In this conversation, Chris Longworth, the Wealth Defender, and Chrissy Paradis discuss the parallels between football and financial planning. They emphasize the importance of strategic planning, practice, and execution in both areas. They highlight the need for financial education to set realistic expectations and develop income plans. They also discuss the key steps in retirement planning, such as saving early, compounding interest, halftime adjustments, the two-minute drill, and perfecting the play action pass. They address the psychological shifts and mindset necessary for successful financial planning, including managing cash flow, changing spending habits, and understanding the psychology of money Longworth also addresses listener questions about retirement planning, including the importance of having a plan even if there are no heirs, the steps to take when selling a business before retirement, and the options for saving for retirement without a current plan in place. He encourages listeners to reach out for personalized advice and guidance.
Call Chris Longworth and the team at The Financial Education Group at 800-719-7917 or visit wealthdefender.com.