This is Jeff Rose. Welcome back to Goodfinancialcents.com. Today I want to ask you a quick question because I like asking questions 🙂 The question is:
How do you define success?
Part of the reason why I am asking this question is I received an email the other day. It was from a guy who had read an article on my blog, and the article is entitled, “How to be a Successful Financial Advisor.”
If you read that article, I talk about attributing some of the reasons of my success, and how if you want to get started in the business and become a financial advisor, actually interview some other financial advisors and have them attribute some of the reasons they feel that they are successful in the industry.
If you read that post I sharehow I am not a million-dollar producer, which is a bragging right our industry.
I am far from it.
How do I define success or why do I consider myself to be successful? The reason that I feel is, one: I have survived. In our industry it is tough. Whenever I first started in the industry back in 2002, I had a training class that had just over 50 people.
We always keep track of the numbers in that training class. After five years, there were only six of us left, only six. So after five years we lost over 44 people.
Some of those got out of the business and some did transfer elsewhere, but only six of us were left. That is part of the reason I contribute my success, so the fact that I am still here is one.
Do What You Love
The other thing why I consider myself to be successful is that I have a profession; I have a job that I love. I love what I do. I love helping people. I love helping my clients plan for retirement and helping them make sense of this complex investment world.
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I love it.
My alarm clock goes off in the mornings. I am not much of a morning person, but I don't dread it how I have talked to a lot of people that just despise their jobs.
Whose The Boss?
I don’t have a boss. I am my own boss, so if I want to show up a little bit late I don't have to clock in in a report. To have that freedom is priceless. Having a bit of a military background, if we had formation at 8:00 you had to be there at 7:45 for the pre-formation.
If you were late for that, you got reprimanded. I was a squad leader, so I had to reprimand my guys if they weren't there for the pre-formation, which is just funny when you think about it.
My Family Is The Coolest
The other reason why I feel that I am successful is that I have a beautiful family that supports me. I have a wife that supports me 150% on everything I do. I have a family that I love to provide for.
That is what I contribute to success. It is not how much money I make. It is not the assets that I have under management. It is not my total production, which is just a metric that we advisors use to say how much revenue you basically generate for your firm. These are the things that are arbitrary to me.
I could care less.
I love what I do. I love my job. I love my business. I love the fact that my business allows me the freedom to do my blog, Good Financial Cents and videos like you see here. I love it! That is what I consider to be successful.
I ask you, “How do you define success?” Is it how much money you make? If it is, you need to take a step back and really rethink your strategy because it is not all about money. It is not about numbers; it is not about that.
It is about what you have inside your heart that you love to do. So, ask yourself how you define success and truly, truly ask yourself. Dig deep find that answer.
Glad you can join me again, and we'll see you next time.