1. Guide’s Presence:
- A guide’s presence on a Himalayan trek provides comfort and safety for the group.
- Instructions at the start of the journey are insufficient for a successful trek because unforeseen events may occur.
2. Ongoing Support:
- Traveling through transient events necessitates continuous guidance.
- A guide provides support throughout the journey, adapting to challenges as they arise.
3. Product vs. Journey:
- A transactional approach is used when selling a product (like camping gear), but transformational guidance is needed when leading a journey.
- In transformational journeys, having a guide ensures emotional support and flexibility.
4. Financial Guidance:
- Going Direct with money management eliminates the ongoing support and guidance provided by a financial advisor.
- When working with an advisor, investment challenges can become opportunities, resulting in better outcomes.
5. Importance of Guidance:
- Success in financial planning and wealth compounding requires ongoing guidance.
- A journey’s or investment’s long-term success makes continuing coaching and support necessary.
6. The Coach/Guide’s Role:
- A coach or guide helps to make the journey or investment successful by offering guidance and navigating obstacles.
- Their presence guarantees flexibility, assistance, and making the most of all available opportunities.
Happy Reading & Happy Investing!!!
Viralkumar Shah (Certified Financial Planner CM – USA)
Author – Financial Planning Sahi Hai! – Keep Your Life Organized