Balancing Financial Planning with Present Living

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Effective financial planning necessitates understanding the opportunity costs and trade-offs associated with spending choices. Individuals must balance investments in their future with enriching their present lives. Successful financial management isn't solely about accumulating wealth; it's also about ensuring that one remains present with family and cherished moments. Many high achievers reflect on their lives and realize that despite their financial success, they have missed valuable time with loved ones while pursuing wealth. A focus on being intentional about spending can help prioritize experiences over mere financial gains. Families, especially those in unique situations like military personnel living abroad, should be encouraged to explore new opportunities to create lasting memories with their children, knowing there will still be time to focus on savings and investments later. Ultimately, assessing the implications of financial decisions on personal life is crucial; prioritizing experiences over accumulating assets can lead to a more fulfilling life.

Clay Finck chats with Jim Crider about the benefits of having a financial planner, how millennials differ from other clients Jim has worked with, what it really means to achieve financial independence, how to deal with information overload, Jim’s thoughts on Bitcoin, and much, much more!

Jim Crider is the founder of Intentional Living FP which helps families achieve early financial independence. Intentional Living FP helps their clients navigate the decisions, opportunities, and obstacles that they face so their money is used efficiently and effectively to serve its purpose in your life.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

02:33 - What the benefits are of having a financial planner.

07:36 - When someone should consider getting a financial planner themselves.

09:32 - The differences Jim has seen working with Millennials compared to other clients.

12:41 - How millennials living a busy life can stay on top of their finances.

22:36 - What millennials can do to find the right balance between preparing for your future, while still enjoying the present.

28:35 - What financial independence really means.

37:49 - Whether you should focus on paying off your debt early, or invest the extra cash.

37:49 - How to sort through and deal with information overload in a world where information is free and everywhere.

50:42 - Whether millennials should consider Bitcoin as a part of their financial plan.

50:42 - Jim's thoughts on how much Bitcoin to allocate in a portfolio.

55:29 - Jim’s recommended resources for learning about Bitcoin.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Related Episode: Listen to MI115: Young Investor’s Getting Started w/ Kelly Lannan, or watch the video.
Related Episode: Listen to BTC001: Bitcoin Common Misconceptions w/ Robert Breedlove, or watch the video.
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