loader from loading.io

111: What’s Most Important to You?

Wealth by Design

Release Date: 06/30/2020

MINISODE: Hurricane Hiatus - An Update on the Wealth by Design Podcast show art MINISODE: Hurricane Hiatus - An Update on the Wealth by Design Podcast

Wealth by Design

Hello, loyal listeners! We wanted to let you know that we have a quick update on the podcast and a few things that are happening over at Toujours Planning right now. As you may know, we are a Lake Charles-based business and family, and our community, homes, and offices were devastated by Hurricane Laura in August.

info_outline MINISODE: Do You Need a Financial Advisor or a Certified Financial Planner™? show art MINISODE: Do You Need a Financial Advisor or a Certified Financial Planner™?

Wealth by Design

Do you need a financial planner? A financial advisor? An investment professional? A money coach? And what are those initials after their names?!

info_outline MINISODE: Are You Falling into This Stock Market Trap? show art MINISODE: Are You Falling into This Stock Market Trap?

Wealth by Design

In this minisode, Dustin breaks down the Sir Templeton’s quote: “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.”. He also discusses timing the stock market, why it’s a bad idea, and what you should do instead.

info_outline MINISODE: Should You Have a Joint Account with Your Partner? show art MINISODE: Should You Have a Joint Account with Your Partner?

Wealth by Design

We’ll keep the intrigue to a minimum. In our opinion, the answer to this question is a resounding yes. Sharing your finances with your partner builds trust. Keeping them separate can breed suspicion and worry.

info_outline MINISODE: When Stock Markets Dip and Bounce Back show art MINISODE: When Stock Markets Dip and Bounce Back

Wealth by Design

In this minisode, Dustin recaps what a stock actually is and how stocks are bought and sold. He discusses how people’s emotions cause those peaks and valleys in the stock market, and how you can avoid that dangerous herd mentality when it comes to your own investing.

info_outline 112: Growing a Business & Wealth with Katell and Jon of Reverielane show art 112: Growing a Business & Wealth with Katell and Jon of Reverielane

Wealth by Design

Katell and Jon, a husband and wife design team, are founders of Reverielane, a purpose-driven brand and web design firm.

info_outline [Summer Remix] 102: Net Worth is King show art [Summer Remix] 102: Net Worth is King

Wealth by Design

We talk about fear a lot on our podcast. Fear is natural and, TBH, necessary. But fear can also make you focus on the wrong thing when it comes to your net worth. Paying down debt rather than building up your assets, to be specific. And that’s what we discuss in this week’s episode: where our fear of the “debt boogeyman” comes from, our three-step strategy on how to overcome it, and what part of your finances you should be focusing on instead.

info_outline [Summer Remix] 101: Robo-advisors: Your New Best Friend or Your Worst Enemy? show art [Summer Remix] 101: Robo-advisors: Your New Best Friend or Your Worst Enemy?

Wealth by Design

The robots have taken over. Just kidding. But, they have taken over a major chunk of the financial industry in the form of robo-advisors. But the truth is, we think robo-advisors are actually pretty useful. Of course, there’s a time and a place to use them, which is exactly what we cover in this episode of Wealth by Design.

info_outline [Summer Remix] 100: High Yield Savings vs. Stocks: Who Wins? show art [Summer Remix] 100: High Yield Savings vs. Stocks: Who Wins?

Wealth by Design

There are a lot of misconceptions about investing in the stock market, thanks to fear-mongering in the news, horror stories from family and friends, and a lack of education about the stock market in general. Your fears may also be why high yield savings seems like the better option for your money. In this episode, we talked about the differences between high yield savings and stocks. We know you’re probably a big fan of saving because it’s “safe,” right? Well, we’re about to rock your world.

info_outline [Summer Remix] 98: Leaving Behind the “Punch Clock” Mindset show art [Summer Remix] 98: Leaving Behind the “Punch Clock” Mindset

Wealth by Design

The concept of a punch clock — punching in to start a shift and punching out when it ends — is ingrained in many of us, even as business owners who write our own checks and make our own schedules. But it doesn’t have to stay that way! On this episode of Wealth By Design, we talk about how you can start changing your mindset and your life right now.

info_outline
 
More Episodes

How has your life changed in 2020? We’re not talking about how you’re learning how to bake bread, choosing Zoom backgrounds for your virtual meetings, or watching way too much Netflix. 

We’re talking about how the intangible stuff has changed. Your values. Your priorities. Your life goals. Maybe you’re realizing that you want to make more time to spend with family. You might find that you want to pursue hobbies that make you happy. Or maybe you’ve realized you need to make lifestyle changes now in order to make your dreams come to life in the future.

If the pandemic hasn’t pushed you to at least think about what’s important to you… well, we’re calling you to think about it now. In this episode of Wealth by Design, we’re also helping you figure out what’s important to you so you can start living your most ideal life.

WHAT YOU’LL LEARN

  • [01:01] How our lives (and priorities) have shifted lately
  • [07:09] The importance of having a vision for your life
  • [10:01] Ask yourself this question to start figuring out your vision
  • [11:30] How will you live your life?
  • [12:40] Confronting your mortality is scary, but necessary
  • [14:10] What’s your “revivement” age?
  • [15:34] Building a timeline for your goals

Why do you need a vision?

Whether you’re a go-with-the-flow kinda person or someone who thrives off of structure and deadlines, you can benefit from having some kind of roadmap for your life. It can get you back on course when life throws a curveball at you — for example, a curveball in the form of a global pandemic. Who’d ever see that coming??

Okay, you might be wondering, “Why are you talking about life choices and values? What’s that got to do with money?” Fair question! And the answer is… money is a big part of life. When you understand your values, goals, and priorities, you’ll start making financial decisions that are in line with them. Eventually, you’ll realize you can really enjoy life and find it fulfilling if your money choices are in line with your vision. 

As Danielle says in this episode, “Just focusing on the money side of things doesn’t really serve you. We want you to start looking at your life in a different way.”

You can start looking at your life in a different way by using our Vision Worksheet inside our resource library. (Psst...if you need something more detailed to plan out your financial future, there’s our new program called Wealth by Design™ DIY. Check it out.) 

Start envisioning your ideal life

There are three scenarios we want you to imagine when you start using our Vision Worksheet. 

First, imagine that you are financially secure. You have enough money to take care of your needs now and in the future. How would you live your life? What would you do with your money? Would you change anything? 

Then, imagine that your doctor tells you that you have five to ten years left to live. You won’t ever feel sick, but you also won’t know the exact moment of your death. What would you do in your remaining time? Would you change your life, and if so, how?

Finally, let’s imagine that your doctor tells you that you have only one day left to live. How do you feel? What do you wish you had been, or seen, or done?

These scenarios aren’t meant to scare you with the thought of death. Nor are they meant for you to think about for a few minutes and then file away for later. To truly sit with the idea of death and how you want to be living your life, you need to carve out some time to fill out the Vision Worksheet. Really think about the questions and be honest with your answers. 

Live Intentionally

From there, you can start crafting a timeline for your goals. Want to buy or build your dream home by a certain age? Start writing a book? Learn how to play an instrument? Work less and focus on your hobbies more? Assign these goals to the ages in which you want to accomplish them. Ta da! You’ve taken your first few steps to bringing your vision to life.

We get it, y’all. The idea of death is scary. The idea of changing your life can be, too. But when you start living life intentionally, you’ll find more meaning and purpose in everything you do. And that’s an awesome feeling.

This material is for general information only and is not intended to provide specific advice or recommendations for any individual.

RESOURCES & PEOPLE MENTIONED

 

CONNECT WITH DANIELLE AND DUSTIN