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85: How (And Why) To Turn Clients' Vague Goals Into Vivid Visions

85: How (And Why) To Turn Clients' Vague Goals Into Vivid Visions

FromThe Human Side of Money


85: How (And Why) To Turn Clients' Vague Goals Into Vivid Visions

FromThe Human Side of Money

ratings:
Length:
30 minutes
Released:
Jun 8, 2023
Format:
Podcast episode

Description

Morningstar research reveals a direct link between savings behavior and mental time horizon. In fact, the research says mental time horizon is more influential than their age, income, and education. Thus, the more vivid and clear your future, the more likely you are to change your behavior. So, when you’re working with clients and planning for their future selves, you have to take their future goals from the clouds to the street. From vague to vivid. Once you help your clients do that, you've created motivation, improved their behavior, and enhanced their lives for the better. In this episode, we'll share: The research detailing the benefits of creating a clear and vivid image of the future What a vague goal sounds like compared to a vivid vision Ideas for how to turn vague goals into vivid visions The story of an advisor who made a lasting impact on his clients' lives   The featured partner for this episode is Knudge, an automated system to help clients actually follow through on their tasks and reach their financial goals. *For more resources discussed in this episode, check out www.wiredplanning.com/episode85. *For more resources and insights on mastering the human side of advice, go to www.wiredplanning.com. *Follow Brendan for insights on mastering the human side of advice: Twitter LinkedIn
Released:
Jun 8, 2023
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!