FIREd by 50
FIREd by 50
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Communication + Accountability = progress

  •  FIREd by 50 (FX50) stands for Financially Independent (able to) Retire Early by the age of 50.  
  • The 3 Cs of FX50 are Communication, Compound Interest and Career Planning. 
  • Communication and Accountability need to be established first. To do that, you need to Pin The Roses.

4 Roses Need To Be Pinned

1. The Program Manager: Who is responsible for keeping this program on track? Joel can do it or he can help someone.

2. The Spark: A leaders needs to reset the expectation of communication.  Who is that?

3. The Survey: Communication starts with asking what people need.  (SurveyMonkey works great.) Who does that?

4. The Support: Based on the survey feedback, you'll find opportunities for improvement.  Who is going to make the decision on what gets supported?


FX50: The Plug and Play Workforce Culture framework

FIREd by 50 was designed, specifically, to help people achieve their potential (Self-Actualize) while they are at work.  It has been built thanks to Maslow's Hierarchy of Needs, Gallup's State of the American Workplace and many other sources of information over the span of about 25 years.  But there are two principles that lay the foundation for this program: People want to be heard and people care for those that care for them.


Do Your Job.  That line was been made famous by Bill Belichick.  The problem is most employees are not told to communicate issues and opportunities.  Not to mention to communicate that they would really like to get promoted and/or retire some day.  So when it comes to communicating and sharing information, most people would say that's NOT in their job description.  For that reason, most companies need to explain to everyone that part of their job is to talk to each other.  This is called The Spark.


The Survey is next.  People closest to the work are the closes to the solution.  Just ask them what they need to be safer and more efficient. Do it on a schedule.  This will make sure it  happens and will help manage the complainers.  Also, ask them about their career plans to show them you actually care.  Most yearly reviews do not include this.  When you do, they will care back.


The Support comes from leadership.  Use A3 Thinking to make team decisions and to approve the ideas that come from the field.

The 3 c Pillars of FIRed by 50

Communication

Career Progression

Compound Interest

Everyone wants to be heard.  Onboard to a culture of communication so everyone knows they matter.  This needs to happen on each project for everyone - including sub-contractors.

Compound Interest

Career Progression

Compound Interest

Teach your employees the power of compound interest.  This ties directly to retention.  They will now know you care about them as a person and that they just need to stay employed for 35 years or so and they will probably be a millionaire.

Career Progression

Career Progression

Career Progression

Going to work every day isn't always fun.  When you know that it is leading to a promotion and financial independence, it's much better and gives people purpose.

3 Simple solutions

We all know very well about the power of the daily routine.  That's why we make this easy.  In one no charge meeting over Zoom, Joel will explain FIREd by 50 and upgrade your culture significantly.  There is no charge for the first meeting.


If you want extra help, such as pinning the rose on Joel as the Program Manager, then that starts at $1500.  

Recruiting

Link to specific teachers that can refer your future employees.  High School CTE programs focus on your industry.  Just find those teachers in the towns you're needing help. Pin the Rose!

Retention

Hand out Compound Interest Cards.  This shows employees that you care that you care.  That's huge.  It also helps them understand that staying employed is much more important than getting a raise. Pin the Rose!

Revenue

Use the Culture Differential to explain to clients how your people are better.  Make a few simple changes and start to tell your story.  The main point is that a FIREd by 50 employee is safer and more productive. Pin the Rose!

Schedule a Zoom With Joel

Joel's Calendly Link

FIREd by 50 partners

You might want a little help.

Black and white logo for Equitas Strategic Partners with stylized 'E' and lightning bolt.
Logo of the company 'CICL' with a red and gray color scheme.
Logo for Premier Business Partners with blue and black text.
Logo showing a hand holding a house with 'Lending Hand Mortgage LLC' text.
Logo of StrategicMatter featuring orange and black dots with bold text.

Sample Fx50 Documents

These documents will "FIREd by 50" your recruiting, retention and RFP Responses.

Sample Biz Culture Differential (docx)

Download

Sample Initial A3 (docx)

Download

Sample Initial Plan (docx)

Download

Sample Recruiting Culture Differential (docx)

Download

FIREd by 50 stands for Financially Independent, (able to) Retire Early by the age of 50.

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