The Top 4 Things To Do To Stay Burnt Out & BROKE as a Financial Advisor

#businesscoachingtips #financialadvisormentorship #financialadvisorsuccess #financialadvisortips Jul 20, 2023

1. Don’t focus on sales & marketing first & don’t learn how to become a prospecting master

Instead, keep focusing on taking exams, learning more about Financial Planning and building up confidence… 

The BEST thing you can do to stay broke and burnt out as a Financial Advisor is to not focus on lead generation at all. Don’t learn prospecting strategies and don’t invest in courses or coaches that will teach you a prospecting system.

Instead, ignore it completely, and instead focus on every OTHER part of your business & just wish & hope that people will come in the door.

2. Don’t take time to work ON your business – instead, only focus on working IN your business

Instead of taking an hour or two each week to learn, grow, implement systems – just keep working, keep the “go go go” mentality, and keep doing everything yourself!!

Keep trying to “hustle” your way to success instead of implementing a system or strategy to make your life easier.

This tip is super impactful, because if you never take time to sit back, look at your business & determine which way to go, then you’ll never have a clear target and therefore you’ll keep staying stuck and broke!!

3. Don’t pick a target market, don’t identify their pain points, and instead – keep working with anyone and everyone.

If you really want to stay broke and burnt out, you should really try to focus on EVERYONE – and never create a specific target market.

If you create a target market, people might be able to refer you business easier, so the key here is to NEVER create a target market – and instead, tell everyone that you can work with ANYONE under the sun – no matter their situation.

When you do this, you’ll get lots of referrals to people you don’t want to work with or people who don’t want to do financial planning, but instead are looking for free advice.

Those people are great to suck up your time and energy, keeping you stuck! 

4. Procrastinate, allow fear to rule your decisions, and try to do everything yourself!! 

The FINAL tip is one of the best tools to stay broke and burnt out!

Instead of coming at problems from a place of “how could this work out?” – come at decisions from a place of fear and uncertainty! 

Don’t invest in yourself or your business for the fear of what might happen, and instead, continue to try to do everything yourself!

Reinvent the wheel.

Don’t value your time at all, and therefore don’t hire coaches, assistants, or pay for systems & programs to teach you the short cut! You want to stay broke? 

Take the long way, which is to do everything yourself!

Want to grow your business without stressing yourself TF out?

The Answer? Get more Leads.

Grab my Free PDF where I share my EAR Method to double your referrals no matter where you are in business.

Grab the Free Strategy >> https://scottietaylorjr.ck.page/referrals 

I can’t wait to hear what you think!

Scottie


Published by

Scott Taylor Jr, CFA, RICP Financial Advisor
CEO | Prospecting Strategist | Founder of the 5 to $25k/mo Method