Amanda Kish, a financial planner specialist with The Motley Fool, joins Motley Fool Co-Founder Tom Gardner to discuss how to build a financial plan.
In this episode, they cover:
- How to understand yourself as an investor.
- The key financial planning steps that new parents should take.
- How often you need to revisit a financial plan.
- The circumstances in which you may want professional financial planning advice.
To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on Jan. 15, 2022.
Tom Gardner: There’s almost a dark valley that we travel through as adults from the day we graduate high school and don’t realize that we’re the CEO of our financial lives forever more, all the way through to when we have children and start to realize, wow, it’s not just me, I’ve got responsibilities and I need to have a plan.
Chris Hill: I’m Chris Hill, and that was Motley Fool’s CEO Tom Gardner. Think about how much time you spent planning your last vacation. Now, ask yourself, how much time have you spent planning your financial future? On this episode of Motley Fool Money, Amanda Kish, a financial planning specialist joins Tom Gardner to discuss one of the most important and underappreciated parts of our investing journeys, building a financial plan. They talk about the key steps you can take and how to get started.
Tom Gardner: Imagine that you’ve decided to go camping with your family or a couple of friends. Let’s suppose you’ve chosen Grand Teton National Park in Jackson, Wyoming. It’s a sunny day in April, and you park your car and you meet up together at the Craig Thomas Discovery and Visitor Center. You’ve got the entire week ahead. You make your way up Taggart Lake Trail with the dream of seeing the world from a top Grand Teton at more than 13,000 feet in the air. There’s one problem; …….