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The Soul of Money
October 29, 2020
I suggest that if you are willing to let go, let go of the chase to acquire or accumulate always more and let go of that way of perceiving the world, then you can take all that energy and attention and invest it in what you have. When you do that you will find unimagined treasures.
-Lynne Twist
-Lynne Twist
In her book, The Soul of Money: Transforming Your Relationship With Money and Life, author Lynne Twist encourages people to develop a new relationship to managing money. She explains: “Money is like water. It can be a conduit for commitment, a currency of love. Money moving in the direction of our highest commitments nourishes our world and ourselves.”
Especially now, in this time of global uncertainty, early childhood leaders are being called on to become clear about their relationship with money.
“Directors of child care centers must be as effective at managing money as they are at caring for children,” Roger Neugebauer wrote in the book, Managing Money in Early Childhood Organizations, part of the Art of Leadership series. These words are perhaps more true today than when they were written before the pandemic.
And in the Exchange Essentials article collection, “The Business of ECE Finance,” Kathy Ligon writes about one important aspect of money management:
“Collecting payments from parents is vital to maintaining the financial health of an education business and in effectively managing cash resources...Careful consideration in creating healthy policies is critical...and most important in the daily management of practices and processes that minimize collection issues. When done right, proper accounts receivable management allows ...managers the time to do what they love — care for and educate children!”
Managing Money in Early Childhood Organizations to get 10% off Managing Money |
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Comments (2)
Displaying All 2 CommentsLincoln, NE, United States
Karen,
I loved reading your comment! Money is such a touchy subject but an important aspect to discuss. I look forward to exploring your new book!
Tiffany from Exchange Press
ChildCareDirector.com
Shelburne, NS, Canada
Thank you for continuing the discussion of MONEY in the early childhood field through today's post on "The Soul of Money" . In my October 7 webinar "Raise Wages, Enrichment and Hope: Align Your Mission and Financial Model" we brought the five letter word "Money" right into the open! 2000 of us even said it out-loud, online together! I also shared an experience from our World Forum 2019 presentation on funding models where a session participant came immediately to me to thank me for bringing up money, sharing her observation that our field is so often afraid to do so! Joining with Roger's book and Kathy Ligon's article, my new book "It's More About Strategy Than Math: Childcare Business Financial Success" has just launched to bring 36 financial success strategies to early childhood directors. We talk about money in emphasizing that people are accustomed to paying for quality products and services and encouraging our field to become comfortable with the fact that every program and business needs solid funding to support its mission! In creating a positive mindset of building a solid financial foundation for quality, we re-imagine our relationship with money! As we note so often in 2020, more important now than ever! Thanks for bringing up MONEY!!
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