🎧 Episode 91: The 5 Domains of Better Financial Planning

🔍 Episode Overview

In this episode of One for the Money, we explore the Five Domains of Better Financial Planning—a framework that, when fully addressed, helps individuals and families live with greater financial confidence, clarity, and purpose.

Drawing parallels from real-life stories and even lessons from a classic hunting book, this episode delivers powerful metaphors and cautionary tales that illustrate what can happen when you ignore or neglect key areas of your financial life.

📌 What You’ll Learn

• What the Five Domains of financial planning are and why they matter
• How each domain contributes to a more complete, resilient financial strategy
• Real-world examples of what can go wrong when a domain is ignored
• How financial ignorance or carelessness in any of these areas can have lasting consequences
• A suggested order for tackling these domains, based on life stage and financial priorities

💡 The 5 Domains of Financial Planning

1. Investments – Building and managing your wealth through proper asset allocation.
2. Income – Managing cash flow through salary, pensions, investments, and more.
3. Insurance – Protecting your financial well-being through risk management.
4. Taxes – Minimizing your lifetime tax burden through proactive strategies.
5. Estate Planning – Ensuring your wishes are honored and loved ones are protected.

🔁 Tips, Tricks, & Strategies Segment

Wondering where to start? In the second half of the episode, we break down the optimal order to address each domain:

1. Insurance (especially for those with dependents)
2. Income and Cash Flow
3. Investments and Allocations
4. Tax Planning Strategies
5. Estate Planning (especially critical after age 60)

📖 Episode Highlights & Quotes

• “Financial planning isn’t a single plan—it’s five smaller plans working in harmony.”
• “Like a hunter misjudging a lion, financial ignorance can be fatal to your future.”
• “A GoFundMe page is not a financial plan.”
• “Taxes and estate planning are often the most neglected—and the most costly—if ignored.”
• “The real purpose of estate planning is preserving family legacy—not just avoiding probate.”

📚 Mentioned in This Episode

• Book: Killers in Africa by Alexander Lake
• (Used for metaphorical lessons about ignorance and carelessness in decision-making.)

🧠 Call to Action

If you haven't addressed all five domains in your financial plan—or if you’re not sure where to begin—we’re here to help. Schedule a free consultation with us at Better Planning Better Life and take the first step toward a more secure and confident financial future.

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