10 | Lee Hyder | Turning Challenges into Opportunities: A Financial Advisor's Guide

Wealthy Advisor Mindset

In today's episode of The Wealth Advisor Mindset podcast, Nina is joined by Lee Hyder, a seasoned financial advisor with 32 years of experience in the industry. Lee shares his unconventional journey into the world of financial advising and asset management. Starting with an insurance license acquired through responding to a classified ad, he narrates his evolution from selling health insurance to becoming a pioneer in living trusts and estate planning. His venture into assets under management (AUM) marked a significant turning point, transforming his approach towards financial advising and leading to the management of $80 million in assets. Lee's story underscores the importance of seizing opportunities, adapting to new market trends, and the transformative power of embracing assets under management.

Nina and Lee explore the psychological facets crucial for financial advisors' success, focusing on mindset and resilience in the face of setbacks. Lee candidly discusses the challenges and fears associated with growth and change within the industry, emphasizing the need for faith in oneself and the value of mentorship. His story illustrates the critical role of mindset in navigating the complexities of the financial services industry, highlighting how a positive and proactive approach can overcome obstacles and drive success.

Lee also reflects on personal and professional lessons learned throughout his career. He stresses the significance of not fearing failure and the importance of pursuing challenges that push personal and professional boundaries. By sharing his own experiences with vulnerability and growth, Lee inspires listeners to embrace risks, pursue their goals with determination, and maintain a clear vision of their "why" to guide them through their endeavors.

Enjoy!

What You'll Learn in This Episode:

• How Lee's journey through various roles in the financial services industry shows the value of adaptability and seizing opportunities, even when they come from unexpected places.
• The importance of maintaining a positive mindset and resilience in the face of professional challenges.
• The necessity of embracing change and innovation in the financial advising field.
• Strategies for managing stress and setbacks, including the importance of a supportive network, self-reflection, and not allowing failures to define one's career path.
• The significance of believing in the value you bring to your clients and how this belief can be a foundation for overcoming self-doubt and competition anxiety.
• The importance of setting clear goals and holding oneself accountable.
• The value of viewing failure as a stepping stone rather than a setback.
• And much more...

Resources:

Lee's website