Succession Planning for Business Owners, Financial Advisors - and INVESTORSSuccession Planning: 7 Critical StepsSuccession planning is a critical process that impacts both investors and their investment advisors. Understanding this process ensures that clients' financial interests are protected and that advisors can smoothly transition their businesses when necessary. Here’s a guide to help you and your investment advisor navigate this important journey together.Watch it on YouTube!

Purpose-Centered Financial Planning

For Women of Wealth, Business Leaders, and Financial Planning Professionals 

Purpose-Centered Financial Planning: Aligning Your Financial Goals with Your Values

In today's complex financial landscape, many individuals and business owners struggle to find financial advice that truly aligns with their values and long-term goals. Purpose-Centered Financial Planning aims to bridge this gap by focusing on What Matters Most to clients, offering a holistic approach that integrates their personal and professional aspirations.

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Max Dixon Inspired Library for Doug Carter, The Brazos River, and Mother's DayThe Salty Advisor Podcast May 10, 2024Season 3Episode 1•Introducing The Doug Carter Library•The Brazos River Update •Happy Mother’s Day•What’s NextExecutive Life Coaching for Women of Wealth, Business Leaders, and Financial Planning Professionals

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In this season of The Salty Advisor Podcast, we pay tribute to the life-changing principles imparted by our mentor and Executive Life Coach, Doug Carter. For almost 20 years, I have been a part of the Doug Carter Summit along with a beautiful community of Financial Planning Professionals. We’ve all had the privilege of one-on-one executive coaching sessions with Doug throughout our careers.

Day 7: Clarifying What Matters Most - to You 📽‼️

Welcome to Day 7 of "30 Days to Make Your Money Count." Today, we embark on a journey of self-discovery and clarity as we explore the importance of defining what matters most to you.
Click Here to Download Chapter 3 Powered by Purpose

 

Meet The Millionaire Next DoorThe Millionaire Next Door was written by Thomas J. Stanley and William D. Danko. The Millionaire Next Door was originally published in 1996.

The book explores the concept of wealth accumulation and challenges common misconceptions about millionaires.

The authors conducted extensive research to understand the characteristics, habits, and lifestyles of millionaires in the United States.

The main premise of the book is that many millionaires are not the flashy, extravagant individuals often portrayed in the media.

Instead, the millionaires next door tend to live modest and unassuming lives. The authors identify seven key characteristics of these “millionaires next door”:

1. Frugality: Many millionaires are diligent about controlling their expenses and living within their means.
2. Savings and Investing: Millionaires focus on saving a significant portion of their income and investing wisely. They prioritize long-term financial goals over short-term consumption.
3. Education: Education is highly valued among millionaires. They tend to be lifelong learners and invest in their own knowledge and skills.
4. Entrepreneurship: A significant portion of millionaires are self-employed or own small businesses. Entrepreneurial ventures have contributed to their financial success.
5. Avoiding Debt: Millionaires tend to avoid excessive debt and are cautious about taking on financial liabilities.
6. Ownership of Appreciating Assets: Millionaires often invest in assets that appreciate over time, such as real estate, stocks, and businesses.
7. Discipline and Persistence: Achieving millionaire status requires discipline, hard work, and perseverance over the long term.

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30 Days to Make Your Money Count Over the last decade a small, secret group of Jesus Followers have been working to raise up a new breed of wealth managers. 
 

This special group of wealth managers is focused on helping people create a better plan for using their money, to make a difference. To make a difference in their communities. To make a difference in culture. To make a difference, in the world. And, as always, to make a difference in the lives of the people they love. 

We all know, that true wealth, is not about having more toys and trinkets. True wealth is about influence, and impact. 

Money is tangible, but money is also emotional in nature. It's necessary for the exchange of goods and services, but money is also, often, what divides spouses and families. Money is a primary source of permanent scars among loved ones. It's used to rebuild entire nations and their infrastructure, but money is equally vitalto support the poorest among us, for food and shelter.

If you're a Financial Advisor, and if you want to learn more about our special group of financial influencers, join me, on The Salty Advisor Podcast. 

In each episode, we take a fresh dive into the principles, and the process, of building wealth. If you're ready to take your Financial Planning Process to the next level, Join Us Today.

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Amazon Employee Investment StrategiesHey Amazon employees, welcome to an enlightening episode of The Missional Money Podcast. Today, we're exploring Amazon 401k Optimization Strategies with an eye on maximizing returns and minimizing risk. Back in 2019, Nick had $100,000 invested solely in the VANGUARD TARGET 2040 Blended Fund. However, after meeting with me (Jim Munchbach, CFP® Professional, for a quick Financial Planning Review, I suggested that Nick consider putting a couple of my favorite investment strategies to work in his Amazon 401k plan. I wanted to test my marketing team with our new army of AI soldiers (too many to list here in this post, much more to come in future posts about AI and the AI Tools we use at BayRock Financial). Watch this Video in YouTube!

Client Onboarding ProcessWelcome to BayRock! Our Client Onboarding Process is designed to set the stage for your financial success. 

Our Mission

At BayRock, we’re dedicated to helping individual investors, families, and business owners manage the risk and opportunity of everyday life, recover from the unexpected, and realize their highest purpose. We’ll be here every step of the Financial Planning Process, including the client onboarding process. Let’s take a few minutes to highlight the first steps we employ to ensure a smooth and seamless transition to help you get started as a new BayRock Client.

Step 1: Quick Call To Kick Things

Once you’ve decided that you’re ready to start working with us, we’ll schedule a quick call to go over the next steps and review all the information that’s already been gathered. This helps us to know if we’re missing anything so we can start preparing your paperwork to get the ball rolling.

Step 2: Get Your Risk NumberTo initiate the Financial Planning Process, you will complete a quick risk questionnaire. This questionnairecomprises a series of targeted questions designed to evaluate your financial goals, investment knowledge, time horizon, and risk preferences. By analyzing your responses, RiskAlyze generates valuable insights into your risk tolerance and creates Your Risk Number. Click here to Get Your Risk Number.Watch the Video - Click Here!

What is Fiduciary Advice?

• What is Fiduciary Advice by Investopedia
• What is Fiduciary? Let's Ask Clark
• Independent Fiduciary Advice vs. Financial Advisor
• Fiduciary Advice vs. Financial Planning Education
• Fiduciary Advice vs. Financial Coaching 
• Independent Fiduciary Advice Fee Structure
• Hidden Fees and Conflicts of Interest
• Fiduciary Advisory Client Onboarding
• Client Onboarding Risk Tolerance
• Client Intake Forms
• Client Onboarding Legal Documents
• Client Onboarding Agreements
• Fiduciary Advice and Advisor Coordination
• The Financial Planning Gap Analysis

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Missional Money Membership Offer for Financial Advisors

Missional Money Membership for Financial Advisors. Get full access to our RightCapital Planning Portal, all Premium Courses, What Matters Most, The Blueprint, and much more. Lock in our introductory price of $24.95 per month.