The Planting Wealth Podcast: Recent Episodes
Ignite Financial
Ignite Financial is a financial startup helping millennials better their professional and financial lives. The Planting Wealth podcast was created to empower our listeners and educate them about the behavioral side of their money.
With Boomers starting to retire, it's time for Millennials to start having tough conversations with their family about money. There is a $30 trillion wealth transfer coming, are you ready for it?
If you've never heard of "temptation bundling" (the practice of connecting something you don't enjoy to something you do in the same action/event), you definitely need to listen to this episode on how to use it to achieve your financial goals.
Here's our first installment of how to build a better relationship with money. We discuss money dates and why it's important to have them in your calendar to establish consistency.
It's time we looked at financial planning as enabling a GPS for your money. But first, we have to figure out where you want to go. Only after that can we start mapping out the steps that it will take to get there. It's why we call our planners financial guides, and our company your financial co-pilot. All that we are is to help people build a life that they can truly enjoy.
Sometimes the math doesn't make sense, and that's why it is called "personal finance". It's extremely personal and no two financial plans are the exact same, because no two individuals have the exact same goals, with the exact same financial picture.
You can only lower your expenses so much before you're practically starving yourself. What's next? Upgrading your income!
"Lifestyle inflation" is the phenomena that can slowly kill your chances of reaching your financial goals. In this episode we cover how millennials can make sure that your extra dollars don't grow legs and walk out of your bank account.
Financial success starts and ends with your perspective on money. You have to decide what success means to you, and from there determine your steps to get there. It won't be easy. It will be simple. Getting from point A to point B is always simple. The hard part comes when you come to a huge obstacle on the way to point B. Most people give up, but if you know your "why" and attach it to your definition of success, it'll make your journey much more enjoyable. On the other side of fear is amazing.
Sometimes you have to work outside of your 9-5 in order to reach your financial goals, or to simply afford the freedom to travel where you want. This is where side hustles come into play.
Across all walks of life, support systems are paramount. They can help you when you're in a rut, be your cheerleader when you're winning or losing, and provide sound wisdom on major life decisions. Support systems can take on a multitude of forms, mentors, study groups, significant others, family members...all that matters is that you have one.
For young professionals and millennials, everywhere you turn there is a competing financial obligation. Down-payment for a house, a social life, traveling, a family, student loans (can't forget about those), and the list goes on. So where do you start? It's possible to take your net cash flow after expenses and split it equally into your goals. If you're like most people, you'll have to priorities your goals, and then sacrifice one or two (because the top goals are THAT important).
There is a heated debate among financial professionals all over. Which comes first paying off debt or funding an emergency fund. We think it's a little bit of both.
And we're off! Hopefully this will go well. We have some pretty audacious goals for our firm, and we hope you will join us on our journey.
Our aim with this podcast is to provide as much value as we possibly can. And then some. Enjoy!