Mine your Minerals

Amar Pandit , CFA , CFP

Amar Pandit

A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

July 7, 2023 | 2 Minute Read

In his book, ‘Blend Out’, Robert Sofia wrote, “There is a battle going on in resource-rich states like Texas over the mineral rights on private property. Basically, if you don’t buy the mineral rights, someone else can, and they can mine those precious resources right from under your house.”

Many distributors and advisors are sitting on a mine of minerals (relationships, connections and data). Unknowingly, many in our industry end up letting these precious resources go right from under their business. We don’t pay enough attention to these minerals. We don’t have a 100% heart, mind, and wallet share with our clients. And we don’t think of it as important either. We resign to the fact that our clients will not solely work with us. We keep adding clients and at the same time let others take our precious minerals away.

If you don’t mine…there are others who will…

As always, the choice is yours…