Key Takeaways
- Historically our industry has only been willing to work with people who already have a lot of money—and that has to change.
- In order to change that view, we need to utilize technology and innovation and get outside of our systems.
- We need to do a better job of educating our young people about money, starting with those as young as four.
Email me or call me (800-480-7913) if you’d like to talk further about educating young investors.
When I was writing my books, one of the things I learned about myself is that I would only write well if the topic was something that fascinated me or motivated me. I’m really serious about that. If the topic doesn’t fascinate or motivate me, I’m bored and I don’t really want to do it. I bring this up because I’m completely changing this blog so that it’s only about what is currently fascinating and motivating, such as addressing young investors. I’m referring to people between the ages of 4 and 35, and how we can help them become successful investors.
Now, historically our industry says, “Hey, if you don’t have money, we are not going to help you out.” I mean a lot of money, by most people’s standards. That attitude has always bothered me. In order to change that view, I need a couple of major things to happen:
- I’m going to use technology and innovation to reach out to these younger investors to help them out.
- I need to get outside my system. According to Kurt Godel, the Austrian-American mathematician and philosopher, “To understand the system you are in, you have to get outside of it.”
Over the past 10 years or so, I’ve been participating in programs such as Dan Sullivan’s Strategic Coach® program, Peter Diamandis’s Abundance 360 program, Joe Polish’s Genius Network®, and 25K programs to expand my learning and innovation skills. Why? They’ve given me a whole different perspective on how to deal with the issues we face as advisors.
As you know, our industry is notorious for avoiding its issues and shortcomings, while somebody from the outside world can come in and make a difference.
I’m looking to attract the right people, the right opportunities, the right resources, and the money necessary to make this happen. If you’re one of those people, I’d love to have you on the blog. If you know others who are fascinated, motivated, and passionate about helping young people learn about money, educating them, and helping them grow to become successful investors, email me (gklaben@coylefinancial.com) or call me (800-480-7913) if you’d like to discuss this further, because this is a very high priority for me. This new blog is going to launch in the beginning of the year. I’ll talk more about that in my next two posts.
Until next time, enjoy.
Gary
