Shower Singing

 


Why do we sing in the shower and how can it help us grow our independent wealth advisory business?  This week will examine what we can learn during our morning shower. Our confidence and thoughts are important to our personal and business success. Please read and sing your favorite song.



Echo 

We sound better in the shower because of the echo.  Writers need the echo chamber of social media too.  Unlike the solitary shower where we are the only person who hears and rates us, the social media echo chamber is filled with opinions.  Most social media opinions are negative and we need to expect this reality.  Our confidence is essential to our well being and our ability to take risks is important to our growth.  Many successful people write daily using Morning Pages and we all sing in the shower.  The echo in the shower and on social media can help us maintain our self confidence.  



Relaxing Temperature 

Several of my friends have discovered their successful business ideas in the shower.  I believe the temperature helps relax our body and mind to discover these ideas.  Peter Drucker encouraged his students to set a daily appointment to think without any disruptions from phone calls or emails.  One of my mentors took this concept a step further and read books and the news every early every morning before he left for the office.  In addition to the temperature the common theme is we need to slow down and think.  The pandemic has helped us slow down even though it has reduced the frequency of morning showers.


Lessons Learned

Ray Dalio’s business meetings and his LinkedIn posts are examples I try to follow. Now we need to chronicle our numerous ideas for our post vaccine life. We will need a confidant to share our ideas with in person. Dalio has a program that his coworkers can share their ideas on the meeting and Warren Buffett has Charlie Munger. Both results are successful and can help your independent wealth advisory business.  We need to create a process to check our ideas before we share them on social media or start singing in the office. 


While we all need to shower we should shower and sing alone most of the time..... 

Comments

Post a Comment

Popular posts from this blog

Inorganic

Image
Our industry has always looked down on Wall Street’s recruiting checks.  Last week there were numerous announcements that independent firms were offering advisors money to purchase their practice.  The term for these transactions is inorganic growth.  This week we will look at why these transactions are the new rage and examine if they are better than the old Wall Street checks. Wempy Popeye and financial advisors fall for the “I’ll gladly pay pay you tomorrow for a Hamburger today” pitch.  Unfortunately Popeye and and most financial advisors provide their hamburger but seldomly get paid what the firms and Wimpy promise .  Why?  The advisors need the cash and Popeye is gullible.  On Wall Street the deals adjusted when the advisors changed firms looking for a new deal every five to eight years.  The recent Luminous departure shows that the advisory contracts need to be adjusted.  The new contracts are written by experienced firms and lawyers to prevent serial departures. 
Read more

Stop Judging

Image
I have known that I have MS for over four years.  My doctors believe I have had MS for over twenty years.  Initially, When I received this diagnosis  I was very opinionated when I saw disable people. I assumed the worst. As a currently disabled person I can educate and warn you regarding things you shouldn’t say to me or disabled people..  This blog will educate on my disability. The places it manifests itself and how you can react and support me and other disabled people. The three items are: 1.) Needing a walker 2.) Government disability  3.) Falling MS causes me to loose my balance and fall.  The walker prevents this reality  I look at walkers as being as sign of old age,  I was incorrect and a good walker is an aid!  With a walker I fall less often.  I might look old, but I am OLD! Our government provides support to the millions of MS patients in the US.  Support is through Social Security and must be approved.  I am approved. The service can be cancelled if i get a full time job.
Read more

Career Hacks

Image
We are in constant pursuit to be the best we can be in our profession.  Is there a hack to help us?  Some days it feels like others have found one.  The Baby Boomer hack was to be a Doctor, a Lawyer or work for Goldman Sachs.  Millennials believe in the power of social media hacks and that a job at Google is on the Yellow Brick Road.  This week I’ll look at other experts and share my opinion that there isn’t an easy solution to professional success. Academia Those who  can’t do teach and those who can’t teach, teach gym .  Many of the established ideas that guide people in the wealth advisory business where researched in academia.  While their research is credible most academics remain as advisors not a practitioners.   William Sharpe  might be an exception to this rule.  He lost at Long Term Capital but was a recent  winner with Financial Engines .  Resilient and richer. Conferences and Media We attend industry conferences looking for hacks.  The concepts present
Read more