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Weekend Edition – Do You Believe in Turnarounds? (You Should)

How many times have we seen famous high-profile figures written off, only to come back and regain the glory they'd originally been pegged for?

The obvious places we all see this effect take place in are the sports world and in Hollywood. Let's look at just some examples. Anyone that is a football fan from the early 70′s remembers the struggles quarterback Terry Bradshaw had playing for Chuck Noll and the Pittsburgh Steelers. In fact, the famous story is how Bradshaw went into Coach Noll's office crying and begging for the organization to trade him. Just one decade later, Mr. Bradshaw was finishing what amounted to an amazing career, culminating with his fourth Super Bowl title.

Back in 2007, New York Giant fans wanted to run quarterback Eli Manning out of town, as he was three years into his career and it appeared the first round draft pick would never become the star many had envisioned. Two Super Bowl titles later, and Eli is now praised as an MVP-caliber player with the full support of the team and its fans. Even basketball star LeBron James, who was ripped to shreds over his "decision" charade where he left Cleveland to join the Miami Heat, has since been vindicated. LeBron won his first NBA title this past season, and many are predicting that when all is said and done, he could be labeled the best basketball player of all time.

Hollywood, too, has seen its share of comeback stories. Robert Downey Jr. and Mickey Rourke come to mind as actors that were once famous, found themselves in the gutter, but since have climbed their way back to great success.

Maybe it's time for you to resurrect your career, or maybe you know someone close to you who could be a turnaround candidate. The point is, we should never give up on our potential. We all encounter turning points in our lives. At the time, these moments may not have seemed that significant, but in retrospect, we can recognize them as catalysts for tremendous positive change.

I simply won't accept the idea of being stuck in a rut. As my kids inch closer to deciding what they want to do with their lives, the best advice I can give them is that regardless of the profession they choose, don't underestimate the importance of doing something that helps people. Why? Because at the end of the day, knowing you're doing good in the world will help you overcome a lot of everyday stresses. When someone tells you how much they appreciate the job you've done for them, all the hard work you've put in (and obstacles you've overcome) will all be worth it.

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Thank you for sharing part of your weekend with me, and please be sure to pass this post on to anyone you think we can get inspired and educated about money, building wealth, and using common sense to do so.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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