To Ensure Success, Financial Advisors Must Fight Through Mental Roadblocks and Self-Doubt

To Ensure Success, Financial Advisors Must Fight Through Mental Roadblocks and Self-Doubt

Being a financial advisor can be an enriching career with both monetary and personal fulfillment. The price for such success is years of hard work, sacrifice, and overcoming extended bouts of mental roadblocks and self-doubt that can shatter one’s self-confidence and potentially derail a career.

These mental hurdles can manifest in various ways but are almost always a result of intentional or unintentional behavior that hinders your own success or well-being—in other words, self-sabotage. It’s like consciously or unconsciously throwing a wrench in your own engine by the actions you take, such as procrastination, negative self-talk, perfectionism, quitting tasks prematurely, and avoiding challenges.

It can also transpire through unhealthy mindsets such as fear of failure, fear of success, low self-esteem, imposter syndrome, lack of confidence, and limiting beliefs.

Few careers are as demanding as being a financial advisor, which makes it imperative to avoid doing things that can make it more difficult. All these actions and mindsets are avoidable, but it takes a conscious effort to weed them out, using “emotional self-regulation” – a process of monitoring, evaluating, and modifying your behavior. Here’s how it works:

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How You Present Is as Important as the Information You Are Presenting

Don Connelly tips on his blog

The facts and figures you present to your clients may not be as important as you think they are. Clients don’t want more information. Clients want someone they can trust. While you are giving your presentation, they are not deciding on the accuracy of the numbers. They are deciding about you. Can I trust you? Will you always do the right thing? What are your values? Are you on my side? They need to trust you, not the numbers.
How you say something is as important as what you say.

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