About
Learn
Transform Learning Series™ What Do You Do Normalize the New Mindset What Do You Do & Mindset Bundle Fee Based Financial Planning Phase 1 Fee Based Financial Planning Phase 2
Resources
Podcast Top 10 Episodes Books Blog Speaking Contact Affiliates Be a Podcast Guest Submit a Podcast Question Invite Wes to be a Podcast Guest
Shop
Tools
Sign Up For Transform Learning Series Narrative Checklist & Videos Meeting Prep Checklist The Fillable TTT Tool Foundational Tool
Find Your Course

E134 – Revolutionary Ideas Often Face Resistance Before Eventually Becoming Accepted Wisdom

Click here to watch the video version

In this episode of "From Busy to Rich," Wes and Justin explore the topic of innovation cycles and its importance within the financial industry. Prompted by a question from Wes's son, they reflect on examples like past communication tools such as Nextel radios and pagers, contrasting them with modern innovations such as AI assistants and video conferencing. They emphasize the necessity for financial advisors to adapt to new technologies and the need for identifying industry trends to stay competitive. Wes shares insights on using AI to streamline processes and advocates for holistic fee-based financial planning. They conclude with practical advice for integrating new tools and fostering continuous improvement. 

   

In today’s episode we will cover: 

  • Importance of adapting to new technologies and industry trends. 
  • Resistance to new ideas and the stages of acceptance for innovation. 
  • Shift towards holistic fee-based financial planning. 
  • Utilizing AI as a strategic partner for problem-solving and idea generation. 
  • Framework for integrating new ideas into existing practices (ideation, resolution, orchestration, execution). 
  • Demographic shifts within the advisory industry and their implications. 

   

We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here! 

   

If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.