We talk financial health with Hellinger Financial’s owner, David Hellinger. There are a lot of similarities and tie-ins between our financial health and our physical health.
In This Episode:
- When asked what is the first step to financial health, David says a 3-6 month cash reserve.
- We talk about what David believes is the most important piece of advice that is often overlooked when it comes to financial health – a cash reserve.
- What does a 3-6 month cash reverse really include?
- We discuss how important it is to pick a plan and stick with it. Whether it is working out or a financial plan. Consistency is a big component of long-term success so don’t get stuck on finding the perfect plan, spend your time executing a plan.
- We discuss the importance of having flexibility in a plan. If a person is not a fan of a rigid plan then a rigid plan won’t work for them. You have to find a plan and trainer/financial advisor that works well with your personality.
- We talk through how working with a financial advisor works and what it looks like.
- The average retirement is now from age 65-91.
- We speculate about the future of retirement and what it will take for upcoming generations to enjoy their retirement.
- David shares two stories about financial stability and retirement that really make you think about the definition of wealth and retirement.
- What are some financial habits that set people up for success
- To your own self be true
- Regularly talk about your finances with your partner/advisor
- David shares about the habits he has developed that allow him to be in peak condition.
Quotes from This Episode:
- “I’m much more interested in it [a financial plan] happening than being theoretically correct.” -David
- “But we are humans and we have a tendency to. To make a lot of mistakes and sometimes those handcuffs can be good. And so what we do is create fake handcuffs.” – David
Links To Things I Talk About:
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