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The Importance of Values and Goals Based Planning (Ep. 2)
Summary
In this episode, Scott Showers and Ryan Newton discuss the importance of merging money with life by having clarity in values. They emphasize the need for trust and the impact of childhood experiences on financial trust. The conversation explores the difference between values and goals-based planning and values-based investing. They highlight the dynamic nature of life and the importance of regularly monitoring and adjusting financial plans. The episode also covers finding a trusted advisor, living below your means, and the significance of health, relationships, and faith in your life and how delegating the things you can delegate to professionals, may improve the quality of your life.
Takeaways
- Merge money with life by having clarity in values
Chapters
00:00 Introduction and Acknowledgments
01:33 Reluctance to Engage with Financial Advisors
02:31 The Shift to Qualitative Data in Financial Planning
03:27 The Impact of Childhood Experiences on Financial Trust
06:15 Exploring Values and Goals in Financial Planning
07:11 Values and Goals Based Planning vs. Values Based Investing
09:39 Differentiating Personal Values from Societal Values
10:09 Creating an Inspiring Financial Strategy
11:34 The Importance of Time Management in Financial Planning
13:12 Living Below Your Means and Avoiding Debt
15:02 The Dynamic Nature of Life and Financial Planning
19:21 Distinguishing Core Values from Oughts and Fun
23:07 Creating a Financial Flight Plan
25:56 The Importance of Health, Relationships, and Faith
27:26 Determining Your Role in Financial Planning
28:38 Finding a Trusted Advisor and Avoiding Salespeople
31:02 Regular Monitoring and Adjustments in Financial Planning
32:29 Learning from Financial Mistakes
34:09 Limiting Debt and Making Wise Financial Decisions
36:41 Finding a Trusted Advisor and Delegating Financial Decisions
38:36 Identifying Conflicts of Interest and Compensation
39:33 The Importance of Both Partners' Involvement in Financial Planning
40:19 Avoiding High-Pressure Sales Tactics
46:52 Asking Honest Questions and Expecting Honest Answers
49:21 Reasonable Expectations and Managing Conflicts of Interest
52:15 Contact Information
53:18 Conclusion and Disclaimer
Webistes:
www.frontporchfp.com
www.versowealth.com
www.focusfg.com
View all episodes
By Scott Showers & Ryan NewtonSummary
In this episode, Scott Showers and Ryan Newton discuss the importance of merging money with life by having clarity in values. They emphasize the need for trust and the impact of childhood experiences on financial trust. The conversation explores the difference between values and goals-based planning and values-based investing. They highlight the dynamic nature of life and the importance of regularly monitoring and adjusting financial plans. The episode also covers finding a trusted advisor, living below your means, and the significance of health, relationships, and faith in your life and how delegating the things you can delegate to professionals, may improve the quality of your life.
Takeaways
- Merge money with life by having clarity in values
Chapters
00:00 Introduction and Acknowledgments
01:33 Reluctance to Engage with Financial Advisors
02:31 The Shift to Qualitative Data in Financial Planning
03:27 The Impact of Childhood Experiences on Financial Trust
06:15 Exploring Values and Goals in Financial Planning
07:11 Values and Goals Based Planning vs. Values Based Investing
09:39 Differentiating Personal Values from Societal Values
10:09 Creating an Inspiring Financial Strategy
11:34 The Importance of Time Management in Financial Planning
13:12 Living Below Your Means and Avoiding Debt
15:02 The Dynamic Nature of Life and Financial Planning
19:21 Distinguishing Core Values from Oughts and Fun
23:07 Creating a Financial Flight Plan
25:56 The Importance of Health, Relationships, and Faith
27:26 Determining Your Role in Financial Planning
28:38 Finding a Trusted Advisor and Avoiding Salespeople
31:02 Regular Monitoring and Adjustments in Financial Planning
32:29 Learning from Financial Mistakes
34:09 Limiting Debt and Making Wise Financial Decisions
36:41 Finding a Trusted Advisor and Delegating Financial Decisions
38:36 Identifying Conflicts of Interest and Compensation
39:33 The Importance of Both Partners' Involvement in Financial Planning
40:19 Avoiding High-Pressure Sales Tactics
46:52 Asking Honest Questions and Expecting Honest Answers
49:21 Reasonable Expectations and Managing Conflicts of Interest
52:15 Contact Information
53:18 Conclusion and Disclaimer
Webistes:
www.frontporchfp.com
www.versowealth.com
www.focusfg.com