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Simple Step: Spouse Goals
36 Plays4 days ago
In this engaging episode of the Uncommon Wealth Podcast, host Phillip Ramsey delivers insightful advice on maintaining a clear focus on personal and financial goals. Emphasizing the importance of open communication and reflection, Phillip challenges listeners to engage in meaningful conversations about what truly matters to them in life.
Phillip outlines a thoughtful strategy involving goal-setting discussions, particularly between spouses, to ensure that personal values align with financial decisions. He emphasizes the danger of losing sight of personal goals when dealing with financial advisors and proposes a proactive approach to dealing with personal finances. By understanding the "why" behind their aspirations, individuals can carve an uncommon and rewarding path.
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Transcript
Introduction to Uncommon Wealth Podcast
00:00:00
Speaker
Everyone dreams of living an uncommon life and the best asset you have to achieve your dreams is you. Welcome to the Uncommon Wealth Podcast. We're going to introduce you to people who are living uncommonly. We're also going to give you some tools and strategies for building wealth and for pursuing an uncommon path that is uniquely right for you.
Meet the Host: Philip Ramsey
00:00:26
Speaker
Hello and welcome everybody to another episode of the Un-Common Wealth Podcast, where I'm your host, Phillip Ramsey. Today, we're coming at you, or I'm coming at you with a simple step, and here is my challenge to you.
The Power of Goal Setting as a Couple
00:00:39
Speaker
At the end of every call that I have, like an introductory call or a get to know you meeting as I like to call it, um I always challenge whoever I'm talking to is, hey, go on a date night if they're married with your spouse,
00:00:53
Speaker
and try to walk through and talk through and write down what your specific goals are. What are your things that you're both excited about or what are the things you're excited about? Talk it over with your spouse and then write it down. Here's why I think that's valuable because whenever you go to see a financial advisor or a planner or whoever you want to go see in the financial world, I just don't want people to lose the focus of what is truly important to them. And a lot of times people in my specific industry will tell people what they should have or what they think that they should have, and they forget to ask them what their goals are. So if you come to a meeting,
00:01:35
Speaker
with your financial advisor, with your goals, it's gonna be a lot harder for him to be like, well, this is what you need, or this is what you need, unless he can tell you how it points back to a specific goal that you have.
Aligning Financial Goals with True Desires
00:01:47
Speaker
And then, what I would say if you wanna go to like 2.0, if you will,
00:01:52
Speaker
write down what you want in your goals and then talk about the why. Why is it important? And that's the real problem. I i shouldn't say problem. That's the real, I think, secret sauce of what uncommon wealth is trying to help you unpack is why are you doing all the things you're doing? Is it important to you? Is it not important to you? Why, for example,
00:02:16
Speaker
I want to open up a Roth IRA. Okay, then why? Well, I want to have tax-free money in retirement. Okay? Sounds great. What are you going to do in retirement? Well, what I really want to do is I want to help people learn how to golf and I want to teach them golf.
00:02:34
Speaker
Okay, like why are we talking about
Rethinking Traditional Retirement Plans
00:02:36
Speaker
that in retirement? Why aren't we doing that right now? So what could we be doing right this instant to be able for you to then get in, start pouring into some kids, teaching them how to golf or teaching whoever how to golf, whatever your passion is. How is these retirement accounts really helping you do that? And if you think about it,
00:02:55
Speaker
My challenge is, well, why can't we just do that sooner? Or why can't we think about this in a little bit different path or way and get get exactly
Challenge: Think Bigger and Unconventional
00:03:04
Speaker
what you want? So sometimes I think the best best thing that we do at Uncommon Wealth is just challenge people. We challenge people to really think, why are you doing what you're doing?
00:03:14
Speaker
What else could you be doing? And can you think a little bit bigger or think a little bit more uncommon and and get both of the things that you want? Get more than what you actually plan for, more than just a Roth IRA to tax free retirement. Hey, let's just really talk about what really gets you excited. And I've never, when I've dove down and and really asked the questions, I've never seen anybody who's like, oh yeah, I really need a Roth. They might might think a Roth is a fine.
00:03:41
Speaker
investment, but it really, it's just part of the triage of things that they think they need to do in order to be in ah in a better spot.
Conclusion: Be Uncommon
00:03:50
Speaker
So, that's my simple step for you. Write down your goals and then ask yourself why. Also, it'd be a fun date night for you and your spouse. So, there's that too. Thanks for listening. You've been listening to the Uncommon Wealth Podcast. I've been your host, Philip Ramsey. Until next time, be in common.
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