Investments, insurance, and even debt are financial tools that can help in wealth building when used effectively. Ben McKain, Financial Advisor with Northwestern Mutual, brings over 4 years of experience to the conversation. This episode dives deep into debt management, saving, asset allocation, and much more! Come join the conversation and let's grow together. Don’t forget to grab the free 5 Step Process to Goal Tending download at https://goalswithwill.com
Get ready for the first ever Goal Get It Resource Event on January 6th from 4-7pm in Louisville, KY. I’ll be joined by Amber Jones (Owner and founder of Prepping with Peppers), Ben McKain (Financial Planner), Amy Wilson (Fitness and Nutrition Coach), Alaina Newman (Therapist), and Dustin Mistelske (Mortgage Lender) to have live conversations about personal goals from every aspect. You will have the opportunity to ask each speaker questions and connect one on one with the resources you need to reach your goals. Light refreshments will be provided. Don’t miss this opportunity to get all the motivation, knowledge, and resources you need to accomplish your New Year Resolutions! A limited number of tickets are available through Eventbrite. https://www.eventbrite.com/e/goal-get-it-resource-seminar-tickets-738104549577?utm-campaign=social&utm-content=attendeeshare&utm-medium=discovery&utm-term=listing&utm-source=cp&aff=ebdsshcopyurl

Key Points
*Having a financial plan is going to determine how you do and manage everything revolving around money
*Asset allocation is like baking a cake. If you have too many eggs or not enough sugar it will affect your desired outcome
*Financial planners help with accountability
*There are conflicting ideologies about debt. Learn about them and make decisions based on your level of risk tolerance
*Debt is a tool that can only be effective if used properly
*The difference between "good debt" and "bad debt"
*You have to spend less than you make to have money to save
*Treat saving money like paying a bill
*The discomfort of budgeting outweighs the anxiety and stress you will have in the future if you fail to effectively manage your money
*Habits are more effective when you sustain them for longer periods
*It’s natural to allow emotion to impact how you manage money
*The biggest money problem is saving enough
*If you don’t have some of your savings working for you, you lose purchasing power
*Have access to money in different places in order to open more options for your financial future
*Start teaching kids about money as early as possible
*Talk about money and budget around your kids
*The sooner you find a financial advisor, the sooner you can benefit from it
*Life events are a good catalyst for creating a financial plan
*Stretching your money to last beyond retirement is just as important as the planning you do to get there
*When you reach the finish line of a goal it’s time to head toward a new finish line
*Get a financial advisor who can also help with planning
*Your plan should align with what is truly important to you
*Your priorities will get your money; get clear on your priorities
 
Chapters:
00:00 Introduction
01:24 Goal Get It Seminar
01:51 Meet Ben
07:31 Understanding Asset Allocation
13:34 Risk Aversion
15:20 Thinking of Debt as a Tool
21:53 Tips for Saving Toward Big Goals
28:37 Common Habits for Effective Money Managers
34:32 Common Money Problems
37:09 What is Savings
38:48 Thrift Savings Plan in Retirement
45:15 What is a Good Age to Start Teaching Kids About Money
50:23 When is the Best Time to Get a Financial Advisor
53:48 Post Retirement Planning
57:29 Keys to Financial Success
60:45 Connect with Ben
61:37 Goal Get It Resource Seminar
62:16 Closing
 
Links
https://goalswithwill.com
https://www.linkedin.com/in/benjaminmckain/
https://www.northwesternmutual.com/financial/advisor/ben-mckain/
Ben’s office number:
502-562-2423
 
Books
Atomic Habits
Total Money Makeover
Rich Dad Poor Dad
Money: Master the Game

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