Mama, what do you really want your life to look like?
I know that you may have a difficult time answering this question, you may have an idea of what you imagine it to look like, but then you don’t feel like it’s possible. And because your vision isn’t clear enough, you just go about your life doing what you think should be done as per society’s norm.
What do you think would happen if you were to start being really intentional and truly understood what it is that is important to you and your family, and have very clear goals for the life you want to live? Maybe you want to cut down on your working hours and start spending more time with your kids, or maybe you just want to be able to go on a family vacation once a year.
Getting really clear on this and having a great financial planner can help you on this road. My guest today is a Certified Financial Planner who helps families seek early financial independence for the purpose of the freedom to spend significant time with the people they care about and the ability to pursue what is important to them.
Meet Jim Crider
Jim Crider, is a husband, dad of 3 boys, outdoor adventurer, and a CERTIFIED FINANCIAL PLANNER TM. He is the CEO of Intentional Living FP, a financial planning company designed specifically to guide clients as they navigate the path to early financial independence for the purpose of spending time with the people they care about and pursuing their passions.
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In This Podcast
- A common mistake families make when it comes to financial planning
- How do you plan with intention?
- When should you meet with a financial planner?
- How do you find a good financial planner?
A common mistake families make when it comes to financial planning
When each person in the family does not fully understand what is actually important to them:
- Who they are,
- What they hope to be, and
- What they hope to accomplish in life
If you are married, it is also important for each spouse to know these things about themselves and one another so that they can be aligned.
That’s foundational. If you don’t know what you’re actually planning for, and I’m not talking about goals … I’m talking about who, at your core, do you hope to be? What do you want to be known for? … Once you fully understand that about yourself and about your spouse and you are aligned, then and only then can you actually move forward on a healthy framework, to actually implement taking proper actions. (Jim Crider)
How do you plan with intention?
Understand who you are, what you want to be known for, and who you want to become, because money is a tool, and once you know the answers to the previous questions you are able to utilize the power of money as a tool to make those answers realities.
A series of questions to ask yourself first off:
- If money was no longer a concern in your life, how would you spend your time?
- You find out you only have five to ten years left to live; how would you spend your remaining time?
- If you find out you only have 24-hours left to live, think about this; who did you not get to become? What did you not get to experience?
When should you meet with a financial planner?
When and how should you decide to work with a financial planner? There is a myth that you need to have a lot of money to work with a financial adviser, and sometimes traditionally this is true, however not for all cases.
- Will: do you have the desire to manage your own money?
- Skill: do you have the skill to manage your own money?
- Time: do you have the time to review your portfolio, get ahead on tax, and set out a proper budget?
If you can say yes to all three of those … then my goodness, go for it and do it on your own, that’s fantastic! But if there’s one of those three that you can’t honestly say “yes” to, then that would be that you should look to [outsourcing] part of that. (Jim Crider)
Outsourcing this assistance can look different for each person depending on what you want to use your money for, and what you want to achieve with it.
How do you find a good financial planner?
Once you have decided that you would like to work with and hire a financial planner, what aspects or qualities should you keep an eye out for in them?
- You want someone who is academically on top of things. Look for someone who is CFP certified.
- Is this person a generalist, or do they work with people like me?
- Find someone who is a guide to you on your journey and is not simply preaching facts or programs at you.
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Meet Veronica Cisneros
I’m a licensed therapist and women walk into my office every day stressed and disconnected. As a mom of three daughters, I want my girls to know who they are and feel confident about their future. I can’t think of a better way to help other women than by demonstrating an empowered and unapologetic life.
So I started Empowered and Unapologetic to be a safe space for women to be vulnerable and change their lives for the better before she ever needs to see a therapist.
Thanks for listening!
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Empowered and Unapologetic is part of the Practice of the Practice Podcast Network, a network of podcasts seeking to help you thrive, imperfectly. To hear other podcasts like the Bomb Mom Podcast, Imperfect Thriving, or Beta Male Revolution, go to practiceofthepractice.com/network.