063: Why Plan Ahead feat. Marguerite Lorenz, Amber Anderson, and Barbara Norman

Jul 14 2023 • 38 mins

In this engaging discussion, the speakers, Marguerite, Amber, and Barbara, delve into the importance of financial planning, estate planning, and the role of professional advisors. They emphasize the need for planning ahead for financial security and estate distribution, even when the future is uncertain. They also highlight the value of creativity in financial management, such as organizing cost-effective events or finding alternative ways to meet financial goals. The conversation underscores the importance of seeking advice from professionals like financial advisors, estate planning attorneys, and CPAs, who can provide objective advice and help navigate complex financial and legal landscapes.

The speakers also discuss the significance of mentorship and peer groups in providing encouragement, accountability, and valuable advice, especially for those aspiring to leadership roles. They touch on the journey to success, emphasizing the importance of persistence and resilience in the face of challenges and failures. The conversation explores how personal relationships can influence financial and estate planning decisions, from choosing beneficiaries to considering the needs of future generations. They also address the common fear and hesitation people have about financial planning, often due to feelings of inadequacy or fear of judgment, and the importance of regularly reviewing and updating estate plans.

~ Summary of the transcription by Chat GPT-4