They will help you stage your home with items you already have or things that cost very little! BONUS: You can do this process all from your phone! #realestate #finance #staging #openhouse

In this episode, Stoy discuss the benefits of working with a financial planner. They highlight the planner’s ability to identify blind spots in your finances and compare it to hiring a coach or collaborator who can see things that you may not be able to see due to your proximity to the situation. Financial planners have a 30,000-foot view of your finances and can help you plan for the best situation should the worst happen. They are not predicting the worst will happen, but rather planning for it. By working with a financial planner, you can ensure that you stay within certain boundaries and avoid making costly mistakes. Stoy encourages listeners to interview financial planners and find the right mix for their needs. Overall, working with a financial planner can provide valuable insight and guidance to help you achieve your financial goals.

Shehara emphasize the importance of talking about money and not viewing it as a taboo subject. They point out that people often share personal information about their legal and health issues on social media, but they tend to keep their financial matters private. However, money is an emotionally driven topic, and people often overspend or make poor financial decisions due to their emotions. Therefore, it’s essential to educate oneself about money and talk about it with family, friends, and financial planners. Shehara also mention that many people feel ashamed or paralyzed when it comes to their finances, and seeking the help of a financial planner can alleviate those feelings. They encourage listeners to change their negative relationship with money and understand why it’s important to them. Overall, the show emphasizes that talking about money and seeking financial advice is crucial for achieving financial stability and success.

The episode highlights that money mindset and psychology are crucial aspects of financial planning. The guest, who is a life-centered financial planner, believes that understanding her clients’ stories and their relationship with money is essential to creating a successful financial plan. Money is an emotionally driven subject, and people often overspend or feel paralyzed and ashamed about their financial situation. Therefore, financial planners need to educate their clients and help them change their negative mindset about money. Shehara also highlights that investment returns are not the only important factor in financial planning. Instead, financial planners should focus on their clients’ goals and why money is important to them.

In summary, the episode suggests that financial planning is not just about numbers and calculations but also about understanding clients’ psychology and mindset towards money.

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[00:03:23] Wanting to retire by 30.
[00:05:34] Becoming a financial advisor.
[00:07:57] Fee-Only Financial Planning.
[00:12:03] Passing the CFP exam.
[00:19:05] Money mindset and relationship.
[00:20:10] Money mindset in financial planning.
[00:24:29] Investment returns.
[00:29:22] Heavy emotional financial planning.
[00:32:44] The black wealth gap.
[00:35:59] Learning about different cultures.
[00:39:57] Minority Access to Financial Planners.
[00:44:50] Talking about money taboo.
[00:49:22] Building Wealth and Legacy.