Boosting Your Financial IQ

175: How to Find a Good Mentor (Red Flags to Watch Out For)

7 snips
Jul 29, 2025
Mentorship can be a game-changer, but picking the wrong mentor can waste your time. Discover the subtle differences between advice and genuine counsel, and learn how meaningful connections can elevate your journey. Personal anecdotes reveal the pitfalls of one-size-fits-all advice and underscore the importance of respect and integrity. The discussion emphasizes the blend of effective mentorship with essential financial skills, leaving you inspired to rethink how you seek guidance and grow.
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INSIGHT

Difference Between Advice and Counsel

  • Advice reflects someone's past experience and often doesn't fit your unique circumstances.
  • Counsel asks questions that lead you to your own tailored decisions rather than telling you what to do.
ADVICE

Keep Mentor Outreach Simple

  • Reach out casually to potential mentors without formalizing or pressuring them.
  • Even occasional meetings, like yearly lunches, can be valuable mentorship.
ADVICE

Follow Through With Mentors

  • Follow through on mentor recommendations and show appreciation to build strong relationships.
  • Not implementing advice wastes the mentor's time and risks losing their support.
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