This episode of The Confident Advisor Practice Podcast with Bill Bush and Chad Soileau talk about the similarities of what it takes to have success in sports and having success in the financial arena. Bill and Chad break down how the Three Ts: talent, team, and time play a key role...along with the non-T-word 'luck.'
Episode Highlights:
- 01:45 – Bill Bush and Chad Soileau make the comparison between the NASCAR
- success and having financial success.
- 02:51 – Financial success starts with having great talent involved.
- 03:24 – Make sure your talent is supported by a strong and resourceful team.
- 04:58 – Time is needed for talent and teams to work together and establish
success in the long run.
- 06:53 – Luck is the x-factor that rewards those that are ready for it.
- 08:07 – It is not just one element. It typically takes all of them working in unison.
3 Key Points:
- Talent is the front-stage, client-facing element in the financial world that is respected for their experience.
- The team has talent as well and they support and develop the frontline talent from the background.
- Time is the long-term continuity and familiarity that builds sustainability.
Tweetable Quotes:
- (Success in NASCAR) "Sometimes it is the talent. Sometimes it is the car. Sometimes it is luck. Most of the time it is all three." – Chad Soileau.
- "Luck favors the prepared. As we all know, if you are doing the right things over time and you are consistently doing them over and over and over and over and over, luck is going to be on your side more often than not." – Chad Soileau.
- "If you want to go fast, go alone. If you want to go forward, go together." – Chad Soileau.
Resources Mentioned:
