Mike McCarthy, Co-Chairman of Bridges Trust,
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Michael (Mike) McCarthy is the co-chairman of Bridges Trust. In addition to his role at Bridges Trust, he is also the chairman and founder of McCarthy Group, LLC, an investment holding company headquartered in Omaha. Mike serves on the boards of a number of public, private, and not-for-profit entities, including Union Pacific Corp., Peter Kiewit Sons, Inc., Election Systems & Software, Creighton University, Heritage Services, and Lasting Hope Recovery Center. He holds a Bachelor of Arts in English from St. John’s University in Minnesota.
Mike joins me this week to discuss the early core disciplines that he has lived his life around, and how they have served him over the years. He reveals some of the expensive failures that happened along his entrepreneurial journey and how they ultimately ended up moving the business forward. Mike also shares the importance of disconnecting net worth and self-worth and how he works on sustaining his personal self-worth through self-reflection and taking an annual retreat.
“Productivity is core to who we are — we want to produce more than we consume.”
- Mike McCarthy
“Perseverance is the most important attribute of people who survive tragedy.” - Mike McCarthy
“The foundation of the future built on gratitude for the present is powerful. And that's why, when you can demonstrate that gratitude by giving whatever you’ve got — time, money, power — it's a very freeing experience.”
-Mike McCarthy
This Week on The Wow Factor:
Why Mike decided to turn away from his initial thoughts of training for priesthood and become an entrepreneur
When Mike started the McCarthy Group and how it grew out of the egg crisis in rural America
Why Mike believes that drifting through life is a missed opportunity
How the McCarthy Groups provide continuity for people who have created or inherited wealth and free their heirs to maximize their own existence
The idea of producing more than you need and how this philosophy, alongside maintaining a giving heart, has developed over the years for Mike
Mike’s charitable work, including his role on the board of United Way
Mike’s leadership style and why he starts with encouraging his team to get closer to the people they're trying to serve
Why the enemy of good thinking is short term thinking
Why Mike feels that empowering people is it is the most significant multiplier there is
Mike McCarthy’s Words of Wisdom:
If you like giving, you're going to be a good leader, and if you like taking, you're going to be a bad leader.
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