What If Your Financial Advisor Helped You With More Than Your Investments?Most of us think of financial advisors as people who help us invest, plan for retirement, and grow our wealth. But what if some of the most important financial work has less to do with choosing investments?In this episode of Money and You, Michelle talks with Jonathan Steele, founder and Chief Investment Officer of One Wealth Advisors, about a subject they both believe is fundamental to financial well-being: your relationship with money.Jonathan brings more than 25 years of financial-industry experience to the conversation, but his approach goes far beyond investment management. He believes financial professionals can help clients understand the emotions, beliefs, family dynamics, and behaviors that influence the way they use money.Michelle and Jonathan explore where our money behaviors come from, why financial knowledge alone isn't enough to create good financial outcomes, and how money patterns can travel through families and generations.They also discuss why getting the financial basics right matters, how couples can create healthier conversations around money, the growing risks of online gambling, and why a trusted financial professional can become an invaluable resource during life's biggest transitions.In This Episode, You'll Learn3:20 — From professional cook to financial advisor: Jonathan's unconventional career path and the surprising transferable skills that helped him build a career in finance8:56 — Serving the "working wealthy": Why Jonathan and his brother built their practice around people navigating new wealth, liquidity events, and changing financial circumstances10:36 — What Jonathan means by "financial therapy": Why understanding your emotions and history with money can be just as important as knowing what to do with it13:47 — The financial scaffolding everyone needs: Why simple principles like managing debt and balancing spending, saving, and sharing can create a stronger financial foundation16:22 — How parents can help adult children with money: Why creating an open space for conversation may be more effective than trying to dictate financial decisions19:48 — How money patterns travel through generations: What Jonathan notices when he works with grandparents, parents, and adult children within the same family23:46 — Repairing difficult money relationships: How a trusted third party can sometimes help families unwind years of financial tension26:19 — Social media, spending, and financial temptation: Why knowing yourself matters when you're constantly being encouraged to want, buy, and invest in something new31:49 — Signs your relationship with money may need attention: Fear of investing, holding excessive cash, overspending, and complicated debt can all reveal something deeper32:49 — When one partner handles all the money: How financial disengagement and even financial infidelity can develop—and why bringing both partners back into the conversation matters35:00 — Why financial change often needs to happen gradually: Helping people discover their own blind spots can work better than simply telling them what they're doing wrong42:32 — A broader vision of financial advice: Why investment management, taxes, estate planning, insurance, education planning, and financial behavior shouldn't always operate in separate silos49:05 — Lean on people and resources you trust: Why technology can help, but strong human relationships remain incredibly valuable when you're navigating financial challenges50:55 — Is it ever too late to change your financial life? Jonathan's answer: no. Even when a financial situation feels overwhelming, seeking good advice can reveal options you didn't know you had.The Financial Basics Aren't Exciting—But They MatterOne of the most important themes in this conversation is also one of the least glamorous: the basics matter.Before chasing the newest investment, financial product, or idea you heard about online, Jonathan recommends creating what he calls financial "scaffolding."That includes understanding debt, spending less than you earn, saving consistently, investing appropriately, and knowing what you're trying to accomplish with your money.Jonathan also shares a simple framework he encourages families to introduce even to young children: spend, save, and share.These principles may not generate the excitement of the latest investing trend, but they're what give you a foundation from which to build real wealth.Your Money Story Didn't Start With YouOne of the most interesting parts of Michelle and Jonathan's conversation is their discussion of how financial behavior travels through families.Fear, scarcity, overspending, avoidance, secrecy, and even extreme frugality don't necessarily begin with the person exhibiting them.Our experiences growing up—what we heard, observed, worried about, or weren't allowed to discuss—can become part of our ...
続きを読む
一部表示
48 分