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Defining Success
38 Plays18 days ago
This week Phillip delves into defining personal success and how it shapes unique financial plans. Emphasizing the importance of understanding individual goals, Ramsey encourages listeners to engage with financial advisors or mentors who value their unique aspirations. He shares insights on crafting wealth beyond traditional means, drawing from his experiences with clients pursuing innovative paths. For those ready to redefine wealth, Ramsey offers guidance on finding supportive, understanding partners in the financial journey.
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Transcript
Introduction to The Uncommon Wealth Podcast
00:00:02
Speaker
Everyone dreams of living an uncommon life and the best asset you have to achieve your dreams is you. Welcome to the Uncommon Wealth Podcast.
00:00:14
Speaker
We're going to introduce you to people who are living uncommonly. We're also going to give you some tools and strategies for building wealth and for pursuing an uncommon path that is uniquely right for you.
00:00:29
Speaker
Hello, everybody.
Distinctive Financial Approach in Advising
00:00:30
Speaker
Welcome to another episode of the Uncommon Wealth Podcast, where I'm your host, Philip Ramsey. Today, i get to kind of dissect our whole process, what I think our superpower is in the industry, and how it parlays into finances.
00:00:45
Speaker
um And then I guess kind of encourage you, the listener, if we aren't your advisors, or you haven't talked to a advisor yet, what you can kind of do to make sure that you are... um Still the driver of your financial plan. And so to me, I think it's super important before you talk to any advisor is what's your definition of success?
00:01:08
Speaker
Why did you reach out with a financial advisor? So if you or if anybody that you know have reached out and done the 15 minute consultation, The first or second question I'll ask is, hey, what's your definition of success here for this call or even to reach out to a financial advisor?
Defining Personal Success Before Financial Advising
00:01:25
Speaker
There's so many advisors out there that will tell you what your definition of success is by putting you in a product or telling you need more life insurance or i don't even know.
00:01:35
Speaker
But they have other agendas other than asking you what your success is. And that's really the reason why we started this whole, or I started in this industry, is I didn't feel like there was a good advisor out there that would ask me questions and and try to...
00:01:51
Speaker
understand who I was and where I was going. They had options, they had products that they definitely would have sold me. And it just didn't feel like anybody heard, seen, valued me and tried to help me craft what I wanted to do to move forward.
Understanding Clients' Unique Success Definitions
00:02:07
Speaker
That to me is what our company's DNA is is built off of. is that you are uniquely gifted. You are valued and you have complete, your complete asset. So first off, we have to understand who you are, how, what gets you excited?
00:02:25
Speaker
What may be the direction you're going? Again, your definition of success. Sometimes people come to us and like, we don't even know what our definition of success is. That's where we can ask a lot of questions and help you start kind of understanding maybe your value and what gets you excited. um We do that all the time.
00:02:42
Speaker
And I feel like that is such a oh a gift that we can give our clients. But also when people leave our conversations, a lot of times they're super encouraged. They're encouraged that somebody actually took time to understand them. They feel heard, valued, and they're excited about where things are going to go. Instead of people leaving the financial advisor office and be like, well, that was a cool product that they just talked about for the whole time. We feel like our job is to let the our clients talk the majority of our meetings, especially at the beginning to understand like what, where they're going, how, how they're, how they're wired, what's their gifts, ah things like that.
00:03:25
Speaker
um And so I think our, like, I don't know if our expertise, but I definitely think the place where we we really meet the market is by understanding that each one of us are different and we're going after different things.
00:03:39
Speaker
So first, let's define where you're going, which is define your success. So if you're just sitting there. and you're like, well, i don't have an advisor, I'd first say, hey, go on a a date with your spouse if you're not married, no
Mentorship vs Financial Advising: Choosing Your Path
00:03:52
Speaker
problem. um Take some time, think about what your definition of success is, and then,
00:03:59
Speaker
how you can achieve that, but also then how can you hire somebody or have somebody walk shoulder to shoulder with you, hold you accountable to helping you take one step closer to that definition of success.
00:04:10
Speaker
You don't need a financial advisor. You can have your brother do it. You can have your sister, you can have whoever you're, you have a friend do this. But I do feel like it's helpful to have somebody who has walked that path before. So maybe mentorship could be a cool idea.
00:04:24
Speaker
um and maybe your mentor is your financial advisor. That's awesome. Dude. You don't need a financial advisor. ah That's totally like I've seen a lot of people build a lot of wealth with mentors.
00:04:37
Speaker
So, Yeah. So I feel like that's where we kind of meet the market. That's where our DNA is built off of. If that sounds like something that is exciting to you, man, take the next step, go get a mentor, go figure out what your definition of success is and go talk to a financial advisor, see what they can do, see how they'd help. Again,
Building Unconventional Wealth Through Entrepreneurship
00:04:55
Speaker
we'd love to help. um But we just want other more people to understand their value. And then to go down this whole uncommon wealth path, which is kind of like building your wealth in other ways other than traditional stuff. Again, we do all that stuff, but we get excited when people are really diving into creating something. There's such a refinement that happens when you're building a business.
00:05:17
Speaker
Lord knows I know that. um And then I would say the the growth that happens from that. It's just really cool. It's fun to be of front row seat on that every day. so All right, that's my thing. Define your success. I know we've talked about it in the podcast before, but I still feel like it bears repeating.
00:05:35
Speaker
You've been listening on Commonwealth Podcast. I've been your host, Philip Ramsey. Until next time, go be in common and define your success. Thanks for listening.
00:05:46
Speaker
That's all for this episode brought to you by Uncommon Wealth Partners. Be sure to visit UncommonWealth.com to learn more about our services. Don't miss an episode as we introduce you to inspiring people who are actively pursuing an uncommon life.