In this episode, we discuss how on your way to greatness, there is going to be a dip, and it’s up to you if you want to bare that dip or not.
Full Transcript
Hi Everyone, welcome to the You’re Daily Cup of Joe Podcast, with your host Joe Bautista. In this podcast, my goal is to give you quick lessons that you can reflect on in your journal so you can grow yourself physically, mentally, emotionally, and spiritually and have a better career, better relationships, and better personal finances while you enjoy your morning cup of coffee.
I’m also the author of the book “More You Know, More You Grow: How to Get Better Every Day”. In this book, I wrote down over 30 tips to help you grow in those four cornerstones. I’m also the founder of Grow With Joe, where I combine self-development coaching and financial planning for Latino Professionals.
At the end of today’s podcast episode, I’m going to give you a prompt question to reflect on in your journal. The idea is to take one to five minutes to reflect on today’s lesson and write a minimum of one paragraph on how you can apply the lesson in your life life. You can use an actual journal, a word document like on Google Drive, or your note-taking app like Evernote. The idea is that you’re actually thinking about how to process the information to help you improve your life.
In today’s episode, we’re are going to talk about the importance of getting past the dip in life. There is a great book by Seth Godin called “The Dip: A Little Book That Teaches You When To Quit And When To Stick.” This book just gives you perspective on what it takes to get past those low moments in life.
Whatever big goal you’re trying to accomplish in life, there is going to be a low point that you have to get past. You then have to decide as a person, if you want to go through that dip or want to go back and try something else. I’m basically going through the dip right now with my Grow With Joe Business.
I just left my firm about a year ago to start my own thing from scratch. Since I signed a non-solicitation agreement, I couldn’t bring my old clients with me and this has been a challenge. It also took me longer to get registered as a financial planner than I thought. I thought I was able to leave my last firm in Jan and start my business come March, but that wasn’t the case. I ended up getting approved for my firm in July. So that was four months of just waiting to get started and no revenue coming in. That was tough to get through because I was wondering if my registration was ever going to get approved and I was thinking I should be doing something else with my life.
But I just kept reminding myself why I wanted to become a financial planner and that I was fine because I was living with my parents and my expenses were low. What helps stick with my Grow With Joe Business is that I don’t have that many responsibilities. I can still watch my Portland Trailblazers as a way to relax because I don’t have to make all the money right now to maintain a family. I’m okay with taking a reduction in my standard of living now so that I can have a brighter future. I know I can have a bright future with financial planning, I just need to get my 30 clients and I’ll be fine.
I know I’m good financial planning and people need my services and I just need to keep searching for my 30 clients. It helps know that I just need to reach this one number and I should be fine. I already have some clients after a couple of months of staying in business, I just need to do the marketing to get the rest.
I also visualize what it would look like once I get my 30 clients and what my life would look like and I’m looking forward to getting that life. You have to believe that you can get past the dip. It’s kind of like going on a long run up a huge hill. You start off with a lot of energy, but there is going to be a point in the middle where you’re going to struggle and you wonder if it would be easy to call it a quits and go back down the hill, but if you have the mental and physical strength, then you will push through and then once you’re 10% away from the top, then there is really no stopping you. No one really quits near the end, they all quit during the middle part.
I just went to a financial planning conference for XY Financial Planning and they talked about what it takes to become a successful financial planner and they said it takes about three years. Year one is bad, year two is even worst, and year three is just a tad bit better than year three, but after that, then you’re living a great life because you have enough clients to maintain a lifestyle. So I’m in year one and I saw other financial planners who made it and if they can make it, then I know for sure I can do it myself. I just need to keep going.
XY Financial Planning prepared me mentally for the next three years so I know that type of dip I’m getting myself into. In reality, it is not so bad since I don’t have any responsibilities. If I had a family that would be a different story. I can eat poorly and skip out on some entertainment and put in the long hours to work on my business. I like to work so that doesn’t really bother me. Plus I make sure to take care of my health. This is important to me because it helps me prepare for the day. If I don’t work out then I know I won’t get past the dip. So when you’re in the dip, I think it is important that you have some type of release valve that you can use when things get stressful and exercise is mine. You’re going to build up stress hormones and exercise is a great way to get rid of those stress hormones. If you just let them build up, then your health is just going to deteriorate and you’re going to burn out.
I still have a way to go before I’m out of this dip but I know I can make it out because it’s worth more to me than choosing any other life for myself. The pain now is going to be so minimal to the joy I’m going to have in the future.
That’s it for today’s episode, and to summarize it, whatever big goal that you have for yourself, there is going to be a high likelihood that you will have to go through a dip. The dip will be stressful but on the other side of the dip is where huge amounts of growth all and abundance. So make sure the dip is something you want to go through, that it is something actually worth it, be patient, and make sure you have a release valve that you can tap into like working out so you don’t burn out. If you want to get more information about getting past the dip, I would recommend that you check out Seth Godin’s book the dip and I will have a link in the show notes at growwithjoe.me/episode181
So in your journal, ask yourself, what is the dip that you need to get past to help you live your best life? What are somethings that can help ensure that you actually get past it? If you haven’t started your journey through the dip, what is stopping you from getting started and how can you overcome that obstacle? Remember to write at least a paragraph.
Thanks for listening today! To get a free copy of my book “More You Know, More You Grow: How to get better every day” just go to my website growwithjoe.me/book and just pay for shipping and handling.
I have a quiz on my website that grades your inner circle, so if you want to find out if your inner circle is an A, B, C, D, or F, you can take that quiz at growwithjoe.me/quiz
I’m also trying to do a feedback Friday episode, so if you have a question that you would like to have my answer on the air, just e-mail me at [email protected]
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Thanks for joining me today and remember if you go with Joe, you can grow with Joe, cause Joe knows Dough.
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