Bob Norton Consulting August 2019

NortonAccountingServices.com 985-640-6072 Info@NortonAccountingServices.com AUGUST 2019 NORTON NEWSLETTER EASE OF MIND • AVAILABILITY • FLEXIBILITY • INDIVIDUAL APPROACH • EXPERIENCE • TAX SAVINGS OPPORTUNITIES THE REAL ESTATE TAX PRO ™

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THE MAGICAL PULL OF THE POOL

FROM THE DESK OF

Bob Norton

Many of you know that I read a lot of books. I get most of my book recommendations from mentors, friends, and other entrepreneurs. Recently, I attended a mastermind group and the book “The Black Swan”was mentioned. I purchased it and just finished reading it. Wow! This book is written by Nassim Nicholas Taleb, who built his career as a currency trader. Over time, he realized the statistical models used by most financial and economic experts are flawed. Their models ignore rare, critical events, which Taleb named “black swans.” His book discusses his observation and argues that mainstream forecasting methods are erroneous. You’ll have to read the book to find out why. His solution to reduce the risk of a black swan is to add redundancy to your life. Have multiple streams of income. Build large cash reserves earning moderate interest for unexpected events. Invest smaller portions of your wealth into opportunities with high payoffs. Don’t follow the crowd because they are listening to the guys who are wrong.

H ow to T ake the E xperience up a N otch

It’s no secret kids love water. When the summer heat waves peak, kids in bright bathing suits charge through sprinklers, shoot down hose-powered Slip N’ Slides, and take turns perfecting their cannonballs at the neighborhood pool. This affinity for water is particularly powerful when they’re small; the single word“pool”can inspire them to eat broccoli or even clean up their rooms. But what makes the water so alluring? Susan Brown, an assistant director and parent educator at Commonwealth Parenting, has a theory. “I like to think of children’s fingers as if there are little brains on the tip of each finger,” Brown wrote in an article for Community Idea Stations. “When these little brains get stimulated through play, neurons begin to fire. This firing of neurons excites the brain, causing it to grow bigger, stronger, and more facile, setting the brain up for higher levels of cognition. One of the simplest ways to provide sensory play is through water activities.” In other words, kids love water because splashing around in it is literally helping their brains grow. For busy parents, this is a blessing: Letting the kids loose at the pool under the eye of an experienced lifeguard can be an ideal way to keep the summer fun rolling for kids and adults alike. Follow the tips below to enrich the pool experience for your kids and get those neurons firing.

I highly recommend this book.

-Bob Norton

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