware

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2015-03-30T12:25:09+00:00

Sally Jenkins, VP Marketing, VMware

"Welcome to the Big Leagues offers inspiration, humor, and the much needed insights to overcome the barriers that exist in the business world. It is a very enjoyable read where the author shares his personal stories in a way to help others."

"Welcome to the Big Leagues is a very enjoyable read that’s packed with many insights on how to succeed in corporate America and life in general. I strongly recommend it for all new college graduates who are now ready to up their game."

Andrew Del Matto, CFO, Fortinet

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2014-03-14T15:40:11+00:00

Andrew Del Matto, CFO, Fortinet

"Welcome to the Big Leagues is a very enjoyable read that’s packed with many insights on how to succeed in corporate America and life in general. I strongly recommend it for all new college graduates who are now ready to up their game."

"Carmine identifies the critical components that are necessary to live, survive and succeed in the corporate world. He does so in a manner that parallels the world of baseball and adds a dash of humor along the way. He is right on the mark and hits home as I relate back to the early part of my career. The corporate world is a very competitive environment that can be loaded with stress, ill feelings towards others as well as being a very unhealthy place to be. It is only those who understand how to identify roadblocks and how to handle them who thrive in such settings. In his book, Carmine has done an excellent job in highlighting all of this and giving some great advice to the corporate rookie, but I will also say that it is a refreshing read for us veterans that have been through it. I found that I was very entertained and recommend it to all."

Peter Gebert, VP Finance, Mannkind Corp

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2014-03-14T15:37:11+00:00

Peter Gebert, VP Finance, Mannkind Corp

"Carmine identifies the critical components that are necessary to live, survive and succeed in the corporate world. He does so in a manner that parallels the world of baseball and adds a dash of humor along the way."

"Every business rookie and professional will recognize themselves somewhere in Welcome to the Big Leagues, as it presents thought provoking stories and solutions to the challenges we face in our daily lives. Del Sordi creates a powerful tool that helps readers to align actions with who they want to be and where they want to go in life."

Jack Morgenstern, Global Head, Wipro Technologies

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2014-03-26T20:17:43+00:00

Jack Morgenstern, Global Head, Wipro Technologies

"Every business rookie and professional will recognize themselves somewhere in Welcome to the Big Leagues, as it presents thought provoking stories and solutions to the challenges we face in our daily lives. Del Sordi creates a powerful tool that helps readers to align actions with who they want to be and where they want to go in life."

"Welcome to the Big Leagues embodies Carmine's passion and commitment towards achieving greatness. The valuable tips and concepts apply throughout all industries and business sectors. With three corporate rookies of my own, I bought each a copy."

David Laverty, COO, Nixon Inc

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
5.0
2014-03-14T16:03:36+00:00

David Laverty, COO, Nixon Inc

"Welcome to the Big Leagues embodies Carmine's passion and commitment towards achieving greatness. The valuable tips and concepts apply throughout all industries and business sectors. With three corporate rookies of my own, I bought each a copy."

"In the business world, greatness only comes to those who consistently perform at peak levels and work hard to raise the bar from there. Welcome to the Big Leagues is a profound guide; packed with essential tips and powerful stories to coach rookies on how to achieve all-star performance, while getting the most out of career and life."

Luigi Sciabarrasi, Senior VP, DTZ

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
5.0
2014-03-14T16:08:32+00:00

Luigi Sciabarrasi, Senior VP, DTZ

"In the business world, greatness only comes to those who consistently perform at peak levels and work hard to raise the bar from there. Welcome to the Big Leagues is a profound guide; packed with essential tips and powerful stories to coach rookies on how to achieve all-star performance, while getting the most out of career and life."

"I've read Welcome to the Big Leagues twice and found it to be just like watching a movie, where you pick up more the second time around. This book is very powerful and packed with real world advice that college students, graduates, and millennials will all benefit from."

Spencer Hughes, Radio Host, The Spencer Hughes Show

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2014-09-25T07:10:06+00:00

Spencer Hughes, Radio Host, The Spencer Hughes Show

"I've read Welcome to the Big Leagues twice and found it to be just like watching a movie, where you pick up more the second time around. This book is very powerful and packed with real world advice that college students, graduates, and millennials will all benefit from."

"The corporate rookie of today could benefit from additional support, as the demanding and competitive business landscape has become less forgiving of mistakes and poor decisions. Welcome to the Big Leagues emphasizes the importance of actively managing a host of critical success factors like the ability to drive results, strong collaboration and fiscal responsibility. It provides readers with the much needed edge on how to succeed."

Bettina Koblick, CHRO, Symantec

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2014-03-14T15:43:04+00:00

Bettina Koblick, CHRO, Symantec

"The corporate rookie of today could benefit from additional support, as the demanding and competitive business landscape has become less forgiving of mistakes and poor decisions. Welcome to the Big Leagues emphasizes the importance of actively managing a host of critical success factors like the ability to drive results, strong collaboration and fiscal responsibility. It provides readers with the much needed Continue Reading

"As a manager and mentor of recent college graduates throughout my whole career, I have finally found a guide book to recommend to those that want to succeed. Welcome to the Big Leagues gives straight-forward advice to new entrants to the maze that is corporate America. Passionate, practical and with a purpose!"

Jeanne Phares, VP, Group Controller, Macerich

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
5.0
2014-03-14T16:10:18+00:00

Jeanne Phares, VP, Group Controller, Macerich

"As a manager and mentor of recent college graduates throughout my whole career, I have finally found a guide book to recommend to those that want to succeed. Welcome to the Big Leagues gives straight-forward advice to new entrants to the maze that is corporate America. Passionate, practical and with a purpose!"

"Welcome to the Big Leagues does a very good job of guiding the corporate rookie through the minefield of joining corporate America and providing a path to a successful career. Having played the game for close to 40 years; which included owning the roles of coach and mentor, I highly recommend this book for rookies and veterans alike."

John Sorci Jr., VP Global Operations, Symantec

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
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2014-09-24T16:00:37+00:00

John Sorci Jr., VP Global Operations, Symantec

"Welcome to the Big Leagues does a very good job of guiding the corporate rookie through the minefield of joining corporate America and providing a path to a successful career. Having played the game for close to 40 years; which included owning the roles of coach and mentor, I highly recommend this book for rookies and veterans alike."

"A positive wake-up call to remind us on how to do things right again. Welcome to the Big Leagues logically details the methodologies needed for building a blue print towards success. I wish I had this when I was entering the working world after my undergraduate degree. Every college graduate with the aspiration of performing at full potential should read this book."

Jay Kaufman, VP Marketing & Strategy, Annai Systems

Welcome to the Big Leagues: Nine Innings of Essential Tips for the Corporate Rookie
5.0
2014-03-26T20:14:08+00:00

Jay Kaufman, VP Marketing & Strategy, Annai Systems

"A positive wake-up call to remind us on how to do things right again. Welcome to the Big Leagues logically details the methodologies needed for building a blue print towards success. I wish I had this when I was entering the working world after my undergraduate degree. Every college graduate with the aspiration of performing at full potential should read Continue Reading
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4 Responses

  1. Great post Carmine, the psychology of shopping is always an interesting one. I remember as a kid a movie called Spend Spend Spend. It was about somebody who had won the lottery and blown through the hundreds of thousands only to end back where she started. Thanks for sharing Andy
  2. I agree with your statement, "Winning the lottery wasn't the worst thing to happen, financial illiteracy was!" So many who win the lottery have never been taught how to use an abundance of money. For so many of us, it's a hand-to-mouth or paycheque-to-paycheque existence. If you don't have any extra, how would you know how to use it wisely? I would add that many people don't believe they deserve such abundance, and when it lands in their lap, they don't know what to do with it. They've never thought ahead and planned positive steps of action.
  3. Such sound advice, Carmine, so much unhappiness due to financial illiteracy... society should take good care of that - it would reduce the rate of the crimes of all sorts. Thanks for this!!
  4. machnolee
    You're a gifted and insightful writer. I am a personal injury attorney, which means that a big settlement or verdict means that someone who probably is not used to having money now has more than they know what to do with. Because we recognize that so many people in that situation blow through the money, we always try to hook them up with a financial planner with the hope that they'll be able to become financially literate enough to make their money last.

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