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#FA Success Ep 325: Building Success In The Financial Advice Business From A Financially Challenged Upbringing, With Brenda Hiscock

Nerd's Eye View

Brenda is a financial planner with Objective Financial Partners, an advice-only advisory firm based in Ontario, Canada, that works with clients on project-based financial plans, and also offers outsourced paraplanning to other Canadian advisory firms. My guest on today's podcast is Brenda Hiscock.

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At The Money: Behavior Beats Intelligence

The Big Picture

Morgan Housel Finance types tend to focus on attributes like intelligence, math skills and computer programming. You can have a medical degree from Harvard and know everything about biology and have all that insight in that intelligence. It seems obvious we should have a long term perspective in, in financial planning and investing.

Math 273
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Retirement Algebra, Solving For U

Random Roger's Retirement Planning

An even tougher one, if you have medical issues, how expensive are they likely to be? I understand the difficulty of that one but if you're 50, overweight and taking a half dozen medications, you should plan on health stuff being very expensive. Do you plan to work one way or another, consulting, part time or monetized hobby?

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4 Tips for Proper Tax Filing

Integrity Financial Planning

Next, let’s face it, not all of us are exceptional when it comes to math. Taxpayers should always confirm that their math is correct, as this is one of the most common mistakes made when filing. [1] It’s also not a bad idea to review the bank account numbers you included (some of those digits can be lengthy!).

Taxes 82
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Transcript: Jonathan Clements

The Big Picture

And I think you will also, if you are at all curious about estate planning or investing or personal finance, this is not the usual discussion and I think it’s very worthwhile for you to hear this and share it with friends and family. What was your original career plan? So I made a plan to get out of there.

Investing 147
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Sinking Funds: Why You Need Them. How To Set Up Yours!

Clever Girl Finance

A sinking fund helps you to plan for large purchases. With sinking funds, on the other hand, you can anticipate the upcoming expense and plan towards it. It also gives you the math formula to find the information you need if you prefer. The difference between a sinking fund and an emergency fund. Omni calculator. Absolutely!

Budgeting 105
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Braces vs. Invisalign: Did I Really Spend $16,000+ On My Kid’s Teeth?

Good Financial Cents

When we had this conversation, I initially joked that we would need to set up “braces savings accounts” for them instead of 529 college savings plans. When you actually do the math, traditional braces or Invisalign can easily cost $24,000 or more for four kids! Ultimately, it depends on the individual insurance plan.