The Money Mentor

Key Takeaways

  • Why recreate the wheel when you can learn from others who have been successful with their money?
  • Mentoring is especially important when discussing money coming in to the hands of people who are not used to having it.
  • Good money mentors can make a big difference in your life by helping you make good, smart decisions about your money.

One of the smartest things I’ve ever done in my life and continue to do to this day, is having really great mentors. I can count about five of them since the time I was a young boy until now, and they have made a huge impact on my life. I’m a pretty good mentee, at least that’s what I’ve been told, and that’s because I listen to what my mentors have to say and try to execute what they tell me to do.

Why mentoring? Well, why recreate the wheel? Why go through all that pain and misery? If we can learn from others, to stand on the shoulders of giants, wouldn’t that help us move forward in a better way?

Mentoring is especially important when talking about lots of money coming in to the hands of people who aren’t used to having it. I discussed this in another post here, but basically, it’s important to have mentors to help you in anything in life, and money is a huge part of our lives. Having a money mentor, someone who can help you understand the ins and outs of money, all aspects of it, will help tremendously as you go through life because they will help you make good, smart decisions.

It’s good, smart decisions about money every single day that separate the people who are successful with it from the ones who are not successful with it. This is across all levels. You could have someone who lives on $30,000 a year in retirement and be very happy. You could have someone who lives on a million dollars a year in retirement and be very happy. It’s not about the dollar amount, it’s about having an understanding and a relationship with money that works for you.

Why not pick the brain of someone who’s already been successful with money? They can help you by giving you techniques and tips that can make a big difference. That’s what good mentors do. Good money mentors can make a big difference by making your life a lot easier and simpler when it comes to money.

Until next time, enjoy.


Learn more about TransformingWealth™ , our proprietary approach, designed to get your arms around the big picture so you can make informed financial decisions. Ask Gary about Coyle’s TransformingWealth Preview Meeting, and schedule a complimentary consultation and start living the Good Life Managed Well™.

Gary Klaben is in our Glenview, IL office and serves our clients who are now located all over the country. He has over 30 years of experience and is the author of Changing the Conversation, The Wealth Sanctuary and co-author of The Business BattlefieldWhether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.
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