In this episode of the Mindful Millions podcast, host Cristina Perez and Jesse Cramer delve into the intricacies of financial planning models. They discuss the differences between fee-only, fee-based, and hybrid advisors, emphasizing the importance of transparency and understanding how advisors are compensated. The conversation also explores the DIY approach to financial planning, the pros and cons of various models, and how to choose the right financial advisor for individual needs. The episode highlights the significance of education and awareness in navigating the financial landscape, ultimately aiming to empower listeners to make informed decisions about their financial futures. TakeawaysFinancial freedom is an inside job.Understanding how advisors get paid is crucial.The fee-only model eliminates conflicts of interest.Transparency is key in financial advising.Different financial planning models cater to different needs.The DIY approach empowers individuals to take control of their finances.Education is vital in financial planning.Not all advisors are the same; choose wisely.Pros and cons exist for every financial planning model.Engaged clients lead to better financial outcomes.Chapters00:00 Introduction to Financial Planning Models05:49 Understanding Fee-Only vs. Fee-Based Advisors10:32 Exploring Hybrid Models and DIY Financial Planning15:47 Pros and Cons of Fee-Only Financial Planning20:50 The Role of Insurance in Financial Planning25:35 Navigating Complex Financial Situations30:45 Choosing the Right Financial Advisor35:25 Final Thoughts on Financial PlanningConnect with Jesse Cramer: LinkedIn: https://www.linkedin.com/in/jesse-cramer-11b58155/Work with Jesse: https://bestinterest.blog/work/ Blog: https://bestinterest.blogPodcast: https://bestinterest.blog/personal-finance-for-long-term-investors/Further Reading Article Mention:  "19 questions to ask your Financial Advisor" Article by Jason Zweig: https://jasonzweig.com/the-19-questions-to-ask-your-financial-adviser/Work with Cristina:Ready to take the next step in aligning your finances with your values? Visit mindfulmillions.co to learn more and connect with Cristina.Follow along for more:Stay inspired and empowered—follow Cristina on TikTok, Instagram, LinkedIn, YouTube, and Facebook @mindfulmillionsmgmgtView Legal Disclaimers 

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