The Human Side of Money 118: A 3-Step Process For Crafting A Statement of Financial Purpose with Andy Baxley – Part I
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Jul 11, 2024 Join financial planner Andy Baxley, co-creator of the Statement of Financial Purpose course, as he dives into transforming the way advisors engage with clients. He discusses the three-step process for meaningful financial conversations that prioritize personal values over traditional goals. The conversation highlights building trust, finding financial purpose, and aligning decisions with core values. Through introspective questions and a structured framework, Baxley reveals how understanding what truly matters can lead to deeper connections and more fulfilling financial planning.
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Values-Based Planning
- Financial advisors should help clients use resources to live their best lives, not just accumulate wealth.
- Values guide clients toward their best life, informing how they use their time and money.
FIRE to Kinder
- Andy Baxley's prior focus on accumulating wealth through FIRE left him feeling unfulfilled.
- Reading George Kinder's work shifted his focus to values-based financial planning.
Starting Values Conversations
- Start values-based conversations with clients you think are receptive.
- Don't expect these conversations to go perfectly the first few times.