#81 Coaching Strategies for Financial Advisors and Wealth Managers

Thinking That Matters with Elizabeth Mahusay

In this special episode of Thinking That Matters, the tables are turned as my good friend and colleague, Rich Cavaness takes the lead and interviews me, yours truly, Elizabeth Mahussai.

In this episode, Rich and I dive into my journey in leadership and business coaching, particularly within the financial advising and wealth management sector. We talk about the transformative power of effective coaching and how it can elevate both individual and team performance.

We explore the foundational elements of a successful coaching relationship—authenticity, trust, and open communication. I share some of the key lessons I've learned from my years in direct sales and how those experiences have shaped my approach to leadership and team building.

Rich brings his insightful questions and perspectives, and touches on practical strategies for inspiring and motivating others, maintaining a positive mindset, and continuously growing as a leader.

Key takeaways from our conversation:

• My journey in leadership and coaching, emphasizing my focus on the financial advising and wealth management sector.

• The transformative power of effective coaching in enhancing both individual and team performance.

• The importance of authenticity, trust, and open communication in creating a successful coaching relationship.

• Practical strategies for inspiring and motivating others, and tips for continual growth as a leader.

Other links and resources mentioned:

• Robert Kiyosaki: Mentioned for his perspective on direct sales and network marketing as a valuable business learning model.

• Dr. Tom Barrett: Referenced for his concepts in Dare to Dream, Work to Win and Success Happens about the bureaucratic vs. entrepreneurial mindset.

• John Maxwell: Cited for his 21 Irrefutable Laws of Leadership, specifically the Law of the Lid.

• Travis Barker: Mentioned in a commercial about the term "rock star."

• Edward Jones: A well-known financial services firm.

• Morgan Stanley: A major global financial services corporation.

• MassMutual: Refers to Massachusetts Mutual Life Insurance Company, a prominent insurance and financial services company.

• Merrill Lynch: A leading wealth management division of Bank of America.

Books:

• Dare to Dream, Work to Win by Dr. Tom Barrett

• Success Happens by Dr. Tom Barrett

• 21 Irrefutable Laws of Leadership by John Maxwell

More about Rich:

Rich has an extensive background in the insurance industry and has owned and operated two successful insurance agencies over a twelve-year span. He currently operates Cavaness Insurance Agency out of Dallas, which is a multi-line insurance agency that specializes in life and property-casualty insurance. He is recognized by Farmers Insurance as a Top 10% agency in the country.

He is currently a Certified Master Coach Practitioner through the Certified Coaches Federation. His passion is helping people rise above mediocrity and be all that God created them to be. Since 2006, Rich has coached hundreds of people in life, business, and Bible-based principles.

Rich has authored five books now, and his 2018 release of The Gratitude Effect was nominated by the Author Academy Awards as one of the top 10 self-help books for that year. He was also one of the first Christian authors to respond in 2006 to The Secret, with his powerful book, Decoding the Secret: The Law of Attraction from a Biblical Perspective.

Rich’s top five strengths: high achiever, strategist, learner, focus, and maximizer. These are very helpful when helping people reach their goals and dreams.

Rich enjoys anything in the mountains, including skiing, hiking, camping, visiting family, travel, exercise, and reading and research.

Rich has two adult children and two granddaughters. He and his wife, Libia, live in Dallas.

Connect with Rich:

Telephone: [phone]

Email: [e-mail]

💡 Join the Growth Group initiative and Elevate your journey with our live, in-person training sessions, designed to ignite your potential and drive remarkable growth with a vibrant network of dynamic women!

https://linktr.ee/pwgg

More about Elizabeth Mahusay:

Elizabeth grew up a self-starter who as a young woman prided herself on her independence and self-sufficiency. She found herself challenged to develop deep and meaningful relationships because of her prideful “know-it-all” approach to life and work. She projected that she was perfect yet struggled to deal with failure, thoughts of insecurity, and the feeling of inadequacy. Through her study of the Bible, time as an entrepreneur, and the accountability of some great mentors Elizabeth, is a transformed woman. Today, she passionately invests her time helping others transform their thinking.

Elizabeth is author of the recently published Transform My Thinking, God study on the book of Philippians. She has published over 170 YouTube videos and hundreds of Facebook Live videos ranging from topics of business building, daily encouragement/motivation, inspiration, marriage, and Bible exposition.

Connect with Elizabeth:

Facebook: https://www.facebook.com/elizabethbmahusay

Instagram: https://www.instagram.com/ebmahusay/

Youtube: https://www.youtube.com/@ElizabethMahusay

Website: https://elizabethmahusay.com/