I am fascinated how one small event leads to a series of dominos that change your life.
When I was an advisor, one client told me he loved having me there so he “had someone to kick.” You’d think that’s what drove me from the business, but it wasn’t. In fact, that one spurred me on.
Back then, my daily goal was to develop the best strategies ever created. Today, each post I write is the best one yet. In fact, I’m diggin’ where this one is headed.
I was affiliated with a major financial planning company. You’ve heard of the firm. We had a quazi-big business meets franchise structure, so I owned my little company but had access to big corporate resources. One of those resources went by the name of Chris, who always worked hard to help my career. He was that Zig Ziglar type: “Focus on helping others get what they want and you’ll always get what you want.”
One morning, out of the blue, everyone in our region received an email from Chris:
This letter announces my resignation. While things are going well for me professionally and I’d love to continue earning this income, I know this isn’t my true passion.
I’m not leaving for a competitor. I’m not changing careers. I’m quitting because it’s impossible to decide what I want to really do when I’m working 16 hours a day at a job I know isn’t my true calling.
That note spoke to me like a Krispy Kreme doughnut to a guy on a diet.
Chris left the firm and became a mountain climber. He’s summited nearly every major peak in the world, including Everest. In fact, he helped my partner on the site climb Mt. Hood.
This letter made me examine my 39 year old life. I worked too hard. My young family was growing up without me. I was out of shape. Friendships all revolved around money and work. On the other hand, I’d built a business managing lots of money for responsible people. I loved my clients.
Chris’ words could have been my own: I, too, had this vague list of other dreams. but I’d never taken the time to define them.
Let’s Count the Reasons
I made a list
There were plenty of reasons to stay and to leave. Financially, leaving would turn my business into a mountain of cash from whomever purchased it, and I could use the money. But far bigger than the money was that feeling that my life was going away and I wasn’t paying attention.
So, at age 41, two years later, I sold my business and left. Cheryl found a great job halfway across the country that she enjoys and I started taking classes. For what, you ask?
I was going to become a high school English teacher.
My favorite part of financial planning was finding fun ways to teach topics people see as “boring.” I could do this as a high school teacher. The plan: I’d teach and coach track at some school. Awesome.
Things Don’t Turn Out The Way You’d Expect
I should have been more open. After taking the teaching certification test and beginning classes (which I loved), I began doing something I hadn’t done in years: I started writing in my newfound spare time.
Because business is in my blood, I quickly became bored writing without deadlines and explored ELance. Before I knew it I had a few steady clients. After exploring other paying writing gigs it became clear: I loved working from my home office and writing about money. The pay, although bad, wasn’t any worse than a first year teacher in our area. I had flexibility. My kids were finishing high school. I decided to write from home until my kids graduated, then re-evaluate teaching. Before I knew it, I’d started a blog with a friend. That was a year ago. Somehow, we’ve made it here!
The Blog – The Free Financial Advisor
My partner on the blog (we call him The Other Guy) and I have stepped in every hole imaginable.
- We had this novel idea about giving serious advice on the internet. Nobody does that, right?
- Google analytics? PageRank? Alexa? You mean you don’t just throw great tips on the net and people come running?
- What’s the broadest name possible? How can we find a way to help people now that I’m not a financial advisor anymore? I know….”Free Financial Advisor.” That name doesn’t sound like a scam at all.
- Podcast? Sure. We can screw that up as well as we can screw up a blog. Let’s do it!
It’s been a fantastic adventure. I’ve met a super new family of people here (capped off by meeting several new Yakezie friends at FinCon). Although I’m not the most active participant in discussions, it’s because I’m still soaking it in. I learn a TON from you all every day. In fact, I’m ecstatic when I can help someone new with a technical question. It’s fun to pay back some of the great help I’ve received from the Yakezie network.
That’s our journey so far. I’m excited about completing the challenge and what are sure to be new challenges ahead with our blog and podcast. With our limited tech knowledge, I came to Yakezie like a ship captain on the Atlantic Ocean at night with nothing but a flashlight to guide me… This has been such a great group. Yakezie has been like radar.
(I think I qualify for bonus points by completing my member post comparing Yakezie to radar. Maybe that’s a new catchphrase, Sam? Think about it: “Yakezie: like radar but better.”)
Cool story! It sounds like the kids would greatly benefit from your teaching and passion should you decide to work the teaching gig back in!
Thanks, MB! I keep going back to it and thinking I should…but it’s such a commitment. I’ve fallen in love with working at home in a pair of shorts.
Joe, so glad to have met your digital acquaintance, and carved out a niche on that podcast you mention… Here’s to many more years of blogging and talking success (for you and OG)!
Amen to that. I’m glad you agreed back in April to join our new little podcast…it’s been a fun ride so far.
Joe, thanks for sharing your story. I’ll admit, much of it is new to me (not sure if that’s because I’ve been too busy or you haven’t shared it) Either way, it was great meeting you at Fincon and I look forward to watching your progress. :)
I enjoyed meeting you, too. It seemed we were always headed in different directions, but there’s next year!
Congrats on being simply happier! Life is WAY too short to be unhappy.
Did you have an RIA?
We were the rare broker-dealer that also had fiduciary responsibility attached (most don’t).
Congrats on getting in! I really enjoy your blog and podcasts even if you can’t escape your parents’ basement…
I enjoy your blog too, Lance! It’s fun being teammates. Some day we might get the podcast out of the basement. We’re actually playing that theme even more in the future.
Joe, Great backstory. I really enjoy hearing about your evolution as well as getting to know you online and in person. I linked to your story today!! It’s that interesting :)
Thanks, Barb! I’m glad we got to meet in person at FinCon. What a fun time.
Really good personal story. Kudos to you for following happiness, if you can do it that way it’s great. No sense wasting time doing something you don’t like, as that keeps you from doing things you do like. I enjoy your blog and am glad to see you a part of things here.
Thanks! That’s the frustrating part….I actually enjoyed my job and could have done it forever, if I thought there wasn’t something else I should be doing. It wasn’t so much that I thought that was the WRONG thing, as I thought it wasn’t the ONLY thing.
I’m not sick of what I do yet. But I think I’ll go through exactly what you did around age 40. I’ll follow you closely for advice.
I’ll try to be advice-worthy!
[…] Why I Dumped Financial Planning to Blog – Yakezie by Average Joe, Free Financial Planner […]
Hi Joe! This is a great story. I always sensed a kidred spirit but now I am certain: you are nuts. Welcome to the party.
I’m WAY nuts, Maria. Just trying to keep up with my new running buddy. BTW, when’s your marathon happen? Mine is in a month.
29 October – however, I have been having a bug with breathlessness for three weeks now. If necessary some of the course will be walked. Lake Geneva is lovely – and hilly.
Joe, I really enjoyed this story. So many people say they want to change their life, but so few people do. Most people think about it, and then go back to watching TV… point is that most people don’t take the steps to change their life. This is what I love about the Yakezie network. There is so much inspiration because there are so many people who did take action – instead of just thinking about it.
Wait till you meet them in person! I’ll verify at FinCon that many of these crazies know how to party, too.
Amen to that. I’m glad you agreed back in April to join our new little podcast…it’s been a fun ride so far.
“like a Krispy Kreme doughnut to a guy on a diet” — LOVE that. I don’t think I knew your story — where were you before tiny tiny Arkansas?
Technically I’m in Texas, although I’m 800 yards from the Arkansas border. I lived and worked in Detroit. That’s where my practice was located (in a suburb called Troy).
Great story! It’s been a pleasure reading your blogs and I always appreciate your comments on mine.
DC, I think I awarded you my soon-to-be-esteemed Blog Post of the Week! (trademark will be pending at some future point) to you the first time I read your blog. I went out and got my Target Red Card immediately. Great stuff.
Welcome and great story! I’m glad you figured out more about what you want to do!
Thanks! If you believe we only live one time…it was time to move on!
I didn’t realize we had so much in common. I am a former businessman teaching high school kids. Large classes, behavior issues and budget problems certainly affects teaching. Are you still interested in teaching?
I think that’s what’s always attracted me to your blog, KC! Lots in common.
I’m always amazed by how common it is for people to abandon their original dreams. I went the other direction and abandoned teaching for other endeavors.
Yeah, some of my teaching clients told me I was crazy. Classes are more about test prep than actual teaching, according to them.
Congratulations! I am glad to hear about the challenges you encountered and how you overcome them. You inspired me more to pursue my passion and work harder.
Thanks, Cherleen! I’m glad I was able to inspire you the way Chris inspired me.
Congrats…I too left institutional finance for a “simpler” life… I really only had 1 “what the hell did i do?” moment and that was the second I walked out of the building. Fortunately my then girlfriend (now wife) was there to bar my reentry… Looking forward to reading more from you guys…
You’ve had about 900 less then me, then! I have to constantly remind myself how much greener this grass is (to me, anyway).
You are no average Joe, lol! Great post.
I learned a long time ago to follow my passion and build a business around it, so important. My blog presently only has part of that passion. The other part is, believe it or not, animation. Yup, I’m a junior animator. My dream is to complete my already started film and air them at a paid membership blog.
Right now I am blogging about finance and wealth building through blogging, investing, and home business. I will definitely be connecting to your blog and asking for a guest post at some point on mine.
Best,
Joe
That’s an awesome profession! We went and saw Frankenweenie this weekend and I’m always amazed by all types of animation.
Outstanding story, Joe. Throughout the past year, I have really enjoyed your knowledge of personal finance as well as your sense of humor, both in your posts and in comments on my blog. I can really appreciate your passion for teaching others to take control of their own financial destines as well as their own lives. Keep up the good work!
Thanks, MMD! Thanks, too, for the music on our podcast.
Great story Joe! I had no idea about your background. Now, I can see why we seem to be long lost brothers. I’m always searching for my true passion. When I began writing again, it felt like maybe I found it.
Congrats on making it into the network! You know we are big fans of yours. Keep up the good work!
Based on the quality of your writing, Greg, I think you HAVE found it.
Great story and fantastically written. I love your writing style!
Thanks! I’m just entertaining myself. ;-)
Thanks for the inspiration :)
Thanks for taking the time to read it!
Awesome story Joe! What a journey so far. Just curious, do you enjoy writing or doing your podcast more? Welcome and congrats!
Man, that’s a hard one, Buck! I don’t know about you, but they’re two different sides of my brain. The writing is fun in a spiritual way, where the podcasting is much more social. Especially when we record the Shortwave portion with Len Penzo, Dr. Dean, Dominique Brown and Carrie Smith, it’s just a blast. I should record the stuff that we DON’T use for the show as a separate comedy show. What about you?
Great meeting you at FinCon and awesome story! I love the way you really decided what you wanted to do and are pursuing that now. Personally, it’s a great example for me to follow.
It was great meeting you, too, LaTisha! I’m not sure if you want to follow me into the brick walls….if you do, just wear a helmet.
Hey Joe!
Great story man. That’s neat that Chris was your impetus to sell your business and do whatever you wanted at age 39. As I’m not 39 yet, was there any “oh shitake, I’m going to be 40” type moment? I remember turning 30 and thinking “oh shitake” for a week before. I don’t know what I don’t know, so that’s why I’m asking!
I always thought I’d work until 40 and just hang up the boots and travel/write. I never imagined the internet would allow us to do what we do. And I never imagined something like the Yakezie would be created to make such great online connections. Funny how things work out huh?
It was great meeting you in Denver, and I hope you went for a run for both of us after Dr. Dean’s gracious treat!
Let’s do a podcast in November!
Best,
Sam
ps i guess if you haven’t figured it out yet, you’ve got to click refresh to respond to multiple comments in one sitting. A bug I have yet to fix!
I never really had a 40 moment. On the retail side of financial planning, age was your friend. Grey hair meant you were a seasoned vet and you attracted more money….so I always loved getting older.
Holy cow, that was an awesome steak w/ Dr. Dean, wasn’t it? …and the fact that Bob Costas wanted your autograph didn’t hurt either….
Well done, Joe. I recently just started listening to your podcast, and it’s really ok-ish! (j/k, it’s pretty awesome!). Glad you made it thorugh the challenge, see you on the other side in a few months :)
Thanks, Jake! Every show I think “this is the biggest pile of trash we’ve put out yet.” A week later when I’m making the next one it’s this unreachable, awesome Citadel that I’ll never find a way to reach again.
Actually, I’m great with “okay-ish.” We’re WAY better than we were when we started and we have so many improvements mapped out for the next several months that I think if “okay-ish” = listenable, then you’re in for a treat.
Good story, Joe. I had to Google-map Texarkana, and then I had a “duh” moment, the name says it all, of course it’s right smack up against Arkansas. Welcome to Yakezie, Podcast Boss!
The “ana” part is for Louisiana, which isn’t far away, either. I live 800 yards from the Texas, Arkansas border. (I can see Arkansas from my house!)
[…] I mentioned above that we made it: we’re members of the Yakezie network. I haven’t yet learned the secret handshake AND I’m waiting for the “new guy hazing” ritual, so no word on that. If you’d like to read my membership post, here it is. […]
This is such a great post. It is truly inspiring to live your life to it’s full potential (yet so many of us fear failure and never get to that point.)
Thanks, Joe.
Thanks for sharing your story Joe and congrats on becoming a Member! What a shock that email from Chris must have been. I’m glad you left that job to find better things!
Joe, having fun reading you and The Other Guy’s stuff…will there ever be a reveal? I was a teacher in the past life and had a similar experience that teaching HS wasn’t my gig.
Joe, congrats on your success in creating work you love!
[…] If you’d like more of my story, check out why I left financial planning. […]
Awesome story Joe! It must of taken a lot of courage to part with your own business. Especially with a wife and two kids to support.
I’m so glad that you managed to make a success of something that you really enjoy doing!
I’ve looked into hiring a financial adviser, but I’ve also read cautionary tales about these folks funneling their clients’ assets into investment products that profit them, with little concern for whether they are the right fit.