In the recent webinar sponsored by Securities America and produced by ThinkAdvisor.com, Solved: The 5 Critical Questions To Ask Before Going Independent, I talk about the stress that I endured as I transitioned away from a leadership position at Edward Jones to form my own wealth management firm. Things might not have turned out so well for me had I not had the strong support of my wife and family, some good advice from my friends and business partners at Cooper McManus, and a healthy constitution.
As the old saying goes, if we don’t have our health we don’t have much else. Here are a few tips so help you as you look across to greener pastures:
WISE UP: FIRST AND FOREMOST, TRY TO REDUCE ALL THE STRESS YOU CAN IN YOUR LIFE.
Stress is a killer. So do all you can to eliminate the negative people from your life. Learn to say no to things that are not important to you. Consult with your spouse or a trusted business colleague before you overcommit or make any sudden moves.
Still, let’s not be too Pollyanna here. You should expect that your current firm will try some sort of shenanigans when you give your official notice. Be smart about developing a plan – and keep it to yourself and just a small circle of trusted individuals until the time is right.
Arming yourself with good information – such as that presented by Mark Albers in his excellent article, How to Prepare for High Jinx from Your Old Firm, in Unsung Heroes magazine – is important. Knowledge is power … and just knowing what might happen and how you might respond to the good, the bad and the ugly can help reduce stress and fear.
TAKE CARE OF YOURSELF: WITHOUT YOUR HEALTH AND A STRONG CONSTITUTION, YOU WILL LOSE.
1. Get extra sleep.
According to the Centers for Disease Control and Prevention, people experiencing sleep insufficiency are more likely to suffer from chronic diseases such as hypertension, diabetes, depression, and obesity, plus cancer, increased mortality, and reduced quality of life.
According to the September issue of the journal “Sleep,” men need 7.8 hours per night and women need 7.6 hours of sleep every night. The study, which was conducted by Associated Professional Sleep Societies and tracked 3,760 people over seven years, showed a number of problems cause by “sleep insuffuciency.”
Nathaniel Watson, president of the American Board of Sleep Medicine, says people are getting less sleep in part because of their increasing reliance on technology. Turn off your electronics 30-40 minutes before you need to go to sleep.
2. Laugh a little.
Laughter triggers healthy physical changes in the body. It can boost your energy, diminish pain, and protect you from the damaging effects of stress.
Laughing with others is more powerful than laughing alone, say the experts, so creating opportunities to laugh with people we enjoy just makes sense.
Here’s a list of ideas from HelpGuide.org:
- Watch a funny movie or TV show.
- Go to a comedy club.
- Read the funny pages.
- Seek out funny people.
- Share a good joke or a funny story.
- Check out your bookstore’s humor section.
- Host game night with friends.
- Play with a pet.
- Go to a “laughter yoga” class.
- Goof around with children.
- Do something silly.
- Make time for fun activities (e.g. bowling, miniature golfing, karaoke).
3. Draw closer to God.
In this age of incredible advancement in science and technology, we've become used to looking to the future for the next big thing, the breakthrough idea, or the answer to all our current problems. While it's true that many exciting discoveries are just around the corner, I think it's also important to look back and remember the wisdom that has come before us. Tested through time, many of these principles are just as valuable today as they were to our ancestors.
Chief among these is the wisdom found in the Bible. As Qualified Kingdom Advisors, both my daughter Christina Lindsey Orta (who recently joined Lindsey & Lindsey as Vice President) and I are proud to integrate biblical principles into our practice. It's another tool in our toolkit that helps us serve our clients at our best every day – and the pearls in the Bible, as well as my church-based community, saw me through those stressful days as I was being put through the wringer by Edward Jones.
However you define God, draw closer to that source. Listen for that calm, clear voice in the still, quiet moments. It’s there, behind the fears and concerns, behind the excitement and the planning. See our "worries" as an opportunity to practice Proverbs 3:5-6, which says: "Trust in the Lord with all your heart, and lean not on your own understanding; in all your ways acknowledge Him, and He shall direct your paths.”
HERE’S TO YOUR HEALTH
Shoot me an email if there’s anything I can do to help you create a stress-free journey. And don’t forget to get out into the fresh fall air and enjoy the autumn colors!
To your health,
John Lindsey, CFP®