The Most Important Thing You Can Do For Your Financial Plan

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5 • 706 Ratings

🗓️ 11 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

James challenges the idea that financial security comes from always having more—more savings, more income, more investments. Studies show that no matter how much people have, they often feel like they need twice as much to feel secure. That mindset can make fulfillment feel just out of reach. Instead, James asks: What’s one thing you could do or buy to make this year special? He shares stories like a couple who used an unexpected windfall to buy a boat—not as an investment, but to create yea...

Transcript

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0:00.0	Today we're going to talk about one of the most important financial decisions you can make for 20 and 25,
0:04.4	and possibly even, for the rest of your life. Now, typically, when you hear most important financial
0:08.8	decisions, what do you think? Probably think something about how do you invest better? How much
0:12.9	money do you need to retire? What tax strategies exist when you do retire to optimize what you
0:17.0	worked for? All of those things are important. But all of those things are tactical
0:21.1	decisions that you should make to support the bigger picture goal, the bigger picture of what you
0:26.4	want retirement to be about. And more importantly, none of those things even matter if we don't
0:30.7	get this first thing right. And this first thing is what we're going to talk about today.
0:37.1	This is another episode of Ready for Retirement.
0:39.6	I'm your host, James Cannell, and I'm here to teach you how to get the most of the
0:42.5	life with your money.
0:43.9	And now, on to the episode.
0:47.4	So here's what I'm going to do.
0:49.3	I'm going to ask you a very simple question, and I want you to take time to think through
0:53.9	it.
0:55.0	Don't mistake something that's super simple for something that's simplistic and irrelevant
0:59.4	to what you should be doing.
1:01.0	My question to you is this.
1:02.9	What is one thing you can do or buy to make this year special?
1:10.1	Incredibly simple.
1:12.4	There's nothing complicated to it.
1:13.2	There's no gotchas.
	...

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