Here are some thoughts from Bachrach and Associates, a firm who trains quality financial advisors they like to call Trusted Advisors. Do you agree that we all need continued coaching and training? See if you can guess their answers in Part II.
"Principal Steve Perry, renown for his success in helping parents help their kids succeed in school and in life, says that parents who have the most success with their kids:
Are consistent
Have a structure in place
Monitor the structure
Follow through
According to Perry, one of the biggest mistakes parents make is giving their kids too many choices. Another mistake parents make is spending too much time being friends with their kids. They are too nice. Perry says, "Parents are not holding their kids feet to the fire to do what's necessary for them to be successful." According to Perry, kids actually value consistency, structure, and parents who follow-through with monitoring and accountability. They know they need it and no matter how much they may rebel in the moment, they recognize this as a sign they have parents who care and love them.
Without consistency, structure, monitoring, and follow-through kids become adults without the habits required to create predictable, recurring, and lasting success.
What does this have to do with being a successful Financial Professional? Everything."
Let me know your opionions, and guesses on their ideas in Part II.
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