54: Helping Clients Achieve Life Money Balance with Dr. Preston Cherry
Play • 1 hr 22 min

"Let your life lead your money, not your money lead your life." - Dr. Preston Cherry

Clients care more about maximizing their life than their net worth.

What's the point of tripling your net worth if you still dread getting out of bed every morning?

That's why financial advice at the highest level focuses on more than the accumulation of money.

It focuses on the alignment of money with what's most important in the client's life.

It's what Dr. Preston Cherry calls "Life Money Balance."

It's at the core of his planning process, and he joined the show to walk us through how he helps his clients achieve life money balance.

We discuss:

  • Why "statements tell stories" - the information you can glean simply by looking at statements
  • The "Emotional HSA" (Honest Self Audit): A crucial step in achieving Life Money Balance
  • The "Money Psychology" meeting he takes all clients through
  • The "Money Egg" exercise he uses in this meeting
  • The power of reframing a "Savings Plan" to a "Spending Plan"

 

*For more resources discussed in this episode, check out www.wiredplanning.com/episode54

*For more resources and insights on mastering the human side of money (including our popular "Wisdom Round-Up" email), go to www.wiredplanning.com.

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