The Magellan Network Podcast

Dec 05 2024 451 ep. 16 mins 28

The Magellan Network Podcast artwork

Joseph Lukacs has coached and consulted financial advisors for nearly 25 years. In The Magellan Network Podcast, he will deliver concepts, strategies, mind-set shifts, and no nonsense advice that all financial advisers can benefit. He will also be interviewing some of the most successful professionals in the industry. Subscribe now and leverage his over 50,000 coaching and consulting sessions with financial advisors world-wide.

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What I Learned During This Year's Business Planning Retreat

Dec 05 2024 18 mins

Hello everyone, and welcome to The Magellan Network Show. Here we are in December 2024—it’s hard to believe how quickly the year has flown by! In this episode, I’ll share some key insights from our 23rd annual business planning retreat, now called Magellan Division 10x. Most advisors struggle with creating impactful business plans, often relying on basic spreadsheets or one

How to Change & Elevate

Nov 20 2024 21 mins

Hi everyone, and welcome to The Magellan Network Show. This week holds significant meaning for me because it’s the week of our Magellan Vision Conference—our 23rd annual gathering. In today’s episode, I’ll take a few minutes to share my approach to this year’s conference, particularly how I’m helping advisors craft their strategic plans. I’ll also highlight some of t

Being A World Class Advisor is NOT a Job...It's a Lifelong Commtment

Nov 14 2024 19 mins

Hello and welcome to The Magellan Network Show. Today. I want to share an observation I've had for decades: many advisors, including younger ones, approach this profession as if it's just a job. When you’re not reaching the level of success you envision, it's crucial to examine the real reasons behind that. You must go beyond blaming external factors like the market, economy, o

What It Takes To Double Your Income As A Financial Advisor

Nov 07 2024 21 mins

Hi everyone and welcome to The Magellan Network Show. This episode might be a little different from the usual. I’ll be sharing insights on what it really takes to double your income as a financial advisor—and here’s a hint: it’s probably not what you’d expect. I recently met an advisor with a $5 million practice who wants to grow it to $10 million in five years. When I a

If It Matters, It Must Be Measured

Oct 31 2024 19 mins

Hello and welcome to The Magellan Network Show. It’s the start of November! As we prep for the upcoming Magellan Vision Process, I want to discuss tracking key metrics or KPIs. There’s a saying: “What gets measured matters.” Yet surprisingly, 80–90% of advisors don’t fully understand their essential business metrics. Why don’t more advisors track what matters? Often,

An Inconvenient Truth About Many Financial Advisors

Oct 25 2024 17 mins

Hi everyone and welcome to The Magellan Network Show. This week, I want to share a conversation with a successful advisor who someone referred to me. Despite his financial success, our discussion revealed a common issue in our industry: advisors often neglect their own growth and planning. It reminded me of the saying, "The cobbler's children have no shoes." While advisors excel a

How To Handle Adversity As A Financial Advisor

Oct 18 2024 24 mins

Hello and welcome to The Magellan Network Show. I’m excited to be back from Utah, where I had a great time shooting some new content for you all. We made it through the hurricanes, and now it's full steam ahead as we push toward the end of the year! For today’s episode, I want to dive into adversity—it's not a popular or fun topic, but it's something we all face, especially

Going Independent With Brian Boughner

Oct 04 2024 40 mins

Hello and welcome to The Magellan Network Show. Today’s episode is extra special, as we’re on the road in Deer Valley and Park City, Utah, wrapping up our Empire Mastermind meeting. I’m excited to be joined by Brian Boughner, co-founder of Fiduciary Alliance and Parallel Financial. In this episode, Brian shares his remarkable journey, from starting as a financial advisor to

The Power Of Mastermind Groups For Financial Advisors

Sep 27 2024 25 mins

Hi everyone and welcome to The Magellan Network Show. I’m here in Deer Valley, Utah, hosting three live mastermind groups for the next two weeks. Today, I'll explain why every financial advisor should join a mastermind group or create one on their own locally. Mastermind groups have been a pivotal part of my life since the early 90s, starting with Tony Robbins' Power Teams. I sp

Stop Buying Leads: Focus On What Works With Charlie Van Derven

Sep 20 2024 46 mins

Hello and welcome to The Magellan Network Show! Today’s episode is another special one, featuring an online webinar I did for Social Advisors with Charlie Van Derven. In it, I discuss why financial advisors should stop relying on buying leads and instead focus on referrals and introductions to attract more clients. Many advisors rely too heavily on lead generation, missing the o