Financial Wheel Podcasts

 

Financial Wheel Podcasts

Equipping you to have the right conversations about money.

This podcast is designed to equip you, not tell you what to do or offer worn-out tips and tricks. The episodes are designed to encourage you to have conversations about money. Why?

 

  • Because your money should be used to support your life rather than living your life for your money.
  • Because being equipped means you have the power to manage your finances to your advantage.
  • Because conversations are about you as an individual; tips and tricks are generalizations.
  • Because being equipped to have the right conversations gives you the tools to evaluate and effectively work with your financial advisor.

  • Podcast 1
    Date
    May 1, 2019
    In this episode I answer three questions:
    1. Who am I?
    2. Why do I believe an advisor is valuable?
    3. What can you expect from these podcasts?
    You will learn a little about who I am and why I believe that financial planning can be a powerful, positive force in your life. You will learn that the people who are best in the world at what they do rely on an advisor and you will be introduced to hub, spoke and tire conversations.
  • Date
    May 1, 2019
    Who and what are the most important people, activities and possessions in your life? The answer to that question is the hub of your Financial Wheel. I’ll discuss the characteristics of a strong financial hub and help you get started creating your own, unique hub. You will find out why Hub conversations may be the most important conversations you should have with your financial advisor.


  • Date
    May 1, 2019
    In this episode, I'll tell you about an experience I had being overwhelmed at an investment expo. Because of this experience, I learned about the 4 most common mistakes people make when thinking about savings plans, cash flow management, tax management, insurance, estate planning and any of the many other Spoke conversations. You will learn about the 1 key question that will help you cut through all the hype and self-serving financial advice.
  • Date
    April 22, 2019
    Tire conversations are about the progress you are making. I explain why there are 4 questions you should ask:
    1. Are we making progress?
    2. Do we need a course correction?
    3. What obstacles are we facing?
    4. How can we do this better?
    You will find out how to measure your progress in a way that is motivating as well as informative.

Got a comment or suggestions for future episodes?

Feel free to send us your suggestions or simply leave a comment.


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Financial Satisfaction Survey

 


Directions: The statements below will help you to think about and assess how satisfied you are with many aspects of your financial life. Indicate your level of satisfaction for each statement with stars.
(1 star = "Not Satisfied", 3 stars = "Moderately Satisfied", 5 stars = "Very Satisfied")

I am satisfied with...

1. ...with my ability to meet my financial obligations

2. ...with the income my current job or career provides me.

3. ...with my spending habits.

4. ...with the level of debt I carry.

5. ...with the “extras” that I am able to buy for myself and/or loved ones.

6. ...with the level and quality of insurance protection I currently have.

7. ...with the amount of money that I save and invest on a regular basis.

8. ...with my current investment choices.

9. ...that I am on track to build a sufficient retirement nest egg.

10. ...with the level of employee benefits I receive.

11. ...with my style of personal bookkeeping and financial record management.

12. ...with my ability to provide financial help to family members.

13. ...with my estate plan.

14. ...with my level of charitable giving.

15. ...with the level of financial education I have attained.

16. ...with how I respond emotionally to my personal finance issues.

17. ...with my ability to communicate about my financial matters.

18. ...with the feelings I have about my money life.

19. ...that financial issues do not cause stress or strain in the relationships that are important to me.

20. ...with the working relationships I have with my financial service providers (i.e., insurance agent, banker, broker, financial planner, accountant).


© 2002 - 2018 Money Quotient, Inc. All Rights Reserved. This document is available via licensing arrangements with Money Quotient and is protected by federal copyright law. No unauthorized copying, adaptation, distribution, or display is permitted - moneyquotient.org.

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Life Transition Survey

 


Directions: In each section, select the transitions that you are currently experiencing and those you are likely to experience in the future. In addition, check transitions in the short to mid-term and long-term columns that you either hope to experience or anticipate with concern.

Work Life Transitions

1. Change in career path:

2. New Job:

3. Promotion

4. Job loss

5. Job restructure

6. Education / retraining

7. Sell or close business

8. Transfer family business

9. Gain a business partner:

10. Lose a business partner:

11. Downshift / simplify work life

12. Sabbatical / leave of absence

13. Start or purchase a business

14. Retire:

15. Phase into retirement

16. Other


Financial Life Transitions

1. Purchase a home:

2. Sell a home:

3. Relocate:

4. Purchase a vacation home / timeshare:

5. Re-evaluate investment philosophy:

6. Experience investment gain:

7. Experience investment loss:

8. Debt concerns:

9. Consider investment opportunity:

10. Receive inheritance or financial windfall:

11. Sell assets:

12. Other:


Family Life Transitions

1. Change in marital status (marriage):

2. Change in marital status (divorce):

3. Change in marital status (widowhood):

4. Expecting or adopting a child:

5. Hire child care:

6. Child entering adolescence:

7. Child with special needs:

8. Child w/pre-college expenses:

9. Child going to college:

10. Child getting married:

11. Empty nest:

12. Family special event (Bat/Bar Mitzvah, anniversary party, trip):

13. Helping and/or gifting grandchildren

14. Concern about aging parent

15. Concern about health of spouse/partner or child:


Legacy Life Transitions

1. Increase charitable giving:

2. Give special financial gifts to children/grandchildren:

3. Give parental pension (monthly stipend):


© 2002 - 2018 Money Quotient, Inc. All Rights Reserved. This document is available via licensing arrangements with Money Quotient and is protected by federal copyright law. No unauthorized copying, adaptation, distribution, or display is permitted - moneyquotient.org.

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