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Radical Personal Finance

436-The Most Valuable Lessons I Learned As a Financial Advisor: #1 Don't Wait for the Business to Come To You...You Go Find It!

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 13 March 2017

⏱️ 26 minutes

🧾️ Download transcript

Summary

I learned about business and money during my six years working as a financial advisor than at any other time period in my life.

Today I'm kicking off a series sharing some of the lessons that have most deeply impacted me. I'll share both the lessons I learned from business as well as the lessons that I learned from working with hundreds and hundreds of clients.

Lesson Number 1 is simple: Don't wait for business to come to you; go find it!

Joshua

Transcript

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0:00.0

Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge,

0:04.4

skills, insight, and encouragement you need to live a rich and meaningful life now while building

0:09.7

a plan for financial freedom in 10 years or less.

0:12.4

My name is Joshua Sheets and I'm your host. Today I'm going to kick off a series called

0:16.5

the most valuable lessons I learned as a financial advisor. Some of these lessons will be the lessons that I learned from the business. Some

0:26.0

of the lessons will be the lessons that I learned about personal finance from my clients. But today we kick it off with the number one lesson which is this.

0:35.0

There's always business available, but you've got to get up and go get it.

0:41.0

Now to put that into context let me share with you how I got into the financial services

0:46.1

industry.

0:47.4

In summer of 2008 I was laid off from a job where I had been working in the marketing industry for a small

0:55.8

company but I had been working as a mid-level analyst in that company and they

1:00.7

eliminated my job position and laid me off and after I was laid off I wasn't

1:06.1

exactly sure what I wanted to do. I had desired to leave the company. They laid me off in

1:11.5

June or July. I had been planning to leave in January, but I didn't know exactly what I wanted to do.

1:18.0

I did, however, have some attributes sketched out of what I wanted in a job. Just wasn't sure

1:25.3

exactly how to get there. I wanted a number of different things. I wanted to be

1:31.4

paid for performance, not for time. I wanted to have

1:34.4

revenue that would be built up over time. I wanted to be geographically independent. I wanted

1:39.1

to build something that would last and that would really grow. I didn't want to just go and work in a corporation.

1:46.5

After I left the company, I was having lunch with one of my former bosses and he suggested

1:51.5

to me that I consider going into the financial services business.

1:55.0

I had never thought about financial services prior to that time,

...

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