November 18, 2022

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When it comes to money, what makes some people behave like squirrels preparing for a long, hard winter and others like reckless honey badgers, described by the Guinness Book of Records as the most fearless animals in the world?

Lack of financial knowledge, impulse control, expert advice–– all these factors significantly affect how people view and treat money. Financial advisors play a more significant role though, helping people make wise decisions about their finances and stay the course during tumultuous times. ?

Listen in as Anne Lester, a retirement expert who helps rising leaders save smart and retire happy, talks about the critical support role financial advisors play in helping clients understand where their decisions stem from and how they affect their financial health.

Emotional intelligence and understanding people’s behaviors regarding saving and spending are vital skills for financial planners. As Anne shares, advisors play an essential role

? Helping people “untangle their wiring” (the relationship they have with money and the way they think about it)

? Helping people understand the emotional connection they have toward their money and what it means to them

? Helping people create better habits when it comes to their money (the earlier, the better)

When establishing financial health, people often fail to consider their approach and emotional responses to money. The rational mind isn’t always in charge of financial decisions, and the brain doesn’t always recognize its future self.

Don’t wait to take a pulse on your financial health this year!