In my previous four posts I introduced my guiding principles of wealth management, along with the first three principles (links to one, two, and three). Today I will discuss the fourth guiding principle, which is one of the most enjoyable for me to use as a financial advisor while helping clients:
Know what is holding you back, spurring you forward, and serving you best
This kind of self awareness is essential to have the energy, confidence, and focus to support your financial plan. Wealth mastery cannot be pursued with out a degree of self-mastery and self-knowledge. You need to know what is working against you and deal with it. You need to know what you have in your favor and use it to the best possible advantage.
In my experience as a financial advisor, I have found that people often lack such self-awareness. So, I have made it one of my guiding principles to take proper time for reflection. With weaknesses especially—habits of mind that can hold you back—people often need a third party or a sympathetic ear to surface issues.
We recently hosted an expert team of six highly regarded advisors to have an open discussion and brainstorming session focused on how best to serve successful families, along with the inevitable complexities and nuances of managing different aspects of their significant wealth. Among this group included specialized experts exclusively serving financially successful families, business owners, and C-level executives. The players around the table included an estate attorney, a consultative tax professional (CPA), a life insurance advisor, a high-end property and casualty insurance agent, and two comprehensive wealth management professionals.
It’s been an annual tradition of mine to put something special together to share with clients and friends for the new year. This year, the theme is “The Big Breakthrough” and it includes three powerful tools for mastering time, focus and wealth. Watch the video presentation and download the companion worksheets below:
I was challenged by a friend to put together a compilation of the most powerful tools young and middle-aged adults (those in 20’s, 30’s & 40’s) could utilize to gain maximum traction in their careers, wealth creation efforts and mastery of wealth. The presentation went so well, I decided to go in the recording studio and create a version clients and friends could share with their adult kids, nieces, nephews, grandkids and so on.
So here it is…the Big Financial Breakthrough Video and Worksheets. Click to watch the video and download the worksheets…you are moments away from taking your wealth creation and mastery to an exciting new level.