Bob Norton Consulting - February 2020

NortonAccountingServices.com 985-640-6072 Info@NortonAccountingServices.com FEBRUARY 2020 NORTON NEWSLETTER EASE OF MIND • AVAILABILITY • FLEXIBILITY • INDIVIDUAL APPROACH • EXPERIENCE • TAX SAVINGS OPPORTUNITIES THE REAL ESTATE TAX PRO ™

FROM THE DESK OF Bob Norton

For the past several years, I have attended a conference in Dallas around the time of Mardi Gras.

Flying in and out of the city during Mardi Gras season is a pain. We have people flying in for the event and locals flying out to escape the madness. I guess I’m one of those escaping the madness. When we first moved to New Orleans, we enjoyed going to the parades. We lived in the city at the time and not far from the parade routes. Then, we moved to Slidell and discovered that driving into and out of New Orleans for Mardi Gras weekend was also a pain. It wasn’t too many years until I considered the Mardi Gras weekend as a four-day weekend and stayed home. Now that I travel away from New Orleans during Mardi Gras, I find it amusing that the rest of the U.S. has no idea it’s Mardi Gras. They carry on like it’s just a normal day. They don’t understand that everything in SE Louisiana revolves around Mardi Gras and it’s the first date we identify on our calendars each year.

Growth mindset, the idea that achievement is due to hard work and effort and not just natural ability, is a hot concept these days. With an abundance of research from Carol Dweck and Angela Duckworth, science has a lot to tell us about how children learn and why teaching the value of effort is the most essential tool parents can give their children to succeed. Follow these three tips to raise your children to adopt growth mindsets. H ow M indset S hapes Y oung F utures DOYOUR KIDS KNOWABOUT GRIT? The No. 1 predictor of whether a child will have a growth mindset is whether or not their parents have growth mindsets. So much of what we do is learned by example, and that includes how we perceive our own ability to learn. Duckworth helped popularize growth mindset by assigning it a catchy sobriquet in her book “Grit: The Power of Passion and Perseverance.” She also developed a “Grit Scale” that measures how well you embody the trait. If you want to test your own growth mindset, take the free self-assessment at AngelaDuckworth.com/grit-scale. Knowing whether you tend to value hard work and learn from failure or rely more on natural ability to achieve results, also called a fixed mindset, can guide how you model a growth mindset for your children. BE A ROLE MODEL.

-Bob Norton

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