In this episode of the Mindful Millions podcast, host Cristina Perez and Jesse Cramer delve into the intricacies of financial planning models. They discuss the differences between fee-only, fee-based, and hybrid advisors, emphasizing the importance of transparency and understanding how advisors are compensated. The conversation also explores the DIY approach to financial planning, the pros and cons of various models, and how to choose the right financial advisor for individual needs. The episode highlights the significance of education and awareness in navigating the financial landscape, ultimately aiming to empower listeners to make informed decisions about their financial futures.

Takeaways

Financial freedom is an inside job.
Understanding how advisors get paid is crucial.
The fee-only model eliminates conflicts of interest.
Transparency is key in financial advising.
Different financial planning models cater to different needs.
The DIY approach empowers individuals to take control of their finances.
Education is vital in financial planning.
Not all advisors are the same; choose wisely.
Pros and cons exist for every financial planning model.
Engaged clients lead to better financial outcomes.

Chapters

00:00 Introduction to Financial Planning Models
05:49 Understanding Fee-Only vs. Fee-Based Advisors
10:32 Exploring Hybrid Models and DIY Financial Planning
15:47 Pros and Cons of Fee-Only Financial Planning
20:50 The Role of Insurance in Financial Planning
25:35 Navigating Complex Financial Situations
30:45 Choosing the Right Financial Advisor
35:25 Final Thoughts on Financial Planning

Connect with Jesse Cramer:
LinkedIn: https://www.linkedin.com/in/jesse-cramer-11b58155/

Work with Jesse: https://bestinterest.blog/work/

Blog: https://bestinterest.blog

Podcast: https://bestinterest.blog/personal-finance-for-long-term-investors/

Further Reading Article Mention: "19 questions to ask your Financial Advisor" Article by Jason Zweig: https://jasonzweig.com/the-19-questions-to-ask-your-financial-adviser/

Work with Cristina:

Ready to take the next step in aligning your finances with your values? Visit mindfulmillions.co to learn more and connect with Cristina.

Follow along for more:

Stay inspired and empowered—follow Cristina on TikTok, Instagram, LinkedIn, YouTube, and Facebook @mindfulmillionsmgmgt

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In this episode of the Mindful Millions podcast, host Cristina Perez and guest Julia Carlos discuss the intersection of financial literacy, accounting, and tax planning. They explore the journey of becoming an accountant, the importance of financial literacy, and the various tiers of financial planning. The conversation delves into common tax planning pitfalls, the significance of entity structure, and the psychological barriers that small business owners face. They emphasize the need for collaboration with financial professionals and provide actionable steps for small business owners to improve their tax planning and financial management.

Connect with Julia Carlos:

https://summitadvisorsoc.com/

https://westernpremiercoaching.com/

Office Phone - (949) 796-3438

Work with Cristina:

Ready to take the next step in aligning your finances with your values? Visit mindfulmillions.co to learn more and connect with Cristina.

Follow along for more:

Stay inspired and empowered—follow Cristina on TikTok, Instagram, LinkedIn, YouTube, and Facebook @mindfulmillionsmgmgt

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In this episode of the Mindful Millions podcast, host Cristina Perez engages in a heartfelt conversation with her mother, Maria Perez, about the evolution of budgeting and its significance in achieving financial health. They discuss personal experiences with budgeting, the emotional barriers that often accompany financial management, and various budgeting methods. The episode emphasizes the importance of aligning financial goals with personal values and reframing budgeting as a tool for empowerment rather than restriction.

Takeaways

Budgeting is essential for financial health and peace of mind.
Starting to budget can be done with simple tools like a notebook.
Emotional barriers often hinder effective budgeting practices.
Different budgeting methods can cater to individual preferences and lifestyles.
The importance of aligning financial goals with personal values.
Budgeting should be seen as a choice to direct cash flow towards priorities.
Consistency in budgeting leads to better financial awareness and control.
Automated budgeting tools can save time and enhance efficiency.
Understanding one's relationship with money is crucial for financial success.
Financial literacy is a continuous journey that requires education and practice.

Chapters

00:00 Introduction to Mindful Budgeting
02:56 The Evolution of Budgeting Practices
13:01 Comparing Budgeting Methods
24:48 Emotional Barriers and Mindset Shifts
30:51 Final Thoughts on Budgeting

Sound Bites

"What gets measured gets managed."
"The budget is just the guidelines."
"You can start with a notebook."

Work with Cristina:

Ready to take the next step in aligning your finances with your values? Visit mindfulmillions.co to learn more and connect with Cristina.

Follow along for more:

Stay inspired and empowered—follow Cristina on TikTok, Instagram, LinkedIn, YouTube, and Facebook @mindfulmillionsmgmgt

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In this episode of the Mindful Millions podcast, host Cristina Perez shares her journey from traditional financial services to founding her own financial coaching business. She emphasizes the importance of financial literacy, personal values, and the emotional aspects of wealth. Cristina introduces her tiered financial planning approach and discusses her mission to serve underserved communities, aiming to create a new financial culture rooted in equity and wellness.

Chapters
00:00 Introduction to Mindful Millions Podcast
02:19 Cristina's Journey and Career Evolution
04:36 The Philosophy of Financial Planning
07:56 Key Takeaways from the Podcast
10:29 Building a New Financial Culture

Work with Cristina:

Ready to take the next step in aligning your finances with your values? Visit mindfulmillions.co to learn more and connect with Cristina.

Follow along for more:

Stay inspired and empowered—follow Cristina on TikTok, Instagram, LinkedIn, YouTube, and Facebook @mindfulmillionsmgmgt

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