Self motivated individuals should turn into life coaches

It’s very rare for me to find a truly self motivated individual. Most of the really self motivated people that I’ve come across tend to be life coaches.

Most life coaches produce books that help people realize their potential or lead more fulfilling lives. I currently follow Tony Robbins and Eckhart Tolle whom are dedicated life coaches. Bill Gates and the late Steve Jobs are also people who could have been life coaches if they didn’t already have successful products.

My guess is that the most famous people alive in this world are also great life coaches and that’s the reason why they are more famous than people who have earned more than they have.

To get ahead of the portfolio management game, I’ll have to reposition myself as a motivating person. I can stop at motivating people to give me their money to invest but I probably should do more than that.

What one can achieve in 10 years can greatly exceed what one achieves in 1 year

I first heard the statement from Bill Gates. He said that what one achieves in 10 years is far greater than what one can achieve in 1 year alone.

10 years ago, I was starting off an information technology career and 3 years into it, I started hitting an upper limit in my website building skills. I couldn’t create advanced websites but I could fix smaller issues in existing websites. I wasn’t getting opportunities to work on my wireframing skills and I didn’t have ideas for a really interesting or useful website that I could produce.

I received an invite to try out financial trading and 3 years later, I found out that I couldn’t recover the capital that I used for trading. Tripling my money in the first three months did not guarantee that 3 years later, I’d be in profit instead of out of capital to continue.

I started learning long term investing in 2014 and in 2017 I am in profit and I plan to stay in the field. I’m not sure where I’d be in 2027 and while I’d like to be a established portfolio manager, I can at least aim to be an established investment advisor by 2020.

Investment advisory services in India are usually just about selling mutual funds. I’m already a step ahead in that game in that I can build my own financial processes and turn them into investment products that I can sell.