White Coat Investor Podcast MtoM #121 - Couple Creates Their Own Financial Plan and Fires Their Financial Advisor
Jun 5, 2023
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Plan Triggered By Life Changes
- Adam and his wife created a written financial plan after several years of higher earnings and life changes.
- They moved, bought a house, and began planning seriously once salaries rose and family planning began.
Fees And Compound Interest Sparked Action
- Adam realized advisor and fund fees were eroding returns and wanted to understand expense ratios and advisor pay structures.
- Recognizing fee drag and compound interest prompted him to finally act and buy the course.
Vacation Was Focus Time
- Adam completed most of the Fire Your Financial Advisor course and built the plan during a focused week on vacation.
- He prefers long uninterrupted blocks of time and finished the plan by working early mornings with a tropical sunrise view.