February 13, 2024

Stuff About Money: Making Each Other Better

35 minutes

In this episode of the Stuff About Money podcast, Erik Garcia, CFP®, BFA and Xavier Angel, CFP®, ChFC, CLTC, take you on a trip down memory lane. They reminisce on how they first met (it has something to do with shoe shopping) and how Xavier ended up joining the Plan Wisely Wealth Advisors team. They share how they ended up developing their business model to deliver ongoing financial advice to clients. Erik shares his one-page monthly business plan. And finally, Xavier shares a little bit about his experience as a black advisor in a predominantly white industry.

Episode Highlights:

Xavier congratulates Erik for earning his Chartered Financial Consultant (ChFC) designation. (2:47)

Erik and Xavier share a light-hearted memory of bonding over shoe shopping during a financial planning course, highlighting their start and strategic networking in the industry. (7:19)

Erik reflects on the importance of reflection and considering one's actions, rather than moving too quickly and not fully absorbing the present moment. (10:44)

Erik and Xavier discuss estate planning, beneficiary designations, and succession planning for business owners, with a focus on checking company-sponsored life insurance and retirement accounts. (14:12)

Xavier shares the value of learning from others in different regions. (19:23)

Erik emphasizes the importance of hiring professionals to help achieve personal and financial goals. (21:54)

Xavier shares his experience of being the only minority in a conference room full of old white men. (26:54)

Key Quotes:

“When you start to live life, and walk day by day, with people of a different culture, you start to understand so much more about why things are the way they are, you start to understand why people are the way they are.” - Erik Garcia, CFP®, BFA

“Go out there, listen to someone's story talk to one person that you normally wouldn't have spoken to. When you walk in that building, say hello. Because you never know what someone else is going through. You may just make their day. ” - Xavier Angel, CFP®, ChFC, CLTC

Resources Mentioned:

Erik Garcia, CFP®, BFA

Xavier Angel, CFP®, ChFC, CLTC

Plan Wisely Wealth Advisors

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By Agency Intelligence

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