One Day I Realized WHY Clients Don’t Follow Through On Their Financial Plans
I always thought it was because they weren’t listening to me. When clients aren’t motivated to follow their Advisor’s recommendations it is because they aren’t listening to THEMSELVES. They are keeping their financial life, and as a result their financial plan, separate from who they really are and what really matters in their lives. They hope to tackle finances like a task instead of like an energy.
Your Financial Life Plan should reflect YOU.
At Team Duncan Financial, we begin the Financial Life Planning process by exploring your Money Personality and your Money Relationship, which looks at the different ways clients communicate with one another as partners, in terms of their finances. We take the time to discuss Money Personality to ensure YOU are reflected in your plan. This is one way Eric and I help clients align their values and their goals with their behavior.
Team Duncan Financial partnered with experts Scott and Bethany Palmer, The Money Couple, to offer the scientific Money Personality assessment that you may take online, for free by visiting: www.moneypersonalityassessment.com.
Team Duncan is focused on helping you integrate your financial world in a comprehensive way that offers tools so that you:
- communicate better about money
- feel organized and like nothing is slipping through the cracks as we touch on each and every aspect of your financial life each year, and
- feel confident with a partner to guide you to make better financial decisions.
The Money Couple describes the key difference between your Primary and Secondary Money Personalities by saying,
“Your Primary Money Personality characterizes your most natural instinct when it comes to your views on money. And your Secondary Personality is the tiny voice at the back of your mind that makes you question your first instinct about every money decision.
For instance, let’s take a Saver/Spender as an example. Saver is your Primary Money Personality, which means that most of the time you’re probably focused on saving money and keeping close tabs on your money.
However, thanks to that Secondary Personality, it’s completely normal for you to occasionally make a sporadic purchase, buying something that you either didn’t save for or something that is out of the price range you’re normally comfortable with.
Your Primary and Secondary Money Personality types go hand-in-hand and shape the behavior of how you spend money?”
At Team Duncan Financial, we believe that your Money Personality can be the superpower or the saboteur of your Financial Life Plan.
Getting clear on your Primary and Secondary Money Personalities is but one important factor in creating a financial plan that includes who you really are. Team Duncan Financial uses several tools that will help offer an in-depth understanding of why money makes you feel as you do, how to avoid money roadblocks for your specific Money Personality combination, and how to improve your relationships with the people you care about most. We offer a free resource to explain how your money personality is a key variable that may change the way you approach your financial life!
To learn more about Team Duncan Financial and discover how we are taking a little different approach to helping our clients achieve their financial goals and invest with confidence, please visit www.TeamDuncanFinanacial.com .
Investment Advisory Services offered through Moloney Securities Asset Management, LLC, Registered Investment Adviser
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
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