Why We Don’t Do Financial Planning – Episode 152

Summary:

Listen to your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the downside of financial planning and how to create a better financial future by following the 7 Principles of Prosperity.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.

Links in this Episode:

Get the free ebook and audiobook – Financial Planning has FAILED

Submit your questions welcome@ProsperityThinkers.com

Show Notes:

00:00 Introduction

00:30 Today’s topic: Why We Don’t Do Financial Planning

01:06 What do you do instead of financial planning?

02:25 A business plan should be no longer than 3-5 years, yet we’re still trying to plan our lives financially in 30-40 year increments.

03:25 Why Todd doesn’t do financial planning

05:45 Averages do not equal actual dollars. Don’t believe in the assumptions.

07:12 Principles are more effective than planning

07:51 Looking at the 7 Principles of Prosperity

08:27 When you get serious about handling your finances is when you want to start your savings program

10:22 The history of financial planning in this ebook www.partners4prosperity.com/ebook