Comprehensive Financial Planning … Taxes, Will, Financial, Real Estate, etc.

ABOUT THIS EPISODE

Why looking at your entire financial situation is critical to your overall financial health. Learn why a growing portfolio is only one part of a balanced and productive life.

Welcome to the build your life podcast with John Browning. Build your life as a relaxed and unedited conversation with financial expert John Browning. John's the founder of Guardian Rock Wealth, with offices in Hawaii, Colorado and Illinois. John's also the author of the book build a life, not a portfolio, a guide to your financial future based on your personal values, which you can purchase on Amazon, or stay around to the end of today's show and I'll tell you how to get a freak copy mild right to your door. I'm Michael Dlan, your host for the next few minutes as we chat with financial expert, business owner and author John Browning. Well, John Browning, welcome back to another great episode of Your podcast. I hope you're having a phenomenal week. It is phenomenal. It's been a lot of fun. We've got some family that's coming in and so we're enjoying that a little bit before the holidays which are coming right up, and so it's been a lot of fun. That's great. I am glad to hear that, and we're going to have some...

...fun on this episode because we are talking about one of your favorite topics, John, and that's comprehensive financial planning and it makes my eyes roll because you know me well enough, finances and things are just not my Gig, and that's why I love talking to you, because you really you're really passionate about you really good at it. But comprehensive financial planning of taxes and wills and real estate, and how do you put it all together and make any sense, help us understand what that is? In how do you help people with a comprehensive approach to financial planning? And you know this. This is an important concept that very few people really understand. You know, you say we do comprehensive financial planning and they're like okay, yeah, fine, then they don't really get it, and so it's important to me that people understand what it means. And so, just very basically, it's it's everything that impacts your financial plan in your future. So it's not just your wealth management,...

...it's not just, you know, buying stocks, bonds or other instruments that that, you know, build your portfolio. But, like my book says, it's about building your life, not just your portfolio. And of course you know that's my tagline. Is what I'm passionate about and so the first thing that we do in comprehensive financial planning is listen. HMM, we stop and we listen to the clients. We get to know them, we ask them why and we ask them why again and, you know, several different times, and we get down to the core of who they are, what they believe, what they want and why they want it. And then, of course, how they're going to get there. And it's not just about building their portfolio, but it's about retirement planning. But not just retirement planning, it's how do you have a life while you're planning for retirement? You...

...don't want to get to retirement realize you had no fun at the whole time getting there. That's right, because we're not guaranteed tomorrow and we're not guaranteed anything, so don't not have any fun at all. That's right. Yeah, so along the way, that's right. Vacation Planning. What are your goals before retirement? Maybe it's travel, maybe it's you know some experience, maybe it's I really want to have that second home or that boat or whatever it is. Let's work on some of those shorter term goals as well. Educational Planning. If you've got kids or for yourself. How do you save up for those expenses? Maybe you want to start a business. So how do I start a business in and you know I've done that a few times, more than a few times actually, and so I can help you. Talk to you about how you start planning to start a business and what things you need to think about. Small midsize business is something that we can also...

...do financial planning for not just the individual but for not for profits and complimes well. Well, and in my life, you know, my eldest son married a year ago. I'm expecting your grandchildren in the next three to five years. I'm sitting here to going. I need to start planning. He lives in California, by the way, and I live in Arkansas. Okay, I'm planning now to start putting money away now so I have a travel fun because I'm going to want to be there regularly and that's not a cheap trip, right. So it's something even as simple as that to build my life to go. I just want to be around my grandkids a couple three times a year. Yeah, so that's part of a comprehensive plan, right. That's part of it exactly. And and you know, those are those are all the big pieces, right and and in between those pieces there goes a lot of other things and and we've talked about some of these before on the podcast, such as should you set up a will trust? What type...

...of trust? You look at the real estate, because real estate can be an enormous part of a person's overall wealth, and how do you mitigate against the risk of real estate? How do you help build it? Build at the right times, whether the tax implications, tax planning, legal planning, insurance planning. You know, we don't sell insurance. We don't. We're not lawyers, were not CPAS, but we build that team around us and hence they're your team as a client so that you get im protunce a financial plant planning. It's not just about your portfolio, but it's about all those other things that some of them protect you, some of them save you money, some of them make you money, but they're all part of the comprehensive financial planning process. You know, and I love what you just said, they're there. It's not just re portfolio, because we've all watched the movies and talk to people. I was your portfolio doing well at one level and...

...this may be blasphemy, but at one level it really doesn't matter if it's not comprehensive, because I may have a great portfolio of stocks, but over here this part of my financial aspect, my real estate or whatever it is, stinks, or I haven't set up the proper wills and living trust that we talked about a couple episodes ago, or I'm paying on credit card. That right. What you're talking about, if I'm if I'm hearing you, is the comprehensive financial planning takes all of that in the consideration to say, really, how's your overall financial plan and strategy for your life? Are you living the life of your dreams right now and are you planning to live the life of your dreams until the day you take your last breath? Right, Gouldn't I said it better myself? That's exactly right. That last thing you just said perfect. All right, we should record these and you know, just use Oh, it's a podcast, it is recorded. Well, good, I'm glad, because that that really I mean, that makes a lot...

...of sense. Too many times we just segment different things and we don't put it all into the big picture, and that's really why you help people do and I'm just always amazed, John, as just all the and we all do it in our in our own niches. Right, how much information is in that little Nagga and of yours that you, I mean small business. I hadn't even really thought about if somebody wants to start a small business, you could have a discussion for a good hour to say, okay, here's what you need to do and you could just lay things out because you've done it multiple times. Okay, well then, when you do that, here's what you need. You're here and here's what you need to do over here. And Oh, by the way, you need to pull in your CPA in your guardian rockwealth has it has it all. I mean, I hate to say you're a onestop shop at your you're kind of, in a sense, that boutique shot that, but I love where he started. You listen, most important thing. It really is. It really is, and we are not trained to listen. So you've obviously done a lot of work over...

...the years. But and and then you went to the next thing, which I tell you know, I tell people all this when I talk to people as like I want to ask you why five times because I want to get to the real answer right, and you, it sounds like you do the same thing, to understand. Well, why do I want to make a million dollars here? Well, why do you want that? Why do you want that? Right, we talked about this a few episodes ago. Butcher Harley. Why do you want Harley, John? Why did you buy the Harley? You Butt? John, there's there are deep seated reasons why we want to do what we do. We've talked about emotions and how that all impacts it. That comes from listening, and to be a good listener you got to ask great questions. I know you. I know you ask great questions. So all of that plays into having having a comprehensive financial plan. And though it sounds complex to somebody like me, it's really simple for somebody like John because he does it all day, every day. So let me just encourage your listeners, John, to reach out Guardian rockwealthcom and schedule call with a John. A phone call is zoom call, and just begin a...

...conversation and see where it goes, because he's in a unique spot to be able to help you make some sense out of things, figure out what's going on today, start planning for tomorrow and the tomorrows of your life and really put together a comprehensive financial plan that is probably easier to put together than you might imagine. I just I think it's way cool, John. So thanks for doing what you do and having the passion that you have. Great, great, like I said, we love doing what we do. Yep, and it fun to do what you love to do every day. Absolutely awesome. All right, we'll talk to you again. I think probably next week. Right, that's right. Okay, talk to you soon, buddy by by. You'll see, yeah, money really is a big part of our lives and John Browning can help you and your family learn how to keep money in the proper perspective. It's important, but it's only a tool that could help you build the life that you want. If you like, John Emilie...

...a free copy of his book build a life, not a portfolio. Go to John's website, Guardian rockwealthcom, and click the contact to US link and send your request. John Will Mell a copy of his book right to your door absolutely free. Thanks for listening to building your life podcast with John Browning. Be Sure to subscribe to this podcast so each new episode will be sent to you automagically when it's released. Have a terrific day.

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