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
iHeartRadio podcast player iconSpotify podcast player iconAmazon Music podcast player iconPandora podcast player iconApple Podcasts podcast player iconPodchaser podcast player iconDeezer podcast player iconAudible podcast player iconYoutube Music podcast player iconSpreaker podcast player iconPodcast Addict podcast player iconYouTube podcast player iconCastbox podcast player iconPodverse podcast player iconRSS Feed podcast player iconPodurama podcast player iconPocketCasts podcast player iconOvercast podcast player iconGoodpods podcast player iconFountain podcast player iconPodyssey podcast player iconCastro podcast player iconCastamatic podcast player icon
iHeartRadio podcast player iconSpotify podcast player iconAmazon Music podcast player iconPandora podcast player iconApple Podcasts podcast player iconPodchaser podcast player iconDeezer podcast player iconAudible podcast player iconYoutube Music podcast player iconSpreaker podcast player iconPodcast Addict podcast player iconYouTube podcast player iconCastbox podcast player iconPodverse podcast player iconRSS Feed podcast player iconPodurama podcast player iconPocketCasts podcast player iconOvercast podcast player iconGoodpods podcast player iconFountain podcast player iconPodyssey podcast player iconCastro podcast player iconCastamatic podcast player icon
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.

Become a supporter of this podcast: https://www.spreaker.com/podcast/ask-good-questions--6441735/support.

WEBVTT

1
00:00:00.120 --> 00:00:02.359
The topics and opinions expressed in the following show are

2
00:00:02.359 --> 00:00:04.000
solely those of the hosts and their guests and not

3
00:00:04.040 --> 00:00:06.960
those of W FOURCY Radio. It's employees are affiliates. We

4
00:00:07.000 --> 00:00:10.199
make no recommendations or endorsements radio show, programs, services, or

5
00:00:10.199 --> 00:00:13.080
products mentioned on air or on our web. No liability

6
00:00:13.119 --> 00:00:15.839
explicitor implied shall be extended to W FOURCY Radio or

7
00:00:15.839 --> 00:00:18.640
it's employees are affiliates. Any questions or comments should be

8
00:00:18.640 --> 00:00:21.120
directed to those show hosts. Thank you for choosing W

9
00:00:21.199 --> 00:00:22.039
FOURCY Radio.

10
00:00:29.079 --> 00:00:33.880
Welcome to to Ask Good Questions Podcasts, broadcasting live every Wednesday,

11
00:00:33.880 --> 00:00:37.719
six pm Eastern Time on W four CY Radio at

12
00:00:37.920 --> 00:00:41.520
W fourcy dot com. This week and every week, we

13
00:00:41.600 --> 00:00:44.719
will reach for a higher purpose in money and light,

14
00:00:45.359 --> 00:00:48.719
as well as a focus on health and wellness. Now,

15
00:00:49.200 --> 00:00:53.920
let's join your host, Anita bell Anderson, as together we

16
00:00:54.000 --> 00:01:00.000
start with Asking Good Questions.

17
00:01:01.479 --> 00:01:05.680
Welcome to the Ask Good Questions podcast. I am Benita

18
00:01:05.719 --> 00:01:10.159
bell Anderson, your host, and today we have a fabulous

19
00:01:10.480 --> 00:01:16.480
topic with a fabulous financial advisor. She's an advisor on

20
00:01:16.480 --> 00:01:18.439
the other side of the country from where I am,

21
00:01:19.040 --> 00:01:23.480
and she is very much into something she called bucket

22
00:01:23.519 --> 00:01:27.000
list planning. We're going to invite her to the podcast

23
00:01:27.040 --> 00:01:27.840
stage now.

24
00:01:30.680 --> 00:01:32.200
Than you so much for having me.

25
00:01:33.000 --> 00:01:36.879
Yeah, let me tell people a little bit about you.

26
00:01:37.040 --> 00:01:41.120
She's tried careers in Hollywood. Were you trying to be

27
00:01:41.159 --> 00:01:42.760
an actress? Is that what you were doing?

28
00:01:42.959 --> 00:01:43.120
No?

29
00:01:43.280 --> 00:01:46.239
I was actually on the talent agent side, So no,

30
00:01:46.239 --> 00:01:47.040
no acting for me.

31
00:01:48.159 --> 00:01:51.359
Well, she tried to, you know, tried that in Hollywood,

32
00:01:52.079 --> 00:01:55.439
education and then insurance. She found her true calling in

33
00:01:55.560 --> 00:02:01.359
financial advice and planning, specifically for female professors and their families.

34
00:02:02.200 --> 00:02:05.120
So she virtually does a lot. You do most of

35
00:02:05.159 --> 00:02:07.359
your appointments virtually, yes.

36
00:02:07.400 --> 00:02:10.479
Yes, actually all of them. Yeah.

37
00:02:10.520 --> 00:02:13.680
Well, she focuses on something she calls bucket list planning,

38
00:02:13.719 --> 00:02:17.120
which we will get into, and she guides her clients

39
00:02:17.159 --> 00:02:21.039
to leverage their dollars to love the lifestyle they love. Now,

40
00:02:22.039 --> 00:02:23.680
with the heart of a servant in the mind of

41
00:02:23.719 --> 00:02:26.719
a teacher, she's always available to help you when you

42
00:02:26.800 --> 00:02:30.560
need her most, especially when you don't think you need her.

43
00:02:31.280 --> 00:02:35.159
So she has a unique ability to take complicated concepts

44
00:02:35.240 --> 00:02:39.080
and make them simpler and easy to understand. She was

45
00:02:39.280 --> 00:02:42.560
the past president of the Mission Viejo Chamber of Commerce.

46
00:02:42.599 --> 00:02:47.280
She is situated in California. She is also an avid

47
00:02:47.360 --> 00:02:50.280
theater goer, as I have love to go into the theater.

48
00:02:50.879 --> 00:02:52.319
She also enjoys trail.

49
00:02:52.120 --> 00:02:57.199
Running, cooking, reading, traveling food, kickboxing, spin classes, and she's

50
00:02:57.240 --> 00:02:59.759
also reteaching herself to how to play the piano, which

51
00:02:59.800 --> 00:03:00.759
is so thing I should do.

52
00:03:01.639 --> 00:03:02.400
I haven't done that.

53
00:03:02.639 --> 00:03:08.120
So Lisa, welcome, Thank you, Thank you again for having me.

54
00:03:08.800 --> 00:03:10.639
Yeah, so you tried.

55
00:03:10.719 --> 00:03:14.240
We talked about how you tried those different careers and

56
00:03:15.400 --> 00:03:18.800
what finally made you feel like this was your calling.

57
00:03:20.479 --> 00:03:24.039
I think probably I got into I grew up in

58
00:03:24.439 --> 00:03:27.560
La so I. You know, Hollywood was in my backyard,

59
00:03:27.599 --> 00:03:30.520
and I loved old movies and stuff, so that felt

60
00:03:30.599 --> 00:03:34.800
like a natural transition after college. And I did it

61
00:03:34.840 --> 00:03:37.000
for a couple of years. It was there was nothing

62
00:03:37.039 --> 00:03:39.159
wrong with it. I just didn't feel like I was

63
00:03:39.599 --> 00:03:44.520
fulfilling my purpose. And I was getting my my boss's

64
00:03:44.599 --> 00:03:47.840
car washed for the fourth time that week, and which

65
00:03:47.879 --> 00:03:49.319
is Funy likes a clean car.

66
00:03:49.520 --> 00:03:53.439
But that was what you envisioned yourself as doing.

67
00:03:53.439 --> 00:03:56.919
I know exactly. And we didn't really have We had

68
00:03:56.919 --> 00:03:59.400
cell phones, but we didn't have smartphones at that point.

69
00:03:59.759 --> 00:04:04.159
So I was sitting there actually thinking versus doing anything else,

70
00:04:04.280 --> 00:04:08.520
and I just started thinking about, you know, what was

71
00:04:08.560 --> 00:04:10.520
I what was I doing with my life, and what

72
00:04:10.560 --> 00:04:11.840
did I want at the end of the day. And

73
00:04:11.879 --> 00:04:14.240
I really I just wanted to help people and just

74
00:04:14.479 --> 00:04:16.879
know that I was helping as many people as possible.

75
00:04:17.480 --> 00:04:21.639
And while you can do that somewhat in Hollywood, you know,

76
00:04:21.680 --> 00:04:24.879
it's so corporate and everything, it's just not the same thing.

77
00:04:24.920 --> 00:04:28.360
And I wasn't a filmmaker, so it wasn't going to

78
00:04:28.360 --> 00:04:31.120
be that way of it. So I just moved into

79
00:04:31.160 --> 00:04:34.839
the complete opposite, which was teaching that I taught elementary

80
00:04:34.879 --> 00:04:39.240
school for many years, and from there, you know, again,

81
00:04:39.360 --> 00:04:41.879
I was just getting dissatisfied with the amount of impact

82
00:04:41.959 --> 00:04:45.319
I was having with the kids because you have one year, yeah,

83
00:04:45.439 --> 00:04:48.519
you know, and yes, you can help them in some respects,

84
00:04:48.519 --> 00:04:51.040
but you just don't have the lasting impact I wanted.

85
00:04:51.639 --> 00:04:54.240
So I was on Monster dot com. It shows how

86
00:04:54.279 --> 00:04:55.959
long ago that was. I don't even know if that's

87
00:04:56.000 --> 00:05:02.240
still around. I just they kept asking for teachers in

88
00:05:02.279 --> 00:05:06.000
this industry, especially in the insurance side of things, and

89
00:05:06.399 --> 00:05:10.279
I didn't quite understand why. I didn't have a financial background,

90
00:05:10.319 --> 00:05:12.680
but I applied and I got you know, I got

91
00:05:12.680 --> 00:05:17.000
called by almost every major insurance company out there. But

92
00:05:17.120 --> 00:05:20.120
I understood why because, like you know, like I like

93
00:05:20.279 --> 00:05:22.560
it was in the intro, I know how to explain

94
00:05:22.639 --> 00:05:25.360
things in a way that is easy for people. I

95
00:05:25.439 --> 00:05:29.800
didn't grow up having a financial background or anything like that.

96
00:05:29.920 --> 00:05:35.519
So I understand that financial language is very confusing and overwhelming,

97
00:05:35.560 --> 00:05:37.439
and so I don't use it. I still don't use it,

98
00:05:39.360 --> 00:05:42.199
and so yeah, I think that's kind of what has

99
00:05:42.480 --> 00:05:46.079
gotten me staying in this industry is don't do as

100
00:05:46.160 --> 00:05:50.120
much insurance anymore. Mainly do a lot of financial plans

101
00:05:50.199 --> 00:05:53.720
and you know that kind of stuff, but and and

102
00:05:53.839 --> 00:05:56.480
investing in those kind of things. But I do like

103
00:05:56.959 --> 00:06:00.839
the impact I have on clients' lives and that ongoing

104
00:06:00.920 --> 00:06:05.079
impact I can help them really get to financial freedom.

105
00:06:05.160 --> 00:06:09.160
That's pretty much what everybody wants is retirement, financial freedom,

106
00:06:09.199 --> 00:06:11.639
financial independence, whatever you want to call it. It's just

107
00:06:12.040 --> 00:06:13.279
you know, I want to do what I want to

108
00:06:13.319 --> 00:06:15.759
do when I want to do it without the worry

109
00:06:15.800 --> 00:06:16.240
of money.

110
00:06:16.920 --> 00:06:22.279
Yeah, you made me think about myself, like twenty five

111
00:06:22.319 --> 00:06:25.639
plus years ago when I was considering going into the industry,

112
00:06:25.639 --> 00:06:28.639
and it was the same thing. Basically, what I was

113
00:06:28.680 --> 00:06:29.360
told was.

114
00:06:30.959 --> 00:06:32.160
They really need.

115
00:06:32.000 --> 00:06:36.319
Women in this industry because sometimes the guys fell short

116
00:06:36.439 --> 00:06:41.040
and women have like a nurturing way of being And

117
00:06:41.079 --> 00:06:44.439
so yeah, I understand. I totally get what you're saying.

118
00:06:45.199 --> 00:06:50.120
So you work, especially with women and their families. So

119
00:06:50.519 --> 00:06:54.600
did you notice anything that they would say to you

120
00:06:54.680 --> 00:06:57.920
where they're missing something from traditional financial planning?

121
00:06:59.319 --> 00:07:02.920
Yeah, I think one of the things that probably I

122
00:07:03.040 --> 00:07:05.600
was more of a draw to women. As you know,

123
00:07:06.199 --> 00:07:09.040
there's not that many women in this industry. Really, I

124
00:07:09.040 --> 00:07:13.120
think we're still like twenty five percent women in the

125
00:07:13.160 --> 00:07:16.639
financial world. It's crazy to me, But so I think

126
00:07:16.639 --> 00:07:19.680
they're drawn to us just because we're women and we're

127
00:07:20.000 --> 00:07:23.399
nurturing women too, so that that helps because this is

128
00:07:23.439 --> 00:07:26.160
an area they don't feel comfortable with. I think that

129
00:07:26.279 --> 00:07:32.120
women in general feel like that they are quote unquote

130
00:07:32.279 --> 00:07:36.199
dumb in this area because we just don't get that education.

131
00:07:36.399 --> 00:07:39.600
We don't get it in school. But also women don't

132
00:07:39.600 --> 00:07:42.279
sit around and talk about, you know, how's your four

133
00:07:42.360 --> 00:07:45.040
oh and k doing? Like, we don't do that. That's

134
00:07:45.079 --> 00:07:48.879
not part of our culture. And men do tend to

135
00:07:48.920 --> 00:07:51.240
do stuff like that more so they do have a

136
00:07:51.240 --> 00:07:53.439
little bit of a link up on us on that.

137
00:07:53.720 --> 00:07:56.319
So you know, nobody. Mom didn't sit us down to

138
00:07:56.360 --> 00:08:00.199
talk about finances most of the time, you know. So

139
00:08:00.279 --> 00:08:04.360
I think a lot of times women feel very unsure

140
00:08:04.560 --> 00:08:07.000
of themselves. And I would say most of them have

141
00:08:07.120 --> 00:08:11.000
done fairly well of putting, you know, certain things in

142
00:08:11.079 --> 00:08:13.639
place and guardrails and all that stuff, but they don't

143
00:08:13.720 --> 00:08:17.399
feel confident in what they've done. They assume that there's

144
00:08:17.680 --> 00:08:20.920
got to be something huge that they're missing. And I

145
00:08:20.959 --> 00:08:23.439
think also some of that confidence comes in, you know,

146
00:08:23.560 --> 00:08:27.720
I do often get brought into families meaning you know,

147
00:08:27.879 --> 00:08:32.039
husband and wives majority, but you know, just situations where

148
00:08:32.440 --> 00:08:37.039
the woman of the relationship brings me in because they

149
00:08:37.399 --> 00:08:39.879
don't know how to talk to their spouse about money.

150
00:08:40.639 --> 00:08:43.320
Maybe he's been handling it, maybe she's been handling it,

151
00:08:43.399 --> 00:08:46.840
but they don't know how to have that language together.

152
00:08:47.080 --> 00:08:51.399
And I do feel like that's one of the unintended,

153
00:08:51.919 --> 00:08:53.879
you know, benefits of doing this is I get to

154
00:08:53.919 --> 00:08:57.080
help people learn how to talk about money with their

155
00:08:57.159 --> 00:09:00.480
with their significant others, which I think is really nice

156
00:09:00.519 --> 00:09:04.240
because I think it's freeing for one. So, yeah, that's

157
00:09:04.360 --> 00:09:06.279
kind of the biggest thing that I hear is women

158
00:09:06.399 --> 00:09:09.240
just feel very unconfident in their abilities to do it.

159
00:09:10.120 --> 00:09:10.759
Where do you.

160
00:09:10.639 --> 00:09:15.720
Where do you think your one vision retirement? What does

161
00:09:15.759 --> 00:09:17.960
that really mean to you? And how did that shape

162
00:09:18.000 --> 00:09:19.840
you know, how you went forward with us?

163
00:09:20.279 --> 00:09:23.960
Yeah, so you know, we kind of we we took

164
00:09:24.000 --> 00:09:29.399
it as inspiration from a queen song. But yeah, so,

165
00:09:29.639 --> 00:09:34.279
but you know, I would say that a lot of

166
00:09:34.320 --> 00:09:38.759
times people have this idea. I feel like people think

167
00:09:38.879 --> 00:09:43.159
of retirement as almost a social construct that we've put

168
00:09:43.200 --> 00:09:45.519
together in our minds, like this is how it's supposed

169
00:09:45.519 --> 00:09:48.639
to be in retirement. It's not truly what they want.

170
00:09:49.360 --> 00:09:53.000
It's not their vision. So my business partner, Chris and

171
00:09:53.039 --> 00:09:55.039
I decided that we were going to do one vision,

172
00:09:55.080 --> 00:09:58.320
which is the client's vision. It's not about what I

173
00:09:58.519 --> 00:10:02.320
want for a client or you know, there's basics as

174
00:10:02.320 --> 00:10:04.639
you know, you know, you want to have an emergency fund,

175
00:10:04.639 --> 00:10:07.480
and you are like, those are things that yes, I

176
00:10:07.519 --> 00:10:10.759
would say the majority of people should have. But when

177
00:10:10.759 --> 00:10:13.600
it comes to the mix of you know, what kind

178
00:10:13.679 --> 00:10:17.080
of investing and where risk and all, and when you

179
00:10:17.120 --> 00:10:19.559
want to retire and when you need to retire, you know,

180
00:10:19.639 --> 00:10:23.120
all that stuff, that's all personal and people don't think

181
00:10:23.159 --> 00:10:26.279
of it that way. They think of it as as

182
00:10:26.399 --> 00:10:29.399
kind of a general rules that everybody should follow, and

183
00:10:29.440 --> 00:10:32.799
that's not really true. So that was the catalyst, really

184
00:10:32.960 --> 00:10:35.279
is that's one vision, it's the client's vision.

185
00:10:36.559 --> 00:10:39.799
Well, I can kind of guess what bucketless planning means,

186
00:10:40.200 --> 00:10:45.240
but why don't you tell me what where did bucketless

187
00:10:45.240 --> 00:10:46.320
planning come from?

188
00:10:46.559 --> 00:10:49.720
Yeah, so I kind of you know, we always say

189
00:10:49.759 --> 00:10:52.879
in our industry, we always borrow really good ideas from

190
00:10:52.919 --> 00:10:56.360
other people, which is good, it's you know, it's a

191
00:10:56.399 --> 00:10:59.840
compliment to them. So I was listening to a podcast

192
00:11:00.639 --> 00:11:04.919
with you know, from Advisors for advisors kind of ideas

193
00:11:04.960 --> 00:11:07.240
to think about. One of the gentlemen on there was

194
00:11:07.279 --> 00:11:11.679
talking about how he's taken his client experiences like you know,

195
00:11:11.759 --> 00:11:14.600
those dinners, those appreciation dinners and stuff, and stepped it

196
00:11:14.679 --> 00:11:17.279
up by having them join him on their bucket list

197
00:11:17.440 --> 00:11:20.919
on his bucket list things. So you know, maybe it

198
00:11:20.960 --> 00:11:23.000
was bourbon tasting or it was you know, it's not

199
00:11:23.159 --> 00:11:25.440
like trips to Italy, but you know, it's you know,

200
00:11:25.519 --> 00:11:28.399
little things like that. And then he started to incorporate

201
00:11:28.480 --> 00:11:32.519
some of clients bucket list items in there for his

202
00:11:32.799 --> 00:11:36.799
yearly client experiences and they've really enjoyed that. And I thought,

203
00:11:36.840 --> 00:11:39.200
you know, that's really interesting. Bucket list planning let me

204
00:11:39.279 --> 00:11:42.440
kind of think about that more. And I realized, you know,

205
00:11:42.519 --> 00:11:45.320
throughout the year of like really ruminating and on thinking

206
00:11:45.399 --> 00:11:49.159
about it, that we have this list of things that

207
00:11:49.200 --> 00:11:52.080
we want to do and we say, well wait till

208
00:11:52.120 --> 00:11:59.679
retirement to do it. That is dangerous and exactly and

209
00:12:00.200 --> 00:12:02.360
to me, that's dangerous. It doesn't mean you're not going

210
00:12:02.440 --> 00:12:05.799
to have fun stuff to do, you know, financial freedom

211
00:12:05.879 --> 00:12:10.799
or retirement. It's really about you've got to figure out

212
00:12:10.879 --> 00:12:15.759
who you are and what your time away from work

213
00:12:15.840 --> 00:12:19.720
is really going to look. Like so many people are

214
00:12:19.879 --> 00:12:23.639
so embedded in their careers. You know, somebody you meet

215
00:12:23.720 --> 00:12:26.279
somebody to party and they say, tell me about yourself,

216
00:12:26.279 --> 00:12:29.559
and you say, I'm a financial advisor. That's not really

217
00:12:29.919 --> 00:12:32.080
who I am. I mean, that's what I do for

218
00:12:32.120 --> 00:12:34.200
a living. I enjoy it. You know, it's a little

219
00:12:34.200 --> 00:12:38.639
different when you're a business owner, but it's not who

220
00:12:38.679 --> 00:12:41.000
I am. And so you do have to figure out

221
00:12:41.039 --> 00:12:43.279
who you are outside of your career, and a lot

222
00:12:43.320 --> 00:12:45.600
of people can't do that. And so I find that

223
00:12:45.639 --> 00:12:49.000
the bucket list planning does that one task, which is

224
00:12:49.360 --> 00:12:53.000
help people figure out who they are in retirement. In

225
00:12:53.039 --> 00:12:56.840
financial freedom outside of work, because that is a mental

226
00:12:56.840 --> 00:12:59.919
game that can go very bad. If people don't know

227
00:13:00.120 --> 00:13:02.279
who they are outside of work, they can get depressed,

228
00:13:02.440 --> 00:13:05.279
they can it just can be really, really horrible. But

229
00:13:05.399 --> 00:13:09.200
the other thing that I thought was, how do we

230
00:13:09.320 --> 00:13:14.480
use bucket list planning to really motivate people to keep going?

231
00:13:14.559 --> 00:13:18.200
Because the biggest issue maybe we experience this too, was

232
00:13:18.440 --> 00:13:22.279
you know, retirement is twenty five years from now. How

233
00:13:22.279 --> 00:13:26.080
do I keep somebody motivated for twenty five years to

234
00:13:26.200 --> 00:13:29.720
continue moving forward on that? We've gotten a shorter and

235
00:13:29.759 --> 00:13:32.919
shorter attangent span with iPhones and all that stuff, you know,

236
00:13:33.080 --> 00:13:36.960
like you know, even YouTube, I was reading YouTube reels.

237
00:13:37.279 --> 00:13:40.200
The shorter, the real the better it's doing. Now it's

238
00:13:40.240 --> 00:13:44.879
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
00:13:48.360 --> 00:13:52.000
think of their life in thirty years. Well, our automatic

241
00:13:52.000 --> 00:13:53.840
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
00:13:56.759 --> 00:14:00.679
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
00:14:04.320 --> 00:14:07.320
and I'm having to tell them, well, to get to this,

246
00:14:07.519 --> 00:14:09.360
you're gonna have to save this, or you're gonna have

247
00:14:09.440 --> 00:14:10.919
to do this, or you're gonna have to give up this.

248
00:14:11.559 --> 00:14:14.159
I hate that. I mean, I'll tell people that they

249
00:14:14.200 --> 00:14:18.159
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
00:14:20.279 --> 00:14:24.360
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
00:14:44.440 --> 00:14:46.279
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
00:15:07.159 --> 00:15:11.279
this is that idea that you say love the life

265
00:15:11.440 --> 00:15:15.440
they love now, and maybe people will understand talk about

266
00:15:15.480 --> 00:15:17.279
that a little bit more because it kind of goes

267
00:15:17.320 --> 00:15:18.039
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
00:15:29.879 --> 00:15:32.799
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.