The Magellan Network Podcast

Financial Advisors: Why Commitment Beats Motivation in 2026


Listen Later

What happens to your goals when motivation wears off?
In this episode, I break down why most New Year’s resolutions fail and why motivation alone will never carry you through the year. With National Quitting Day as the backdrop, I explain the real difference between motivation and commitment, and why commitment, not feelings, is what drives long-term success in financial advising.
I walk through a simple framework I use with advisors to help them stay consistent: knowing what you want is not enough. You must be clear on why the goal is a must and who you need to become to achieve it. Without those two anchors, effort becomes inconsistent and progress stalls.
🎯 You’ll Learn How To:
Stop relying on motivation and build true commitment
Clarify a “why” that makes quitting unacceptable
Identify the version of yourself your goals require
Create daily standards that don’t depend on how you feel
⏰ Timestamps:
(03:32) Why motivation fades once the grind begins
(05:02) How willpower runs out and habits collapse
(06:10) Why commitment matters more than motivation
(09:16) Why goals fail without a non-negotiable “must”
(10:35) Why the next level requires becoming someone new
(14:51) Why the “why” and the “who” determine consistency
(15:57) Why avoiding failure guarantees no progress
The Magellan Academy & Network
The rules and tools for success in the financial services industry are about to change radically.
I have spent over 25 years coaching only financial advisors. In that time, I have personally conducted over 50,000 individual coaching sessions. I have built a profound knowledge base of what it takes to achieve lifelong success in business and life. In my career, I have transformed 1,000’s of advisors (below are video and written testimonials by many of them).
Many of you probably paid thousands of dollars to various coaching programs with very mixed results. Most coaching programs are just that. A pre-planned process that is “cookie cutter”. Where they have salespeople having to “sell” you on their program and results. In most cases, it’s about the coach, their ego, and their money. They base their program on “practice management” or “marketing”. They make you more intelligent. What they all fail to do is help you make that “mindset” shift that must happen for you to realize your dreams and vision.
I am going to coach you, teach you, inspire you, and train you all on your mobile device every business day. You are going to get better at business development, practice management, personal development, and your vision.
Here is what you are going to get from me each month:
- A 5-10 minute morning coach video each business day.
- 3 training videos of 20-30 minutes each. This will be a deep dive into four areas I mentioned above.
- A live group coaching session where you and I can interact and work together.
Here is what you can do each month:
- Post a question to me and I will answer it.
- Collaborate and associate with like-minded advisors.
- Invite other great advisors into the network.
Your Bottom Line:
Here is the deal. I am not going to ask you for a credit card. Like I said before, coaching is personality driven. You might not like my style or tactics. So with that in mind here is my offer to you. Complete the short form below. You will receive an email with detailed instructions on how to join the network for the next 14-days. I personally approve each submission so this might take a few hours or a day at the most. I will not ask for compensation of any kind during that 14-days.
Take action now and complete the short form below and I look forward to welcoming you personally inside the Magellan Network.
Get Your Free Access to the Powerful Tools, Strategies & Masterclass
www.magellannetwork.net
...more
View all episodesView all episodes
Download on the App Store

The Magellan Network PodcastBy Joseph Lukacs

  • 5
  • 5
  • 5
  • 5
  • 5

5

28 ratings


More shows like The Magellan Network Podcast

View all
The Tim Ferriss Show by Tim Ferriss: Bestselling Author, Human Guinea Pig

The Tim Ferriss Show

16,196 Listeners

WSJ Minute Briefing by The Wall Street Journal

WSJ Minute Briefing

687 Listeners

Animal Spirits Podcast by The Compound

Animal Spirits Podcast

2,020 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,048 Listeners

The Rational Reminder Podcast by Benjamin Felix, Cameron Passmore, and Dan Bortolotti

The Rational Reminder Podcast

474 Listeners

The Perfect RIA by Matthew Jarvis, CFP® & Micah Shilanski, CFP®

The Perfect RIA

463 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,154 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,311 Listeners

Kitces and Carl - Real Talk for Real Financial Advisors by Michael Kitces, MSFS, MTAX, CFP and Carl Richards, CFP

Kitces and Carl - Real Talk for Real Financial Advisors

243 Listeners

Barron's Advisor by Barron's Advisor

Barron's Advisor

113 Listeners

A Bit of Optimism by Simon Sinek

A Bit of Optimism

2,215 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

29,457 Listeners

The Efficient Advisor: Tactical Business Advice for Financial Planners by Libby Greiwe

The Efficient Advisor: Tactical Business Advice for Financial Planners

133 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

21,398 Listeners

Investing Experts by Seeking Alpha

Investing Experts

74 Listeners