What if your financial plan wasn’t just about money but about building a life of freedom, purpose, and peace of mind? In this episode of The Vital Wealth Podcast, host Patrick Lonergan sits down with Mike Milligan, founder of One Oak Financial and author of The One of a Kind Financial Plan. Together, they unpack how the financial industry often overcomplicates wealth management and how individuals can reclaim control through simplicity, education, and values-based decision-making. Mike shares his personal journey from the banking world to teaching financial literacy at Old Dominion University, offering listeners a refreshing perspective on what it means to design a financial plan that truly supports a life well-lived.

Listeners will learn how to avoid the traps of a profit-first system, rethink what “wealth” really means, and implement a plan that aligns with their deepest priorities. Patrick and Mike explore topics like financial education, the importance of discernment in money decisions, and why creating “profit with purpose” leads to greater happiness and impact. Whether you’re building your first plan or rethinking your strategy for long-term freedom, this conversation will change the way you view money forever.

Key Takeaways:

• The financial industry profits from complexity, true success comes from simplicity and understanding.
• “Profit with purpose” is more fulfilling and sustainable than profit alone.
• Tax planning is the most powerful lever for building long-term wealth.
• Financial literacy creates freedom and independence.
• Aligning money with values leads to clarity, confidence, and peace of mind.

Learn More About Mike:

Official Website: 1oakfinancial.com

Ideas by Mike: ideasbymike.com

The One of a Kind Financial Plan: mikemilligan.com

Resources:

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Credits:

Sponsored by Vital Wealth

Music by Cephas

Art work by Two Tone Creative

Audio, video, research and copywriting by Victoria O'Brien