Building True Wealth Into a Financial Plan

So I got a call about six months later, and her response was, I feel like I have my husband back. Awesome. That’s cool. And so those are the those are the types of experiences we wanna share with people on this podcast.

We think it’s valuable for you to see that other people have done things that are in a different order than what a a stereotypical financial adviser is gonna say. Right. They’re gonna say, go save more. You gotta save more.

Welcome to the True Wealth podcast, where happiness is more often found in the soul of someone’s wealth rather than the size of it. Money, after all, is a tool. It’s not the destination. Money is the fuel to advance your core values and your purpose. Join us as we share some inspiring stories, true wealth life lessons, and practical strategies to help you design a life of intention, generosity, and fulfillment.

Alright. So last episode, we kinda wrapped up with what true wealth is. We kinda ended it with a little bit of a story about what what my dad taught me about true wealth. We didn’t really just give you a high level again because there are nine principles before we dig into the question of the day of what true wealth is.

And number one is being a living example of the transformational power of love. We’re gonna unpack that in an episode sometime. Sticking to your core values. Be driven by your purpose.

Be accountable through your goals.

Cherish relationships. Value your health.

Wisely use your financial resources. Find ways to be compassionate with the world. And be open to wise counselors. So that’s the core of the nine principles. We will dig into all those. But today, I thought since last week, last episode, we unpacked a little bit about what true wealth is, the next logical question is, okay, how do we incorporate that into people’s lives or into building out their financial life game plan?

So we’ll take a we’ll take a look at that.

Thoughts on that? How are you guys how are you doing that? When someone calls and and they sit, they you’re gonna say, okay. We got questions to ask you. Just just unpack that for me a little bit. How do you guys deal with that?

Yeah. I think true wealth can be such a a kind of a cloud kind of a concept where it’s it’s a hard thing to really pin down and say, okay. What is it, and how do you actually do it in a plan? There isn’t an Excel spreadsheet or a software that we can use that lets us put together a plan that incorporates true wealth.

Right.

So I guess the best way I can explain it is to just give an example of how I’ve seen it in action with a in an an actual client situation.

Right.

One of my one of my first couple clients that I worked with when I first got into the industry, we sat down, and we’re doing an introductory meeting, and you ask the basic questions. You know, you want them to bring some of their information about how much assets they have, liabilities. You wanna see a financial statement and see kinda where they’re at. But the the way that we incorporate true wealth is really through asking questions.

And the more questions I began to ask, the more apparent it became that the big hook in their knee wasn’t necessarily that they needed more life insurance or that they needed to save more in their investment accounts. Although they did need to save more, and my proposal was initially going to be, hey. We should probably look at, because this guy was a business owner, look at opening your own four zero one k because it would give give you opportunities to save a lot more money than you’re currently able to save in your simple IRA. So this is the practical side of me just kinda going, okay.

How do I provide a solution? But as we got talking, it became very apparent that the primary concern of the wives in particular was I work eight to five.

When I get home, I really wanna see my husband. My husband is running a business, and so he’s running his business sometimes from six AM to six PM, and when he gets home, he’s doing all this bookwork on, you know, on basically the twelve hours he’s already put on. Yep. He’s gotta he’s gotta do the book.

Somebody has to, and he doesn’t wanna hire that out because his business is new. And so his big issue is, okay. I really wanna start saving some of this profit that I’m starting to make for my business, But she’s going, I really wanna have a husband. And if we don’t fix this now, we might not be together in ten or fifteen or twenty years.

And then what do we have? We just have stuff. So it was just We don’t have each other. And so our number one goal, trying to incorporate this idea of true wealth in a practical way, was number one goal is not to put to to create a four zero one k for you as a business owner.

Number one goal is let’s hire a bookkeeper instead for this year.

Okay.

Cool. And let’s wait until you have a little bit more profitability as a business so you can pay a bookkeeper and have a four zero one k. But your marriage is a priority here, and if we don’t put it as priority number one, you may not have it much longer. Right. And so do we wanna do this together? Let’s do this together. Let’s wait on the savings, and let’s practically put together a plan that allows you to spend more time with your wife.

So he hires a bookkeeper, and instead of doing the books from six PM to nine PM while they’re trying to watch a movie together Yeah.

They’re actually spending time together, and because somebody else is doing some of this work.

And so it’s just one example of how to how we’ve practically seen it in action where true wealth really aligns well with a financial What was her response?

I mean, they’ve been doing that now for a while?

Yeah. So I got a call about six months later, and her response was, I feel like I have my husband back.

Awesome.

That’s cool. And so those are the those are the types of experiences we wanna share with people on this podcast. We think it’s valuable for you to see that other people have done things that are in a different order than what a a stereotypical financial adviser is gonna say. Right. They’re gonna say, go save more. You gotta save more.

So you use the hook in the knee expression.

So I I let me unpack that a little bit for listeners because Gonna say Yeah.

People were probably like, you had a what?

So Yeah. She didn’t have a hook in her knee.

I’ve often talked about that. So when my brother-in-law, one time, he got a you know, he was really excited. He got a big fish, lands in the boat, and the fish is flopping all over. Well, he bends over to pick it up, and he and he gets the fish hook in his knee.

And we tried forever to try to get that thing out. So we wind up in the ER, and the doctor comes in. They start, like every typical process, they start asking all these questions about his health history, his health. He said, look, I’ll answer all those, but I got a hook in my knee.

And it was like, he couldn’t think about anything else until that was removed so he could think clearly. So a lot of times we will jokingly say, where’s the hook at? What’s their hook in their knee? It’s not like a hook for a sale.

It’s more what’s their pain point. Right? And the pain point for them was Yeah. I want my husband back.

Right. So how what other questions can you answer to to or ask to get people to that point? Why? What do you use?

I just take a lesson from my kids. You know, over the years, you know, they ask you why all the time, and a lot of times it gets annoying to the point where they’ve asked why so many times that your only response is, that’s just how God made it.

Right.

I don’t know. Yeah.

But honestly, I think that’s the best question that you can ask. Because so many people come in, and when they’re talking with a financial advisor, they have financial goals that they want to achieve. And if we would just leave it there, you know, all of a sudden, we’re part of the problem, right?

Because we’re we’re helping them we’re helping them accumulate.

Get the calculator out.

Figure out how we get there.

Well, it’s easy. Here we go.

Those are mathematical questions. Yep. They mean this. Do this times this times this many years. Boom. Easy.

And to be clear, And to be clear, we’re not saying that those are irrelevant. No. Still do those and do those well. Right.

But do they really mean anything? And how many times do you you set a goal for someone? Or they they have this goal, you give them the mathematical answer, and they fall short. Why do they fall short?

Because their their focus is on a is on a number, not on a purpose. Yep. And so by asking why, all of a sudden, you start to peel back those layers of the onion a little bit, and and you start to understand what they truly are trying to accomplish. Right.

Because most of the time, there’s some sort of underlying reason. There’s some sort of underlying goal. There’s some sort of experience that led them to wanting that financial goal. And I think when when you begin to root your advice in in that, it it makes more sense for them.

It inspires them to actually want to accomplish what they’ve set out to do anyways. So as annoying as it is when your kids continue to ask you that question, it is an extremely important question to get people to ponder on and to use the hook analogy. Go and let them off it.

The goal is to connect the head and the heart. Yeah. Yeah. Because a lot of times, you can give them a good reason why they should do it, but if it still doesn’t reach what’s deep down important to them, they go through the motions, but they really aren’t engaged in it.

Right. They really don’t do it. They do it because they feel they have to. Yeah.

I’d say fifty bucks a month because I I think I’m supposed to be. I found over the years too, there’s there’s other types of questions that you can ask that that bring that boil to the top a lot quicker. So when I was going through the True Wealth Institute piece and we were going through these questions, when they hit me with this question, I had to stop, and I had to go, woah. All of a sudden, money did not matter.

So the exercise we went through is phone rings, you’re busy, you’re distracted, you pick up the phone, and it’s your doctor. And he or she says, I have some great news for you and some not so good news. Okay? The great news is for the next two weeks, you are gonna feel better than you ever have in your life.

You’re gonna have energy. You’re gonna have focus. You’re gonna sleep like a log, but you’re gonna wake up just really challenging to to face the world. And And your mind starts going, that’s awesome.

Well, what’s the bad news? You got two weeks to live. And it just, it goes right to your heart. Okay, so if they only said two weeks to live, then they make you ponder on that, and then they said, wait.

It’s twenty four hours. What is the first thing you would do? All of a sudden now, it isn’t, yeah, I gotta make sure my four zero one k is funded. Right.

I gotta make sure it’s, I’m gonna I’m gonna make sure my wife’s in the passenger seat. Rocco’s in the back seat in his bed. I’m gonna call the kids and say, hey. I I this is my situation, but I’m gonna celebrate my life for a little bit.

Let’s go up to our little happiness spot up north, and let’s get together, and let’s share time together because that’s really where my core what’s important to So but getting people to open up to that, you know, they would open up sooner their checkbook, which is usually pretty guarded, than to have to get to that level of emotions. And we’re not trying to we just really wanna know what is important to you.

Well, to get them there while they still can. You know, we’ve all had experiences where you have someone walk into your office, and they just lost a spouse, you know, or you get that phone call.

And I will always say, Nick, that’s when you know what we do is important. Because a lot of times, you know, obviously, they’re calling calling family. They probably call the pastor, but but we’re towards the top of the list Right. You know, of the people that they call when those things happen.

And at that point, the money the money really doesn’t matter. You know? What what matter where it gets interesting is is their immediate response. Are they immediately thankful for for all the memories that they were able to create and all those different things, or or do they start to speak in terms of regret?

I wish I really wish we would’ve done this. I wish we would’ve done this. We never got to do this. We never and those are the things that you don’t you don’t want.

And so, you know, beginning to to help people find balance, that that all the, like, the technical pieces of what we do are are important, but but if they’re not leading you towards towards some sort of balance in your life of, you know, it’s it’s not about accumulation, you know, because if you if we just leave you with a with a big pile of money at the end, did we really accomplish accomplish what we wanted to do? Because every dollar in that pile has an opportunity cost. Right. Right?

Like every dollar that’s in there is is a sacrifice you made along the way to put it there. Yep. Well, if those if those at some point, is that really worth it?

Right.

You know?

And there’s too many people, I think, that would say, I’m not sure it was.

Well, I think the core, the goal is to be responsible in living for today, but make sure you properly planned for the future. So that, you know, because I’ve had that too a lot of times where, oh, I’m gonna retire at sixty five. Sixty five comes. They actually weren’t quite ready for a lot of other reasons.

They go to sixty seven, and then before you know it, they were seventy. All right. We’re doing this. They retire.

One of them passes away. Yep.

Was that a really good Yeah.

No. So to step back, like the example I use where I’m gonna make sure my wife’s in the passenger seat, my dog’s in the back seat, and my kids know where I’m going. Yeah. Part of the reason that works because I have planned before that.

So I had the freedom to be able to say, I can go do this because I know this is gonna be fine. She’s gonna be fine when I’m gone. I need to have this experience. So once you know that, how do you begin incorporating that into the actual planning process?

How do you guys do that?

That’s a I mean, it’s a hard one because it’s a journey. You know? It’s and I think that’s where the struggle of this whole concept sometimes of of true wealth comes is because it’s not a it’s not a silver bullet. You know?

It’s not a it’s not an answer. We talked about that last time, that it’s almost just this it’s this way of living. It’s this state of it’s this state of being. And that’s not a one meeting that’s not a one meeting fix.

I think we talked maybe last time about this idea of rerouting. And rerouting takes some some time. Maybe takes a little time to sort of till up. And like we’ve already said, a lot of times people have a hook in the knee.

Right. And so but but but most of the time, that hook got there because of some sort of underlying issue that exists. Right.

And so so a lot of times, those, the first meetings that we have are very technical. And and they they revolve a lot lot around the financial. But I think over time, it’s that relationship that’s that’s key. And when you build a relationship that’s that’s founded on on trust, and, you know, you’re giving you’re giving answers to them like you gave your your client, I mean, that’s probably not a typical financial adviser answer, You know?

A typical financial adviser answer in your scenario is, well, we need I’m gonna invest your money for you, or I’m gonna sell you this project or this this this product. It’s very transactional. But for you to say, this isn’t gonna benefit me one bit, but you need to do this to to save your marriage, that builds trust. Right?

And when you build a relationship on those things over over time, it it just it infuses this rerouting into the system. And so it’s a bit of a hard question to answer in some It is.

Yep. And it is a distinguishing difference. And I have, you know, not every relationship that we may have worked with, we have got that process right. We’re also refining this and trying to make it better. And, you know, we have tools now that we didn’t that I didn’t have when I started. So we take people through a blueprinting process, kind of blueprint their life, helping them figure out what they value most, what their purpose is. It helps them identify those seven or the nine principles of true well.

In there, too, I think it’s valuable. We started trying to incorporate, which, again, a lot of our existing relationships may need to go through this as well, but new ones certainly will, having a statement of financial purpose. Now, why are we doing this?

Is it so that you can, you know, winter in South Carolina?

Maybe. But why? Why is that important? I wanna spend time with my spouse. I wanna do so what are the things what are the things do you find value in and how to incorporate or bring value to the financial planning process along the lines of the true wealth concepts?

Well, and I like the statement of financial purpose.

That’s a newer one that we’re trying to implement in our practice because we’re always trying to learn and evolve and and add new value for our clients Right.

And be able to better align this true wealth process with your money guide financial plan and the Excel spreadsheets that go along with your debt snowball plan, etcetera, etcetera. So but this this statement of financial purpose idea, to me, it’s it’s if you could define that, it’s creating a mission statement for your life. Yep. And we’ve we’ve used some some tools to be able to help people to make that process easier so that you don’t have to necessarily go on a a two week retreat and, you know, and do whatever to to come up with your life’s purpose. But we we wanna be able to have a statement of financial purpose, a, to be able to guide your own plan, but, b, and maybe even more importantly, to be able to communicate to the next generation, what are my goals financially?

Right.

We have come through a generation that the greatest generation was the greatest generation in so many ways, but communication about finances was not one of them. Exactly. It was, hey. You’re gonna get what you get.

You’ll find out when I die. The communication. Yep. Right? And we’ve found that every family has a story about how receiving assets or inheritance has caused a a complete explosion of the family unit.

Right. And and it happens in every family. It’s amazing. You add some zeros behind a a one, and people start going crazy.

Yeah. And you go, who is this person?

And that’s not what the deceased in that moment would have wanted to Absolutely.

And so their their estate plan doesn’t work because they didn’t communicate. They didn’t communicate because they didn’t necessarily have anybody saying, hey. Let’s try to do this differently. Instead of just saying, hey. You’re gonna find out after I die what happens. I wanna communicate what are my intentions up front, and a statement of financial purpose really helps to align your goals and and desires for all the things that you’ve accumulated to be able to communicate that to the next generation so that they understand before they ever receive it. This is what mom and dad want.

Oh, and even to be able to communicate between partners and I mean, so many times you’ll run into it where one of the two is the dominant financial person. And as weird as it is, the person who seems the least informed oftentimes kind of ends up being the survivor. And if there wasn’t a good plan in place, a good statement of purpose why we’re doing these things, the statement of financial purpose, I equate to a person’s plumb line. And I use that visual.

It’s the visual on the true wealth. It’s how you build vertical integrity. The Plumline, we’ll unpack that too as we go. But the statement of financial purpose, and I’m gonna go off script a little bit because we’re trying to not incorporate money all the time.

But when the market drops twenty percent and somebody goes, ugh, it’s because they’re seeing the dollars and not thinking that all through, what has changed? Is this still your financial purpose? Yeah. Then we gotta let the markets be the market.

We gotta let them do what they need to do. Now we should be able to say that if we’ve properly diversified. So that is all the nuts and bolts behind it, but you’ve just gotta get people more aligned in this process and why this process is different.

Well, and when you have a plan, it’s built on numbers. Right? And the numbers say we will have a market correction about every twelve months.

We will have a bear market about every three years or so. We know we’re going to have dips in the market, so we build your plan on dips in the market. Right. That’s where it comes to diversification, like you said.

We we use the bucketing theory. We try to have money in cash available so that you don’t have to pull money out in a down market. All of these things are are good nuts and bolts financial planning Right. Ideas and tools that we implement, but they have to have a bigger purpose.

Well, if we get that right, then when these bumps in the road take place, you can be confident. That’s right.

Able to enjoy You’re enjoy life.

Yeah, exactly.

Like, it’s, you know, you get, you know, the market takes a dip, which it will, and, you know, clients call. And those are stressful situations for them. Yeah. To be honest, they’re stressful situations for us.

But when we can reroute, you know, and bring back to the plan, the original purpose, and all those things and say, we’ve accounted for every ounce of this. Right. What people you’re going to ask the question why. Well, why are you worried about this?

They’re not necessarily as worried about the money. They’re worried about what the money, what the lack of might might do to their their And and so if we can go back to say, we’ve accounted for this, and you’re still on track, you know, for for every bit of what you wanted to accomplish, most of the time, they’re like, oh, phew. Okay. That’s all I wanted to know.

Just wanted to know.

I’ll share a story with you.

So this was one of my very first client relationships. Right? So I go I go back to nineteen eighty seven kind of time ish. But Woah. This end of it? Yeah. I know.

I think there was some volatility around that time. Was there not?

But this gentleman came in, and we laid out the perfect plan. Yeah. And, actually, I wasn’t talking true wealth back then.

It was important to me, but for him, the goal was you gotta get me out of my job in the next x number of years. And it was about ten to twelve years that we were that we were targeting for. We laid out all the numbers. He went through all the numbers, and he he followed to a t.

Okay? We get to the year two thousand now, not to be your grandpa or anything on this, and so you you probably remember some of that, but we had this y two k event. Okay? And the market goes through about two, three years of of some dismal performances.

This individual calls because he’s looking at his balances, and he’s looking to see where he started and after the market corrections where he is. And he’s he’s pretty irate. So he calls and he comes in and says, this is not a good deal.

And I said, well, let’s let’s look at this a little bit further. You’re you told me your goal was you wanted to be out of where you were working by this period of time. And and, yeah, we’re there. Right?

And we have been having these conversations along the way, but that kind of a thing clouded his vision. So I sat down and said, okay. If we took that, what you have put away at this point in time, and we just started taking four percent off of that, I could send you a check for this amount. Would that be okay?

And he he kinda froze, and he said, well, that that’s way more than I need. I said, okay, then retire. And the funny part was all of a sudden it was, oh, maybe I’ll do this for a few more years.

Because the focus switched.

Now he was going to work, and he actually worked for several years after that. But he said he came back later and said, you know, for the first time in a long time, I’m enjoying my job. Yeah. Because now the focus was not about accumulation.

I didn’t have to be there. Yep. I wanna be there. Yep. Exactly.

So yeah, that’s kind of the well, there are countless stories like that, but I’m gonna give you a practical application that happened in my life outside of the world.

So we were you know, it’s funny. We lived in Brookings, and we had a we had a two stall garage. And we could fit two cars and all our stuff in a two stall garage. We moved to we moved to Brandon, and we have a three stall garage.

And most of the time, we can get one car in the stupid thing. Well, my wife’s not a big clutter person, and I’m not a huge clutter person. And so we hit a point where where it just had gotten overwhelming. And so I called a contractor of mine because we were thinking about putting a shed up.

And and so I call him, and and he’s been a mentor of mine for a while. And and he goes, well, why do you want a concrete pad? And I was like, well, we wanna put a shed up. And he goes, well, why do you want a shed?

It’s like, I need to get all this junk out of my garage because the clutter’s killing me. Well, why do you have a bunch of junk in your garage? And he just starts asking all these questions. And all of a sudden, like, this guy easily could’ve just come out, and I’d have paid him whatever he wanted to put a darn concrete pad in my my my yard.

Yeah. But because he was willing to ask questions, he cared more about kind of the heart of what we were trying to get after.

Certainly.

That there were stresses in our life that were getting caused by all this stuff. Right. That he helped me almost reroute my perspective of what we were trying to do. And we saved ourselves the cost of a concrete pad. We saved ourselves the cost of putting up a shed.

We actually made money because we had a darn garage sale.

Yep.

You know? So it’s like, it was ridiculous. But just asking those questions, and it’s the same in our our world. It’s the same that you could have done with the the story you shared at the beginning.

You could have sold them something. Right. You really could have. And a lot of people probably would have.

But because you asked questions, and because you truly got to the heart of what was actually causing them some stress and some issue, you’re able to offer a solution that that means something pretty incredible to them, you know, over over the long term. Yeah. Like that that guy, it’s a it’s a stupid concrete pad. Yep.

You know? But but that was a life changing experience for me Yep. Because it changed my perspective on on stuff. You know?

It changed my perspective on what we were actually pursuing in in life.

Well, and to you I don’t want to discourage people from having things. I mean, that’s not what we But again, you tell a story, and I flash back to dad. I mean, that’s just what I but I remember him talking one time. He said, you know, I came into this world with nothing, you know, and and I’m gonna leave here with the clothes on my back.

And and that struck me. He said that what what matters is what takes place in between those two times. So he said, I’m gonna leave this world better than I got here because I’m clothed. And we made sure he was clothed at that point.

But anyway, part of him passing when he said that, he said, the interesting thing is through life, when my wife and I got married, it took a pickup truck. It wasn’t too many years, and he was a pastor, so they were moving around. It took a moving van. He said, about when I retired, that same pickup or it was a pickup truck again, not a moving van.

So you go through these periods of time where you accumulate things because you think that’s what’s going to bring you joy. Yep. And really, in reality, that wasn’t it.

Well, but the but just asking asking the question why, though, and that was that was the thing with the shed. Like, a shed was not gonna bring me joy. Right. What was gonna bring me joy was getting rid of the getting rid of the clutter.

Yep. And so like, just just asking those questions. Like you said, stuff is not overly bad. Right.

You know? But but just understand why you want it and understanding the opportunity cost to it. That’s what I tell people all the time is when you come into when you come in to do a plan, the plan just allows you it gives you known information.

Right.

You know, the unknown information or the the unknown in our lives is oftentimes what what causes the stress. So really, our our job becomes deliverers of information Yeah. Is is what we do. And and known information allows them to see and process opportunity cost in any decision that they made.

You absolutely can buy the the lake home, you know, but you might not be able to retire quite as early as you What you can do either. You can retire early or you can do the lake home. What do you What what What gives you joy? What are the goals that you have as a family?

What is true wealth to you? You know, is it the lake home and the memories that come with that? By all means, then let’s do it. But now they know, and they’re able to process those things and do them confidently and do them with joy.

Yep. So the statement of financial purpose will give them more clarity on what they want. Then the next piece in there that I hear all of us saying is, is it to identify why. We’re trying to give meaning to the money beyond the dollar amount, but what’s its purpose? Just like what’s your purpose. Yep. Any other thoughts, Ryan?

Well, it’s a little bit like training an athlete too. I mean, if if you if if you’re training someone, they have to do something hard or something they don’t wanna do. And for us financially, what we want to do is spend all of our money. Right?

We don’t wanna necessarily sacrifice upfront for a longer term goal. We need to see what am I sacrificing for? Why am I saving the money that I’m saving right now? And so that’s that’s part of what we can do in a financial plan too.

That that bigger why question is such a a foundational piece of a financial plan that actually leads to peace and contentment and confidence. And those are the things those are the words we want you to use when you describe your financial situation.

Exactly. Yep.

And to to us, not all of the households that we work with, not all of the families we work with have had that lightbulb moment where that you can tell all of a sudden it’s, I don’t worry about money anymore. Right. But our goal is to have more people experience that moment because it is absolutely life changing when you can get to that moment where your finances and your and your purpose are aligned, and you can see that you’re gonna be okay, and you can trust that you’re gonna be okay.

There’s a confidence that you can have that you don’t you don’t have to watch your statements anymore.

Right.

You don’t have to worry anymore.

We’ll uncover this in the next episode because we’re gonna start way back at the beginning. But you know, it’s when I think about stuff and accumulation and all these other things, it’s really hard because most people don’t have an income problem. They have a spending problem. Yeah.

You know, really, our government is a prime example of that. I mean, isn’t they’re spending more than they’re taking in, so we got an issue. But to get people to scale that back, that’s the first thing they think of is, You’re trying to take away my joy. Well, that’s not what’s giving you joy.

That’s what’s giving you And a lot of that has to go back with how we raise kids. We train them a lot of things, but we don’t train them in money very quick. And we’ll talk about this in our next episode, but more is often caught than taught. Yeah.

And I think if we’re gonna get this right so one of the one of the little I’m gonna call it a trick, but one of the little tricks of this process by getting them to focus on the kids is they start going, okay. I wanna teach my kids, but then they have to answer some of their own Right.

Exactly.

Because the kids are watching.

The kids are watching.

Yep. And so we’re gonna we’re gonna unpack that in the next episode.

So I like that.

Any closing thoughts? Otherwise, let’s we’ll wrap up.

I think one more question to close with is this big idea of how much is enough, going back to Nick’s analogy. I mean, enough enough for Nick could have been a two car garage.

Enough could have been a it’s it enough became a three stall garage without an additional storage space. And so answering that question, how much is enough, is extremely important for how to move forward, and really helps us to help you align your money with true up.

Yeah.

That’s not an easy Not an easy one.

An easy task, but that’s the difference between advice. You wanna find someone who’s gonna give you advice, not not a product. Right.

But we’ll unpack that a little anyways, want you to share on one of these next episodes, you should share your your dad’s analogy, like, difference between a salesperson and an adviser.

We’ll do that.

Yeah. Yeah. I’ll come back. Like that.

He hauled that out, and when he went through that, I thought, yeah. I don’t wanna be that. But we’ll unpack that in this episode. Well, hey, thanks for joining us for today’s episode of the True Wealth podcast.

If you enjoyed this conversation, we look forward to bringing you many more. We’d love for you to just subscribe, share it with a friend so that we can reach more people who want to experience a life confidently enjoyed. Feel free to share your thoughts, and if you have specific questions regarding the soul of your money and true wealth, send your questions to infopinnaclewealth. If you know of a guest that you’d like us to interview, or like I said, specific questions for you on the broader concepts of true wealth and the soul of your money, send those questions to infopinnaclewealth because the pinnacle of wealth is true wealth.

Thanks for listening, everyone. We’ll be back soon.

The opinions voiced in today’s True Wealth podcast with Kevin Ingers, Nick Omelette, and Ryan Oviedin are for general information only and are not intended to provide specific advice or recommendation by any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial, or tax adviser prior to investing.