Morgan is a singer-songwriter, an author, and the co-founder of Trailhead Planners, a financial planning and wealth management firm serving clients nationally. Morgan lives with his family in Minneapolis, Minnesota.

Morgan is the author of Money with Purpose: Receive the Dividends of an Undivided Financial Life and is an in-demand financial industry writer via his popular newsletter, The Value of Advice.

You can find more information about Morgan and follow his blog at morganranstrom.com

Our mutual good friend Matt Zeigler kindly introduced us, and I’m grateful we connected, and had an opportunity to record.

Today, we talk about money. Morgan emphasizes though that becoming a millionaire should not be the ultimate goal; instead, money should be a means to a more meaningful end.

My guest points out that money plays a role in overall well-being and should not be ignored or underestimated. Shifting from a victim mentality to one of ownership and gratitude is crucial for financial well-being.

Morgan also highlights that the act of creation, such as through music, it’s something that can bring personal fulfillment and leave a lasting legacy.

Money, he suggests, can be used to buy back time and create meaningful experiences.

Legacy and passing on wisdom to future generations is an important aspect of financial planning for him.

Morgan stresses that time is a valuable resource that should be prioritized and used intentionally. He noted that wisdom and experience are valuable assets in entrepreneurship, with many successful entrepreneurs being in their 40s and 50s.

He reminds us that life is long, providing ample time to pursue meaningful things and have meaningful experiences.

Morgan advises letting go of guilt and shame when enjoying life's pleasures and prioritizing self-care.

Stay tuned until the end, when we talk about investing for the future and caring for future generations while setting them up for success.

Chapters:

- 05:00 Introduction and Overlapping Interests

- 13:22 Money as a Means to a More Meaningful End

- 31:54 Shifting from Victim to Gratitude

- 40:21 Money Can Buy Time

- 51:57 Time: A Valuable Resource

- 01:00:25 Investing for Future Beings

- 01:14:04 Defining Success: Virtue, Family, and Creation

Podcast Program – Disclosure Statement

Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. 

Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.