Behavior Gap Radio: Exploring human behavior...with a Sharpie
Summary: Why do humans do what they do? Carl Richards uses a Sharpie to explore human behavior around money, emotions, creative work and just about everything else people decide to try. Behavior Gap Radio captures Carl's stories and insights.
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- Artist: Carl Richards: Human Behavior, Creativity, Behavioral Finance
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When you insert your opinion into the world, you need to be prepared for the possibility you might be wrong. It may be the timing, and people aren't prepared for what you're offering. But it may also mean that the path you chose just doesn't work. You need to listen carefully to the feedback you receive to separate the two. Could what you're doing work better with a few tweaks or at a later date? Or do you need to accept that it won't work period and move on? To learn more about being an entrepreneur and real financial advisor, sign up for the Behavior Gap newsletter at behaviorgap.com.
Take My Survey by Carl Richards: Human Behavior, Creativity, Behavioral Finance
When you insert your opinion into the world, you may discover that people don't understand your vision. You'll need to listen carefully to feedback so you can separate the advice that's worth acting on versus the advice that should be ignored. With this creative entrepreneurship comes a great deal of uncertainty. We don't know if our gamble will work, but we can increase our resilience when it comes to handling uncertainty. To learn more, sign up for the Behavior Gap Newsletter at behaviorgap.com.
The stereotypes we associate with business - boring, guys in suits, only about profit - aren't the only options available to us. For me, I see creating and building a business as a way to insert our opinion into the world. That's why entrepreneurship, at its core, is about creativity. Just imagine the difference you can make in the world if you choose to make your business a platform for supporting the change you want to see. To learn more, visit behaviorgap.com.
Adventure is Worth It by Carl Richards: Human Behavior, Creativity, Behavioral Finance
In a bit of detour, I'm doing a series that combines two things that I'm really passionate about: real financial advisors and entrepreneurship. Even if you work in a big firm, there's still many aspects of the job that require you to act like an entrepreneur. Maybe you're the principal of your own firm. If so, when you began, you were running a startup. It's a fascinating overlap that I'll explore in the next few episodes. To learn more about being a real financial advisor, sign up for the Behavior Gap Newsletter at behaviorgap.com.
What does it mean to be an entrepreneur? I find it most interesting when entrepreneurs act like artists. They feel compelled to start something, and the business became a way to insert their opinion into the world. I've noticed that this definition describes many of the real financial advisors I know. To learn more about being a real financial advisor, sign up for the Behavior Gap Newsletter at behaviorgap.com.
The Value of Speed by Carl Richards: Human Behavior, Creativity, Behavioral Finance
Saving Tail Wags the Spending Dog by Carl Richards: Human Behavior, Creativity, Behavioral Finance
For real financial advisor we often have to walk a fine line between our opinions and what clients tell us they want to do. But we need to remember, our values don't trump our clients'. Of course, we need to give the best advice possible. But if two options exist and a client prefers one and we prefer the other, we shouldn't try to force our preference on clients. To learn more about being a real financial advisor, sign up for the Behavior Gap Newsletter at behaviorgap.com.
One of the hardest things for humans to do is allow a little slack in our systems. Of course, we should be going all the time. We're wasting time if we don't...except it leaves no room to avoid burn out. What happens when we add some slack and give ourselves room to breathe, to reinvest? To learn more about being a real financial advisor, sign up for the Behavior Gap Newsletter at behaviorgap.com.
In this final episode of my series on humility, I think it's time to address the hidden fear of many advisors. Here it is: humility is NOT a weakness. I know, mind boggling. But I know from personal experience that we fear admitting we don't know something because we'll look, well, you name it, dumb, incompetent, and yes, weak. It's time to recognize that humility is a tool that will help us do a better job as advisors. To learn more about being a real financial advisor, sign up for the Behavior Gap Newsletter, behaviorgap.com
Using Humility As a Tool by Carl Richards: Human Behavior, Creativity, Behavioral Finance
Real financial advisors are asked to help clients navigate complicated systems that we aren't even sure the creators of those systems understand. Tony Isola's recent post inspired me to for this latest edition in my series on humility. To learn more about being a real financial advisor, sign up for my newsletter at behaviorgap.com. 1. Humility, With a Touch of Awe (http://tonyisola.com/2016/09/humility-with-a-touch-of-awe/)
Watching Grass Grow by Carl Richards: Human Behavior, Creativity, Behavioral Finance