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Building Wealth: A Financial Planner's Perspective
- 2025/03/20
- 再生時間： 39 分
- ポッドキャスト
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サマリー
あらすじ・解説
"What you save is a choice"
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Summary
In this conversation, Kyle J Christensen discusses his journey in financial planning, emphasizing a principles-based approach tailored for new doctors and business owners. He highlights the industry's focus on wealth management after assets are created, contrasting it with his philosophy of helping clients build wealth from the ground up. Key principles include paying oneself first and understanding the difference between savings and investments. The discussion also addresses the challenges new business owners face, including managing expenses and planning for unexpected events. In this conversation, Kyle J Christensen discusses the importance of preparing for unexpected life events and the necessity of having a solid financial foundation. He emphasizes the principle of maximum protection in financial planning, highlighting the need for comprehensive insurance coverage and the importance of understanding the details of policies. Kyle also addresses the challenges young professionals face in managing their finances and the agendas of financial institutions, urging listeners to take control of their financial futures.
Connect With Our Guest
Unique Advantage- https://uniqueadvantage.biz/
Takeaways
Chapters
00:00 Introduction to Financial Planning and Unique Advantage
03:05 Understanding the Role of a Financial Planner
05:59 Principles-Based Financial Planning for New Doctors
08:56 Fundamentals of Financial Planning
12:00 Paying Yourself First: Strategies for Success
14:59 Navigating Financial Challenges as a New Business Owner
17:56 Planning for the Unexpected in Financial Management
19:25 Navigating the Unexpected in Life and Business
25:32 Understanding Maximum Protection in Financial Planning
29:18 Building a Solid Financial Foundation
30:09 Final Insights for Young Professionals
Are you ready to start a practice of your own? Do you need a fresh set of eyes or some advice in your existing practice?
Reach out to me- www.practiceresults.com.
If you like what we are doing here on Hey Docs! and want to hear more of this awesome content, give us a 5-star Rating on your preferred listening platform and subscribe to our show so you never miss an episode.
New episodes drop every Thursday!
Episode Credits:
Hosted by Jill Allen
Produced by Jordann Killion
Audio Engineering by Garrett Lucero
Connect With Our Sponsors
GreyFinch - https://greyfinch.com/jillallen/
MyOrthoVA - https://www.myorthova.com/get-started
SmileSuite - http://getsmilesuite.com/
RSVP for the Provide AAO Happy Hour - https://docs.google.com/forms/d/e/1FAIpQLSc5SXhZalSUVDY421Af7TcmOBiiECec4OIOIjRjyQJAX1qW8Q/viewform
Summary
In this conversation, Kyle J Christensen discusses his journey in financial planning, emphasizing a principles-based approach tailored for new doctors and business owners. He highlights the industry's focus on wealth management after assets are created, contrasting it with his philosophy of helping clients build wealth from the ground up. Key principles include paying oneself first and understanding the difference between savings and investments. The discussion also addresses the challenges new business owners face, including managing expenses and planning for unexpected events. In this conversation, Kyle J Christensen discusses the importance of preparing for unexpected life events and the necessity of having a solid financial foundation. He emphasizes the principle of maximum protection in financial planning, highlighting the need for comprehensive insurance coverage and the importance of understanding the details of policies. Kyle also addresses the challenges young professionals face in managing their finances and the agendas of financial institutions, urging listeners to take control of their financial futures.
Connect With Our Guest
Unique Advantage- https://uniqueadvantage.biz/
Takeaways
- Principles-based financial planning focuses on building wealth.
- Many financial planners only work with wealthy clients.
- The financial industry often helps after wealth is created.
- Paying yourself first is crucial for financial success.
- Profits should not be an afterthought in business.
- Expenses can consume all profits if unchecked.
- What you save is a conscious choice.
- Savings and investments serve different purposes.
- Planning for unexpected events is essential for business owners. 100% of us will experience unexpected life events.
- Protection has nothing to do with needs.
- You have the right to know what your maximum is.
- Most people don't have maximum protection.
- The devil's in the details with disability insurance.
- What percentage of your income would you want replaced?
- You're in a battle for control and use of your money.
- Financial institutions want to separate you from your money.
- If you don't do the foundation right, you could lose it.
Chapters
00:00 Introduction to Financial Planning and Unique Advantage
03:05 Understanding the Role of a Financial Planner
05:59 Principles-Based Financial Planning for New Doctors
08:56 Fundamentals of Financial Planning
12:00 Paying Yourself First: Strategies for Success
14:59 Navigating Financial Challenges as a New Business Owner
17:56 Planning for the Unexpected in Financial Management
19:25 Navigating the Unexpected in Life and Business
25:32 Understanding Maximum Protection in Financial Planning
29:18 Building a Solid Financial Foundation
30:09 Final Insights for Young Professionals
Are you ready to start a practice of your own? Do you need a fresh set of eyes or some advice in your existing practice?
Reach out to me- www.practiceresults.com.
If you like what we are doing here on Hey Docs! and want to hear more of this awesome content, give us a 5-star Rating on your preferred listening platform and subscribe to our show so you never miss an episode.
New episodes drop every Thursday!
Episode Credits:
Hosted by Jill Allen
Produced by Jordann Killion
Audio Engineering by Garrett Lucero