Money skills are 21st century survival skills.May 24, 2019
Protecting Your Health and Wealth During Difficult Times (03/15/2020)March 15, 2020
“To communicate effectively, remember that purpose is king.”
– Keith Ferrin
Every money conversation should have a purpose. Money skills are the survival skills of the 21st century making the conversations you have about money very important. Those conversations should be helpful and meaningful, so you want to have a purpose for each conversation – especially if that conversation is with your financial advisor.
A meaningful purpose for each conversation starts by deciding if you’re going to have a hub, spoke or tire conversation. Do you want to talk about how your money can support your life? Then you want to have a hub conversation. If a specific money skill is on your mind, then you want to have a spoke conversation. Tire conversations are for measuring your progress and determining if any changes are needed.
You want to have the right conversations about money to help guide your financial decisions. That is why we are equipping you to have hub, spoke and tire conversations in our Financial Wheel podcasts.
Thom Allison, CFP®