Technical Side of Money versus Life Side of Money
![](https://www.happyrichadvisor.com/wp-content/uploads/2019/12/amrPandit-150x150.png)
![](https://www.happyrichadvisor.com/wp-content/uploads/2019/12/amrPandit-150x150.png)
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.
![](https://www.happyrichadvisor.com/wp-content/themes/mfatheme/imgs/calendar-icon.png)
June 19, 2020 | 1 Minute Read
![](https://www.happyrichadvisor.com/wp-content/uploads/2020/06/Technical-Side-Vs-Life-side-05-1024x689.jpg)
Most distributors and advisors obsess over the technical side of money – the products to choose, the benchmarks to beat, costs, returns, designations, better excel sheets and so on. They think that this is their differentiation and value add to a client. However, every value proposition sounds extremely similar and the client promise is setup for a failure at the outset of the client relationship. Best of all we send monthly or quarterly statements to show how this promise is not kept (because the focus is products and returns).
The Future is about Focusing on the Life Side of Money. How can you help a client live a Happier Financial Life? How are you getting clients to make progress in their financial lives?
Think about how valuable your guidance is to the client that even in COVID-19 times, he/she is able to maintain his/her lifestyle and does not have to worry about money. How valuable is your offering when it can help a family sleep well at night knowing that they are doing OK and that they are on track? There is no cost/price that you can attach to this (because it is priceless) and clients feel this when you have done this for them.
If you do this in a world class way, you do not need to show quarterly reports to justify your value.
Your role is to Answer Life’s Expensive Questions such as “How much is Enough to lead the life that I want? Do I have Enough? What do I need to do to have Enough?” (This is not an exhaustive list, but I am sure you get the drift.)
The Future is all about focusing on the Life Side of Money and the sooner you get this, the better and stronger your firm will be.
Similar Post
Nano Learning
The Rolls-Royce CEO Warning
Several weeks ago, Rolls Royce CEO Tufan Erginbilgic told company employees at their main British site in Derby, that the company’s performance was “unsustainable”, and that ....Read More
10 March, 2023 | 2 Minute Read
Nano Learning
Driving and Flying
How many of you know cycling and driving? I believe most (if not all) of us know cycling and driving. In fact, many of you might have amazing cycling and driving skills. Now imag ....Read More
26 February, 2021 | 2 Minute Read
Nano Learning
The Obstacle to Overcome
Shane Parrish in his email newsletter FS wrote something very insightful. “A huge obstacle to success is a fear of appearing foolish. When we learn to walk, we fall over and ....Read More
26 August, 2022 | 2 Minute Read
Nano Learning
These are the only 2 ways you can change
You either change by Design or by Disaster The choice is yours. What will it be for you? Or is there a third option... No Change… Still the choice is yours. P.S. The third o ....Read More
15 January, 2021 | 2 Minute Read
Nano Learning
Deep Driving Desire
Eknath Easwaran in his book “The Upanishads”, wrote some brilliant lines. I loved a verse so much that I had to share this with you (in the first Nano of 2024). “In haunting ....Read More
5 January, 2024 | 2 Minute Read
- 1
- 0
0 Comments