It's always fun to catch up with longtime members of XYPN because we've witnessed eachothers' struggles and triumphs alike. Today's guest, Jason Mirabella, has been with us from nearly the beginning. Jason started his first RIA just before the 2008 financial downturn, and had to return to other financial jobs before embarking on his next entrepreneurial venture.
Jason has worked in the financial world since 2000 and discusses the two big market crashes he's witnessed since beginning his career. He also shares his longtime love of markets and appreciation for the passive investing model, and why he thinks it's so important for you and your clients to be emotionally prepared for downturns in the future.
Jason then talks about his firm Henfruit and its emphasis on helping clients practice wealth-building behavior. We walk through the process of prepping and launching his second RIA, what he learned from his first attempt, and why he always keeps scale in mind when he makes business decisions.
Listen to the Full Interview:
What You'll Learn from This Episode:
- What Jason's always loved about finance and economics that made him want to be a financial planner.
- Jason's early jobs at financial firms and how they prepared him to run his own RIA.
- How he weathered the financial crash of 2008 and the lessons he learned about running a business.
- Why Jason decided to try entrepreneurship again and the preparations he made to do it well.
- The crucial elements - including lifestyle and scalability - that Jason considers before making business decisions.
- Why you shouldn't underprice your services, and why you should play to your strengths and hire experts to supplement your weaknesses.
Featured on the Show:
- Register for #XYPN17
- XYPN Radio VIP Community
- Redi2 Technologies
- Jason's firm Henfruit
- Black Monday (1987)
- Dave Ramsey
- Betterment for Advisors (formerly Betterment Institutional)
- The Todd Organization
- Principal Financial Group
- M Financial Group
- The Dip Blog - Seth Godin
- Ep #94: Career changing from teacher to financial advisor - The career of Ryan Frailich