Vince Shorb: Lessons Learned As a Successful Financial Coach

Vince Shorb: Lessons Learned As a Successful Financial Coach

Sean: And so Vince, I’m wondering during that time when things went bust and you were you couldn’t sleep well at night, as you mentioned earlier, how did you get through it? What were the things that you really try to think about that gave you peace or gave you a hope that I could face tomorrow?

Vince: Yeah. There’s two challenging times in my life. That first one was in college, and I would say that was a sleepless nights. Worry, concern, really just focus on studying, learning. At that time, it was libraries and Barnes and Noble here. That’s where you picked up information. The Internet wasn’t out there, but nowadays it’s amazing. But during that time, I just focused on learning, grabbed as much material as I could. When we first started, this company originally was right around about two, three years earlier in 2006. But in 2008, 2009, we had a major economic slowdown. We had an event with a lot of sponsors. We did these higher profile celebrity events, a 1000 person shows with celebrities. We had all these sponsors lined up, right. I had a whole concert venue, all these people. And the sponsorship got cut by like ten fold.

I funded it myself just because I made promises and there were things that I personally was just couldn’t let that happen. There’s too much that went into it. And then it was just that kind of set us back for a little bit. But at that time, I slept like a baby, you know? And it wasn’t because of anything. I just felt more confident. I knew the risk, right? I knew what I was getting into. I had plans after plans, I’m big into if this happens, I have five, six plans there. Even as we were getting down to the fourth or fifth plan, I still step like baby. I think it was mainly because I felt more confident in what I was doing. I always kept my overhead very, very low and I don’t need anything fancy. Right? I still buy used cars. I don’t need anything that’s not important to me. So it’s a little easier for somebody like me. But yeah, I’d say a big difference between time one, I didn’t have the knowledge, didn’t have the confidence, didn’t have the plan. The second time that was challenging, it was more, ‘hey, I had the plan, I had the confidence, and I was okay navigating and again, I slept good every night.