[hugh_]

If you can't find a way to deal with a pay cut, you're probably not cut out to be a manager.

If you're spending 100% of your income then you're not good at planning ahead.

If you can't find things to cut in your personal budget, you'll suck at managing the company's budget.

And if you can't talk your wife into making do with less, you're not persuasive enough to handle employees.

[pyre]

You know... sometimes life throws you curveballs. If you believe that planning will prevent any and all financial problems from appearing then I have a bridge to sell you...

[alttab]

I don't understand the down vote at all - every single one of these points is true.

It sounds so trivial, but actually applying it is the difference.

[btilly]

Ironically the research that book was based on found that most of the skills you've listed are not important for good managers.