June 10, 2026

Is Your 401(k) Enough? Turning Confusion Into a Plan You'll Actually Use

Is Your 401(k) Enough? Turning Confusion Into a Plan You'll Actually Use
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Season 2

Lisa Sakai believes you shouldn't wait to live your dreams — & she has the framework to prove it. In this episode she & Bonita dig into bucket list planning, the power of a clear "why," & whether your 401(k) alone can carry you to the future you want. Listeners will walk away with practical, logical next steps — including Lisa's free "Baby Step Your Way to Financial Independence" download at onevisionretire.com/resources — to take control of their finances & start living more fully today.

Ask Good Questions is broadcast live Wednesdays at 6PM ET on W4CY Radio (www.w4cy.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Ask Good Questions is viewed on Talk 4 TV (www.talk4tv.com).

Ask Good Questions Podcast is also available on Talk 4 Media (www.talk4media.com), Talk 4 Podcasting (www.talk4podcasting.com), iHeartRadio, Amazon Music, Pandora, Spotify, Audible, and over 100 other podcast outlets.

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WEBVTT

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The topics and opinions expressed in the following show are

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solely those of the hosts and their guests and not

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those of W FOURCY Radio. It's employees are affiliates. We

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make no recommendations or endorsements radio show, programs, services, or

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products mentioned on air or on our web. No liability

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explicitor implied shall be extended to W FOURCY Radio or

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it's employees are affiliates. Any questions or comments should be

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directed to those show hosts. Thank you for choosing W

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FOURCY Radio.

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Welcome to to Ask Good Questions Podcasts, broadcasting live every Wednesday,

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six pm Eastern Time on W four CY Radio at

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W fourcy dot com. This week and every week, we

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will reach for a higher purpose in money and light,

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as well as a focus on health and wellness. Now,

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let's join your host, Anita bell Anderson, as together we

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start with Asking Good Questions.

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Welcome to the Ask Good Questions podcast. I am Benita

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bell Anderson, your host, and today we have a fabulous

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topic with a fabulous financial advisor. She's an advisor on

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the other side of the country from where I am,

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and she is very much into something she called bucket

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list planning. We're going to invite her to the podcast

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stage now.

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Than you so much for having me.

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Yeah, let me tell people a little bit about you.

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She's tried careers in Hollywood. Were you trying to be

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an actress? Is that what you were doing?

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No?

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I was actually on the talent agent side, So no,

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no acting for me.

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Well, she tried to, you know, tried that in Hollywood,

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education and then insurance. She found her true calling in

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financial advice and planning, specifically for female professors and their families.

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So she virtually does a lot. You do most of

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your appointments virtually, yes.

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Yes, actually all of them. Yeah.

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Well, she focuses on something she calls bucket list planning,

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which we will get into, and she guides her clients

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to leverage their dollars to love the lifestyle they love. Now,

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with the heart of a servant in the mind of

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a teacher, she's always available to help you when you

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need her most, especially when you don't think you need her.

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So she has a unique ability to take complicated concepts

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and make them simpler and easy to understand. She was

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the past president of the Mission Viejo Chamber of Commerce.

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She is situated in California. She is also an avid

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theater goer, as I have love to go into the theater.

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She also enjoys trail.

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Running, cooking, reading, traveling food, kickboxing, spin classes, and she's

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also reteaching herself to how to play the piano, which

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is so thing I should do.

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I haven't done that.

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So Lisa, welcome, Thank you, Thank you again for having me.

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Yeah, so you tried.

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We talked about how you tried those different careers and

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what finally made you feel like this was your calling.

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I think probably I got into I grew up in

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La so I. You know, Hollywood was in my backyard,

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and I loved old movies and stuff, so that felt

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like a natural transition after college. And I did it

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for a couple of years. It was there was nothing

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wrong with it. I just didn't feel like I was

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fulfilling my purpose. And I was getting my my boss's

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car washed for the fourth time that week, and which

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is Funy likes a clean car.

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But that was what you envisioned yourself as doing.

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I know exactly. And we didn't really have We had

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cell phones, but we didn't have smartphones at that point.

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So I was sitting there actually thinking versus doing anything else,

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and I just started thinking about, you know, what was

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I what was I doing with my life, and what

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did I want at the end of the day. And

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I really I just wanted to help people and just

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know that I was helping as many people as possible.

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And while you can do that somewhat in Hollywood, you know,

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it's so corporate and everything, it's just not the same thing.

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And I wasn't a filmmaker, so it wasn't going to

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be that way of it. So I just moved into

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the complete opposite, which was teaching that I taught elementary

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school for many years, and from there, you know, again,

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I was just getting dissatisfied with the amount of impact

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I was having with the kids because you have one year, yeah,

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you know, and yes, you can help them in some respects,

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but you just don't have the lasting impact I wanted.

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So I was on Monster dot com. It shows how

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long ago that was. I don't even know if that's

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still around. I just they kept asking for teachers in

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this industry, especially in the insurance side of things, and

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I didn't quite understand why. I didn't have a financial background,

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but I applied and I got you know, I got

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called by almost every major insurance company out there. But

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I understood why because, like you know, like I like

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it was in the intro, I know how to explain

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things in a way that is easy for people. I

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didn't grow up having a financial background or anything like that.

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So I understand that financial language is very confusing and overwhelming,

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and so I don't use it. I still don't use it,

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and so yeah, I think that's kind of what has

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gotten me staying in this industry is don't do as

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much insurance anymore. Mainly do a lot of financial plans

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and you know that kind of stuff, but and and

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investing in those kind of things. But I do like

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the impact I have on clients' lives and that ongoing

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impact I can help them really get to financial freedom.

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That's pretty much what everybody wants is retirement, financial freedom,

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financial independence, whatever you want to call it. It's just

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you know, I want to do what I want to

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do when I want to do it without the worry

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of money.

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Yeah, you made me think about myself, like twenty five

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plus years ago when I was considering going into the industry,

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and it was the same thing. Basically, what I was

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told was.

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They really need.

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Women in this industry because sometimes the guys fell short

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and women have like a nurturing way of being And

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so yeah, I understand. I totally get what you're saying.

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So you work, especially with women and their families. So

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did you notice anything that they would say to you

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where they're missing something from traditional financial planning?

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Yeah, I think one of the things that probably I

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was more of a draw to women. As you know,

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there's not that many women in this industry. Really, I

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think we're still like twenty five percent women in the

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financial world. It's crazy to me, But so I think

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they're drawn to us just because we're women and we're

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nurturing women too, so that that helps because this is

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an area they don't feel comfortable with. I think that

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women in general feel like that they are quote unquote

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dumb in this area because we just don't get that education.

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We don't get it in school. But also women don't

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sit around and talk about, you know, how's your four

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oh and k doing? Like, we don't do that. That's

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not part of our culture. And men do tend to

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do stuff like that more so they do have a

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little bit of a link up on us on that.

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So you know, nobody. Mom didn't sit us down to

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talk about finances most of the time, you know. So

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I think a lot of times women feel very unsure

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of themselves. And I would say most of them have

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done fairly well of putting, you know, certain things in

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place and guardrails and all that stuff, but they don't

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feel confident in what they've done. They assume that there's

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got to be something huge that they're missing. And I

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think also some of that confidence comes in, you know,

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I do often get brought into families meaning you know,

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husband and wives majority, but you know, just situations where

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the woman of the relationship brings me in because they

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don't know how to talk to their spouse about money.

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Maybe he's been handling it, maybe she's been handling it,

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but they don't know how to have that language together.

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And I do feel like that's one of the unintended,

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you know, benefits of doing this is I get to

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help people learn how to talk about money with their

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with their significant others, which I think is really nice

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because I think it's freeing for one. So, yeah, that's

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kind of the biggest thing that I hear is women

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just feel very unconfident in their abilities to do it.

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Where do you.

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Where do you think your one vision retirement? What does

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that really mean to you? And how did that shape

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you know, how you went forward with us?

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Yeah, so you know, we kind of we we took

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it as inspiration from a queen song. But yeah, so,

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but you know, I would say that a lot of

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times people have this idea. I feel like people think

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of retirement as almost a social construct that we've put

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together in our minds, like this is how it's supposed

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to be in retirement. It's not truly what they want.

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It's not their vision. So my business partner, Chris and

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I decided that we were going to do one vision,

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which is the client's vision. It's not about what I

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want for a client or you know, there's basics as

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you know, you know, you want to have an emergency fund,

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and you are like, those are things that yes, I

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would say the majority of people should have. But when

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it comes to the mix of you know, what kind

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of investing and where risk and all, and when you

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want to retire and when you need to retire, you know,

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all that stuff, that's all personal and people don't think

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of it that way. They think of it as as

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kind of a general rules that everybody should follow, and

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that's not really true. So that was the catalyst, really

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is that's one vision, it's the client's vision.

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Well, I can kind of guess what bucketless planning means,

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but why don't you tell me what where did bucketless

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planning come from?

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Yeah, so I kind of you know, we always say

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in our industry, we always borrow really good ideas from

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other people, which is good, it's you know, it's a

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compliment to them. So I was listening to a podcast

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with you know, from Advisors for advisors kind of ideas

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to think about. One of the gentlemen on there was

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talking about how he's taken his client experiences like you know,

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those dinners, those appreciation dinners and stuff, and stepped it

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up by having them join him on their bucket list

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on his bucket list things. So you know, maybe it

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was bourbon tasting or it was you know, it's not

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like trips to Italy, but you know, it's you know,

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little things like that. And then he started to incorporate

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some of clients bucket list items in there for his

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yearly client experiences and they've really enjoyed that. And I thought,

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you know, that's really interesting. Bucket list planning let me

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kind of think about that more. And I realized, you know,

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throughout the year of like really ruminating and on thinking

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about it, that we have this list of things that

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we want to do and we say, well wait till

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retirement to do it. That is dangerous and exactly and

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to me, that's dangerous. It doesn't mean you're not going

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to have fun stuff to do, you know, financial freedom

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or retirement. It's really about you've got to figure out

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who you are and what your time away from work

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is really going to look. Like so many people are

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so embedded in their careers. You know, somebody you meet

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somebody to party and they say, tell me about yourself,

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and you say, I'm a financial advisor. That's not really

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who I am. I mean, that's what I do for

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a living. I enjoy it. You know, it's a little

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different when you're a business owner, but it's not who

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I am. And so you do have to figure out

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who you are outside of your career, and a lot

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of people can't do that. And so I find that

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the bucket list planning does that one task, which is

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help people figure out who they are in retirement. In

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financial freedom outside of work, because that is a mental

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game that can go very bad. If people don't know

227
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who they are outside of work, they can get depressed,

228
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they can it just can be really, really horrible. But

229
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the other thing that I thought was, how do we

230
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use bucket list planning to really motivate people to keep going?

231
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Because the biggest issue maybe we experience this too, was

232
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you know, retirement is twenty five years from now. How

233
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do I keep somebody motivated for twenty five years to

234
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continue moving forward on that? We've gotten a shorter and

235
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shorter attangent span with iPhones and all that stuff, you know,

236
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like you know, even YouTube, I was reading YouTube reels.

237
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The shorter, the real the better it's doing. Now it's

238
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just crazy at tension span we have so podcasting yeah,

239
00:13:44.960 --> 00:13:48.200
oh yeah exactly. So now I'm asking somebody to like

240
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think of their life in thirty years. Well, our automatic

241
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thing is, oh, I won't worry about it untill ten

242
00:13:53.919 --> 00:13:56.759
years out, maybe it's five years. And then I'm sitting

243
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there with somebody who is at fifty five, exhausted, burnt out,

244
00:14:01.240 --> 00:14:03.919
done kind of the bare minimum that they needed to do,

245
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and I'm having to tell them, well, to get to this,

246
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you're gonna have to save this, or you're gonna have

247
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to do this, or you're gonna have to give up this.

248
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I hate that. I mean, I'll tell people that they

249
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hate doing that. So I'd rather work with maybe a

250
00:14:18.200 --> 00:14:20.240
thirty five year old or forty year old who has

251
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plenty of time to get to retirement, but impact on exactly,

252
00:14:24.399 --> 00:14:27.759
and we basically put together their bucket list item and

253
00:14:27.799 --> 00:14:32.840
we change it as they accomplish it alongside their long

254
00:14:32.919 --> 00:14:35.279
term planning. So let's say it's a trip to Italy.

255
00:14:36.440 --> 00:14:39.679
You know, they when they save for their financial freedom

256
00:14:39.759 --> 00:14:44.039
or retirement, they also are saving to their trip to Italy.

257
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And they don't get to save to their trip to

258
00:14:46.320 --> 00:14:48.759
Italy if they don't do their other stuff. And if

259
00:14:48.799 --> 00:14:51.440
they can't save as much that month, that's fine, but

260
00:14:51.480 --> 00:14:54.840
it's still proportional. So it kind of keeps people going.

261
00:14:55.559 --> 00:14:58.559
You know, there's something fun that they are they have

262
00:14:58.720 --> 00:15:03.440
in their sites much sooner than twenty two years from now.

263
00:15:04.919 --> 00:15:07.120
So the other thing that kind of goes along with

264
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this is that idea that you say love the life

265
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they love now, and maybe people will understand talk about

266
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that a little bit more because it kind of goes

267
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along with this.

268
00:15:18.600 --> 00:15:22.519
Yeah, exactly, so I'm again you probably experienced this too.

269
00:15:22.639 --> 00:15:25.600
You know, I built my whole business networking, and there

270
00:15:25.679 --> 00:15:29.759
was always the strict savers that like, won't even like

271
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spend five dollars to go to the you know, well,

272
00:15:32.799 --> 00:15:35.240
I was gonna say movies, but that's not really five

273
00:15:35.279 --> 00:15:38.759
dollars anymore. But it just shows my mindset of movies,

274
00:15:39.120 --> 00:15:43.039
but five dollars to do something versus you know, somebody

275
00:15:43.039 --> 00:15:46.279
who's like, Yolo, you only love ones. I don't need

276
00:15:46.320 --> 00:15:48.679
to save. I'm just going to live my life. And

277
00:15:48.759 --> 00:15:51.399
it seems to be these two extremes. There is a

278
00:15:51.519 --> 00:15:55.759
nice middle that people can find, and that means enjoying

279
00:15:55.759 --> 00:16:01.039
your life, enjoying if you like nice wines, don't you know,

280
00:16:01.240 --> 00:16:03.720
budget yourself to the point that you're still you know,

281
00:16:03.840 --> 00:16:06.840
drinking two buck chuck and I guess it's three buck

282
00:16:06.919 --> 00:16:10.799
chuck now, and then you know, then you're saving it

283
00:16:10.919 --> 00:16:15.480
up for retirement. Like, enjoy some niceties, enjoy some stuff.

284
00:16:15.519 --> 00:16:19.440
You've got to enjoy your life now. And again, it's

285
00:16:19.480 --> 00:16:24.159
part of that mindset of who are you outside of career?

286
00:16:24.399 --> 00:16:27.519
Who are you? What do you want? What is your motivation,

287
00:16:27.679 --> 00:16:30.399
your passion, your values. I do a lot of value

288
00:16:31.279 --> 00:16:34.480
value work with clients because I don't think people know

289
00:16:34.519 --> 00:16:39.120
who what their true values are. Helps me with investing

290
00:16:39.120 --> 00:16:41.159
a lot, because you know, they can come to me

291
00:16:41.200 --> 00:16:43.080
and say, well, what about this or what about that?

292
00:16:43.159 --> 00:16:45.360
I go, does that align with your values? Let's take

293
00:16:45.399 --> 00:16:48.039
a look, And half the time they talk themselves out

294
00:16:48.080 --> 00:16:51.559
of making a silly mistake for themselves. So it's really

295
00:16:51.679 --> 00:16:56.159
it's really that mindset of like you've got to experience

296
00:16:56.240 --> 00:16:59.559
your life now and find that balance more than anything.

297
00:17:00.600 --> 00:17:05.039
Well, with keeping you know, confidentiality and not naming any names,

298
00:17:05.039 --> 00:17:08.559
do you have any Can you think of any clients

299
00:17:08.640 --> 00:17:12.279
who had a bucket less dream that that you saw

300
00:17:12.400 --> 00:17:15.519
come true because they were following your advice? Yeah?

301
00:17:15.559 --> 00:17:18.599
Maybe absolutely. Yeah, I've I've had clients I was talk

302
00:17:18.640 --> 00:17:21.640
in generalities, as you know, but like I've had clients

303
00:17:21.680 --> 00:17:25.599
who didn't think. I mean I started in twenty ten.

304
00:17:26.680 --> 00:17:28.359
You know that tells you the situation.

305
00:17:28.759 --> 00:17:31.200
I'm not able to have started that long ago.

306
00:17:31.759 --> 00:17:35.400
Yeah, exactly. And you know, two thousand and eight and

307
00:17:35.480 --> 00:17:39.200
two thousand and nine, it just happened. Everybody was just

308
00:17:39.480 --> 00:17:41.799
you know, decimated. From that point, I mean, what had

309
00:17:41.839 --> 00:17:45.599
time to start in the industry, right, but but people

310
00:17:45.640 --> 00:17:48.519
were really still licking their wounds and they I mean,

311
00:17:48.559 --> 00:17:50.799
I hate to say, there's still people who are doing that.

312
00:17:51.279 --> 00:17:53.640
And so I had people that you know, I started

313
00:17:53.680 --> 00:17:58.039
meeting with that had lost their homes, had lost their careers,

314
00:17:58.440 --> 00:18:00.720
wanted to buy another house and have been able to

315
00:18:00.759 --> 00:18:03.480
buy another house. And I've had a couple that have

316
00:18:03.519 --> 00:18:05.279
been able to pay off their homes.

317
00:18:05.839 --> 00:18:06.079
You know.

318
00:18:06.319 --> 00:18:10.039
I've had people who you know and to me, that's

319
00:18:10.039 --> 00:18:12.319
a bucket list thing for a lot of people. I've

320
00:18:12.359 --> 00:18:15.160
had people being able to take their first European trips.

321
00:18:15.920 --> 00:18:18.640
I was talking about this on one of my videos

322
00:18:18.920 --> 00:18:22.240
that I've had people who say, look at international travelough,

323
00:18:22.400 --> 00:18:23.960
I don't want to do that. I want to go

324
00:18:24.000 --> 00:18:27.599
see every national forest out there, national parks out there,

325
00:18:28.039 --> 00:18:32.119
and they've ticked off a bunch of them. So there's

326
00:18:32.160 --> 00:18:34.240
a lot of different things. I've had. One I have

327
00:18:34.599 --> 00:18:37.359
actually a couple of them that have actually gotten their

328
00:18:37.440 --> 00:18:39.720
kitchen remodeled. They've been wanting to do it as an

329
00:18:39.720 --> 00:18:45.559
old nineteen sixties kitchen and they to get remodeled. I mean,

330
00:18:45.599 --> 00:18:47.640
it doesn't have to be just fun stuff. If she

331
00:18:47.880 --> 00:18:50.799
wants cooking, so it was perfect for her. So, you know,

332
00:18:50.920 --> 00:18:54.799
there's lots of different things that people can do. I'll

333
00:18:54.799 --> 00:18:59.119
give you a very distinct example, which is my husband.

334
00:18:59.519 --> 00:19:04.079
My husband been you know, he always loved corvettes. He

335
00:19:04.160 --> 00:19:07.519
loves corvettes, and they're expensive. I mean they're like one

336
00:19:07.599 --> 00:19:11.880
hundred great. But I just know him and I knew

337
00:19:11.920 --> 00:19:14.559
that he would never take the time or take the

338
00:19:14.640 --> 00:19:17.599
money out to spend on something like that unless we

339
00:19:17.720 --> 00:19:20.880
saved for that. So he has his corvette fund and

340
00:19:20.920 --> 00:19:23.680
we have enough to buy a corvette. He's now decided

341
00:19:23.720 --> 00:19:26.319
he doesn't want a corvette anymore. But that's the joy

342
00:19:26.519 --> 00:19:29.720
of being able. Well, now I know you can do

343
00:19:29.759 --> 00:19:30.960
it something else with it.

344
00:19:31.400 --> 00:19:34.920
Maybe I want to do something else. Yeah, oh for sure.

345
00:19:35.279 --> 00:19:37.960
Yeah, because we started that like five six years ago.

346
00:19:38.079 --> 00:19:41.920
So therefore, you know, things change, people change people.

347
00:19:42.039 --> 00:19:42.279
You know.

348
00:19:42.359 --> 00:19:44.680
There now he thinks it's ridiculous. You can't even take

349
00:19:44.720 --> 00:19:47.039
it to Costo to get water, so why would he

350
00:19:47.079 --> 00:19:51.039
get it? That's what the process was, so I don't know,

351
00:19:51.079 --> 00:19:52.400
it just didn't matter to him.

352
00:19:52.839 --> 00:19:57.240
So there's any miss about I Mean, what I'm thinking

353
00:19:57.279 --> 00:20:03.680
of is is like Pete, people allowing themselves to start

354
00:20:03.720 --> 00:20:04.720
living their dreams.

355
00:20:05.799 --> 00:20:08.039
I mean, how do you know, how do you do

356
00:20:08.160 --> 00:20:09.200
you see that?

357
00:20:09.319 --> 00:20:12.880
Can you tell when somebody's like, no, I can't, I can't,

358
00:20:12.880 --> 00:20:15.119
I can't, they're telling themselves they can't.

359
00:20:15.039 --> 00:20:17.160
And you're trying to turn themselves around.

360
00:20:17.759 --> 00:20:20.680
Yeah. I have seen that happen a lot. That's that

361
00:20:20.920 --> 00:20:24.279
very strict budgeting or in their minds. It's the funny

362
00:20:24.279 --> 00:20:27.839
thing is half the time those people are not actually

363
00:20:27.880 --> 00:20:31.799
saving very much, but in their minds, they're telling themselves

364
00:20:31.839 --> 00:20:38.400
they can't do something because that's quote unquote bad bad behavior. Right,

365
00:20:38.839 --> 00:20:43.559
you can't do something because that's bad financial behavior. And

366
00:20:43.599 --> 00:20:47.119
I think the biggest thing that has to happen is

367
00:20:47.160 --> 00:20:50.000
they have to choose a bucket list item that is

368
00:20:50.279 --> 00:20:54.039
very close, so something within like a six month one

369
00:20:54.119 --> 00:20:56.960
year period that we can get to and then they

370
00:20:56.960 --> 00:20:59.319
can experience that because then I start saying, when are

371
00:20:59.319 --> 00:21:00.599
we going to do this? So you're still going to

372
00:21:00.640 --> 00:21:02.680
do it and they probably haven't changed their mind, like

373
00:21:02.720 --> 00:21:06.000
my husband the corvette, you know, in a six month period,

374
00:21:06.039 --> 00:21:07.759
So then you know, I can get them to kind

375
00:21:07.799 --> 00:21:11.640
of see what this looks like and they get they

376
00:21:11.680 --> 00:21:15.000
almost have a relief on their face when they can say, oh,

377
00:21:15.039 --> 00:21:17.359
you mean I can take that trip to Disneyland with

378
00:21:17.400 --> 00:21:21.519
my kids without going in financial debt, which I was

379
00:21:21.559 --> 00:21:23.960
reading article, it's like forty percent of people go into

380
00:21:24.079 --> 00:21:29.599
financial debt going to Disneyland, and Disney just crazy. It's

381
00:21:29.599 --> 00:21:30.559
so expensive there.

382
00:21:30.960 --> 00:21:34.039
So it's crazy when you think about, you know, you

383
00:21:34.160 --> 00:21:39.160
kind of have this power to say yes you can

384
00:21:39.480 --> 00:21:42.480
or no, exactly.

385
00:21:42.480 --> 00:21:45.319
It's fun. It's nice to nag people for good things

386
00:21:45.319 --> 00:21:48.519
that they can do for them rather than saving.

387
00:21:50.440 --> 00:21:54.599
So yeah, well, so let's talk about one thing that

388
00:21:54.759 --> 00:21:57.839
I have taught people for years is about having a

389
00:21:57.839 --> 00:22:02.119
purpose for money and which really should be their purpose

390
00:22:02.160 --> 00:22:06.440
for life. Yes, right, So why do you have people

391
00:22:06.480 --> 00:22:10.400
get clear on their why before you ever talk about dollars?

392
00:22:10.680 --> 00:22:15.400
Yeah, so we go through a very in depth intro call,

393
00:22:15.559 --> 00:22:17.480
so it's not you know, they've become a client at

394
00:22:17.519 --> 00:22:19.160
this point, and so we go through a very in

395
00:22:19.240 --> 00:22:23.480
depth discussion about money memories. I'm sure you've done this too,

396
00:22:23.559 --> 00:22:25.559
you know, where you ask, you know, what's your earliest

397
00:22:25.599 --> 00:22:29.039
money memory? That tends to break the seal very quickly.

398
00:22:29.119 --> 00:22:32.440
I kind of surprised how fast that one question can

399
00:22:32.519 --> 00:22:35.400
kind of get people open, because I do give them

400
00:22:35.400 --> 00:22:37.359
a warning and say I'm going to ask about this.

401
00:22:37.440 --> 00:22:40.559
I don't put them on the spot, but you know,

402
00:22:40.640 --> 00:22:42.359
we go into that. Like I said, I take them

403
00:22:42.359 --> 00:22:47.079
through values exercise so that they understand their values on things.

404
00:22:47.160 --> 00:22:50.039
And then I do have them for those who will

405
00:22:50.079 --> 00:22:53.599
listen to me, you know, write goals down, like and

406
00:22:53.720 --> 00:22:56.039
usually I try to get them to write one or

407
00:22:56.079 --> 00:22:58.880
two goals down just to just so we can start.

408
00:22:58.880 --> 00:23:01.559
And most of the time it's retirement at such and

409
00:23:01.640 --> 00:23:04.599
such an age. And then the other is, you know,

410
00:23:04.759 --> 00:23:07.920
something something smaller like a bucket list item that we

411
00:23:07.960 --> 00:23:14.119
can utilize. But I think writing it down and actually

412
00:23:14.119 --> 00:23:18.200
discussing with somebody really kind of gets their their values

413
00:23:18.200 --> 00:23:21.279
in place. I think the problem is we have too much.

414
00:23:21.960 --> 00:23:25.839
It's too wide. Right when we think about retirement, it's

415
00:23:25.880 --> 00:23:30.440
too it's you know, the question that always happens, why

416
00:23:30.799 --> 00:23:32.279
you know, what am I going to do with my

417
00:23:32.480 --> 00:23:35.640
time when I retire? That's you know, that's the biggest

418
00:23:35.680 --> 00:23:37.640
thing that people Actually the biggest question is am I

419
00:23:37.640 --> 00:23:40.640
getting outlive my money? But that's the other question is

420
00:23:40.640 --> 00:23:42.240
what am I going to do with all this time?

421
00:23:43.039 --> 00:23:46.680
And you know, I've never found anybody that can't fill

422
00:23:46.720 --> 00:23:49.880
it with something. There might be very expensive, some things

423
00:23:49.920 --> 00:23:52.480
that would be not so great for the outliving part.

424
00:23:52.640 --> 00:23:56.519
But people do fill their time up with things. But

425
00:23:56.599 --> 00:24:01.599
I do think that that's that value values. Finding their values,

426
00:24:01.920 --> 00:24:05.359
going through that and going through those money memory questions

427
00:24:06.039 --> 00:24:10.119
really get them focused on what their why is, what

428
00:24:10.519 --> 00:24:12.680
their meaning is with things. And then we review it

429
00:24:12.680 --> 00:24:15.319
once a year and sometimes it changes.

430
00:24:15.680 --> 00:24:17.119
Right right. I.

431
00:24:17.440 --> 00:24:21.319
You know, have you ever found somebody who has who

432
00:24:21.359 --> 00:24:24.839
says to you, I've never thought about that before, you know,

433
00:24:25.359 --> 00:24:28.240
do you think people I mean, I know that there

434
00:24:28.279 --> 00:24:31.920
are people that have never really gone there and done that.

435
00:24:32.799 --> 00:24:37.000
Yeah, exactly. I think it's nature not to want to

436
00:24:37.039 --> 00:24:40.960
think about this because again, especially for as women, we

437
00:24:41.000 --> 00:24:43.680
always think we're doing something wrong. You know, we're spending

438
00:24:43.720 --> 00:24:45.839
too much, we're doing this, We're not putting in the

439
00:24:45.880 --> 00:24:49.200
right place. I'm not taking a risk on my investment.

440
00:24:49.279 --> 00:24:52.680
Whatever that thing is is always kind of you know,

441
00:24:52.720 --> 00:24:55.079
we're women. We always have that little noise in the

442
00:24:55.079 --> 00:24:57.759
back of our heads telling us we're doing everything wrong.

443
00:25:00.160 --> 00:25:01.720
You have to learn how to shut that off. I

444
00:25:01.720 --> 00:25:03.839
think as you get older, you know, we make that joke.

445
00:25:03.880 --> 00:25:05.920
As you get older, you stend to care less. I

446
00:25:05.960 --> 00:25:08.319
think we start to tell that little boys to be

447
00:25:08.440 --> 00:25:11.559
quiet after a while and I Don'm not listening to

448
00:25:11.559 --> 00:25:16.160
you anymore. But yeah, I do think that that that

449
00:25:16.359 --> 00:25:21.000
those are conversations and those are thoughts that people have

450
00:25:21.319 --> 00:25:24.440
just decided that they don't want to have anymore because

451
00:25:24.799 --> 00:25:28.799
they just it scares them. I think, more than anything, do.

452
00:25:29.240 --> 00:25:32.559
You think sometimes instead of well I've never thought about it,

453
00:25:32.599 --> 00:25:37.039
And sometimes it's just fuzzy? I mean, and I found

454
00:25:37.279 --> 00:25:41.359
I remember times when people I don't know, I don't know,

455
00:25:41.720 --> 00:25:44.799
you know, it's just like what happens to a financial

456
00:25:44.920 --> 00:25:48.319
plan and all that why behind it is fuzzy?

457
00:25:49.039 --> 00:25:52.559
Oh yeah, and it or its other people's That's the

458
00:25:52.640 --> 00:25:54.920
thing that I've noticed is they've kind of borrowed other

459
00:25:55.039 --> 00:25:57.400
people's ideas or what the movies have. Don't know what

460
00:25:57.640 --> 00:26:00.960
they're supposed to do. So I'll say, oh, I want

461
00:26:01.000 --> 00:26:03.759
to travel, and then I start to say, well, where

462
00:26:03.880 --> 00:26:06.200
do we want to go? Which? Where's the first ticket

463
00:26:06.279 --> 00:26:07.759
we're buying? Uh?

464
00:26:08.759 --> 00:26:09.480
Maybe Europe?

465
00:26:09.960 --> 00:26:11.119
Okay, where in Europe?

466
00:26:11.599 --> 00:26:12.519
Yeah, it's a big place.

467
00:26:12.880 --> 00:26:16.000
Yeah, And it's like they can't really get it down

468
00:26:16.160 --> 00:26:21.640
to to a very pinpointed idea. Actually, probably the most

469
00:26:21.920 --> 00:26:24.920
the most pinpointed I've actually had before. And this isn't

470
00:26:24.920 --> 00:26:26.519
even a client. This was I was on a guest

471
00:26:26.559 --> 00:26:29.559
on another podcast and she, you know, she traveled all

472
00:26:29.640 --> 00:26:32.359
over the place, she'd go to conferences and everything for work.

473
00:26:32.400 --> 00:26:34.960
And she said, when I retire, I want to sit

474
00:26:35.039 --> 00:26:39.680
on my porch, have my beer and grill steak. I

475
00:26:39.799 --> 00:26:43.759
was like, well that is very specific. I said, do

476
00:26:43.759 --> 00:26:45.599
you know what kind of steak? Rarebi. It was just

477
00:26:45.720 --> 00:26:48.759
it was funny she knew exactly what she want. So

478
00:26:49.319 --> 00:26:51.400
it's probably the most pinpointed I've seen. You don't have

479
00:26:51.519 --> 00:26:54.799
to be that pinpointed, but I do think that people

480
00:26:55.680 --> 00:26:58.960
have this idea. It's funny how many people tell me

481
00:26:59.039 --> 00:27:03.200
they want to do inner national travel, but so many

482
00:27:03.240 --> 00:27:05.880
people don't do it because they go on one trip.

483
00:27:06.279 --> 00:27:12.640
It is such a pain to travel internationally that I mean,

484
00:27:12.680 --> 00:27:15.720
it's just a pain to travel around anyhow, but it's

485
00:27:15.839 --> 00:27:18.039
such a pain they don't want to do it. So

486
00:27:18.519 --> 00:27:20.559
these people I thought were going to be taking two

487
00:27:20.720 --> 00:27:24.960
three huge trips a year, taking maybe one every three years.

488
00:27:26.039 --> 00:27:28.599
They're doing other things. And I, you know, I don't

489
00:27:28.640 --> 00:27:31.440
expect people to know everything before they retire, but I

490
00:27:31.519 --> 00:27:34.880
do think if you've never really taken an international trip,

491
00:27:35.039 --> 00:27:37.960
maybe don't wait to retirement to do. Maybe let's do

492
00:27:38.119 --> 00:27:40.880
that beforehand so you can figure that out. But yeah,

493
00:27:40.880 --> 00:27:42.880
I do think that there's these kind of set fu,

494
00:27:43.119 --> 00:27:47.279
like you said, fuzzy fuzzy ideas that they think retirement

495
00:27:47.400 --> 00:27:50.559
is supposed to be. It's the same thing with you know,

496
00:27:51.240 --> 00:27:54.519
estate planning and stuff. They think they have to leave

497
00:27:54.640 --> 00:27:56.880
their money this way or do it this way, or

498
00:27:57.359 --> 00:28:01.240
there's no this your money, you use how you want

499
00:28:01.440 --> 00:28:04.200
it to be handled. You don't have to do anything.

500
00:28:04.799 --> 00:28:08.160
So well, let's let's talk a little bit. Now, let's

501
00:28:08.200 --> 00:28:13.559
turn to like getting started, you know, keeping yourself on track.

502
00:28:14.119 --> 00:28:14.880
If somebody is.

503
00:28:14.920 --> 00:28:19.200
Feeling a little overwhelmed listening to this, what what would

504
00:28:19.279 --> 00:28:22.960
you say would be a first step to get started? Well?

505
00:28:23.119 --> 00:28:25.400
Are we talking about just kind of getting their financial

506
00:28:25.839 --> 00:28:28.240
starting to get their financial footing kind of thing.

507
00:28:28.720 --> 00:28:30.079
Get figured out?

508
00:28:30.440 --> 00:28:34.480
Okay, So I always say baby steps. I think I

509
00:28:34.519 --> 00:28:38.720
always talk about James Clare's book Atomiccamics, because I think

510
00:28:38.720 --> 00:28:41.519
he does a really good job of explaining how small

511
00:28:42.039 --> 00:28:45.839
things can build up on themselves. And I think because

512
00:28:45.880 --> 00:28:48.160
we think finance is such a big thing that it's

513
00:28:48.200 --> 00:28:51.920
got to be these huge leaps and bounds, doesn't So

514
00:28:52.240 --> 00:28:55.440
I always say, you know, to somebody who's overwhelmed on

515
00:28:55.559 --> 00:28:59.799
something and really has no idea where they are financially,

516
00:29:00.319 --> 00:29:03.000
when's the last time you looked at your credit card statement?

517
00:29:04.759 --> 00:29:07.920
And they have typically never looked at it. They just

518
00:29:08.079 --> 00:29:11.720
pay it and it's done. And I said, so, I

519
00:29:11.759 --> 00:29:14.680
think that's where you start, is looking at your credit

520
00:29:14.720 --> 00:29:17.920
card statement and scheduling that once a week, maybe with

521
00:29:18.079 --> 00:29:22.240
coffee or wine or whatever brunge of choice. Make sure

522
00:29:22.279 --> 00:29:24.640
you're calm, do it in the middle of your day

523
00:29:24.680 --> 00:29:27.160
where you're screaming at kids and stuff like, do in

524
00:29:27.279 --> 00:29:31.279
your calm look at your credit card statement and start. Actually,

525
00:29:33.359 --> 00:29:36.839
you know, Tony Robbins talks about patterns, watching patterns, that's

526
00:29:36.880 --> 00:29:39.920
the way you succeed in life. I think that you

527
00:29:40.079 --> 00:29:44.000
need to start watching your spending patterns. It doesn't mean

528
00:29:44.279 --> 00:29:49.200
that you yell at yourself for buying XYZ or doing this,

529
00:29:49.880 --> 00:29:52.680
but as you start to see the patterns, you can

530
00:29:52.880 --> 00:29:58.960
change them. Versus having zero idea, being totally unconscious when

531
00:29:59.039 --> 00:30:01.519
it comes to your spending and just paying it off.

532
00:30:01.680 --> 00:30:05.640
And then we have this idea of you pay you

533
00:30:06.920 --> 00:30:08.640
spend the money you need to spend to live, and

534
00:30:08.720 --> 00:30:11.720
then you save. Really it should be the opposite, right,

535
00:30:11.799 --> 00:30:14.279
you save, and then you should spend what you have

536
00:30:14.519 --> 00:30:19.319
left over. And you can't do that effectively or without

537
00:30:19.599 --> 00:30:22.839
tons of pain unless you start actually looking at what

538
00:30:22.880 --> 00:30:26.759
you're spending your money on. And people can find I've

539
00:30:26.799 --> 00:30:31.680
had people find hundreds and hundreds of dollars of subscriptions

540
00:30:31.799 --> 00:30:33.599
they didn't know that they were still paying.

541
00:30:34.559 --> 00:30:38.920
You know that I was canceling some subscriptions today.

542
00:30:39.039 --> 00:30:44.000
Oh exactly. So. I mean you, I think not only

543
00:30:44.279 --> 00:30:46.359
is it good to be conscious of what you're spending

544
00:30:46.359 --> 00:30:49.400
your money on, I think it gives you a sense

545
00:30:49.559 --> 00:30:53.759
of confidence control. You feel like you can control your

546
00:30:53.839 --> 00:30:57.039
money this way. I really think that that's the first

547
00:30:57.079 --> 00:30:59.200
step if you feel overwhelmed. Now, I know that's a

548
00:30:59.279 --> 00:31:02.039
scary step for a lot of people, but I hate

549
00:31:02.079 --> 00:31:05.640
to say it. If you can't do that, we got

550
00:31:05.720 --> 00:31:08.200
some other issues with other things going on. You've got

551
00:31:08.359 --> 00:31:10.319
to look at what you're spending your money on and

552
00:31:10.640 --> 00:31:14.920
just start noticing the patterns that you're having, and you

553
00:31:15.160 --> 00:31:18.440
end up kind of self regulating things like you don't

554
00:31:18.480 --> 00:31:21.960
go into Starbucks as much. You know, you go in

555
00:31:22.119 --> 00:31:24.920
and you realize that you don't even like it anymore,

556
00:31:25.079 --> 00:31:27.359
so you stop kind of going and now you're using

557
00:31:27.440 --> 00:31:29.920
your nest cafe that you spend you know, I don't

558
00:31:29.960 --> 00:31:32.119
even know how much those things are on and you

559
00:31:32.160 --> 00:31:34.799
don't use you dust it off and you use that instead.

560
00:31:35.319 --> 00:31:38.599
So you know, there's a lot of things that people

561
00:31:38.759 --> 00:31:41.119
do and they save lots of money doing that. And

562
00:31:41.480 --> 00:31:45.480
how nice is it to reclaim twenty dollars back a

563
00:31:45.599 --> 00:31:47.680
month on something that you didn't even know you were

564
00:31:47.720 --> 00:31:48.279
spending it on?

565
00:31:48.920 --> 00:31:51.920
Right? Yeah. I one thing that I have been really

566
00:31:52.000 --> 00:31:53.559
big on for a long time is.

567
00:31:53.599 --> 00:31:55.920
Being one hundred percent responsible for yourself.

568
00:31:56.440 --> 00:31:59.599
Yeah, and so that kind of goes right along with this,

569
00:32:00.079 --> 00:32:03.279
and just you know, that's that's kind of something I'm

570
00:32:03.319 --> 00:32:07.440
reviewing right now. Is one of the things that I'm

571
00:32:07.599 --> 00:32:11.440
you know, I'm responsible for everything that's going on that

572
00:32:11.599 --> 00:32:17.920
credit card statement exactly. So So if how do you

573
00:32:18.039 --> 00:32:21.039
how are you going to help people set goals.

574
00:32:22.400 --> 00:32:24.119
That they'll actually accomplish.

575
00:32:24.240 --> 00:32:28.440
I mean, you're saying you've they've written them down, but

576
00:32:29.160 --> 00:32:31.759
I know in the past I would I would do

577
00:32:31.920 --> 00:32:32.839
like business.

578
00:32:32.599 --> 00:32:37.920
Plans anyuarry and then not look at it again. For

579
00:32:38.000 --> 00:32:38.440
the rest of it.

580
00:32:38.559 --> 00:32:38.759
Yeah.

581
00:32:39.640 --> 00:32:43.000
I borrowed from Brian Tracy's idea with his goals book,

582
00:32:43.200 --> 00:32:45.480
and you have to write him down every single day,

583
00:32:46.200 --> 00:32:50.240
you do, I mean it. That's the way. That's the

584
00:32:50.279 --> 00:32:54.319
way a I always tell people. It shows commitment, you know,

585
00:32:54.400 --> 00:32:56.279
if you're committed. If you're not going to commit to

586
00:32:56.359 --> 00:32:58.720
your own goals, like these are not things I put together.

587
00:32:58.799 --> 00:33:02.000
These are so you're not going to commit to yourself.

588
00:33:02.160 --> 00:33:04.559
That's that's we got other issues and people always laugh

589
00:33:04.599 --> 00:33:07.319
about that, but I always say, you have two of them,

590
00:33:07.799 --> 00:33:10.200
just write them down every day, you know. And I've

591
00:33:10.279 --> 00:33:12.240
had people who have a journal next to their bed

592
00:33:12.319 --> 00:33:15.440
and they write them down before before they even get

593
00:33:15.480 --> 00:33:18.279
out of bed in the morning. Some people don't do it,

594
00:33:18.960 --> 00:33:21.599
but that's what our quarterly check ins are to kind

595
00:33:21.599 --> 00:33:25.240
of remind them of what their goals are. And you know,

596
00:33:25.319 --> 00:33:28.000
I always say, it's okay if you change your goals.

597
00:33:28.359 --> 00:33:31.039
What's not okay is to change your goals because you're

598
00:33:31.039 --> 00:33:34.200
afraid you're not going to hit your goal. That's that's

599
00:33:34.440 --> 00:33:37.400
you know, So you've got to regulate that stuff. And

600
00:33:37.519 --> 00:33:39.400
I do think I hate to say, you know, people

601
00:33:39.559 --> 00:33:42.440
are probably coming to me are at a little bit

602
00:33:42.480 --> 00:33:45.279
of a different mindset, like they've taken that scary step

603
00:33:45.359 --> 00:33:48.680
of like calling an advisor and you know, becoming a

604
00:33:48.799 --> 00:33:54.000
client of somebody. Want the accountability that you that's really

605
00:33:54.160 --> 00:33:57.160
what they do. So I don't run into it a

606
00:33:57.279 --> 00:34:01.960
lot where people can't somewhat self motivate because they have

607
00:34:02.119 --> 00:34:05.880
already self motivated by contacting me and anything. But if

608
00:34:05.920 --> 00:34:08.079
you're trying to do this on your own, I really

609
00:34:08.159 --> 00:34:10.760
do think that writing it down every day really helps

610
00:34:11.000 --> 00:34:14.239
because the same thing with the business plans. I same thing.

611
00:34:14.480 --> 00:34:17.480
I don't love business plans, but I do have goals

612
00:34:17.519 --> 00:34:19.760
that I write down every days. That's the only thing

613
00:34:19.840 --> 00:34:20.159
that I do.

614
00:34:22.079 --> 00:34:27.159
Well. You talk about financial perfectionism, So what is that

615
00:34:27.480 --> 00:34:29.599
and how can that hold somebody back?

616
00:34:30.360 --> 00:34:33.519
Right? So financial perfectionism is kind of what we talked

617
00:34:33.519 --> 00:34:36.159
about when I said that women say that they're quote

618
00:34:36.239 --> 00:34:38.559
unquote dumb when it comes to this kind of stuff,

619
00:34:39.000 --> 00:34:42.320
and really they're not dumb. They just a didn't get

620
00:34:42.360 --> 00:34:44.679
the education or be don't realize that they know a

621
00:34:44.719 --> 00:34:48.440
lot more than they do. And what will happen is

622
00:34:48.719 --> 00:34:51.639
because they think that there are these huge chunks of

623
00:34:51.800 --> 00:34:57.079
missing in their education on personal finance or investing or

624
00:34:57.159 --> 00:35:02.039
whatever it is that they that they will not pursue

625
00:35:02.159 --> 00:35:06.639
something until they think they know everything about it. You know,

626
00:35:08.119 --> 00:35:12.239
you can kind of see this happen when people, even

627
00:35:12.320 --> 00:35:14.039
people who are in finance, but if they're in a

628
00:35:14.159 --> 00:35:17.880
very specific finance, like they're in real estate, or they're

629
00:35:18.039 --> 00:35:21.239
in banking, or they're they can tend to kind of

630
00:35:21.400 --> 00:35:25.079
lean into that area that they know really well because

631
00:35:25.119 --> 00:35:29.119
they feel like insufficient in the other areas that maybe

632
00:35:29.199 --> 00:35:31.840
don't touch them. They're like, so if you have something

633
00:35:31.880 --> 00:35:35.079
in real estate, they are heavy in real estate, They're like,

634
00:35:35.159 --> 00:35:39.519
but what about maybe opening a you know rah, And

635
00:35:39.639 --> 00:35:43.719
they just they it scares them to move over to that.

636
00:35:43.920 --> 00:35:46.239
So hopefully that helps some people that even if the

637
00:35:46.440 --> 00:35:49.840
people who are in finance often have these blocks that

638
00:35:49.920 --> 00:35:53.480
they don't want to necessarily uncover. And I think that's

639
00:35:53.559 --> 00:35:56.679
great about what our industry is is that we're kind

640
00:35:56.719 --> 00:35:59.519
of generalists in some respects, Like if I want some

641
00:35:59.719 --> 00:36:02.880
if somebody once get really heavy in real estate, I'm

642
00:36:02.960 --> 00:36:05.880
not the one that's doing that. I'm finding them that

643
00:36:06.119 --> 00:36:08.719
partner for them. You know, we're kind of that middleman

644
00:36:09.000 --> 00:36:13.559
pulling all their experts together almost like a general practitioner

645
00:36:13.719 --> 00:36:20.880
right for medicine, and it really kind of helps people

646
00:36:21.320 --> 00:36:25.440
start by just kind of working with somebody that can

647
00:36:25.559 --> 00:36:28.519
help guide them to the right experts in other areas

648
00:36:28.599 --> 00:36:30.840
and is always going to be there to ask the

649
00:36:30.960 --> 00:36:33.960
questions they don't know what to ask, because how many times,

650
00:36:34.000 --> 00:36:36.599
you know, I ask a question about a tax return

651
00:36:36.760 --> 00:36:40.360
or something and they say, oh, how do I ask that?

652
00:36:40.480 --> 00:36:43.079
I said, just connect me, give me permission to talk,

653
00:36:43.159 --> 00:36:45.280
and we'll talk about it, and we'll get on a call,

654
00:36:45.920 --> 00:36:48.519
and you know, even just rolling over for one case,

655
00:36:48.599 --> 00:36:51.360
they don't know what to ask. They're afraid of using

656
00:36:51.360 --> 00:36:53.920
the wrong language. So you get on the call with them.

657
00:36:54.519 --> 00:36:57.280
That's kind of what we do. So I think that

658
00:36:57.679 --> 00:37:02.280
that perfectionism really can hold people back, but once they

659
00:37:02.320 --> 00:37:05.639
can just say I don't understand it and take some

660
00:37:05.840 --> 00:37:09.320
ownership of wanting to understand it. I also feel like

661
00:37:09.880 --> 00:37:13.199
so many people start working with an advisor and then

662
00:37:13.239 --> 00:37:15.719
they just kind of hand everything over to them and

663
00:37:15.760 --> 00:37:20.519
they say, well, she's got me. That's so dangerous. It

664
00:37:20.719 --> 00:37:23.960
is so dangerous to do that. Not that I'm not trustworthy,

665
00:37:24.079 --> 00:37:27.840
but like you just you know, it's just dangerous to

666
00:37:27.960 --> 00:37:31.519
hand that over and not have any understanding of what's happening.

667
00:37:33.039 --> 00:37:35.239
Well, okay, so I want to move into a lot,

668
00:37:35.360 --> 00:37:38.320
you know, a lot more takeaways, But on four one ks,

669
00:37:39.599 --> 00:37:42.639
do you feel like, you know, if they just focus

670
00:37:42.760 --> 00:37:42.960
on the.

671
00:37:43.000 --> 00:37:44.679
Four one k, is that enough.

672
00:37:46.519 --> 00:37:49.079
For some people? I'm sure it's enough, But for other

673
00:37:49.199 --> 00:37:54.199
people you have to look at what you're trying to accomplish, right,

674
00:37:54.440 --> 00:37:57.079
So that's the problem is people just kind of put

675
00:37:57.119 --> 00:37:58.960
in their four to one k and maybe they start

676
00:37:59.039 --> 00:38:02.840
putting ten k way. You know, ten years ago, they

677
00:38:03.000 --> 00:38:07.559
never upped it. They never did anything different, although nowadays

678
00:38:07.599 --> 00:38:11.760
they have that automatic you know, goldment and automatic increasing,

679
00:38:11.960 --> 00:38:13.840
but that's not you know, if you were in a

680
00:38:13.880 --> 00:38:16.039
four to one k before, that's not pertaining to you

681
00:38:16.559 --> 00:38:19.440
because they're not going to do that to you. So,

682
00:38:19.719 --> 00:38:22.079
you know, they're just saving what they've been saving for

683
00:38:22.199 --> 00:38:25.039
ten years. They again haven't looked at their account for

684
00:38:25.280 --> 00:38:28.880
like five six years. They're just like hoping that one

685
00:38:29.000 --> 00:38:35.039
up and and that's not a plan. It's not It's

686
00:38:35.079 --> 00:38:38.119
like getting in the car and not having any idea

687
00:38:38.199 --> 00:38:40.840
where we're driving to. You're just kind of driving, which

688
00:38:40.880 --> 00:38:44.159
could be nice, but don't you get bored after a while.

689
00:38:44.199 --> 00:38:47.519
I mean, it's not that fun. So I think you

690
00:38:47.679 --> 00:38:49.599
do have to have an idea of what we're trying

691
00:38:49.599 --> 00:38:51.880
to get to. What your number is, And I can

692
00:38:51.960 --> 00:38:55.000
tell you it's probably not a million dollars on the mark.

693
00:38:55.239 --> 00:38:58.280
That's never been the case. I'm sure you've never seen

694
00:38:58.320 --> 00:39:03.239
anybody million dollars precisely is exactly what they need to retire.

695
00:39:03.440 --> 00:39:07.039
It's not. That's not your number, And so you've got

696
00:39:07.079 --> 00:39:09.519
to figure out, like what how much are we trying

697
00:39:09.599 --> 00:39:14.119
to save too? Are we retiring earlier? Like there's that

698
00:39:14.320 --> 00:39:17.599
whole fire movement that's going on, you know, financial independence

699
00:39:17.719 --> 00:39:21.119
retire early. Well, you if you're putting it all in

700
00:39:21.199 --> 00:39:22.760
the four oh one K, what are you going to

701
00:39:22.880 --> 00:39:25.719
access if you were fifty five? You know, now we've

702
00:39:25.760 --> 00:39:29.079
got five years or four and a half years that

703
00:39:29.360 --> 00:39:32.800
you've got to have some money for things of that nature.

704
00:39:32.960 --> 00:39:36.159
So no, I don't necessarily think just saving to the

705
00:39:36.239 --> 00:39:38.679
four oh one k is going to work for everybody.

706
00:39:39.000 --> 00:39:42.360
I would say probably the majority people do need some

707
00:39:42.679 --> 00:39:46.079
other kind of investing other places, and what that is

708
00:39:46.280 --> 00:39:48.400
just depends on what their situation is and what they're

709
00:39:48.400 --> 00:39:51.599
trying to accomplish, which, as you put at most people

710
00:39:51.639 --> 00:39:53.079
don't know what they're trying to accomplish.

711
00:39:53.199 --> 00:39:58.800
So yeah, well, if the listeners remember just one thing

712
00:39:59.000 --> 00:40:02.000
from today, what would you hope that that would be?

713
00:40:04.480 --> 00:40:07.360
The bucket list planning? I hope even if you're I'm

714
00:40:07.400 --> 00:40:11.119
not involved, I hope you find something, just one thing

715
00:40:11.199 --> 00:40:13.559
that you're going to focus on. It keeps you focused too,

716
00:40:13.639 --> 00:40:17.000
so that you're not spending money on like fifteen different things. Right,

717
00:40:17.559 --> 00:40:20.960
You focused on your one goal that you're really passionate about.

718
00:40:21.519 --> 00:40:25.519
You attach it to your bigger savings. That's it's not

719
00:40:26.400 --> 00:40:28.840
it's not rocket science that I'm doing. It's super easy.

720
00:40:28.960 --> 00:40:31.239
And somebody was to ask me, what's the formula, I'm like,

721
00:40:31.280 --> 00:40:35.480
there's no formula, like quarter, I'll put a quarter into

722
00:40:35.519 --> 00:40:39.400
that bucket like it's it's just it's just start that.

723
00:40:39.880 --> 00:40:42.760
And I think that that will get you moving in

724
00:40:42.840 --> 00:40:45.360
the right direction, because you're saving for yourself in the

725
00:40:45.440 --> 00:40:49.039
near future hopefully, and in the in the long future,

726
00:40:49.599 --> 00:40:52.719
and taking care of yourself in different walks of life.

727
00:40:52.760 --> 00:40:57.480
I think you put it perfectly, taking responsibility for yourself.

728
00:40:58.599 --> 00:41:01.760
There's nothing more empowering. I think it's just the way people.

729
00:41:02.039 --> 00:41:05.039
I think happy people tend to do that. Kind of

730
00:41:05.079 --> 00:41:06.559
stuff and we all just want to be happy in

731
00:41:06.599 --> 00:41:07.119
the long run.

732
00:41:07.599 --> 00:41:11.800
Yeah, that's what the dot that's what the Constitution, the

733
00:41:11.880 --> 00:41:16.039
Declaration of Independence says, doesn't it pursuit of happiness exactly.

734
00:41:16.079 --> 00:41:20.079
And we're two hundred and fifty years so yeah, so.

735
00:41:22.199 --> 00:41:26.559
Tell us about your your free download, your baby step

736
00:41:26.639 --> 00:41:28.280
your way to financial independence.

737
00:41:28.639 --> 00:41:31.159
Yeah. So it's it kind of goes through a bunch

738
00:41:31.199 --> 00:41:33.360
of different things that you can do, like looking at

739
00:41:33.400 --> 00:41:35.800
your credit cards, those little baby steps that you can

740
00:41:35.920 --> 00:41:40.719
take that can get you to, you know, to moving

741
00:41:40.800 --> 00:41:44.880
towards your financial freedom journey much faster. It's based off

742
00:41:44.880 --> 00:41:48.079
of that same whole idea of the atomic habits small

743
00:41:48.119 --> 00:41:50.400
steps equal to large leaps in the long run, and

744
00:41:50.440 --> 00:41:52.000
it gives you an idea of ten of them that

745
00:41:52.039 --> 00:41:52.639
you can follow.

746
00:41:53.760 --> 00:41:57.199
And there is as as always, there will be a

747
00:41:57.519 --> 00:42:02.199
fact sheet about Lisa on my website under the downloads

748
00:42:02.199 --> 00:42:04.320
area and so that will be there where you can

749
00:42:04.360 --> 00:42:06.920
find that. But Lisa tell them what The website is

750
00:42:07.119 --> 00:42:08.360
also great.

751
00:42:08.480 --> 00:42:11.679
So it's one Vision retire dot com. So we took

752
00:42:11.760 --> 00:42:14.239
off the mint so it's one Vision Retire all spelled

753
00:42:14.280 --> 00:42:19.239
out and you can find blog posts, connect to the

754
00:42:19.400 --> 00:42:23.280
YouTube channel that I upload videos to pretty regularly connect

755
00:42:23.360 --> 00:42:25.320
on LinkedIn all of our stuffs there, so you can

756
00:42:25.360 --> 00:42:26.159
find everything there.

757
00:42:26.719 --> 00:42:30.920
Awesome, Well, we have got to wrap this up today.

758
00:42:32.119 --> 00:42:36.480
I would just ask everyone who's listening, what's on your

759
00:42:36.519 --> 00:42:37.199
bucket list?

760
00:42:37.480 --> 00:42:38.000
What's you know?

761
00:42:38.320 --> 00:42:42.880
Ask some good questions for yourself, Ask yourself what is

762
00:42:42.960 --> 00:42:44.599
that you really want to accomplish?

763
00:42:45.400 --> 00:42:46.440
And hopefully you've.

764
00:42:46.239 --> 00:42:51.079
Gotten a lot out of today's look into some very

765
00:42:51.079 --> 00:42:55.719
important questions to ask with regards to how you want

766
00:42:55.800 --> 00:42:57.840
to live your life and how you want to retire.

767
00:42:58.239 --> 00:43:01.519
Is there anything that you'd like to wrap up with Lisa, No.

768
00:43:01.679 --> 00:43:04.159
I think that's a perfect ending. Actually I couldn't have

769
00:43:04.159 --> 00:43:05.039
said it better myself.

770
00:43:07.199 --> 00:43:10.360
Well, thank you so much for being with my guest

771
00:43:10.440 --> 00:43:13.719
today on the Ask Good Questions podcast, and thank you

772
00:43:13.840 --> 00:43:17.199
to everyone who's been listening in and we'll see you

773
00:43:17.360 --> 00:43:17.800
next time.

774
00:43:22.239 --> 00:43:25.840
Today's episode is over. But we did Ask Good Questions again,

775
00:43:25.960 --> 00:43:30.119
didn't You don't miss out as we broadcast live every Wednesday,

776
00:43:30.239 --> 00:43:34.199
six pm Eastern Time on W FOURCY Radio at w

777
00:43:34.440 --> 00:43:38.760
fourcy dot com. Joined Banina Bellenderson next week for more

778
00:43:38.880 --> 00:43:44.480
conversations with experts on finances, retirement, behavioral finance, issues, health

779
00:43:44.559 --> 00:43:50.320
and wellness and more. Until then, remember to ask good questions.