9 Things I've Learned In 9 Years of Financial Planning
Kyle shares nine key things he's learned in his nine years of experience as a financial advisor (and his many years of experience before that as an asset manager), sitting down with clients daily and helping them develop a plan to meet their unique circumstances and psychology. In this episode Kyle covers:
1. Your plan is your plan -- own it, make sure to understand it, and don't worry about what others are doing.
2. Discipline is the key to sucess -- small positive habits, done consistently over time, add up to big results
3. Markets go up and down, but mostly up -- you just have to stay invested and stick to your plan
4. Sometimes psychology wins over math -- it's important to feel confident about your decisions, not just follow what the math says is best
5. Putting off your estate planning is more costly than doing it now -- a few thousands dollars and some effort upfront to set up a will and trust may sound like a lot, but it's much more expensive and stressful when you have to hire a lawyer to guide you through probate
6. Do the right thing, and things tend to work out for all parties -- Kyle and MFG focus on doing what's right for clients, even if it means not taking their business now or directing them elsewhere.
7. Think through decisions from your future self's point of view -- ask that person if they regret what you are choosing to do right now
8. Relationships are the difference maker -- honest, genuine connection is the most important part of business
9. Trust God and work hard -- God entrusts us with resources, and it's up to us to steward them as best we can.
Connect with Kyle
Email: kyle@murphyfingroup.com [kyle@murphyfingroup.com]
Web: https://www.murphyfingroup.com [https://www.murphyfingroup.com]
LinkedIn: https://www.linkedin.com/in/kyle-martin-cfp®-aams®-05033352 [https://www.linkedin.com/in/kyle-martin-cfp%C2%AE-aams%C2%AE-05033352]
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