“That’s so boring,” is one of the more common reactions people have to the idea of financial planning, says Colleen Gillam-Judd. Colleen is a Certified Financial Planner based in Alberta, Canada, specializing in helping high-income and high-achieving Canadians build generational wealth using financial planning, cash flow management, risk management, retirement planning, and legacy planning. Changing your negative attitude toward money, its value and the way that you go about saving it is crucial.
Many people are raised to believe that money is only for greedy people, and that anyone doing anything good shouldn’t have any need for it. Colleen and Chrystal debunk these false beliefs and the one that says money can’t buy happiness. Our ‘money story’ begins with our parents, and it will change alongside our evolving relationships with our spouses and children.
Speaking of important relationships, Colleen explains how to choose the best financial planner for you, as well as what you should expect from them. She also explains how to have the important conversations even when they’re not fun.
- “Money shouldn’t have a moral value.” (4:15-4:16 | Colleen)
- “One of the things that means that you’re doing a really good job, and you’re good at what you do, and people see huge value in what you’re providing for them, is monetary. It’s a positive sign that what you’re doing is working. It’s not bad, it’s good. That means that you’re creating value for someone.” (5:53-6:19 | Colleen)
- “For a long term strategy to talk to your spouse and talk about money, keep it really positive at the beginning…It’s the form, we have to give them currency, we have to give money to get the thing, whatever it is, the things we want and the things we need.” (26:58-27:37 | Colleen)
- “When it comes to financial planning, you need to be able to have a meeting with someone whom you feel understands and gets your situation and what you’re trying to accomplish. It is more relationship fit than it is technical knowledge.” (37:02-37:20 | Colleen)
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