It’s back-to-school season and with as much joy as that brings for parents (free babysitting, anyone? Just kidding. Okay, not really.), we are also bringing you back to school with your finances. Eric Brotman joins us to break down your financial journey using the schoolyard analogy of freshman, sophomore, junior and senior year. What do you need to think about and what can you tactically do at each step of your financial journey to ensure success? Each year builds upon the previous and he helps us break it down.
During our headline, we’ll talk about communication strategies between advisors and clients. FINRA may allow text messaging in the future; what does that mean for you? And how else can advisors effectively communicate with clients? We’ll give you all the details. We’ll also throw out the Haven Life line and talk about how to talk to family members about money concerns. And Doug will enlighten us with his soft drink trivia. Is it pop or soda? Hmm, maybe I don’t want to start that debate too! (but we all know the right answer is soda).
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- Texting takes center stage in client communications (Investment News)
- Effective Communication Strategies for Financial Advisors (Benjamin)
- How COVID-19 Has Changed Financial Advisor and Client Communications – 2021 Study (Yahoo Finance)
Big thanks to Eric Brotman for joining us today. To learn more about Eric, visit his website and grab a copy of his book, Don’t Retire…Graduate!. If you want to dive even further into the topics he discussed, he has two additional resources: his free tax e-book and two financial literacy courses. He is generously offering $20 off of his course for our listeners. Use code STACKED at checkout to get $20 off here.
- A very famous soft drink got its start in Paris, TX? Which one was it?
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- Stephanie wants to know how to get through to a family member that may be running out of money quickly and doesn’t realize the dire situation she’s in.
Want more than just the show notes? How about a guide with STACKS of related, deeper links?
- Check out The Stacker, our email that comes with every Monday and Wednesday episode, PLUS a list of more than 19 of the top money lessons Joe’s learned over his own life about money. From credit to cash reserves, and insurances to investing, we’ll tackle all of these. Head to StackingBenjamins.com/STACKER to sign up (it’s free and we will never give away your email to others).
Looking for more? If you enjoy tomorrow’s episode, check these out!
- Cameron Huddleston joined us to help with strategies to have effective conversations: Mom and Dad, We Have To Talk (with Cameron Huddleston)
- Erin Lowry helped us navigate those tough money discussions, specifically with family: Learning to Navigate Awkward Money Conversations (with Erin Lowry)
- Last year we took time to look at 10 things to consider before retirement (and how you might fill your time): 10 Things To Consider For Retirement
Written by: Brooke Miller
Miss our last show? Listen here: How a Bad Estate Plan Can Wreck You (even if you have nothing)