Keys to Success

March 16, 2012

In running a wealth management practice, we have the privilege to work with individuals who have experienced a large amount of success in life.  Based on our own success, as well as that of our clients, we have some personal insight into what it takes to set and accomplish your goals. If you have not yet reached your personal, professional, or financial goals, we share some tips in today’s show to help you succeed across the board.

  1.  Have a long-term view:  Determine what you ultimately want for your life and make decisions that move you in the right direction.  For example, do not accept a job with a slightly higher starting salary over one that will ultimately present better opportunities for you in the future.  Also, when shopping for cars, consider an economical, reliable car that will last several years over the cheap clunker that constantly needs repairs.  You can use this same long-term focus when making decisions about starting a family, buying a house, or any other major life choice.
  2. Watch out for traps:  In job hunting, interviewers often use tricks to see how potential employees handle themselves in certain situations.  Watch out for off-topic subjects and stay focused on the purpose (landing the job).  In the financial world, there are endless traps that you must be wary of.  Many investments aren’t as good as they look on paper, so be sure to do adequate research before committing to anything.
  3. Know your passion and what makes you happy:  We know this is overused, but it’s true that if you do what you love, you’ll never work a day in your life.  If you can figure out what your passion is, that will bring you more happiness than constantly chasing more money.  The ironic thing is, money usually shows up when you are doing what you love because you will work harder.  Know where you are in life, what you’re good at, and go after it.
  4. Be persistent:  The second best answer you can receive from someone is “no”.  If you really want something, you have to fight past the insecurity you may feel and go for it.  You don’t have to harass people, but you also can’t wait for things to fall in your lap.
  5. Be willing to put in the work:  A famous bodybuilder has put it this way:  “Everybody wants to be strong, but no one wants to lift heavy weight”.  Likewise, everyone wants to have a lot of money, but no one wants to save it.  There are many people who are not willing to defer gratification or work towards a goal, and if you can stand out as someone who is, your chances for success are much higher.
  6. Travel the road less traveled:  Don’t be afraid to be a dreamer, but be a dreamer with a plan.  It is an amazing thing in this life that we all have the ability to go after our dreams.  If you are taking a huge risk, be prepared for the worst case scenario and also be prepared for the haters along the way.

We hope you all have a happy, safe St. Patrick’s Day this weekend.  Get out and enjoy the nice weather and take some time to appreciate life.  If you guys have any more tips for success that you want to share with us and other listeners, please post below or on our Facebook wall!



FILED UNDER: Featured, Podcasts

Most Recent Episodes

Financial Hacks and Habits of the Top 1% (By Age)

ho wouldn’t want to have a high enough income and net worth to be considered part of the top 1%? In this episode, we’ll tell you exactly how much you need to be considered part of the top 1% - and the habits and hacks those in the top 1% used to get there.   In this...

How to Win With Money in 2023!

Financial resolutions are always near the top of the list of Americans’ most popular New Year’s resolutions. Whether you want to save and invest more, pay off debt, or have other financial goals, we will give you the tools you need to win with money in 2023.   In this...

TikToks That INFURIATE Financial Advisors

The most powerful time to get serious about building wealth is when you’re young. So, what is the younger generation learning? Financial Advice (good and bad) is being produced in massive rates across online platforms and TikTok is the new frontier. Is there good...

5 Levels of Wealth AND How to Achieve Them! (2023 Edition)

We believe there are five distinct levels of wealth, but they aren’t solely dependent on income or net worth. We’ll walk you through each of the five levels - including how to know where you are at, how to advance to the next level, and signs you are doing it right.  ...

Average Net Worth By Age in 2023!

It’s time for one of our most anticipated shows of the year: our annual Net Worth By Age show! In this year’s edition, we’ll shared updated numbers and data for 2023 and discuss the most important things for you to focus on in each decade.   In this episode, you'll...

Win Financially During a Recession! (Everything You Need to Know)

The bear market we've experienced in 2022 has been longer than many in recent memory - and some are concerned that the economy may soon enter into a recession. Here's everything you need to know to stay on-track and win financially during a recession!   In this...

The Fed Just BROKE the Car Market! (What You Need to Know)

Car prices have been on a rollercoaster ride the last few years, and it looks like they might finally be coming down. In this episode, we’ll discuss what you need to know about the current car market, pitfalls of buying a car, and how to do it the right way.   In this...

Top 4 Money Mistakes People Make During the Holidays!

There’s a reason why financial resolutions are always near the top of the list in January - many Americans spend the holiday season making financial mistakes. In this episode, we’ll discuss the top money mistakes people make during the holidays and how to avoid them....

Financial Advisors Share What They WISH They Knew About Money Earlier!

Have you ever felt like if you just knew this one thing about money earlier your finances would be in a better spot? In this episode, we’ll share the five biggest things we wish we knew about money earlier!   In this episode, you'll learn: What we wish we knew earlier...