Financial planning shouldn’t just be for the uber wealthy.
Chris Hutchins is coming on the show to talk about the problem we are beginning to face when it comes to getting professional financial planning advice: the cost.
A financial plan takes time to complete and that time costs $2,500 on average...and all that gets you is a one-time plan.
In addition, our lives have changed over the past few decades and fewer people are working a 30-year career, retiring with a pension, and then living happily ever after.
Instead, what you see today is a constant move in careers, changes in life plans, moving all over the country/world, and countless other changes that are much different than what was once the norm.
And each time you make a life change, is it fair to have to spend $2,500 to adjust your plan with a financial planner?
Heck no!
Basically there are three different ways to get professional financial wealth building advice:
1. Meeting with a financial advisor (Expensive and individualized)
2. 100% robo-advisor (Cheap and cookie-cutter)
3. Hybrid approach (A mixture of both)
During the interview, Chris and I talk about:
• When the cookie-cutter approach to personal finance is actually a better plan
• The problem when you try to apply only a robo-advisor to life and money
• What life looks life for today’s investor
• The challenges that people will face in the future in terms of investing
• How to create an affordable plan fitting your lifestyle now and in the future
All the show notes, links and anything Chris and I mentioned can be found at https://www.moneypeach.com/session101
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EP169: What is "Infinite Banking" and is it a Scam?
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EP167: How to Create Digital Cash Envelopes with Ryan Clark
EP166: How to Open a Brokerage Account
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EP164: What is the BEST Mortgage For Me Right Now?
EP163: Financial Independence in Her 30s with Diania Merriam
EP162: How Does a HELOC Work and Is It Right for Me?
EP161: The 50/30/20 Budget For Those Who Like Simple
EP160: The Most Important Part of Your Money You Aren't Doing Right
EP159: Should I Buy a New Car? (The REAL Costs Broken Down)
EP158: How to Finally STOP Living Paycheck to Paycheck
EP157: How to Use Profit First in Your Biz or Side Hustle
EP156: How I'm Picking Winning Stocks that Beat the Market
EP155: The 4 BEST Retirement Investment Accounts in 2021
EP154: How to Get Started Investing in 2021
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