Episode 5: Financial Freedom, Happiness and the Power of Perspective with Philip Hoang (Part 2)
Wealth advisor Philip Hoang returns to The Helen Merlin Podcast for Part 2 of his conversation with Helen, revealing how he built a top-ranked advisory business after the 2008 financial crisis.
Philip discusses the value of networking and how building relationships can lead to impactful opportunities for yourself and for those around you. He shares the qualities he seeks in new hires in order to create a world-class service team, including ownership, people skills, and an insatiable desire for personal growth. Philip reflects on the role that the law of attraction plays in attracting the right clients for your business and addresses the perception that people are fundamentally different as a result of their financial status.
In this open and insightful discussion, Philip and Helen also explore where peace, gratitude, and happiness come from. In his closing remarks, Philip shares with the audience valuable advice about business and leadership, including taking risks, empowering your team, and maintaining a strong and clear vision.
“You can think about this as a negative event or you can turn it around into a positive event and I chose, how do I improve myself, better myself, better my experiences.” - Philip [11:18]
“I’m a big believer that if it scares you, you should probably do it.” - Philip [16:28]
“I think being a founder of anything means that you’re bringing people into your vision and you have to protect them. Protect the people that you bring in, care for them, respect them, fight for them, be their advocate.” - Philip [51:04]
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[01:11] The Power of Networking—Philip discusses how he started his career in the financial industry in investment banking
[11:43] Reflecting and Reinventing During Crisis—Philip explains how during the 2008 financial crisis he took the opportunity to pause, reflect and travel the world, which also launched his wife Shelbi’s career as a travel influencer
[19:47] Practicing an Entrepreneurial Mindset—Philip shares how he built his advisory business like a start-up, including his founder mentality, entrepreneurial drive, working in a flow state, and how he recruited a world-class service team
[29:03] How to Stand Out in a Competitive Environment—Philip reflects on how to differentiate yourself in a corporate environment and in the industry by continuously practicing self-improvement and being intrinsically motivated to add value
[31:51] Philip reflects on the role that the law of attraction plays in attracting the right clients for your business and debunks the myth that financially wealthy individuals are fundamentally different from others
[35:17] Cultivating Peace and Happiness—Helen and Philip discuss what makes people happy, and they explore how they each find true peace and happiness through deep self-reflection, practicing stillness, and the absence of pursuing external gratification
[49:17] Final Thoughts on Business and Leadership—Philip shares the value of taking risks and practicing ethical and compassionate leadership, which provides the chance to positively change yourself and inspire others.
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Resources mentioned:
Follow Shelbi on Instagram: https://instagram.com/bucketlistbums
Explore Shelbi’s website: https://bucketlistbums.com
Connect with me:
Visit my website: https://helenmerlin.com
Subscribe to my YouTube channel: https://www.youtube.com/@helenmerlin
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Email me: helenwmerlin@gmail.com
Keywords: successful business, financial freedom, leadership, inspirational, powerful conversations, motivation, opportunities, wealth advisor, entrepreneurship, curiosity, life lessons, responsibilities, financial crisis, life advice, personal growth, self-discovery, perspective, human experience, human connection, vision, investment banking, career advice, new grad, college, new job, job market, interviewing, hiring manager
