Weekend Content for New Planners

Weekend Content for New Financial Planners (June 11-12, 2022)

“Weekend Content for New Financial Planners” is a collection of articles, podcasts, videos, etc. that I’ve been consuming regarding breaking into financial planning, industry trends, career development, and more.

To take the next step in your career, rather than focus on your current position, begin with the end in mind [Article]:

“But you can easily apply this framework to your working life as well. I know because I’ve done it. I remember analyzing my career at my current firm a few years ago and thinking, ‘What role best suits me here?’ I realized that we needed a COO and, given my love for operations/efficiency, it seemed like the perfect fit. So back in October 2019 I bought a book called How to be a Chief Operating Officer by Jennifer Geary

I read it within a day and quickly realized that there were a handful of things that I wasn’t doing that I needed to do if I wanted to be the firm’s COO. Rather than bore you with all the details, I figured out where I was lacking and then solved backwards on how to fill in the gaps. Nine months later I got the job.

Solve Life Backwards [Nick Maggiulli, Of Dollars And Data]

Why “once-in-a-lifetime” events seem to be occurring more regularly [Article]:

“What’s different now is the size of the global economy, which increases the sample size of potential crazy things that might happen. When eight billion people interact, the odds of a fraudster, a genius, a terrorist, an idiot, a savant, an asshole, and a visionary moving the needle in a significant way on any given day is nearly guaranteed. Social media then amplifies it, giving the impression that it’s more common than it really is.”

Once In A Lifetime [Morgan Housel, Collaborative Fund]

Related to behavioral finance, James Clear on why we should require an “Upper Bound” [Article]:

“In 1996, Southwest Airlines was faced with an interesting problem.

During the previous decade, the airline company had methodically expanded from being a small regional carrier to one with a more national presence. And now, more than 100 cities were calling for Southwest to expand service to their location. At a time when many airline companies were losing money or going bankrupt, Southwest was overflowing with opportunity.

So what did they do?

Southwest turned down over 95% of the offers and began serving just 4 new locations in 1996. They left significant growth on the table.

Why would a business turn down so much opportunity? And more important, what can we learn from this story and put to use in our own lives?

Do Things You Can Sustain [James Clear, JamesClear.com]

Some more behavioral tactics [Twitter Thread]:

If it’s been a while since you passed the CFP® exam, could you sit down and pass the exam today? Probably not, right? How you can turn forgetting into an advantage [Article]:

“Even so, relearning is something to celebrate, not to be embarrassed by. The mistake isn’t having forgotten, but in letting a temporary drop in ability keep you from learning again.”

No, You Haven’t Forgotten Everything [Scott Young, ScottHYoung.com]

Which piece of content did you like? Comment below!

Follow me on social media for the latest updates:

Leave a Reply

Your email address will not be published. Required fields are marked *