2 of 3 Series: Assets & Liabilities (Wealth Building)

by C. Henry Adams

According to Investopedia,  asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations.  https://www.investopedia.com/terms/a/asset.asp

Furthermore, Investopedia define the term liability as a company's legal financial debts or obligations that arise during the course of business operations.  https://www.investopedia.com/terms/l/liability.asp

I recall hearing a very good,  Big Brother Mentor make a profound statement. He said,  " You are either an Asset to someone or a liability.  Once you become liable, your services are no longer useful. "   Dannie James, Sr.

Warning:  This statement could perhaps be interpret in multiple ways.  But, for the purpose of this blog, let's identify a company or organization as a whole being either an Asset or Liability.

Nevertheless, when one recalls the above quote; a flurry of thoughts trickle down within my mind.

These terms & phrases appear as such below:

• Ethics
• Ethical Practices
• Best Practices ( BP )
• Integrity
• Speaking or addressing an issue in a professional forthright tone
• Utilizing Tact
• Utilizing the three F's technique. ( Feel, Felt & Found)

Ethics & Ethical Practices is having knowledge of the right thing to do while being proactive to resolving incidents or situations to say the least.

An organization utilizing ' Best Practices '  ,whereas, regulations, rules, laws or guidelines are implemented regularly, should consider this a high priority.

Integrity should be attributed throughout a company's BP.  Perhaps, a Company's Spokesperson should always speak or address an issue in a professional forthright tone.

Often times, emotional circumstances could elicit behavior unbecoming; utilizing tact is imperative.

Finally, pro-activity helps prepare an establishment for the unexpected.  Utilizing the three F's technique ( Feel, Felt & Found) when conceivably available to resolve an issue; helps
builds business relationships.

Please understanding that wealth encompass many more things, then shared in these three (3) blogs:

• 1 of 3 Series:  Teaming Arrangement Strategy  (Wealth Building)
• 2 of 3 Series:  Assets & Liabilities (Wealth Building)
• 3 of 3 Series : A Wise Dividend Growth Investor (Wealth Building)

Thanks!


C. Henry Adams
Benefits Advisor
Aflac
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021
bienminc@gmail.com
CHA Linkedin 
(404) 254-7187

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1 of 3 Series: Teaming Arrangement Strategy (Wealth Building)

by C. Henry Adams

Imagine (5) five companies working together to provide solutions for a common client or clients.

Based off the foremost need or needs, one of the companies serve as the Primary Provider of the Contractors for a particular customer. The purchaser is either a multi-million dollar or multi-billion dollar buyer.

W2 or W-2 in the above illustration is identified in the United States as a Internal Revenue Service Tax Form that employers utilize to report taxes withheld from employees.   Thus, we are recognizing a business that provides these forms while legally reporting taxes taken to submit to the US Federal Government.

1099 or Form 1099 in the above illustration is identified in the United States as an Internal Revenue Service Tax Form that companies provide independent contractors with to report the various types of income they may receive throughout the year.  Note: There are a number of different 1099 forms, but our focus point here is on independent contractors.

Can a business contract as an  independent contractor with another business?   Answer:  Yes

A Teaming Arrangement (TA) is also a Contractor Team Arrangement (CTA) which two or more organizations come together to provide a total solution to meet a particular customer's needs.

Thus, the model mentioned above recognizes an organizational structure that could be conceived as a TA or CTA.  Please understand that wealth encompass many more things than mentioned.

• 1 of 3 Series:  Teaming Arrangement Strategy  (Wealth Building)
• 2 of 3 Series:  Assets & Liabilities (Wealth Building)
• 3 of 3 Series : A Wise Dividend Growth Investor (Wealth Building)

Thanks!


C. Henry Adams
Benefits Advisor
Aflac
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021
bienminc@gmail.com
CHA Linkedin 
(404) 254-7187

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Define Benefit

by C. Henry Adams

According to a particular dictionary found on the Internet,
'Benefit' is define as an advantage or profit gained from something.

Would not you want to gain something or a financial profit for years yet to come?

So, what must you do to gain something or possess a financial profit for possibly decades?

The simple answer is in bullet points below:

1) Make up within your mind by establishing the firm thought to prosper.
2) Plan the journey to gain something or possess financial profit, then simply implement it.
3) Focus on this venture.
4) Identify various legal & moral ways to gaining more stability.
5) Prepare to enhance oneself, as well as, others involved in the undertaking while being available to learn, adapt and overcome obstacles to success each new day.
6) Share while giving during the development or enhancement of your ' soft skills or people skills '.
7) Repeat 1 through 6 to improve your future outcomes.

Thanks!


C. Henry Adams
Benefits Advisor
Aflac
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021
bienminc@gmail.com
CHA Linkedin 
(404) 254-7187

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Are You of an Eagle, Owl, Parrot or Dove Character?

                                          Dr. Roger W. Garret in Downtown Atlanta


by C. Henry Adams


I can hear someone say, " C. Henry Adams, what does the ' Species of Birds '  got to do with my character!? " (Possibly an Owl).

In my reply, I would state, that it is an effort to help develop your "Soft Skills or People Skills".

To expound, to the best of my ability; allow me to tell you a very short story.

Recently, I had the opportunity to sat in a fortune 500 Company's training session, whereas, I heard the lecture of Dr. Roger W. Garret.

Dr Garret is a professor at Georgia State University that developed a Behavior Assessment System design to teach individuals, as well as, professionals a better way to approach people in life, quite simply stated.

He wrote the book, ' Who Moved My KEYS? '

In a recent blog article, I alluded to a plethora of wealth through wisdom by simply keeping Family & Friends in your life.   Dr. Garret's teachings helps one to make assessments while developing this well being.

Purchase Book here:  https://shorturl.at/lortH


Thanks!

C. Henry Adams
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021

Purchase Book here:  https://shorturl.at/lortH

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The Definition of Wealth According to Marion Lewis Adams, Sr.

by C. Henry Adams


Roughly 24 years ago in June of 1995, my former Soulmate (Former Wife) & I  visited my parents who once lived in the Community of Collier Heights; within a little known subdivision called, ' Kevin Heights ' - located off of Tribble Lane & Linkwood Road; Northwest Atlanta, Georgia.

This particular visit was unique in many ways, fore, it would be the last time that I would see my Father alive, speak with or even do the rarest of things with him - hug.

This particular visit was also where a Father presented his youngest son, one of the greatest gifts that he could ever part with as a result of the fruits of his labors.

Therefore, to be blessed time and time again, knowingly or unknowingly; it is my humble desire to share that very gift with you the reader.

To do so, allow me to finish telling this true story to the best of my knowledge.

I sat down with Marion Lewis Adams, Sr. and I told him, " Daddy, I just came by to thank you and Momma for everything that you all have done for me and I love you.

During the course of the conversation with him, he told me the greatest secret of wealth that could be beneficial to all that listen while learning from it for decades to come.

He said, " Close your mouth and open your ears.  I'm going to tell you the definition of wealth."

Then, he said, " Wealth is not the amount of money you keep in your pockets or possess. But, it is the Family and Friends that you keep. These are your resources. Fore you see, with Family whether they are blood relatives (genetically connected) or NOT , as well as, Friends - you have formed BONDS for years. Therefore, things or objects that people with money could not easily obtain,
you will receive with ease. "Think about what has been said and ponder on this thought while being proactive regarding this matter for decades to come!

Thanks!


C. Henry Adams
Benefits Advisor
Aflac
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021
bienminc@gmail.com
CHA Linkedin 
(404) 254-7187

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FEBRUARY - 4 Even 7 Day Weeks

by  C. Henry Adams


One day, a wise older man sat on a bench in a park when a young boy familiar with him while walking home from school, stop to greet him.   This is the conversation that ensued.

Young Boy:  Greetings Elder

Wise Older Man:   Hello Young Man, how are you?

Young Boy:  I'm well, just coming from school.

Wise Older Man:   Outstanding job, you have just completed the 1st seven even days.

With a puzzled look upon the child's head, he made this statement to the wise older man.

Young Boy: Seven is an odd number.  How many seven even days is it?

Wise Older Man: In this very short month, it is only 4.

So, I ask you;  what Month was it and to which day of the Month did this conversation allude to...?

If you answered February and proposed the day to be the 7th, you are correct.

Fore, there are (4) four seven day weeks in this month which equal to 28 even days.




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Monday Morning Contracting Tip (01/28/19)

Government Shutdown

What happens when the government decides to shut the government down again?  “Be Prepared”

I didn’t share much about the government shutdown during the shutdown because we were already in the shutdown, but I’d like to share some information about preparing for the next shutdown that we hope not to see in the next three weeks or so, but possible. There is a need to review the issues and challenges presented by shutdowns in order to remain prepared for what may come.

• Be very familiar with the clauses incorporated in the terms and conditions of the contract awarded
• Contractors must determine whether they will continue performing or stop work
• A government shutdown is not a self-executing stop-work order
• The shutdown itself does not suspend a company’s obligation to perform nor does it release the government its obligation to pay for performance   
• It can be determined if the contractor’s work require any new appropriation or authorization of spending  
• There’s also a need to identify whether critical government personnel, facilities and resources are available
• It is important to have Direct contact with your Contracting Officer, if your contracting officer issues a stop-work order, then stop work and comply with the order.
• If you do not receive a stop-work order, then you must consider (1) whether your contract is deemed required to support "exempt" government activities and (2) how your contract is funded.    

One important compliance requirement to understand, does your contract required to support activities exempt from the Anti-Deficiency Act?

Many of the legal complications of a government shutdown derive from the Anti-Deficiency Act, which makes it a crime to obligate the United States to spend funds that Congress has not previously appropriated.

There are some narrow exceptions: https://www.gao.gov/legal/appropriations-law-decisions/resources

All The Best

Dannie E. James Sr

JE Group LLC

Phone: 404-557-0027

Fax: 404-521-4018

www.jegroupllc.com

www.amstability.com


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Understanding The BGFRS Beige Book

by C. Henry Adams

The acronym, ' BGFRS ' identifies Board of Governors of the Federal Reserve System.

In 1970, the Red Book which is now called, the ' Beige Book ' was established under the leadership of US Ambassador & Chairman of the Board of Governors of the Federal Reserve System - Arthur Frank Burns.

Unlike the illustration of a beige colored book shown above, this research information mentioned is actually recognized as the ' Summary of Commentary on Current Economic Conditions '.

There are approximately (12) twelve Federal Reserve Banks in the United States of America:

1)  Federal Reserve Bank of Boston
2)  Federal Reserve Bank of New York
3)  Federal Reserve Bank of Philadelphia
4)  Federal Reserve Bank of Cleveland
5)  Federal Reserve Bank of Richmond
6)  Federal Reserve Bank of Atlanta
7)  Federal Reserve Bank of Chicago
8)  Federal Reserve Bank of St. Louis
9)  Federal Reserve Bank of Minneapolis
10)  Federal Reserve Bank of Kansas City
11)  Federal Reserve Bank of Dallas
12) Federal Reserve Bank of San Francisco

...which report the following (8) eight circumstances:

A)  Summary of Economic Activity
B)  Employment and Wages
C)  Prices
D)  Consumer Spending
E)  Manufacturing and Distribution
F)  Services
G)  Real Estate and Construction
H)  Banking and Finance
This report is submitted (8) times per year.  Today is January 16th, 2019, thus the first of eight to be submitted for 2019.


  https://www.federalreserve.gov/monetarypolicy/beigebook201901.htm
 


As a Consultant since 1998 or for 21 years, I encourage you to learn more about the US Economy.

Well, these are my thoughts, what say you?

I welcome your comments.

Thanks!


C. Henry Adams
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021
bienminc@gmail.com
CHA Linkedin 
(404) 254-7187

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Humility Has The Uncanning Way Of Helping One Understand Write-Offs

by C. Henry Adams

First, I would like to thank God for allowing me to see this day, a day never before seen and once its gone; it will never reveal itself again. 

Why?  Because, it is yet the beginning of humility for those of us who seek its new cycle while being aware that we still dwell on Earth.

A ' write-off  ' define in this particular blog is one person who has experienced a level of hardship, whereas, others disregard his or her abilities by assuming that their incapability to arise above despair during a season is inevitable. Thus, Associates, Friends and even Family turn their backs against the less fortunate individual.

If you are a believer in God (or) if you choose to simply think that He does not exist, I can not fault you one way or another. But, sanity should not be define by one's actions to correct mistakes, nevertheless, by their in-actions to correct their errors in life.

Personal experiences has lead oneself to believe that there is certainly a force far greater than its own.

Thus, the point of this discussion must apply here.  If you elect to write-off an individual, understand their current fate in life is not unlike your own.

Perhaps, some of us just rise above adversity better than others.  If you choose to forsake them (Write-offs), then one day during these never before seen cycles, someone will forsake you. 

Just a thought, I welcome your comments. 

Thanks for reading this blog.





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Not Just A Chess Game, But Wisdom From Youth

by C. Henry Adams


Recently, I had the opportunity to sat and play Chess with a wise young man at the age of 20 years old named, Kito Jones while in Downtown Atlanta, Georgia.   Prior to playing this particular opponent, I had the honor of playing Chess with other individuals.

Typically, because I have not played Chess in a number of years against any worthy or unworthy individual, instead of trash English talking in an attempt to 'Psych' my competitor out;  I often state the following excuse:

" I'm just practicing while playing Chess." 

But actually, I was really redirecting my mind to improve focus on creating 'Strategy'.

Nevertheless,  I was honored to recognized that young Kito Jones learned well from his own Father.  Kito told me that his Father started teaching him the Game of Chess at the age of 5 years old.

During a series of matches, he made some profound statements that any Father would be glad to hear.

He clearly understood that a loss is never a loss, unless you do not learn from it.

Perhaps, redirected - the above statement is a great life lesson learned when developing a successful venture of any kind.

When I asked Kito Jones to elaborate on the comment, he stated the following;

'When you learn from a loss, it becomes an experience.  Through experiences, perhaps you gain knowledge and wisdom.'I once heard  the following saying, 'Out of the mouths of babes, God speaks'.

Indeed he does in my professional opinion.   Well, these are my thoughts, what say you?

I'm C. Henry Adams, a Benefits Consultant.

Please feel free to give me a call at (404) 348-8319 to share your vocal response to this blog.

Please leave a voice mail message or text message with your authorization to share to the World.

Thanks!


C. Henry Adams
Benefits Advisor
Aflac
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021
bienminc@gmail.com
CHA Linkedin 
(404) 254-7187

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