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What is a Lifestyle Practice and How to Build One
Manage episode 409189911 series 3564924
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In this episode, Rafi dives deep into the concept of building a "lifestyle practice" for financial advisors. He defines a lifestyle practice as a business model focused on maximizing income while enabling freedom and the ability to live life on your own terms - putting lifestyle first.
Rafi contrasts the traditional advisor hustle of long hours and constant grind with the lifestyle practice approach of being hyper-efficient, focusing only on high-impact activities, and designing your business around your desired lifestyle. He outlines the three core pillars of a lifestyle practice: Income, Freedom, and Impact.
Throughout the episode, Rafi provides actionable strategies advisors can use to build a lifestyle practice, including niching down to an ideal client, implementing systems and processes, and eliminating, automating, or delegating low-impact tasks. He emphasizes the power of designing your ideal lifestyle first, then molding your practice to support it.
He also shares his own journey implementing these principles, working less than 40 hours per week while growing revenue. He makes a compelling case that "more is not better, better is better" when it comes to running an advisory business aligned with your values and lifestyle vision.
Email: Podcast@peacefuladvisorlifestyle.com
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Music Credits:
Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/all-good-folks/electric-island
License code: DWTQAJQVKDSIBNEP
4 episodes
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