AIE 168: Keep Finance Personal: Get Your Time, Energy & Financials Right

Lauren and Cody kick off the interview by talking about what a CFP® is, and how someone becomes one. The curriculum covers a wide range of financial information. Cody describes financial planning as a bridge between your financial ecosystem and your family’s goals and values. Cody argues that financial planners get a bad rap because of some financial advisors trying to take over management of your investments and sell you insurance on top of it. Some people even call themselves financial planners who don’t do any financial planning. Lauren just has to ask about why he is so pro DIY investing – doesn’t that mean he wouldn’t have a job if everyone took the DIY approach? There’s actually a lot of demand for DIYers who need some planning help. To Lauren, Cody’s approach sounds like a nice middle ground. What matters for DIY investors is their time, temperament, and talent. Anyone interested in DIY investing must undertake the first step, which is data gathering. Temperament is important, too. When the stock market is down, do you skip dessert at a restaurant to save money? Lauren points out that you need to do the data gathering even if you end up hiring help. As you go through your data gathering, keep an eye out for evidence of what you value. Aligning your financial planning with your values is important. Cody then points out that balancing time, energy, and financial resources helps bring clarity to your life and financial plan. Lastly, Cody points out that our physical health, mental health, spiritual practices, relationships, and financials are interconnected. Your finances should be supporting your life.

If you liked this episode, you’ll also like episode 149: Personal Finance is Personal with Mark Roussin or episode 131 Budgeting for Dummies.

About Cody:

Cody Garrett, CFP®, is an advice-only financial planner and educator passionate about helping DIY investors on the path to financial independence and through early retirement. As the owner of the Measure Twice® brand, he specializes in comprehensive financial plan development and personalized education to help families implement their own well-informed decisions.

Connect with Cody:

https://twitter.com/MeasureTwiceMNY

Website & check list: https://www.measuretwicemoney.com/adulting

Connect with Lauren:

https://twitter.com/AdultingIsEasy

https://www.instagram.com/@adultingiseasyreal

https://www.housemoneymedia.com/