I Had It All, But I Was Miserable: Why I Quit Being a Financial Advisor
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- čas přidán 7. 09. 2024
- In this video, Leisa Peterson shares her personal journey, offering insights into the finance industry and the pursuit of finding a fulfilling career.
By watching, you'll gain perspective on:
-The realities of working in the financial services industry, including some lesser-known challenges
-How success and satisfaction don't always go hand in hand in high-pressure careers
-The complexities of balancing professional ethics with industry expectations
-A pivotal life event that prompted a reevaluation of career and life priorities
-The process of making a major career change, including the doubts and discoveries along the way
-Finding the courage to start over, even after years of building a successful career
-The importance of aligning your work with your personal values
Whether you're in finance, considering a career change, or simply interested in personal growth, this video offers food for thought. This video is an invitation to reflect on what truly matters in your professional and personal life.
To learn more about Leisa go to: www.wealthclin...
Connect with Leisa on IG: / leisapeterson
To buy Leisa's book, The Mindful Millionaire, click here: amzn.to/3Wg8wx0
To take Leisa's money quiz, go to: www.wealthclin...
I’m 72 and have come to a realization recently that made me happy. When you look at your processions and money, people often ask the question: When is enough, enough? I don’t have a lot, but finally realized that what I have is enough. Coming to terms that you’re at the ‘this is enough’ place in your retirement is very liberating.
@@GaryBilder what a beautiful realization.
"The people who needed the most help, had the least amount of money..." so true. Being poor is expensive.
The absence of education has the largest price tag. The "system" has ZERO incentive to educate the masses on financial literacy.
OMG!! I have always said that too! Being poor is expensive! It's so true!!
so ironic. having a lack mindset is also huge.
@@4WDmarshmallowYou’re 100% right.
Hi Leisa, as a financial advisor that went independent, I can totally relate to your story. There is an incredible level of greed in our industry and I just couldn't stomach basically taking advantage of people like that - our industry is totally-oriented around how much you can sell and it's nauseating. The people who stay in this industry at some of these larger firms eventually lose their soul and you can see it on their faces. So I created my own firm. I have no name-brand recognition now and I don't think I'll ever be as "successful" as I would have been at a traditional firm, but I have been much happier. Thank you for sharing your story!
“No name” brand, I like that 😂 @concapadvisory
What's your website. I am looking for a financial coach and advisor that is honest and has solid values
What’s your firms name?
Corporate greed and sales plans have corrupted every aspect of our live. Thank you for saying this out loud!
The US is all about money. We have the best government money can buy... and it has been deeply corrupted by money.
I can totally relate. For 10 years I was in a job selling investment products to advisors. It paid very well but was a hollow job serving no benefit but to put dollars in my and my company’s pockets. Never mind the constant pressure of hitting sales goals, meetings etc. I finally had it and quit. I am currently working for a retirement plan advisor doing retirement education. No sales, just pure helping people save for the future. I’m making a lot less but I am much, much happier and less stressed and feel like I’m really helping people.
I totally see you Joe. Thank you for helping people in this way. So many people need our guidance now.
Same! Done with wholesaling!
I Was a wholesaler too…..for 25 years. Made a FORTUNE! But hated every second of it.
@@walkerb1734 we’re treated like garbage
I am a social worker. I recently ditched my financial advisor and transfered to Vanguard. Now I know why my intuition told me to move on. Thank you so much for this video. I am a social worker who supposes to help people who in need. I recently feel that I am working for health insurance and making their money.
Thank you for all that you do to help people. I am sorry it is difficult to do what you most want to do. Congrats on going to Vanguard!!
Why did you ditch your advisor?
And why vanguard?
My husband and I went to a financial advisor and the only product the advisor wanted to discuss was life insurance even after we said we already had life insurance. That’s when we realized that we are on our own and we had to research and figure out our own financial path. Thank you for the video.
You didn't go to a financial advisor. You went to a life insurance salesman.
Exactly. And it also sounds like this presenter worked for an advisory firm that did not employ fiduciaries. There is a big difference between financial sales people (what she found herself doing) and fee only financial planners. And it took me several tries over many years to find someone I felt like I could trust and who provided value to me. But, every person's situation is unique.
I tried to get into financial planning by working for MetLife and all they wanted me to do was sell Whole Life Insurance, which is the worst and most expensive financial product. I quit immediately. Hardly anyone in the office had more than a high school diploma. They were too ignorant to question what the company wanted them to sell.
As an life&annuity actuary, I personally don’t buy any life insurance products at all, I just buy government bonds and S&P ETF.
As a CPA anyone with less than $500,000 doesn't need a financial advisor. They need education. ETFS, BONDS, REDUCE DEBT will get you along way. Understand all your employer benefits and how and when to use them. Look for a CFP or CPA will cost you less and you will get an education.
Also get basic estate planning documents in place, and review all beneficiary designations on a routine basis.
Please advise me
This is kind of an arbitrary figure.
For most people this isn’t so tricky…it just requires consistency, discipline, and humility. I say humility because the lack of it is why so many people make so many bad decisions: eg thinking they can beat the market.
@@patty109109 what I find interesting is the unspoken corollary: someone with $500,000 or more may need a financial advisor - yes, the cited figure may be arbitrary, but is the conceptual sense of it viable? (It’s coming from a CPA @shawnebeal6863, so perhaps it’s from a tax accounting perspective that s/he believes $500k and above is a threshold beyond which tax planning prevails on the investor.)
Listening for advice, what to educate my self with I need homework!
I was advised to get a financial advisor BY a family member when my husband passed away. Too bad I know a lot about investing and the person who told me to get an advisor lost so much money. Now I'm retired and she's still working. NOBODY KNOWS BETTER HOW TO HANDLE YOUR MONEY BETTER THAN YOU!
Totally disagree with that. Some people are downright dangerous with managing their own money and could truly benefit from a fiduciary. But as you said, you know a lot. So, you are fortunate.
@@ivanvarykino8202She is right. The key is that you need to educate yourself in this important aspect of your life. If you do not try to educate yourself, you will be at the mercy of others.
Sounds like you were responsible with your money. But most of the time people make very bad decisions, myself included.
But I do get a sense of what you're saying. I think that most people need financial education, and once they have the basics of how to prepare the simplest budget, how the stock market works, etc., then I do agree that handling one's money is the best way to go.
I invested tens of thousands of dollars with Cathie Wood, and lost tens of thousands of dollars. There are many charlatans out there
Please do not advertise here
Hiring a financial advisor when you don't have a complex financial situation is like hiring a valet to park your car in the garage for you everyday after work. It's expensive and unnecessary.
My experiences with Financial Advisors has been dreadful. So I do it myself and keep it simple. I have been in sales my whole career and take great pride in how I have helped my customers to make a good buying decision, backed with an implementation plan. I took money out of most deals which impacted my commission but enabled my customers to have the appropriate level of post sales guidance. I always find it interesting when people create these podcasts because they want to help everyone….and the next sentence is I have a book or I have a class…. There is nothing wrong with selling, most jobs require some form of it, but you can do it well and help your customers at the same time. Case in point the car salesman who sold me my car 3 years ago, sends me an email to remind me of recalls, service specials, offers to pick my car up for service and return it. Has my car washed before returning. This is for an average car. He does this because he’s building customers for life.
I fired my financial advisor in 2010 and took over investing. I ended up liquidating our 401k's & IRA, took the 10% penalties in 2017. Started a rental real estate business and retired from my W2's in 2021 at 50 years old. So grateful that God guided me along this path.
@ms8172 that is so awesome!
I was going to become a CFP many years ago but I quickly realized I would have to sell products to people that are not good for them and only good for the firms. I quickly abandoned that path. Now I spend my time exposing ridiculous insurance products and other poor investments at high costs to ignorant people. I’ve saved many people from the clutches of financial advisors and their abusive 1.5% fees.
I take exception to your suggestion that financial advisors have to sell investments that are only good for the firms. I’m a retired advisor and I never once made a recommendation that wasn’t in the client’s best interest. For example, I worked with a lot of municipal employees. When they retire, many have a choice of taking a lump sum (401k type) or receiving a pension for life. I never once recommended the lump sum even though that would have greatly benefited both me and my firm. And, since I did my job in the years before their retirement by assisting them with their 401, 457 investment manager selection, placing them in a life insurance policy (I’ve delivered checks), provided them with excellent investment managers with a proper asset allocation, provided estate planning assistance, provided a financial plan covering their whole life, just to mention some services I provided. I feel I have earned my 1.25% fee and their financial positions were improved.
I once interviewed for a financial services company. The process including taking several tests. The company finally decided not to offer me a job because -- as they told me -- I would not want to sell products I didn't believe in.
I was offered a job as a financial advisor with the understanding that I would bring in all of my existing friends and coworkers as clients. The idea of having to look at everyone I knew as a prospect was sickening. I didn’t take the job.
How are you compensated
@@mattym8 who are you asking?
Thanks for sharing. Sometimes I go back and forth in my own head about my own decision to walk away, so it was nice to hear your story. I just stepped away from a high-paying, high-level career in medicine to focus on my passion for helping people with prevention and taking charge of their health instead of waiting to see them after they are ill. It was an easy decision for me, but many of my colleagues still think I made a big mistake. I realize they would probably walk away too but they just don't see how they could, so they judge me based on their own limited view.
Good points DrDiane. It's a trap we fall in with high paying/level careers. It's usually feeding a system setup to extract $ from ordinary people OR in my case just devoid of feeling like what I was doing was helping the world / my community (software that manages corporate content). There's so much more to life with simply work directly with our communities. Good on you for making the contrarian move.
The world needs more doctors like you, people are quickly loosing more and more faith in the current medical system, including doctors, that don't listen, that push products for kickbacks, that misdiagnose patients unnecessarily and so on, do good for you and your patients.
I’ve been in your industry for 22 years. This is 1000% true.
😮😮
100 percent is enough
Exactly why I would never work with financial adviser. I’d rather make my own mistake than feel duped.
Exactly. And believe me I have made 6 digit mistakes !!! But I find it's helping me become a better judge of risk. And yes I am fortunate that this doesn't ruin me.
"stripped of all feeling for just long enough...." good way to put it
Wow - that was really inspiring! I really related to your story. I have a degree in finance and worked in the industry for 10 years but for me the lifestyle and method of making contacts and connections always felt ‘fake’. I quit my white collar job and started a blue collar business and now make 10x as much money but more importantly my conscience feels great now. I’ve been out of the finance industry 10 years and have never looked back yet prior to quitting my job, it felt like such a big leap of faith.
wow, really eye opening, thanks for sharing!
What is youe blue collar job and how did you make the transition, especially if one is a sole breadwinner with small children
@@ZoliOnTube I am not sure about Stephen's blue color business but for me corporate to blue collar transition came from real estate investment and construction services (handyman and remodeling). I live in Denver where there is good $ in just fixing simple things. Then I invest out of state where you can get cashflow. Memphis, St Louis, Oklahoma City - good cash flow markets. Don't get me wrong thou, my wife contributes even more to our home in her job. 2 income households is still required for some.
Very interesting story. I explored going into the financial advisor field in my 20's after finishing my MBA. I was fascinated in learning more about money and finance, but decided to stay in my current sales position in the major appliance industry. Given your comments about the finance industry, I would have been successful in the field (good at selling), but, like you, I wouldn't of liked the negative aspects you described. I ended up building a portfolio I'll never be able to fully spend. Happily retired at 58 years old.
“Confidence is more important than knowledge” - I work in fixed income trading and I’m surrounded with people like that. Financial services industry is so toxic it’s impossible to avoid burnout. Being your own boss and setting goals for yourself is extremely rewarding. Wishing you all the best and I’m planning to follow your example. Life’s too short to work for companies which squeeze you like a lemon.
So true @belizarius_997
I left my job as an attorney last year. I'm still stuck on what to do. If there were something i loved doing, I'd do it, like, 35 years ago. I've always been clueless.
I’m in the same boat but I’m a nurse with 23 years experience. Top of the pay scale so I scaled way back! Can’t leave cause I’m clueless too
@@2legit2Kwit if you can find a way to help Families that are struggling to take care of dying loved ones at home, we need serious respite services. Medicare has a lot of “fake” care that provides nothing more than an expensive blood pressure check and some chit chat. Not really helpful, but just 6 weeks post hospital fluff for the conglomerate run industry. There is a need there, everyone wants to stay in there homes to die, and care takers are mostly alone, struggling to do everything. A local medical trained helper would be a God send, if Medicare would pay, not the way it is now, but a real connection, and real help.
Trusts and wills, power of attorneys, advice on “end of life” matters, to make a plan how to transition medical and financial power when a person is dying. A legal “good service” for those who will take on the burden, especially in light of dementia. You won’t get rich making sure everyone has the necessary paperwork when they slam up against our predatory healthcare/banking industries trying to scrape every last dime off of the dying, but good lawyers need to be there for families, especially in terms of dementia. I was lucky to have a good advisor who helped to find the right attorney to make sure we were prepared. Just keeping a loved one in their home is a huge challenge. The medical system needs to be watched like a hawk, never leaving a loved one alone for one minute, and banking and property issues need to be set up perfectly, so banking and medical don’t try to “take control” of the extreme elderly to siphon off wealth. The law is only as good as the individuals inside it. Ours is a perverted parasitic society, that needs changing on an individual level. My finance (and legal experiences) made me the most well informed and strongest advocate for my father in his last years of Lewy Body Dementia.
Same here. I managed to take jobs that offered at least the opportunity to travel because that was the only thing that made working at any job palatable.
Do you have to get back to work right away? If not, maybe volunteer at different organizations to see what field you like. For instance, you could volunteer at the library teaching ESL, in a school, hospital, etc. Good luck!
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Evelyn’s trading ideas and signal tips for your portfolio growth and aggressiveness. She is a woman who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Evelyn Infurna’s trade signaIs does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
Use her name to quickly conduct an internet search.
SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.
@Infurnaevely1
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
thanks for putting this out, curiously inputted Evelyn Infurna on the internet, spotted her consulting page no sweat, and was able to schedule a session ... she actually shows a great deal of expertise from her resumé
"... I don't know what's next but I know that I'm going to be okay ..." ".. what matter is that you're taking steps towards creating a life that feels right to you ..." I need more of that! Thanks for sharing your awesome experience story!
Thank you for your inspiring words. I abruptly left my job after 31 years in my career a year ago and decided to retire at 56 years old. I had felt stagnant for a long time and it became more of a struggle to go to work to a toxic environment. I knew it my heart there was more to life and that God still had a purpose for me. Now I feel joy everyday and have reimagined my life.❤️
That is so beautiful @Sally01d
Yep, sometimes the “hardest” thing to do is the “right” thing to do… follow after peace😇
Cheering you on! As a hairstylist of 46 yrs… I slowly went self employed and lil by lil starting cutting out things that dint bring me joy..ie… 1st I quit doing “standings “ ( a client that came the same Time every week to shampoo and style their hair… it felt like ground hog day..ugh .)plus listening to their woes… such a stress that causes cortisol issues😱 also when kids were young, ( & as a single mom ) I quit working Saturdays.. then changed my hours even more … then quit doing perms…y’all get the idea..,I’m such a ppl pleaser… and especially when ur in bus for your self…. Ya sometime forget to have boundaries 😢
thank you @laurapicht for what you do. My mom who passed away in 2007 of ovarian cancer was a hairstylist. She did that work from 1972 until just before she passed. It was not easy but it gave her some freedom and her clients were incredible when she had to go through chemo. So much gratitude for their kindness and support during that difficult time.
“The only way not to think about money is to have a great deal of it.” - Edith Wharton, The House of Mirth
Yet the most wealthy people in the planet obsess over it still…it’s called greed…it’s insatiable
I am not in the financial industry but I loved your message. I just quit an unfulfilling job myself and I feel such relief. Your story gave me added hope that I will be ok! Thanks!
You got this!
Great post Leisa. Similar journey here. Left a lucrative position in mortgage banking a few years ago without a clear path forward, but knew it was the right choice. My journey towards understanding the inner workings of banking and finance (not taught in universities), especially after the GFC, opened my eyes to things I couldn't unsee. If the average person knew just how corrupt things have become in this space, as Henry Ford once said, there would be revolution overnight.
Your assessment of the average asset gatherer is spot on.
I'm curious as to what laymen like me don't know about the inner workings if banking and finance industry..
Could you elaborate further?
Was a financial advisor for 30 years. The 08 collapse really took its toll on my psyche. Had to quit. Now I am a homesteader/farmer. I got tired of defending my clients from the criminals on Wall Street. It is certainly not the same as it was in the 80’s.
Wow, that is incredible. How does it feel to do what you are doing? I imagine it is hard work, but curious if you find it fulfilling in new ways?
The way you described the Financial Advisor service industry was the reason why I made to 7 figures without an advisor. It just takes patience and consistent investment towards retirement, then preserving that wealth. Thanks for your honest video.
My story too,.....99 pct of uninformed people would believe that a 1.5 to 2.5 expense ratio is a bargain. That ''minimal '' amount could steal 60 pct of your wealth over 40 years. Once you wrap your head around that fact,......you will have the motivation to educate yourself and become your own financial advisor.
This channel just popped up in my feed. I have a financial advisor through a small company. They wanted serious customers. You needed a minimum of 650K in total assets, and a trust before they would engage. Best decision I made. They are like family. My portfolio has grown incredibly large. I did my homework before deciding to invest. I also have retirement income that enables me to maintain my lifestyle if I lost it all, otherwise I would not having taken the step, to turn my portfolio over to someone else to manage. Thank you for sharing!
Thank you for sharing that!!
Wish I could get help from you.
Thank you for sharing your story. Last year I got very sick and I promised myself if I recover I will quit financial services job. Thanking God I recovered and quit the job the same day as soon as I felt much better. I quit my fs career after wasting 18years of my life in it. It took me 6month to find a job in different industry as nobody wanted to employ coming from fs. I agree 100% to what you said about the industry. It is commission based business and they don't care about people only corporate greed. I am much happier and fulfilled working in the hospital serving people who really need help. My life has a new purpose and a deeper meaning although Im on lower wage than the last job in fs. But I am much healthier and happier than I have ever been. The only regret is I should have quit it sooner much sooner. Life is precious, and it is never to late to make a change. And as you said it your heart knows what is right for you. Listen to your heart. God bless.
I’m so happy that you left and found something fulfilling for you.
I experienced the same thing. It’s all sales and I didn’t want to do that. I also found that knowing too much hurt my chances of success. I tell family members that they should never hire a financial advisor. I can educate them for free.
You reminded me of a retired financial adviser from our church 30 years ago. He was giving financial advise free of charge to everyone in church who wanted to hear about his experience as a financial adviser. He was very open about other financial adviser who were only motivated by greed and not about helping his clients make wise decisions about their future. At that time I was in my 20's and just had a regular 8 to 5 job and he cautioned young people about how they can be taken advantage of by people who would con them out of their savings. He was one of a few financial advisers who cared more about integrity and character rather than status and wealth. After listening to him, I was able to stir myself away from con-mens who would promise everything under the sun if I would trust them with my life savings.
I work in the industry and with independent financial planners/advisors who are fiduciaries. We care and we help people. It is not sales driven. It’s how we can help. There is a lot to know and understand. A fiduciary will ask lots of thoughtful questions. The biggest one is what your goals are. What do you want. What’s your dream? How can you get there? What keeps you awake? How can we handle those?
That's the difference between financial advisors and fiduciaries. There are far too many financial advisors and not enough fiduciaries. It would be great to have that in other areas of life, like for insurances (health, home, auto) and real estate, but usually it's people looking to make a buck off of others, some more some less.
It's better to follow your heart than being someone else. Happiest within yourself is way more important. Congratulations on making the best decision for yourself and your family.
Wow. I'm not sure how I found this video, but thanks for sharing your story.
Thanks for your honesty. That is exactly what I realized after talking to a number of financial advisors.
For those wondering, there are ways to do financial planning in an ethical way!!! For me, the most ethical and most valuable way is through the advice-only model, clients pay for your time and advice and you get to implement it. No conflicts of interest, no ulterior motives. Not super profitable for the advisor but you can make a living. Then these fee-only for an hourly rate or flat fee. Or what for me is just at the edge of acceptable, fee-only for an AUM fee. Still no sales and incentives, a little bit of conflicts of interest but not so many like the big firms
Thank you so much for helping someone who is some 20000 kilometers away, myself. I believe asking "why I should do this" on whatever we do is crucial, like you had asked yourself bravely. This will create a better world.
Thank you for this. I am a professional who has achieved all of my goals and I am miserable. I feel guilty for wanting to leave for what it would do to my family.
Thank you for sharing. My career is slowly killing me. I know i have to make that change.
Well done! The greatest tragedy in the financial services business was when CFP’ started selling financial products
‘
I’ve realized that advisors are like weather forecasters..They only know for certain yesterday’s weather..
Clever
Scarcity and Moral Injury are powerful concepts. Letting go of fear is also powerful.
When I was in college - early 1980s I called Merril Lynch to open an account, they wanted a minimum of $10K for an account. I wanted to invest in Microsoft but was prohibited due to insufficient money to open an account. Then came Schwab and FF today I worked for a major financial company for many years in trading and bond investing; and what she says is exactly what happens to the common investor.
I use my knowledge to inspire people to invest, but mostly the common person wants an easy fix (your favorite stock that will go up) to something that requires a long-term view and planning. So I tell these people to just stay with index funds.
The heart always knows the way - yes it does. There is something in the surrender experiment that rewards the seeker. I so appreciate this brave turn away from work that was out of harmony with you and into a calling that keeps calling. I've been on a similar path, changing "head hunting" into human connection. The time has come for a metamorphosis. And with that comes a the big shed of old skins. I join you sister!
love the idea of big shedding of old skins!!
Thank you SO much for sharing your story. I studied and worked as a Fashion Designer too, then changed to corporate real estate and I was miserable even though my pay was better. Now I moved to another country and I am looking for another path that could work with my goals. A family member suggested for me to become a financial advisor. But my gut tells me that that’s not the right path to follow. You share really good advice and I’m very thankful for this video.
Thank you for watching and sharing your story too!
What you just did was so cool. People like you can't help but be successful in many ways because you are trying to help people. God bless you
That is kind of you. Right back at you. I feel very fortunate to be in a position to do what I can.
Hi Leisa, financial advisor here of 26 years with all the designations. We could talk for hours! I'm ready to start a new journey. Became an FA for financial security, but it's time to see what life has to offer...I feel the same way about the shame of giving up the book after all these years, but like you said, life is short. So agree with you on so many levels. I'm nervous about the future, but Monte Carlo says I can survive ;-). Thank you for this story! I can relate!!
Good luck Michael. I believe we can live on a lot less than what we're led to believe. I do what it takes to earn money in a way that supports my values and it works, albeit at a lower income.
Endurance in the financial services industry varies from person to person and it's not a matter of right or wrong, strong or weak...simply, freedom of choice !
you should not hate it because being financial advisor, can make you millions here. millions of people need this type of advice
I was always had a fear of money so worked hard and saved some, then went through a major change and gave up a high stress career. I also adopted a modest, lower cost life style and its been fine. I wish I could help people invest and give them the confidence to do it themselves, because if you understand the risks and patience required so as not to frightened during volatility, things will likely work out ok in the long term.
So true!
You are a good person. I'm currently recovering from a financial advisor that only wanted to turn my money into their money. I'll never fully recover from that mistake. I still have trouble sleeping because I was so stupid that I trusted these people.
I really enjoyed your video. I wish the very best for you. Again, you are a good person. That's important. This life ain't a dress rehearsal.
Part of being human is getting tired of what we do all the time. The grass is always greener on the other side so to speak.
Very honest disclosure. Thank you. I know two wealthy people with AUM financial advisors. They have willful ignorance, not even knowing how much their advisors charge. The advisors fake friendship and tell them they can't retire yet. Unfortunately, as she said, it's a sales job that often preys on fear and ignorance. I've tried to counsel both friends to take charge of their investments but neither wanted to deal with what they might discover about the rip-off of assets under management.
I do agree that there are some terrible advisors out there. However there are some world class AUM advisors out there too.
@@brethoffman3520 But that’s like finding a needle in the haystack. And those advisers are only probably available to the ultra wealthy. The small investor doesn’t have a chance.
Beautiful story. I am a primary care provider and I am making a fraction of what I was five years ago... Simp.
Ly because I was a square peg in the round hole of corporate health care... It.
Is a lot of ethical dissonance to care for human beings with real problems and yet be punching the productivity clock... Your perspective is one hundred percent correct.. And over time, We have burned to live on far less money , but the quality of our life is impeccable. Thank you for sharing your story... it needs to be heard
@@susiemartin6497 thank you for sharing your story
You have an interesting (and somewhat tragic) life story. I have a feeling that many of us have similar tales to share.
All of this is so valid and true!!! Not just in your industry but many industries across the board, including mine in psychotherapy. Thank you for this message. It's really hitting me at this time in my life. It's very scary.
@@grumpyschnauzer 🩷
I'm a multi-millionaire, and I'm as lost as most people are in here. I don't know what the heck to do with my life now that I'm wealthy. Do I retire, or keep working? Life seems meaningless, whether rich or poor.
Jesus, friend, is what you’re missing
I’m in the same boat. Multi millionaire. Single 41 year old woman. My family has all died and I never married and have no children. My life now is my garden, homemaking, and my disabled animal. I am always alone and often go to the beach. More and more I enjoy my own company but I wonder what to do with the rest of my life. I quit my successful medical practice 2 years ago from burnout. I always thought I’d go back but I don’t have the energy left to take care of people. But what to do with the rest of my life? I’ve thought about getting a Motorhome and taking my little animal and going out to travel the country together but I’m a bit scared to do that alone. Life is an adventure and I have to remind myself to be grateful for everything I do have. Frame it to the positive.
@sarahjoy6704 Wow!! You so understand me!! My mortgages are paid off, a million in the bank, and I'm not sure what to do. I'm 43, so we are not too far apart in age. My real estate and investments ballooned, which made me my first million, and it snowballed from there. Still working as a management consultant in finance, but not taking my job seriously. Planning to go check out Malaysia, Kuala Lumpur or Thailand, where your dollar stretches even further. Not to mention how beautiful those places are. But there is no need since my income properties here in North America can pay for my living expenses. Life is good, but once you've made the money, your drive to work harder starts to wane. And then you try to find purpose in life again.
Nice to hear from someone like you. Enjoy life 🙂
@@tigerlee9613 Bali is great and so is Sri Lanka. I was in Thailand about 15 years ago and I really loved Ko Pi Pi (I think that’s how you spell it) off the coast of Phuket. Thailand has become very touristy and I believe Sri Lanka is more like what Thailand was before all the tourism. You will have fun wherever you go! I’ve been looking into Portugual or renting a summer house somewhere every summer Maine, Pacific Northwest etc for some adventure than return to my home base in Northern California for the rest of the year. I do like some routine and familiarity of home. I say enjoy yourself and spend some of your money. I’m over the cheap traveling. I like comfort and luxury now that I’m reaching middle aged. I want good food and a bath tub and I love to be surrounded by beauty. I also love camping but no more cheap travel trips for me- the point I’m making is that yes your dollar goes further in Thailand etc but enjoy yourself too! 😄😄
Thank you for sharing that.
Awesome testimony. Thank you for sharing the trauma and your strength to keep climbing 🙏🏽🦋
Excellent. I completely agree with you, particularly about the industry feeding off of its customers. I started my own RIA. I've always been determined to fulfill certain acomplishment, and one of these is, unlike the industry, to really manage money with good success. I keep track of all the metrics and I'm quite close now. I'm feeling better. So much of this success entails waiting patiently, both when invested and waiting on the sideliness to invest. And having smart people to listen to. I'm also lucky that my daughter figured out how to capture my attention, and so I feel that I have been a good father to her despite my work. With my son who is older, I missed a lot of his inner beauty, his traits and his idiosyncrasies. But a continue to pay attention to him now. It's really not completely too late. He's 28 and lives at home. Anyway, thanks again. You really got me thinking. Enjoy lake Tahoe. My wife's grandparents lived up there. I remember skiing up there when I lived in CA.
Thanks for sharing. You did the right thing. Don’t feel anything but pride, courage and wisdom!! Wish more people are as enlightened as you are.
Thanks for your honesty and transparency. Personally I am on the path to get more clarity about money, the why, how much etc. So your book is next. Blessings from Switzerland. May He keep and bless you 🙏
Thank you Leisa for sharing this. I relate to so much of your experience. I'm at that crossroads😇 and stepping out in faith to knowing that I will be fine.
I am so happy for you and appreciate you making this video. As someone who learned self reliance early on in life and the need to make that my North Star I can appreciate your journey.
@@MichaelHandymanMaker thank you 💗
This was one of the most inspiring, encouraging and valuable videos I’ve ever listened to. You are so well spoken and your words truly resonated with me. Thank you for sharing your wisdom and making a meaningful impact.
Thank you that means a lot to me. I'm glad it was helpful to you.
God , money, emotion, knowledge, pleasure, beauty, discovery, hope and connection 🎉
Thank you for this video. I am a career changer and newly licensed advisor. I had dreamed of helping people for so long and thought that this was the route. but you were absolutely correct that our industry is completely upside down. The barrier to entry for a new advisor is so steep and it is a survival mode when you begin. I think the biggest need is education.
Great financial insight indeed.
The poor will continue growing poor coz the investment gurus will never visit their streets.
It's true people perish for lack of knowledge and now I'm praying that God raise many more good Samaritans like Leisa to lift the many poor God's children.
Beautifully said, Leisa @Wealthclinic. I've seen you step into your true self since we first met years ago. It seems to me that our lives belong to the whole community, and we should, as much as we can, live them within our own unique genius (the unique YOU). We are each a force of nature, and we get to choose a mighty purpose that we deem worthy of living. Making a good or great living will follow suit. No one on their deathbed wishes they spent more time working in a job just for money or they'd spent more time at work. Onward to living beautifully!
Onward to the best we can create for ourselves and the told around us ❤❤❤❤
THIS IS LOVELY OF YOU TO DO. MUCH APPRECIATED.
Just want to say thank you for sharing such an honest and inspiring story.
You are so welcome!
Thank you for sharing, I can relate to how you feel. I'm currently working a corporate job & reached a dead end. I am currently thinking of ways to improve financially, mentally, & in my skills to work doing something that's fulfilling and allows me to live a better life for myself. I've been in Healthcare for 6/7 years in hopes of growing with a company. After applying to 25 departments at my current job, I haven't been able to move past my current department, which I've been in for 3 years now. It's helping me to think outside the box from what I've learned growing up and focus on what I like to do and building on that & getting my business going.
I appreciate your thoughts, thank you for sharing. ❤
Thank you for galvanizing my belief that my own understanding is the avenue I want to proceed.
Thank you for watching!
Thank you for sharing your feelings both towards the industry and about that horrific incident. A person I'm close with after her husband passed away, a fiduciary who was supposed to be "loyal" to her husband totally took advantage of the widow. She was able to, through the justice system, remove him from her late husband's trust. A lot of greedy people. If I'm selling something I want it to be fair. Never could I be a car salesman or sell annuities and prey on people's lack of knowledge.
I’m glad I came across this video. I struggled for 30 years trying to find the right work for me. I semiretired a couple of times and took a fun job paying nothing for 3 years. Luckily, over 30 years I was able to save and invest and eventually retire for good in my early 50s. Now, I look back and realize how lucky I was to never be satisfied. I never would have been retired this young if I was satisfied. Retirement is the best ‘job’ ever!
Thanks for having the courage to share this with the world, that is your gift! Shine on Sister!
You just want to follow your heart and want to be happy. Just have enough for yourself to hv a "comfortable'life .
Don't worry too much. You will be happy. Whatever you do , dont over promise and don't promote Greed.
Did I stumble into your video or did God lead me here, I’m done (hopefully) with my cancer treatment. 47, know very little about financial literacy as a child of immigrant parents . Living in fear of not making rent each month was I I grew up up. This fear has been around for years and after facing death, as I wake up I want life to be meaningful and worth living. I will buy your book. I thank you for your bravery. This topic, was the topic of this morning’s walk with a dear friend who is at the crossroads as well. God bless you.
@@lamamapanda9868 I’m so happy to hear that you’re done with your cancer journey - sending you lots of love and light from my heart.❤️
Thank you for this video. Absolutely true how it is “brave” to move on from a career that took years to get a degree in and then work many years thereafter. I had a similar path moving away from a nearly 20 year career in medicine to starting a business with my husband in his construction specialty . It took years to flourish but we learned so much, have grown, and found freedom.
So happy for you @heatherly!
I worked in Asset Management and I have always spoken about this "moral hazard". It is the reason I left as well.
Wow what a life changing experience. Thank you so much sharing and for your nuggets of hope for us!
Thank very much.l learned from you quickly and realized how important its to trust your gut feeling all the time.God bless you.
Thank you for your great video, confirming I was right all along by ignoring all financial advisors who reached out to me based on my LinkedIn profile.
A lot of industries are like this.
As a First Line Supervisor in this industry, I salute your honesty.
Thank you!
Thank you so much for your kind words and let the emotions rule the time you spoke in this video .!! Have an amazing life .!! 🌹🌅🙏
@@user-ru7jn9rm6u you too!!
I worked in the legal and compliance side of the industry. Former FAs make great compliance officer because of their extensive knowledge and understanding of the industry.
Good point!!
Thank you for sharing! Very helpful, especially the part of identifying fear; it resonates so perfectly with me. God bless.
Glad it was helpful!
I appreciate you started your video right away. Thank you for speaking about your experience as many of us don't know how to breakthrough from the system we're in! Kudos to You!
Thanks for sharing. I had a similar revalation after taking a sabbatical from a 20-year career in the tv production industry. Currently finding peace within the housing sector.
So basically I was moving to the U.S.A when you started studying finance 😊, after almost 35 years and having achieved a little of my goals, I finally planing return to my beautiful Mexico, very grateful for this great country and for all the opportunities it offered me.
@@lonelytravelerofficialnuev4355 🥳🩷
Thank you Leisa, this is very kind of you to get this out. Gaining a view of my fears and learning how to place them in a true perspective is important to me these days; and the role of money and security as it relates to how I live and enjoy my family is to gain freedom, and help them enjoy their lives more. "I am more than my fears", I will think about that.
What an amazing video! My journey was different but so many similarities. I hope millions of people watch this video because I know they need it.
So much good stuff in here. I'm really sorry you had to go through that really bad experience. It's good that it's being used for good.
❤ thankyou for sharing, I help people going through life & transitions in numerous ways through intuitive coaching & hypnotherapy... And I have seen & experienced similarly the struggles we go through to find ourselves & undo the social conditioning we unconsciously follow, until we hit a crisis point.
Sharing your story authentically takes enormous courage ❤
I think to be confident in youself, you need to believe in your product. Sell it that way. Via your passion. I am glad that service ended up being the commodity you were focused on.
What a great video! How inspiring! The authenticity came across loud and clear. Thank you and congratulations ❤
Wonderful video!! I’m at a gigantic crossroad that I didn’t choose and it’s frightening. This video really helped me today!!
@@rosecampion4337 so happy to hear it helped you 💗💗💗
Great to hear about the courage to “start over”