Open Your Network Savings Account

Bank

Much has been written about networking, its importance in advancing our careers, expanding horizons, and elevating our connection universe. Most are familiar with such networking opportunities as meetups, exchanging business cards at trade and social events and the granddaddy of them all – LinkedIn. But how many of us actually take advantage of all of these? And if we’re not, why not? As the saying goes, you reap what you sow, and that’s especially true when it comes to networking.

While you never know exactly where the network leads, it’s usually someplace helpful and productive. So let me suggest that you open up your Network Savings Account. Why Savings account? Think of it as an investment that pays dividends down the road. But unlike depositing cash, you just need to deposit your time that you spend working on building your network. Let me share my personal story of how networking paid dividends for me.

About a year ago, I moved to South Florida where I knew virtually no one. I was looking to take a step back from working with the company I was with, but didn’t want to completely retire. But one can only play so much golf. I was looking forward to doing what I wanted to do when I wanted to do it.

Consulting seemed like a good way to go. My LinkedIn connections exceed 2000 so I posted what I was looking to do. Shortly thereafter a number of consulting opportunities came my way along with an invitation to join a speaking group. I met with the inviter and he suggested I write a book to give me “street cred” for garnering speaking engagements. Not having a clue on how to go about doing that, he put me in touch with a publicist and I found an editor through Upwork. The publicist in turn has put me in touch with Money Inc and the rest, as they say, is history. Now my shameless book plug – “Don’t Be a Schmeckle” available on Amazon.

To further illustrate how even starting a small network can grow rapidly, I submit the “shrinking world theory,” also known as six degrees of separation. The theory is all living things and everything else in the world are six or fewer steps away from each other so that a chain of “a friend of a friend” statements can be made to connect any two people in a maximum of six steps. Numerous studies including those done by MIT, Columbia University and Microsoft have confirmed the theory as being accurate. When thought of in those terms, you can appreciate how small the world truly is.

So what are you waiting for? Start making those deposits in your network savings account and watch how quickly it can start paying dividends and lead to compounding when you reinvest your dividends while the quality of your contacts rises similar to a stock price increasing while your dividend adds more of that stock to your portfolio. Reinvest and it’s truly the gift that keeps on giving . . . and compounding.



Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NASCAR
The History of and Story Behind the NASCAR Logo
Pascal Soriot
10 Things You Didn’t Know About Pascal Soriot
Chipotle
The History and Story of the Chipotle Logo
Gucci
The History and Story Behind the Gucci Logo
Five Healthcare REITs You Might Consider Adding to Your Portfolio
REIT
Does a Renewable Energy REIT Exist?
REIT
Five REIT Trends to Pay Attention to in 2020
REIT
What Does “Adjusted Funds From Operations” Mean?
Princeton’s Farmers Market
The 20 Best Things to Do in Princeton, NJ for the First Timers
Newport Beach
A Traveler’s Guide to Hiking in Newport Beach, CA
Balboa Bay Resort
The 10 Best Places to Stay in Newport Beach
Lido Bottle Works
The 10 Best Places to Eat in Newport Beach, CA
Ferrari Mondia


The History and Evolution of the Ferrari Mondial
Ferrari Convertibles
The 20 Best Ferrari Convertibles Ever Made

Ferrari 360 Moderna
What to Look for in a Used Ferrari 360 Moderna
Ferrari Station Wagon
Is There Such A Thing As A Ferrari Station Wagon?
Breitling
Does Breitling Make a Smartwatch?
Breitling Navitimer
A Buyer’s Guide To Getting a Used Breitling Navitimer
The Five Best Breitling Crosswind Watches Money Can Buy
Breitling
The Five Best Diamond Breitling Watches Money Can Buy
Vince Neil
How Vince Neil Achieved a Net Worth of $50 Million
Seth Meyers
How Seth Meyers Achieved a Net Worth of $12 Million
Lil TJay
How Lil TJay Achieved a Net Worth of $600,000
Michael Blakey
How Michael Blakey Achieved a Net Worth of $60 Million