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S20EP09: Sexy vs. Cash Theory
Sep 14, 2023
This podcast explores the concept of 'Sex vs. Cash Theory' and the importance of balancing passion with pragmatism in coaching. It acknowledges the loneliness of success and the need for support. The power of a single insight is emphasized, and the definition of 'Sex vs. Cash Theory' is discussed. Pragmatism in a coaching career is highlighted for financial stability. Finding balance between passion and practicality is key, and coaches are encouraged to embrace change and innovation.
04:04
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Quick takeaways
- Balancing passion with pragmatism is crucial in a coaching career for sustained financial stability and fulfillment.
- Constantly reassessing and evolving one's coaching practice is important to avoid boredom and maintain a sense of fulfillment.
Deep dives
The Importance of Balancing Fun and Income in Coaching
In this podcast episode, Rich Litvin highlights the importance of finding a balance between pursuing fun and fulfilling coaching projects, and also prioritizing income-generating work. He explains that while it is exciting to engage in big and sexy coaching projects, sustaining a coaching career requires having the financial stability of income-generating projects as well. As a coach, it is crucial to ensure that bills are paid and there is a steady cash flow to support oneself. This financial stability provides the freedom to explore and take on the more exciting and fulfilling coaching projects, without the pressure of solely relying on them for income.
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