Description
In this podcast, Lara, the owner of My Future Plan, discusses her motivation to become a financial advisor and her dedication to financial literacy as a key to living a fulfilling life. Addressing misunderstandings around financial services, Lara emphasizes the importance of seeing financial advisors as a normal part of life, just like having a doctor. She delves into details about investing, avoiding the pitfalls of chasing returns, and the challenges of scaling in the financial advisory profession. Lara also discusses her vision of normalizing the role of financial advisors in New Zealand and making 'My Future Plan' New Zealand's most trusted advisors.
Guest Details: https://myfutureplan.co.nz/
Chapters
00:00 Introduction
01:10 The Meaning of Life and Self-Actualization
03:08 A Personal Journey: From Burger King to Financial Freedom
05:15 The Traditional Life vs. A Better Way to Live
07:41 The Power of Passive Income
11:08 Understanding Managed Funds and Investment
12:33 The Challenges of Financial Planning
21:19 Understanding the Emotional Aspect of Finance
21:42 The Gap in Financial Education
22:39 Personal Financial Struggles and Lessons
23:08 The Importance of Financial Planning
23:23 The Misconceptions about Mortgages
24:26 The Role of a Financial Advisor
25:07 The Value of a Financial Advisor
25:48 The Different Types of Financial Advisors
27:31 The Future of Financial Advising
31:56 The Challenges in the Financial Advising Business Model
39:32 The Importance of Building Relationships with Clients
41:43 Overcoming Bottlenecks in Financial Advising