Episode 56

Published on:

10th Aug 2020

Financial Planning is Personal and You should Start Now!

Failing to plan is planning to fail. There’s no better time to plan your finances than now that you’re learning about it! 

When you’ve created a financial plan, it’ll be easier for you to make decisions financially and of course meet whatever goals you have. 

Though some people decide to do it on their own, you may want to seek out the help of a financial professional to help you stay on track, secure your financial wellbeing, and reach financial planning success!

In this episode, I’m going to deep dive into what financial planning is, why it’s personal, and why it’s very important. I’m also going to touch on the differences between financial planning and investments, and why I made the transition from commission-based, to fee-based, and finally a fee-only financial advisor!


>> What is financial planning?

>> The 7 Steps of Financial Planning

>> The personal side of financial planning

>> Investments and financial planning are 2 different things, here’s why!

>> The reason why I made the shift to fee-only advisors

>> The difference between, commission-based, fee-based, and fee-only financial advisors

If you loved this episode, you have to listen to these episodes as well:

>> The Importance of Financial LIFE Planning

>> No Need to Worry, My Accountant Handles That

>> Financial Planning for Families of Color with Ajamu Loving Ph.D., CFP®


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Let's Continue the Conversation! Head on over to the Facebook Group and let’s discuss how we can change the complexion of wealth (https://www.facebook.com/groups/423846561552747/

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com Can't wait to meet you.

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About the Podcast

Minority Money
Changing the Complexion of Wealth
The Minority Money Podcast is about finance, family, fitness/health, and education and how all of these things affect your overall wealth.

About your host

Profile picture for Emlen Miles-Mattingly

Emlen Miles-Mattingly

Emlen Miles-Mattingly is the CEO and founder of Gen Next Wealth. He spends much of his waking day striving to bring more value to the table for his clients, with the goal of helping them align their money with their values. Ultimately working with clients to make a lifetime of smart decisions with their resources.
With nearly 19 years of experience in the financial services industry, he decided to leave the large corporations and start his own independent firm. It is his passion to keep the client's best interest in mind when making recommendations. Everyday Emlen wakes up knowing he has an opportunity to learn something new and is excited to share what he has discovered with people in need of it. He has a bachelor’s in business administration and is currently enrolled in coursework to obtain the CERTIFIED FINANCIAL PLANNER designation.
Emlen was born and raised in the small town of Madera, CA this is also where the firm is located. He is married to Maricela and they have 4 children Jada, Mia, Emlen II, and Ecella. We have a very active life, we enjoy working out, hiking, craft beer and escaping to the coast whenever possible.