Mental Models Are Powerful

Have you ever met with clients who are frustrated because they are failing to make progress toward achieving their most important financial or life goals?

Author S.J. Scott (www.developgoodhabits.com) writes, “The root cause of the ‘procrastination habit’ comes from our self-limiting beliefs.”  He further explains that self-limiting beliefs are generated by the mental models . . . → Read More: Mental Models Are Powerful

Facilitating Meaningful Conversations with the Financial Satisfaction Survey

As one of the cornerstones of the M.Q. Financial Life Planning toolkit, the Financial Satisfaction Survey (FSS) is likely part of your client meeting process, but are you using it to its full potential?  The Financial Satisfaction Survey addresses both the emotional and rational realms of an individual’s financial life and provides a means for identifying . . . → Read More: Facilitating Meaningful Conversations with the Financial Satisfaction Survey

Changing Retirement Expectations

Over the past several years, many Americans have begun to question their ability to prepare for a financially secure retirement.  This awareness now begs the question, how will pre-retirees adjust their retirement expectations to match their economic realities?

The Retirement Confidence Survey (RCS) is the longest-running annual retirement survey of its kind in the United States.  It . . . → Read More: Changing Retirement Expectations

Tool Examiner: Retirement Vision

There is a lot of truth to the old saying “if you don’t know where you are going, any road will take you there.”  Therefore, it is important for you to encourage your clients to envision and articulate the various elements they want to include in their unique version of “retirement.”

Research has shown that “degree of . . . → Read More: Tool Examiner: Retirement Vision

Evaluating Financial Responsibilities Across Generations

A growing number of individuals and couples are entering the ranks of the Sandwich Generation.  What they have in common is that they are caught in the middle between the competing needs and wants of their dependent children and aging parents.  In addition, they also need to consider and prepare for their own retirement years and . . . → Read More: Evaluating Financial Responsibilities Across Generations

Life Planning vs. Retirement Planning

In the past, the transition to retirement has been viewed solely as an economic event. As a result, the focus of retirement planning has always been on building a nest egg.

In The Late-Start Investor, author John Wasik recommends discarding this obsolete view in favor of a “flexible life plan that provides for financial, vocational, physical, emotional, . . . → Read More: Life Planning vs. Retirement Planning

Life Lessons: Embracing Vulnerability

Dr. Brené Brown is a research professor at the University of Houston Graduate College of Social Work, and has spent much of her career studying the complex human experiences of “vulnerability” and “living wholeheartedly.”

Her 2010 TED Talk presentation, “The Power of Vulnerability,” catapulted her into the international spotlight with a powerful message that literally resonated with . . . → Read More: Life Lessons: Embracing Vulnerability

Licensee Spotlight: Brent Hamilton

M.Q. “Licensee Spotlight” articles interview Money Quotient Licensees and ask them to share their experiences with Money Quotient materials and the Financial Life Planning process.

After graduating from Portland State University with a dual major in Economics and Finance, Brent Hamilton founded WBH Financial Services located in Lake Oswego, Oregon.  While attending college, Brent assisted in his . . . → Read More: Licensee Spotlight: Brent Hamilton

Helping Clients Define a Legacy of Values

How do middle-age and older adults currently define “leaving a legacy”?  This was the central question of a recent study that examined the attitudes, hopes, and concerns of baby boomers and their elders (Allianz American Legacies Pulse Survey, 2012).

A key finding was that these two generations view legacies as being much more than wealth.  In fact, . . . → Read More: Helping Clients Define a Legacy of Values

You Can Plan for Tomorrow….Just Don’t Plan on Tomorrow!

I have been involved in the practice of Tai-Chi for over twenty years.  One of the central tenants of the philosophy is to “go with the flow.”   It has almost become a cliché to use such a phrase, but the reality is that it is a very difficult thing to do.

First, you must . . . → Read More: You Can Plan for Tomorrow….Just Don’t Plan on Tomorrow!