Confident Wealth

The Value of Working with an Advisor Ep. 2: Laying the Tracks

In this episode, we continue the conversation about how a financial advisor adds value. We talk about how the financial advisors role is to “lay the tracks.” The advisor encourages positive habits and behaviors that help you get to your end financial goal. They make large tasks bite-sized achievable actions.


Show Notes:


  • :30 - How to break your finances into habits you do everything
  • 1:00 - Making Your financial goals small, bite sized achievable actions
  • 2:00 - Big, 30-40 year long-term goals can be intimidating
  • 5:15 - Why your behavior determines if you will succeed of fail
  • 5:30 - How your financial advisor laying your action track so that you will take action and be successful
  • 6:00 - Inertia is a big thing especially in personal goals
  • 10:00 - The financial advisor plays the role of a sounding board
  • 12:30 - The financial advisor helps break large tasks into manageable tasks
  • 13:30 - Laying the foundation of habit is important so that the investment train can run on them



3 Key Points:

  1. A financial advisor plays a key role in making large asks achievable.
  2. The advisor lays the tracks and holds you accountable for the goals you want to achieve.
  3. The financial lays the tracks so that investments can run on that foundation.


Tweetable Quotes:

  • -    “A good coach is going to keep you on track to where we know he knows that if you eventually just follow this track, that it leads to success and you get down there a month, six months a year down the line and you look at and go wow, I got the results. But I didn't get them all at one time. I got them inch by inch. Yeah. And so the reality is, if there's no accountability built in, it's easy to veer off” – Pete
  • - “Some people may say, Well, I don't make enough money, or, you know, I don't have enough to do what I want to do, or whatever. The truth of it is, is that most of the time we behave ourselves out of what we want.” – Bill
  • - “So we have things that scare us, they take us off our path, we run into challenges that maybe we're not motivated anymore. And so we get off our path. So to your point without a coach or accountability partner, let's say accomplishing anything of these important magnitudes is very, very tough.” –Pete




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