The Rational Reminder Podcast

A Financial Goals Master List (n=310) (EP.223)

Oct 20, 2022

01:06:27

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Highlights

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Episode notes

Is a Master List Really Useful?

04:00

The Permaview Challenge - What Are Your Goals?

01:41

The Importance of Objectives in Financial Planning

04:43

Introduction

2min

GameStop Shares - A Very Wacky Miniseries

2min

Financial Literacy Month in Canada

4min

Coinbase

2min

I Feel Underqualified to Report on the Results

2min

The Importance of Objectives in Financial Planning

5min

Is a Master List Really Useful?

4min

The Master List Didn't Exist, Did It?

6min

What Are Your Goals?

1min

10.

The Permaview Challenge - What Are Your Goals?

2min

11.

Do You Have a Master List for Goal Setting?

2min

12.

Will a Better List of Goals End Up With a More Inspired Individual?

2min

13.

The Most Commonly Reported Goals

2min

14.

Finding Engaging Work and Financial Independence

3min

15.

The Next Millionaire Next Door Enduring Strategies for Building Wealth by Thomas Jay Stanley and Sarah Stanley Fallah

4min

16.

What Are Some of Their Habits?

2min

17.

Millionaires Compared to the American Public

2min

18.

How Much Do Millionaires Really Spend on Financial Advice?

2min

19.

How Much Is Your Expected Net Worth?

2min

20.

Is Your Net Worth Equal to or Exceeds Your Expected Net Worth?

2min

21.

Podcasts - The Podcast Podcast Podcast

2min

22.

AI Generated Financial Advice Content Would Go Over Very Well

2min

23.

Is There a Difference Between a Mutual Fund and an Index Fund?

2min

24.

How I Learned to Become a Financial Analyst

2min

25.

How Cool Is That?

3min

26.

Is There a Relationship Between Crypto Podcasts and People?

2min

27.

The Creative Pressure

2min

We recently created and conducted a very interesting survey based on financial goals, and today, we get to share some of the data we collected and the answers that were given to the questions. Although there are some definite limitations to our expertise as surveyors and data collectors, the findings are most definitely illuminating, surprising, and useful. Listeners will get to hear a bit about the process of building the survey as well as some of the raw numbers and data before we get into the list of goals that were submitted, collated, and ranked. We also share some of the ways that these were split across demographics such as age and gender. Apart from this focus on the survey, we share some thoughts on Eat the Rich, Coin, and The Next Millionaire Next Door, and finish off the show with some very impactful letters from listeners that we have received recently.

Key Points From This Episode:

Thoughts on the new Netflix show, Eat the Rich, and the story of GameStop. (0:01:58)
What to expect on the podcast in November during Canadian Financial Literacy Month. (0:05:17)
Reflections on the new film, Coin, and the founding of Coinbase. (0:08:08)
Introducing the results from our recent survey on goals. (0:11:23)
The process of building the survey and the questions we included. (0:18:22)
A look over the basic data of the survey. (0:22:27)
Popular objectives from the survey and how these were split across different demographics. (0:23:17)
The answers that were given in relation to each specific question. (0:28:02)
Developing best practices for goal setting for an advisor environment. (0:30:17)
Limitations to our expertise in designing this survey and analyzing the data. (0:32:43)
Running through the complete list of goals in order. (0:34:29)
Introducing this week's book discussion on The Next Millionaire Next Door. (0:39:46)
Standout findings from the research that was conducted for the book. (0:44:00)
Utilization of an 'expected net worth test' in the book. (0:49:50)
A look at some of the listener messages we have received lately. (0:52:29)