In this episode of a six-part series, we discuss part 2 of the ways to become miserable, which is to only learn from your mistakes.
Full Transcript
Hi Everyone, welcome to the You’re Daily Cup of Joe Podcast, with your host Joe Bautista. I’m also the founder of Grow With Joe, where I combine self-development coaching and financial planning. In this podcast, my goal is to give you quick lessons on how to grow yourself physically, mentally, emotionally, and spiritually so you can have better careers, better relationships, and better personal finances.
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 financial planning with self-development coaching.
In today’s episode, we’re are going to talk about part 2 of the six-part series on the prescriptions to be miserable. There isno need to go to a doctor for getting a prescription for becoming miserable, you just have to do one of these six things and you’ll get right there.
So we’re going to continue on with the list by talking the second way to become miserable and that is to only learn from your mistakes. When you only learn from your mistakes, it’s going to set you back in terms of time and your money, and if you’re constantly setting yourself back with your time and your money, there is going to come to a point where you will hit a wall that you won’t be able to get over.
As you progress through your life, you will hit a wall but those walls will be low enough where you can easily step over them but they will gradually get higher and higher. So if you’re not learning how to get over those higher walls, then there might come a point where your stuck and all the resources you need to survive or live the life you want to live are on the other side of that wall.
But since you’re not on that side, that’s when you become stuck and that’s when feelings of hopelessness will creep in, followed by depression or anxiety and then you will just have even more work to do get you over that wall.
We are not born with all the answers and that’s why we need to go seek the expertise of others. They will save us time and money. I love how I can listen to a podcast, watch a YouTube video, or read a book and download tons of wisdom that I can use in my life. Reading a book like Snowball which the biography of Warren Buffett or the Steve Jobs biography, gives me tons of life lessons that I can implement in my life in about 8 hours of reading for each book.
Now when I’m going through my day, I can see what are obstacles that are coming my way and I will be able to easily bypass those obstacles because I’m ready for them. Then I won’t have to waste time and money.
I’m always looking for ways to get better. When I first got into financial planning, I made a ton of mistakes because I didn’t know what I didn’t know. I would overspend money on dinners for prospective clients that wouldn’t work out or try some type of marketing technique that didn’t work out. I just took those things as learning opportunities to improve in the future, I also made sure to seek out resources to make myself a better financial planner in the future.
The first firm that I joined as a broker-dealer, so my job was to sell insurance and investment products that I would get a commission off of, but I was also limited in how I could market myself. I had to rely heavily on referrals and going to networking events. This is a very hard way to build a business because I found that my well was drying up and I wanted to try content marketing to grow my client base but I was not told that I couldn’t because the compliance office didn’t have the bandwidth to handle 500 financial advisors doing their own marketing plan. I just accepted their way because I was not aware of any other options.
But then I heard on a podcast that I could provide financial planning in a different way. By joining the XY Financial Planning network, I do a subscription model that would allow me to target Latino Professionals who didn’t have $500k in assets. With my previous firm, I was unable to charge a monthly subscription. I had to tell the person to pay the entire thing up front which made it difficult for a lot of people to pay $2000 upfront, but now I can break up that payment over 12 months now.
By going out and finding a solution to my problem, I have been able to get over my wall. If I didn’t seek that wisdom, I would have been stuck. I probably would have just quit my job and took another job that I really didn’t want to do. I remember, I told my old company that I wanted to quit because I was having problems with my spouse and finances, and I was really close to quitting, but I was just thinking about what I should do with my life and I didn’t want to get away from financial planning. So I decided to keep going. It eventually cost me my marriage but I love what I’m doing. I went back to my old company for another year but I was not very satisfied with their business model and I’m so glad I found the XY Financial planning network.
I know if I would have stayed with my other job or done something else I would have been miserable. I was just learning from my own mistakes, but going out and searching for that wisdom, I’m so much happier now as a person. So if you want to stay miserable in life, only learn from your mistakes. I find it so frustrating when I’m talking to someone and they don’t want to learn from somebody else. I wonder if people think this way because they are expecting the world to change to their perspective instead of the other way around. Ryan Holiday had a great analogy where he said we are the hammer and the world is an anvil. You can use your skills, or the hammer and the anvil to help create some amazing things but if you try to force the anvil to be something else, all your going to do is break the hammer. So you’re going to break yourself down. This is why you have to learn from other people’s mistakes so you don’t break yourself.
I know I can’t save the whole world, but I can save a slice of it, and I’ll be able to do that if I know the rules of human nature and the world.
Thanks for listening to today’s episode, to summarize it, Life is to short to be miserable for longer than you have to. So make sure you learn from other people’s mistakes. This will save you time and money. The money you can get back again, the time you can never get back again. So make sure you’re not wasting your time and start living your good life.
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]
I’m also on Instagram at Grow With Joe and Facebook just look up Grow With Joe
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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.
*Music outro
