• #6 Brian Sytsma - Common money mistakes, what financial planners really do, and practical things you can do to create financial success

  • Oct 14 2024
  • Length: 1 hr and 1 min
  • Podcast

#6 Brian Sytsma - Common money mistakes, what financial planners really do, and practical things you can do to create financial success

  • Summary

  • Welcome to the Dylan Dodson show, where through interesting conversations and personal insights, I help you live a life that matters. This episode is brought to you by The Best Minute, my very own newsletter that helps you build better habits, become more productive, and maximize your life. All in about 60 seconds per week. And if you want to save time, increase your focus, and become more efficient so that you can live a life that matters, be sure to check out my flagship course Shave 10 Hours Off Your Workweek. Brian Sytsma is a certified financial planner with Northwestern Mutual. In this conversation, Brian Sytsma discusses common financial pitfalls, the importance of creating a financial plan, and the role of emotions in financial decision-making. Brian also addresses misconceptions about money management, the risks associated with cryptocurrency, and the journey of becoming a successful financial advisor. He provides insights on finding a trustworthy advisor, the reasons people struggle to save, and the balance between spending on experiences and saving for the future. 00:00 Introduction and Most Popular Unwise Financial Decision 01:50 The Assumption of Buying a House as Soon as Possible 03:50 The Importance of Creating a Financial Plan 05:37 Balancing Client Desires and Wise Financial Decisions 08:45 The Challenge of Advising on Insurance and Family Advice 11:18 Aligning Financial Goals within a Marriage 13:11 The Role of Emotions in Money Management 14:47 Misconceptions about Money and Financial Decisions 19:32 The Popularity and Risks of Cryptocurrency 26:54 Navigating the World of Cryptocurrency 28:18 Finding the Right Financial Advisor 34:21 The Pitfalls of Generic Financial Advice 39:59 Why People Don't Save Enough 47:00 Balancing Experiences and Future Savings 50:43 Working with a Financial Advisor 56:03 Taking the Next Step
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