Financial Planning Done Differently: Decision Making (Exit Glacier, AK)
Hi I'm Robbie with Matterhorn Financial Planning. This is the top of Exit Glacier and the Harding Ice Field, the edge of the Harding Ice Field at Kenai Fjords National Park. This ice field is really the birthing place of all the glaciers here and this is Financial Planning Done Differently Episode 5.
How We Give Advice in Hourly Financial Planning
I'm going to talk to you today about how we give advice or educate you.
So we're going to get familiar with what your goals are and what's motivating you, where you want to go in life. I'll take a look at all of your information and we'll come together for a meeting.
What's not going to happen is that I am not going to just deliver a financial plan with all the recommendations. I might have two people or two couples in exactly the same situation financially that may have totally different decisions that make sense for their life.
So I don't view it as my job to just come back and tell you what you should do based on the numbers.
Educating You on Risks, Benefits, and Possibilities
Every now and then there's something that's really obvious that makes so much more sense than everything else that that's what is going to make sense to do—and I'll let you know when that's the case.
But normally what's going to happen is I'm going to help educate you about the risks and the benefits of different things, make sure that your thinking around your decisions involves all the technical stuff and the facts, and make sure that you're thinking about how it lines up with your long-term goals and your short-term goals.
We will end up dealing with possibilities: what's possible, what's the cost of doing that, what's the risk of doing that, what are you giving up by doing that versus something else.
Your Role in Hourly Financial Planning Decisions
I really just give you information that you can go back and figure out which directions you really want to go in life. And then once you've clarified that based on possibilities, then we will look at specifics and a specific plan and get specific action steps in place to make this happen.
But I just want to make sure that you're aware that you get to be mentally engaged in this process.
If you're looking for someone that's just going to have all the answers and tell you there's only one answer for you and here's the way to go and you just hand it over and get something written or outlined back—that's not me.
I'm going to expect you to be engaged with all the possibilities and deciding for yourself what will work in your life. And that's how I do it differently.