In this episode, Financial Advisors at Certified Financial Services, LLC, Erin Hoffman and Jill Van Nostrand, talk about physical therapists’ financial wellness.

Today, Erin and Jill talk about prioritising financial wellness, the different types of disability policies and insurance, managing student loans, and saving for retirement. Is it recommended to get a business disability policy? How can you maximise your financial wellness?

Hear about a few forgiveness programs, asset location strategies, and the difference between an IRA and a Roth IRA, all on today’s episode of The Healthy, Wealthy & Smart Podcast.

 

Key Takeaways

• “Our health and physical wellness goes hand in hand with our financial wellness.”
• “There’s a huge difference between the language of a group policy versus an individual policies.”
• “When we’re talking about disability, we’re talking about protecting the source of where all of that comes from, which is our income and our ability to produce income and revenue.”
• “We don’t want to leave ourselves open to situations that would erode everything that we’re working to build.”
• “Student loans are probably the biggest threat to our retirement.”
• “Retirement is something that is never too soon to start.”
• “We want to make sure we have ways of saving that are going to give us liquidity during our working years.”
• The Top Three Tips:

1. Protection and disability insurance.
2. Managing student loans.
3. Understanding your retirement.

• “Start saving sooner than you think.”
• “Go for it. Achieve what you want to achieve.”

 

More about Erin Hoffman

Erin Hoffman is a Financial Advisor at Certified Financial Services, LLC (CFS), a wealth management firm headquartered in Paramus, NJ, providing individuals, families, and businesses with financial protection and wealth accumulation strategies.
She specializes in working with women business owners, and Physical Therapists, as well as other Healthcare Professionals. She understands that as a Healthcare professional, you specialize in the movement of the body. Once she started working with her aunt and best friend, who were PTs, she started partnering with countless others who wanted to focus on the movement in their financial world. She has been successful in assisting with sticking points in their finances, leading them to a place of greater range of motion in their financial world. She also hosts monthly educational classes for Healthcare Professionals on various topics- from financial, to legal, to even marketing.

 

More about Jill Van Nostrand

Jill specializes in helping PTs, dentists, and others in the medical fields grow and protect their wealth by focusing on key areas of importance in their finances. Jill built an impressive career as a musician and college professor, but it wasn’t until her career as a real estate investor that she grew aware that a leading cause of a person’s stress derives from financial worries. As she was intrigued by that relationship, Jill decided to bring together her interest in financial wellness with her desire to help others.
Jill’s mission of educating clients and guiding them towards stress relief and financial balance is drawn from her own family experience. She wants to provide families, individuals, and practice owners with the knowledge to help them protect and grow their assets and, in turn, enjoy life more.
Jill enjoys spending time with her husband, Gary, and son, John, in the North Jersey lake region or hiking in Vermont. She serves on the Economic Development Commission in her town of West Milford, NJ.

 

Suggested Keywords

Physiotherapy, PT, Healthcare, Finances, Wellness, Policies, Insurance, Loans, Disability Policies, CFS, Retirement, IRA, Savings, Strategies,

 

To learn more, follow Erin and Jill at:

Website:          https://www.cfsllc.com

Facebook:       Erin Hoffman

                        Jill Van Nostrand

LinkedIn:         Erin Hoffman

                        Jill Van Nostrand

 

Mama Bear PT:          https://www.mamabearpt.com

 

Subscribe to Healthy, Wealthy & Smart:

Website:                      https://podcast.healthywealthysmart.com

Apple Podcasts:          https://podcasts.apple.com/us/podcast/healthy-wealthy-smart/id532717264

Spotify:                        https://open.spotify.com/show/6ELmKwE4mSZXBB8TiQvp73

SoundCloud:               https://soundcloud.com/healthywealthysmart

Stitcher:                       https://www.stitcher.com/show/healthy-wealthy-smart

iHeart Radio:               https://www.iheart.com/podcast/263-healthy-wealthy-smart-27628927

 

Read the Full Transcript Here: 

Speaker 1 (00:01):

Hi, Jill and Erin. Welcome to the podcast. I am happy to have you on

Speaker 2 (00:06):

Hi, Karen. It's so great to be here. Thank you for having us today.

Speaker 1 (00:10):

Sure. And now today we are going to talk about wellness, financial wellness for physical therapists. So like I said, in the intro, you guys love working with physical therapists. You specialize in this. My audience happens to be a lot of physical therapists, so this is just a perfect match. And today we're going to talk about kind of the top three things physical therapists need to think about and implement for financial wellness. So guys, I'm going to turn it over to you, um, to start it out. What is your first tip?

Speaker 2 (00:50):

Awesome. I'm so glad that we're here today. Karen, because as you're saying, right, our health and our physical wellness goes hand in hand with our financial wellness. And a lot of times there's a disconnect, but that's why Jill and I love working with PTs and it's really close to home for both of us. My aunt's a PT and we have a few friends who have come out as doctorates. Uh, and just a quick recap for Jill and I. We are financial advisors at certified financial services, and we love partnering with PTs who really want to focus on the movement in their financial world and achieve that financial wellness. Uh, so the first thing that we always kind of start right off the bat with them is protection, right? That's, that's the first thing. That's the most important thing also, because if we think about, you know, you've worked so hard to get your degree to get into the clinic that you're in or that you're starting, but we really want to make sure that we have a secured, satisfied lifestyle. If we think about what could happen, if, if we weren't able to go to work the next day, right? If we became too sick or injured, that would prevent us from a bring home a paycheck, uh, and without a paycheck, how long could we pay for our rent utilities, buy groceries, make those student loan payments that are so fun. Right? So disability insurance is first and foremost. One of the most important things that we'll talk about with our PTs,

Speaker 3 (02:25):

That's it that's really well said. Yeah. Thank you, Karen. I think it's really well said, Erin, when we start with protection first, we're protecting our most important asset, which is our ability to produce income, right. To produce cashflow. So that really should be number one in our priorities. And it's really important to think about what our priorities should be. Not everything can come in first for that number one position in terms of things that we need to accomplish for our financial wellness. And that is definitely a number one for us. And there are different kinds of insurance out there. There's individual. There's also disability insurance that covers the daily running expenses of a brick and mortar business, for example, or a practice for example. And there's also disability insurance that covers our contributions to our qualified retirement accounts. So there are a lot of different options out there. Some of which are very new and a lot of people are not aware of them. So we make our clients aware of them and, and get out as much education as we can.

Speaker 1 (03:29):

So now let's talk about, cause everyone, um, let's talk about a couple of those different types because a lot of times I see on social media, we talked about this before, um, especially newer grads or even those out for a while will say, well, I get disability to the company I work with. So do I really have to have my own as well?

Speaker 2 (03:53):

Go ahead. It's a good point. Karen and Jill and I get asked this question all the time, and I think one of the most important words that comes to mind when thinking about having your own individual policy is I it's yours, but it's also portable. You might not be at that clinic with that same employer for your whole entire life. So if you have your own individual policy, that's yours, it doesn't go away. Whether you, you know, have clinics, uh, what have you and Jill and I also spend a lot of time reading through the language of a disability policy with, with our PTs. And it's so important. They might, your employer might not have certain riders that an individual policy would have that could be in your benefit. Uh, and it might not be through a carrier that favors PTs or other healthcare professionals that Jill and I work closely with. So I think those are, those are some of the big, uh, advantages to having your individual policy. And also that you're ensuring your own insureability right. Your, your age, your health, uh, at today's point in time.

Speaker 3 (05:00):

Yeah, definitely. I, and that, that is so true, Aaron, that there's a huge difference between the language of a group policy versus an individual policy. And the individual policies tend to be much more favorable to the insured in terms of what qualifies as a disability, or even in some cases, a partial disability. So when we have an individual policy, we can design that to fit someone's exact needs and their exact situation. And in a group policy, you're just not going to get that kind of customization. Um, it's great to have, but we, we look at it as like an add-on benefit. It's much, much better to have an individual policy and there, and there's another point which comes down to taxation of the benefit if we are actually making a claim and we're getting that benefit, if it's an individual policy that we are paying for, we get that benefit, tax-free income tax free. And if it's a group policy that our paying any part of four, then that benefit's going to be completely income taxable. So there's a big difference in the actual benefits and the language between a group policy and an individual policy. Excellent point.

Speaker 1 (06:12):

Yeah. I had no idea what a great point. Um, and now let's talk about quickly the difference between an individual policy and a sort of business policy. So if you're a business owner, can you, or should you just continue, so continue with your individual policy or is it recommended that you get a business policy, which are usually more expensive?

Speaker 3 (06:40):

Yup. So for an, for an individual to protect their income, we definitely recommend that whether that is a business owner or someone who is a W2 employee of a business, whatever it might be, it's really, really important to have that we do recommend it. And then business overhead insurance is something that can be added on to a, sometimes to an individual policy can be a separate policy and that would cover the day-to-day runnings of the business of the practice. So they're usually two separate policies that people would have. So the one would protect the income and then the one would protect those day-to-day expenses of running the practice. So it's really important to have both, if you are a practice owner

Speaker 1 (07:24):

And would this be, so let's say you are a practice owner and you have what you think is a business, uh, disability plan. Should you specifically ask for business, overhead insurance is, or is, does, is that considered part of it?

Speaker 3 (07:42):

It is a separate policy business, overhead protection. That should be a separate policy. Um, aside from your business insurance, like your business liability insurance, whatever that might be, um, or any kind of property insurance that a property owner would have. So those are all different kinds of policies. They're all super important to have, of course. And when we're talking about disability, we're really talking about protecting the source of where all of that comes from, which is our income and our ability to produce income and revenue. So super important.

Speaker 1 (08:17):

Got it, got it. Well, that is a great tip for people and it's making me think too. I have that. I have to, every time I do a podcast with, with, uh, folks like you, it gets me like, wait, do I have that? Do I? Okay. Yeah. Mental note check to see if I have business overhead insurance, which I don't think I do. That's going to be something I'm going to call about. And now when you're working with your clients and they say, oh, but it's so much more expensive. Can't I just stick with my individual policy.

Speaker 4 (08:50):

Well,

Speaker 2 (08:50):

We always bring up the point of, well, think about the expense, if you did not have this coverage in place. Right. And specifically with the business overhead expense, as Jill had, had talked about, that covers the everyday. So the rent and utilities. How about if you have employees, their wages, how, how is that going to be covered? Right. You know, even loans, voluntold they're covered under having this business expense policy, you can get, you know, additional, you know, health coverage covered as well. So these different plans kind of cover different things and we kind of help PTs and business owners navigate. What's the best strategies for them.

Speaker 1 (09:34):

Awesome. Okay. Before we move on to tip two, is there anything we'd glossed over on disability, insurance and protection that you want to add onto before we move on? I would just say, oh, sorry, go ahead there. No, go ahead, Jill.

Speaker 3 (09:49):

I would just say that it really is one of the most important things that we can do for ourselves financially. Uh, in terms of growing our wealth, we also need to protect our wealth. We don't want to leave ourselves open to, uh, situations that would erode everything that we're working to build. So, you know, just something to leave people with on that. Yeah.

Speaker 1 (10:10):

Very, very good point. You work so hard. You don't want an injury to take it all away from you, right. Okay. That makes perfect sense. All right, let's go on to tip number two.

Speaker 3 (10:21):

Okay. Two is management of the student loans. If a PT has student loans, managing them is a major priority. We believe in terms of financial wellness. It's not something that we can, that we can ignore, uh, that needs to be addressed as soon as possible so that we can get, we can help our PTs get on a plan and get them into a situation where they're going to have a comfortable monthly payment. They're going to have, uh, the POS, first of all, the POS first things we do is look at, is it possible for them to get into a forgiveness program? There are a few different programs today. Uh, we work with an expert in the student loan field. She's helped many, many of our clients, and we work hand in hand with her to help our clients. And first of all, we see if we can get them into a forgiveness program.

Speaker 3 (11:12):

That's number one. And number two, if a forgiveness program isn't impossible, then we're looking into management. How can we get that payment to a reasonable amount that is not going to prevent everything else in life that all of us want to have from happening and to make sure that we can still fulfill our dreams and reach our goals. So if we are, uh, if we have a PT who, for example, is working really hard to get those loans down, we're also gonna talk about, let's start some savings, right? Because we can't get those years back. And it's all about management and for saving and servicing our loans at the same time, then that's going to give us the optimal results. Aaron,

Speaker 2 (12:00):

It brings up a really good point. And a lot of times, you know, student loans might be one of our biggest expenses in our world. So we have to kind of help find that balance between where are we saving, how much are we saving and still paying down, servicing that debt. So that's kind of where Jill and I come in and find that, that happy balance, because we have to be saving and have some kind of bucket, right? God forbid, while we're still servicing the debt and we'll get into the retirement more. But student loans are probably the biggest threat to, to our retirement. Um, you know, we'll get more into that, but it's important to be balanced in both.

Speaker 3 (12:40):

Yup, absolutely. And I think from the perspective of a student today, who's graduating, let's say they're coming out with a couple of hundred thousand of student loans that may seem almost insurmountable. And what we do with our clients is help them and help PTs to, uh, be able to fit that into the budget and still have everything else going on that they want to have in their lives. So it's, it's about building that career that you love, PTs love their careers. They want to be in that career. They, they want to work with their patients. It's a wonderful career and they should be able to love it and enjoy it and not have that be something that's going to be an anchor and weigh them down. And that's what we do with our PTs, helping them with that.

Speaker 1 (13:30):

And let me ask you a question. You had mentioned forgiveness programs. Could you give some examples of some forgiveness programs that, uh, physical therapists and maybe other healthcare professionals can take advantage of if they qualify? Sorry. Sure. We have a few that's okay. Is it okay now? Yeah. Yeah. My internet connection was a little unstable, but it's back.

Speaker 3 (14:04):

Okay. All right. Awesome. Should I just pick it up there? Okay. Is it, is it not good again? I can hear you, Aaron. Are you okay? Yes. Okay. All right. Okay. We're good. Yep.

Speaker 1 (14:20):

Okay. Yeah. So you can just pick it up from there. So, um, what forgiveness programs can physical therapists or their healthcare professionals take advantage of?

Speaker 3 (14:30):

Absolutely. So there are a few different programs today. The first one that I think most people are the most familiar with would be the public service loan forgiveness. So that's for people who work in the public sector or they work at a five oh one C3 non-profit, uh, company, which allows you after 10 years, assuming that the balances have not been paid off to receive forgiveness. There's another program, which also a lot of people are familiar with income based repayment, uh, that has some different things that we need to qualify for in order to be part of that program. But it's actually a lot more, a lot easier and a lot more possible than a lot of people think it's definitely worth looking into. And that program allows for forgiveness of the loans after 25 years of on-time payments. And then there's another program which is fairly new.

Speaker 3 (15:27):

That's called the pay as you earn program. It has very specific rules and dates about when the loans were dispersed and w we can definitely help go through those and work through them and see if our, see if PTs would qualify for any of those programs. We find that many people do qualify for forgiveness programs. They're not always aware that they can, or they think, you know, they have to work at a specific kind of a hospital or something like that, but, but there are a lot of options out there and it can, it can save hundreds of thousands of dollars. Literally. This is the amount of money that we're talking about here that people have saved by taking the time to talk to a professional who knows the ins and outs of this, this part of the field. So it's really, really important to take a look at this.

Speaker 1 (16:22):

Excellent. So we've talked about protection, having the right disability coverage, managing student loans, and you alluded to within the managing of student loans that we also need to save for our retirement. So let's talk about retirement because I think it can be confusing and overwhelming and daunting if you have, if, if you're just not sure what you can do. So what are our options for retirement? Yes. Great.

Speaker 2 (16:52):

And you bring up a good point when people hear retirement, Karen, right. They kind of want to run for the Hills. It can be very overwhelming, Joe. And I try to make it as, you know, as an in line to your goals and help walk you through it as much as we can. And that's, there's a lot of different options for, especially for business owners. There's something called a SEP IRA that a business owner can have. Uh, we walked through a lot of different options that a lot of people might not know about or even available to them. And Jill and I talk a lot about saving into different buckets of money. So not put putting all of our retirement savings into one specific bucket or vehicle, if you will, and really having a strong plan, that's diversified across a lot of different buckets. Jill, I'm sure you can, you can add more to the bucket. We can go on and on about those. Oh, thank

Speaker 3 (17:52):

You, Aaron. Aaron knows I can go on and on about this. So retirement is something that is never too soon to start it. It's just never too soon. If we start saving for retirement in our twenties, we can, we can literally save half or a third of what we would need to save. If we start in our thirties and then help us, if we start in our forties, it's something that we need to start as soon as possible. And what Erin, when you were saying is so true, it's not just about our asset allocation. It's about asset location. What are the different accounts that we're able to take advantage of to save money in? So that we're both saving now on say for example, on taxes, but also in the future. So we're, so we're not creating a lot of tax liability for ourselves in the future.

Speaker 3 (18:43):

We want to make sure that we have assets that we can turn into income in the future because while net worth is really good to talk about, it's important, really what we need to be able to do with our assets and with our net worth is in your retirement to turn that into reliable and guaranteed income sources, because that is really, what's going to set us up for wellness now in the midterm and in the future and retirement accounts, we have our qualified accounts like our 401ks and our IRAs and our Roth IRAs. And then we also have other options that have tax advantages that we also talk about. We also want to make sure that we have liquidity during our lives so that we're saving in ways that are going to, so we're going to be able to access some of our savings if we need it while we're in our working years. And then when we get into, uh, finishing up our accumulation period and getting into retirement, which is our distribution phase, that we have created ways for ourselves, uh, to both have that guaranteed and reliable income, and also been as tax efficient as possible all along. So we can continue that tax efficiency in the retirement years as well.

Speaker 1 (20:02):

And so you had mentioned 401ks, IRAs, Roth IRAs. Um, quick question. And I think I know the answer to this, but I don't know when you're, uh, w working for a company, you can have a 401k. I don't even know if companies are matching anymore. I don't know if that's a thing anymore, but if a company is going to match, do you, let's say a company matches at 7%, I'm just pulling a number out. Right. Do you suggest that as the employee, you put 7% in and have that match, or do you suggest as an employee, you put as much as you can and they'll kick in an extra 7%. Does that make sense? I think

Speaker 3 (20:47):

In general, I'm sorry. Go ahead. I said, does that make sense? Yeah, that, that does make sense. Yeah. I think it does depend on an individual's particular situation, but if we, it, and believe me, if an employer is so generous today that they do a 7% match, of course, we generally would recommend that people get the match if they can. Um, some employers don't match today. Most common we've seen is around 3% if they do match, but, uh, if they, if they do match and we can be putting enough in there to get the match, that's a great idea to get that because that's like additional income for us from the employers. So that's great to get. And then there, there are some other ways that we can also save in addition to the 401k, because we, one of the, one of the things about those qualified retirement accounts, as you know, Karen, is that they, we do have to wait until we're 59 and a half to access that money without penalties or paying income tax on that.

Speaker 3 (21:49):

Uh, we do have to, unless there are specific situations along the way, of course. Uh, so we do want to make sure that we have ways of savings that are going to give us liquidity during our working years, during our accumulation years. So there are other types of accounts that we can take advantage of as well and save in those as well. So, as you were saying, Erin, we have those different buckets of money that are in different types of accounts that have different rules as to how they work, how they are taxed. And th that's going to be the most beneficial for us in the long run. It's not just allocation, but asset location. Mm

Speaker 2 (22:28):

That's. You bring up a really good point, Joe, with location, right. Is almost even more important than the amount we have. Uh, and this is one of the biggest problems. I think that Jill and I see with clients is a lot of clients have, you know, a retirement plan they've been saving, but what's their distribution plan. They want over time and where is money coming from? And where's the best place to be starting to pull it from and in what order? So we're walking through all of those strategies, uh, with, with our clients and ultimately how to have the highest possible cashflow with lowest taxes and, and leave a legacy if we decide to. So those are all really important things that we'll, we'll kind of walk through.

Speaker 1 (23:13):

And can you give an example, maybe one example of where you can kind of what, where you can park your money bucket. That's not the 401k, the IRA, the Roth IRA, the step, you know, I think everyone kind of has, um, an idea of what those are, but what else is there?

Speaker 3 (23:41):

Absolutely. So I think it depends also Karen, the purpose for our savings for that particular savings and also our timeline. So when we're thinking about, okay, is, is this money that we're saving, that we want to be able to access, let's say in 10 years, and we want to invest it in the meantime, it's not something that we need right away, because if we're thinking about an emergency fund money like that, we usually recommend that people put that into a savings account, just a regular savings account that they can get to very easily. But if this is going to be invested money, then we can always do a brokerage account, which is going to enable us to access that at any time, we're not going to have any penalties or fees associated with it. If we have gains and we take some of those gains, then we're only going to ever have capital gains tax, as long as we've held those, those, uh, investments for a year in a day. So that's something that I think could be very beneficial to people as an accompaniment, to the qualified plans and, uh, you know, a great something great to have in the overall design of the financial plan.

Speaker 1 (24:50):

Yeah. That makes a lot of sense. Thank you for that. Um, and then I think one more thing on the IRA versus the Roth IRA, can you differentiate those two so that people know what's a Roth IRA what's qualifies for, how do you qualify for a Roth IRA, a regular IRA?

Speaker 3 (25:11):

Sure. So there, there are a couple of differences between a Roth and actually a 401k can have a Roth option as well. Not all employers offer that, but some do so between a Roth IRA and a traditional IRA, the main difference is how money is tax going into the account and then how money is taxed or not taxed, it's coming out of the account. And the difference is with a traditional IRA, we are putting in pre-tax dollars. We are not paying tax on the money that we put in right now. And we can also take that off of our income. So we get slightly reduced income tax, and then we have that money growing tax deferred. And then when we go to use it from 59 and a half on, uh, we are taking that money out and we're paying income tax on it. So with a Roth option, kind of doing the opposite kind of thing, and the rods does have income limits in terms of being able to contribute to a Roth account, uh, both for individuals.

Speaker 3 (26:12):

And, uh, so going forward, when we think about a Roth, we're going to be setting ourselves up with tax-free income in the future. As long as our money has been in the Roth account for at least five years, when we take it out after 59 and a half, we're going to get it. Tax-free, it's growing tax free all along and what, but when we put it in, we're putting in after tax dollars. So we paid income tax on our dollars that we put into a Roth, it grows tax-free and then we take in retirement income tax free, as long as we have that five-year period.

Speaker 1 (26:49):

Got it. Thank you. Great. Cause I know, uh, oftentimes people, um, can get confused on that. So I just wanted to kind of bring a little clarity around those different kinds of IRAs and things like that. And, and, you know, physical as a physical therapist, like this is not what we went to school for. So we depend on people like you, um, to walk us through and figure out where, where, where can I put money in now? So that at 59 and a half, I'm taking it out with the greatest benefit I can. And you're not like getting hit with like, oh my gosh. Or if you want to save for a house, maybe you don't want to have that in, uh, obviously in like a, your 401k, because if you pull that out early, you get a big penalty.

Speaker 2 (27:35):

Absolutely. And that's what we spend a lot of time, you know, collecting goals and walking through personal business goals, because that really determines where we're saving and how timeline wise. We want to access that money and we'll review it at least twice a year with, with clients. Um, and because that plan is always changing. Right?

Speaker 1 (27:57):

Yeah. And I think, you know, I think this gives this talk, gives, uh, the listeners number one, a lot to think about, to look into maybe what they already have in their retirement, what they already have in disability, how they're managing their student loans and perhaps they can take to their financial advisors, or maybe they want to come and talk to you guys to see how can we maximize our financial wellness. I mean, how can we make sure that we're not wasting money and that in the end we can get back the most money. Right. That's kind of the deal. Exactly. Yeah. So now, all right. Is there anything, um, so I just to, I'm going to recap the top three tips are protection and disability insurance, managing your student loans and understanding your retirement and where all of your, all the buckets that your money is going in. And to make sure that it's not all in one.

Speaker 2 (28:59):

Yes. Okay. You summed it up very well. Karen, I think ultimately to even break it down even more Jill and I are just here to kind of help people understand how to organize and what to prioritize. And we're here to help kind of navigate all of that because it can be very overwhelming and we are here to, to help navigate through that. All

Speaker 1 (29:20):

Right. Awesome. And now, where can people find you? Where can people find you, uh, websites, social media, all that fun stuff.

Speaker 2 (29:32):

Yep. So Jill and I are both on, on LinkedIn. Uh, you can find us on our website. We are on, uh, CFS, llc.com. We each have our own, uh, aims under there. And can you start us on LinkedIn?

Speaker 1 (29:48):

Perfect. And we'll also have just so people listening will have all the links at the show notes at podcasts at healthy, wealthy, smart.com. Um, so you can just go on there and one click will take you to Jill and to Aaron, to their LinkedIn and to their website. So excellent. Now we're going to finish up, I've got one last question for both of you. It's I ask everyone the same question and it's knowing where you are now in your life and your career. What advice would you give to your younger self

Speaker 2 (30:21):

Start saving sooner than you think? Even if it's, even if it, we always Jill and I always say we laugh at the start somewhere, right. Even if it's 10 bucks a week, you know, just start somewhere. And that will, that will grow over time. Absolutely spoken.

Speaker 1 (30:37):

Like it's spoken like a true financial advisor.

Speaker 2 (30:41):

Go ahead, Jess. How about you, Jill, I'll

Speaker 3 (30:44):

Give a nonfinancial nonfinancial related advice because I think that was perfect advice. Aaron, the sooner you start the better, um, I would also say to my younger self, um, just go for my dreams and my goals even more than I did. I think for young people today, just, just go for it, just achieve what you are, what you want to achieve with what's deep inside you. You want to bring good into the world. Just go ahead and do it.

Speaker 1 (31:12):

Excellent advice from both of you ladies. Thank you so much. And I also want to give a shout out to Helene, um, cause she sort of put us together and um, she, uh, is the creator of mama bear, uh, physical therapies.

Speaker 2 (31:29):

Yeah. So we'll

Speaker 1 (31:30):

Have a link to Helene's, uh, business in the show notes as well, because I love, um, I love to show sort of the web of how we're all connected, you know? So it's just shout out to her. Yeah. And to her business and we're all very excited. I think the three of us are collectively very excited for her.

Speaker 2 (31:50):

We're so proud of her. She's awesome. Agreed.

Speaker 1 (31:54):

All right. Well ladies, thank you so much for coming on and everyone thank you so much for tuning in and for listening. Have a great week and stay healthy, wealthy and smart.