95: Increasing Your Efficiency, What's a Fiduciary, Advice to Your Younger Self

03:41 - Being Efficient in Life 09:50 - Sex trafficking 15:21 - Fiduciary Role 40:20 - What type of Advice you would give to yourself? 43:34 - Hear from Sammy Hagar (The Red Rocker) How to Become More Efficient in Life “Complexity is the enemy of execution.” You don’t have to be an entrepreneur in order to relate to this segment. Whether you are or not, a lot of times our ideas come from us wanting to solve a problem in the outside world. Whether, it’s wanting to improve something you are using each and every day, or the services already within a business or industry, that you think could be improved. When you come up with an idea, don’t overwhelm yourself with thinking about everything you have to do all at once. You will, without a doubt run into challenges along the way, but it’s not about the challenges or our fears of stumbling, it’s about mentally staying there and not giving up on your goal. Simplify what you’re doing by sticking to just one phase of the idea at a time. Focus on your main purpose without looking 10 years down the road. One main reason why your great ideas "die out" is you don't do anything with them. A great way to accomplish nothing is to attempt to do everything. Break up your big idea into several small ideas, by asking yourself these questions… How do I help one client right now? How can I improve this one area of an industry? Challenge: Write your idea down, and note why you think the market would want your idea. Start small, using Facebook to gain feedback by sending out messages to friends or people you know, sharing your thoughts and ideas. Then, pick out 4 or 5 people who can help take your idea to the next level. How to Improve The World Around You. You may want to add value to people in other ways. One huge problem in the world is the sex trafficking industry. Today, there are more than 20 million kids in the world that are trapped in slavery. The very best way to eradicate this issue is by good people like us, stepping out and doing something. The reason evil grows is that good people choose to do nothing. One way you can become more involved in ending this sex trafficking industry is through an effort called “Operation Underground Railroad.” Here's how you can become a part of this movement: Place of Hope Christ Fellowship's Hope For Freedom Live Action - The Child Sex Trafficking Cover Up Understanding the Role of a Fiduciary Basically, a fiduciary is a person other than yourself, who acts as a financial advisor for you. This financial advisor helps manage your money and investments, giving you advice and the steps you should take that align with your best interest. Many of the "advisors" at the companies you may know about, such as Wells Fargo and Merrill Financial are not fiduciaries. Most of the time these companies are brokers. Tony Robbins, 6-time best-selling author, discusses the ideas and importance of a fiduciary, as well as giving expert advice in his latest book, “Unshakeable.”  Giving Advice to Yourself. If you could go back in time and give your younger self some advice, what would it be, and why would it be that? What are you doing to actively pursue good advice in your life? Make sure your decisions are based on your future opportunities. Whether that has to do with your wealth, improving your life, or your relationships. Regardless of your age or the situation you are in at this moment, focus on where you want to go and where you want to be 20-30 years down the road. Evaluate, and discover the steps you need to take in order to reach that goal. Our end result all comes down to our consistent actions over time and the choices we make along the way. We can all agree that nothing happens by accident. Sammy Hagar's Advice to Younger Sammy Hear what Sammy Hagar had to say. He was the lead singer of Van Halen and is known as the Red Rocker, and during this short clip of the interview he speaks about what advice he gave to himself and...