I found myself recently watching a fantastic interview with Hugh Hendry (also known as "The Acid Capitalist") and Daniela Cambone from the popular "Stansberry Research" channel on YouTube.

Hendry is like the antithesis of Wall Street in a way . . .He is this hippy, contrarian, ex-hedge fund manager who had made 32% return on his $1.3 Billion hedge fund in 2008 when most everyone else lost their shirt (and one of the tiny tiny number of people who saw what was coming in 2008 before it hit). He shows up at interviews in t-shirts, hair a mess, unshaven with aviator glasses looking like he just came back from a day of surfing - when everyone else is wearing a suit and tie and speaks his mind without any sort of filter. . .very refreshing.

Towards the end of the interview, Cambone was trying to pick his brain asking "where should we put our money as it looks like there's the big grand-daddy or all financial storms really close that could cause everything to come crashing down and maybe even lead to a big money reset". Essentially she's saying "how can we 'game' things here to avoid pain, loss, keep hope going, etc". . .

He paused for a few seconds and then said something really provocative and perhaps the last thing you'd ever hear coming from the mouth of a big money hedge fund manager by quoting a well-known passage from the Bible.

“It is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of God."

"With men this is impossible; but with God all things are possible"

He then went on to say that the world is all about change and get used to the idea of impermanence. . .suggesting that in a big hurricane. . .there's really not much in the way of shelter - and that everything could and probably will go down (including all forms of money, real estate, crypto, cash, assets, etc) and even disappear . . .and that if you can get right with that, and start putting your attention and faith in other things, you can still have a good life regardless. . .

But what on earth does this have to do with life coaching and why bring it up in a life coaching forum?

That's a good question. . .but perhaps a very pertinent one. . .especially in a rapidly changing world with huge volatility and uncertainty. . .

It would seem that so much of coaching programs these days are all about "how do I game things to make more money?" "how can I get more clients", or "how can I make a 6 or 7 figure income coaching". . .when I go on Youtube or Facebook, it's like every second or third video ad is some sort of seductive get-rich scheme or sales pitch. Life coaching schools are a little less blatant in their messaging but the common marketing thread still is how you too could have tons of clients and make tons of money - as the primary hook that gets people to sign up for their program.

By the way - I think this is all good. . .certainly no judgment and I'm happy we have this sort of thing around. . .it's a step up from the past when there was little to no literature out there on how to pick up new clients and often some good education on the topic that comes along with the marketing emails as well. . .

Hollywood and Los Angeles is kind of built on the same sorts of principles as well. . .tons of acting schools and the dream of making it big someday attracts hordes of people and supports huge industries. . .yet the numbers are like 1 in 10,000 make it to the movies or something like that . . .but I think it's good and good to have dreams. Of course the odds of hitting it big time in the life coaching industry are far better than becoming a famous Hollywood actor but still low - relative to number of successful people coming out of other vocational schools.

All that being said - what I'm more curious about is - if we did have this unavoidable enormous mother-of-all financial downturns coming our way - would there be a lot more people shifting their focus away from the pursuit of fame and fortune and starting to prioritize and cultivating what Hugh Hendry pointed at in the interview? and would there be a fundamental shift in coaching programs as a result?

I guess only time will tell. . .and will be fascinating to see how things turn out. . .As I write this, I realize that my life seems to work out a lot better and I often have miracles occur when I do not have chasing money, fame and fortune as the #1 goal or priority in life. . .and I think this might just be one of the hardest things shifts a person could make in their life - but a world of so many other possibilities seems to open up when that happens. . .