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10: Meghaan Lurtz | Improving Client Behavior By Bridging the Gap Between Your Current and Future Self

10: Meghaan Lurtz | Improving Client Behavior By Bridging the Gap Between Your Current and Future Self

FromThe Human Side of Money


10: Meghaan Lurtz | Improving Client Behavior By Bridging the Gap Between Your Current and Future Self

FromThe Human Side of Money

ratings:
Length:
85 minutes
Released:
Nov 17, 2020
Format:
Podcast episode

Description

Meghaan Lurtz (Twitter and LinkedIn) is a Senior Research Associate for Kitces.com, where she researches and writes on virtually everything that falls under the realm of the human side of money. She's also involved with colleges and universities across the country in their financial planning programs and has her Ph.D. in Personal Financial Planning from Kansas State University. One of her areas of expertise also happens to be one of the most underutilized, under-appreciated and most effective tools for improving behavior and igniting behavior change with clients or prospective clients. The ability to help someone bridge the gap between their current and future self. Once you know the tools, ideas, and methods to do so, you'll watch clients and prospects seamlessly move through the process in a way you never imagined possible. In this episode, we discuss: The research behind why saving for our future selves is like saving for a stranger The signals to look for and ways to determine whether someone needs help bridging the gap between their current and future self Questions to ask a client or prospect (and when to ask them) to help them clearly define and vividly describe their future Five practical and specific ways to bridge the gap with someone that Meghaan has seen work effectively with clients Three reasons why we tend to prioritize our current self to the detriment of our future self   For more information and resources discussed in this episode, visit: www.wiredplanning.com/episode10 To join a community of like-minded advisors and planners around the world looking for top-notch insights and information on how to leverage behavior, psychology, communication, and emotion to master the human side of money, visit Wired Planning. Follow Brendan: Twitter LinkedIn
Released:
Nov 17, 2020
Format:
Podcast episode

Titles in the series (100)

The Human Side of Money delivers actionable ideas and strategies to equip financial advisors with the skill set they need to master the human side of money. Whether you've been providing financial advice for 40 days or 40 years, it's evident that technology is shifting your value away from simply picking investments and providing financial plans. The future of advice will hinge on your ability to guide clients through the process, unearth their values and emotions around money, and ultimately, change their behavior for the better. Join your host, Brendan Frazier, as he interviews fellow financial advisors, industry consultants, and experts in the fields of behavioral finance, psychology and communication as they share everything you need to know to master the human side of money!