Podcasts about sudden money institute

Dive deeper with Susan and Rick as they continue their captivating conversation. Explore how Susan's work with financial planners empowers financial therapists. They'll delve into the future, questioning the role of Artificial Intelligence and championing the power of Authentic Intelligence in both professions. Get ready for insightful perspectives and a glimpse into the evolving landscape of financial wellness.#money #values #financialplanning #financialtherapy #financialpodcast #rickkahler #discussingmoney #relationship #psychology #financialbehaviors #moneyscripts #emotions #sarahbradley #financialtransitions+ Website for Podcast: https://thefinancialtherapypodcast.com+ Website for Financial Therapy Appointments: https://advanced-wellbeing.com+ Website for Financial Planning Appointments: https://kahlerfinancial.comAbout Susan Bradley:Susan Bradley, CFP®, CeFT® is the founder of the Sudden Money® Institute (www.suddenmoney.com), which began in 2000 as a community of practice seeking to build a universal and repeatable financial planning model for clients facing life transition events. This think tank has created the tools and process for the humane side of managing financial change and the Certified Financial Transitionist® (CeFT®). The Financial Transitionist® Institute is the training, coaching and certifying division of the Sudden Money Institute. There are now CeFTs in five continent, serving a wide rang of clients using many different business models. The focus for 2023 is a public awareness campaign on the importance of Transitions Literacy and the value of expert advice during life changing events. Susan has served on the FPA's National Board of Directors, she has served on the National Football League's Players Association's Financial Education Advisory Board, and she serves as the Dean of Transitions for the Council of Deans of the Purposeful Planning Institute. She is a founding member of the Nazrudin Project studying the psychology of money since 1994. She is seen and heard frequently in the national media, including NBC's Nightly News, CNN, NPR, The Wall Street Journal and The New York Times. She is the author of Sudden Money: Managing a Financial Windfall (Wiley 2000), Shaping Change, How To Respond When Life Disrupts Your Retirement Plans, and her TEDx Wilmington Women talk is called, “Change launches you into the next great chapter of your life, whether you like it or not.” A podcast that blends the nuts and bolts of financial advice with the emotions that drive making them.Rick Kahler, CFP®, CFT-I™, has helped people make better money decisions by integrating financial planning. He blends the nuts and bolts of financial advice with the emotions that drive making them and shares them on his financial therapy podcast.

Summary Ross Marino is the founder of Transitus Wealth Partners and the founder & CEO of Advisor 2X which organises and hosts global leading human first financial conferences such as SHIFT. He is a passionate advocate for Human-First Financial Guidance and author of the brilliant book Shaping Change: How To Respond When Life Disrupts Your Retirement Plan. He is a Certified Financial Transitionist and a key member of the Sudden Money Institute. In this episode Ross and I discuss the importance of flexibility, adaptability, and resilience in retirement and reveal how these qualities are crucial because our decisions are shaped by our experiences and learning, making them rational to us. We talk through why Ross believes that being open to change and adapting to new circumstances is key to navigating retirement successfully. Furthermore, Ross and I discuss the freedom and agency that retirement brings, emphasising that after decades of constraints on resources like time, energy, and money, retirement allows individuals to make their own choices. Whether it's continuing to work, pursuing hobbies, or spending time with family, retirees have the ability to determine how they want to spend their time and resources. This newfound freedom is seen as exciting and empowering. Useful Links Ross's book Shaping Change: How To Respond When Life Disrupts Your Retirement Plan Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step Retirement Toolkit Subscribe to my fortnightly newsletter Stay The Course Connect With Ross LinkedIn X / Twitter Connect With Me TFP Financial Planning LinkedIn X / Twitter Book in a chat if you want a second opinion about your retirement planning. Email at dan@tfp-fp.com www.humansvsretirement.com  

Summary Dr Moira Somers is the founder of Money, Mind and Meaning, a renowned psychologist, neuroscientist, and family wealth consultant that specialises in the psychology of money. She is a faculty member at the Ultra High Net Worth Institute and at the Sudden Money Institute and leads the Financial Psychology Special Interest Group for the American Psychological Association. In this episode Moria and I discuss a number of key challenges when it comes navigating the complexities of life after work and in particular i tap into Moira's neuroscience background to talk about cognitive decline and how we can think about keeping our brain sharp and healthy throughout retirement Useful Links Money, Mind & Meaning Moira's brilliant book Advice That Sticks Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step Retirement Toolkit Subscribe to my fortnightly newsletter Stay The Course Connect With Moira LinkedIn X / Twitter Connect With Me TFP Financial Planning LinkedIn X / Twitter Book in a chat if you want a second opinion about your retirement planning. Email at dan@tfp-fp.com Find out more by visiting www.humansvsretirement.com  

Caleb and Riley are joined by Susan Bradley, the Founder of the Sudden Money® Institute. For 16 years Susan has been teaching people how to successfully navigate the big and small transitions in life. She is the author of Sudden Money: Managing a Financial Windfall, and TEDx Wilmington Women talk called, “Change launches you into the next great chapter of your life, whether you like it or not.” Learn more about: How to navigate major life transitions for a more fulfilling retirement experience. The different phases of retirement transition and how to effectively approach each stage to ensure a smoother and more enjoyable journey. Insightful advice and practical tips from an expert on managing expectations, making well-informed decisions, and involving family and support networks during the retirement transition. Resources: Sudden Money Institute Website TEDx Susan Bradley: “Change launches you into the next great chapter of your life, whether you like it or not.” TEDx Kelly McGonigal: How to make stress your friend TEDx Dr. Carol Dueck: “The power of yet” Liminal Space Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts

Courtney Pullen is the President of the Pullen Consulting Group with more than 25 years of experience in individual and family coaching. In this revisited episode, Courtney joins us  to explain the importance of teaching financial literacy as early as possible to your children. He says that it would help if you were intentional when talking about wealth and finances with your family. Plus, Courtney explains how to pass on the proper values to your children around wealth. Tune in as we chat about grit, teachable money moments, and dealing with your own money issues.   IN THIS EPISODE: [01:50] When are kids ready to hear about how much money is in your family?   [04:20] You need to be intentional when it comes to talking about money.  [09:30] How wealth can hinder the process of instilling values to your children.  [12:30] We need to not deprive our children of the opportunity to earn.  [21:20] An example of how Courtney promotes grit into his children.    KEY TAKEAWAYS: You need to teach your kids financial literacy from a young age; the sooner, the better!  Let your kids make money mistakes; anything can be a great teachable moment. Define the purpose of your wealth; that way, you can pass on the proper values in your children.  Parents need to deal with their own money issues before teaching their children about money.  LINKS MENTIONED: Website www.PullenConsulting.com   LinkedIn https://www.linkedin.com/in/courtney-pullen-54a1035/ BIO: Courtney Pullen M.A. is the President of the Pullen Consulting Group.  He has more than 25 years of experience in individual and family coaching, business and management consulting, leadership development, communication, and team building.   Courtney received his graduate degree in Psychology from the University of Northern Colorado in 1983.  He was a Clinical Associate at the School of Professional Psychology at the University of Denver and an Adjunct Professor at the University of Colorado at Denver.  Courtney also spent 17 years as a Senior Consultant with Conversant Solutions, a Communication and Collaboration Consulting firm to Fortune 100 Companies.    Courtney has lectured frequently, conducted numerous workshops, and been published in the areas of individual and organizational change, behavioral finance, communication, and family wealth dynamics.  He is a former contributing editor to the Journal of Financial Planning and the Journal of Practical Estate Planning and is a faculty member of the Sudden Money Institute.  He also holds Fellow status in the Purposeful Planning Institute and is a graduate of the Newfield coaching program.    He has spoken at regional and national conference of the Financial Planning Association (FPA), National Association of Personal Financial Advisors (NAPFA), Investment Management Consultants Association, (IMCA), and Young Presidents' Organization (YPO), as well as estate planning symposiums and family foundation conferences.   His primary focus is as a consultant to financial services firms and affluent families.  He is the author of Intentional Wealth: How Families Build Legacies of Stewardship and Financial Health.  He is also on CPWA faculty at the University of Chicago Booth School of Business.

Susan is the Founder of the Sudden Money Institute. She and Louis discuss why the time is ripe for the financial planning profession to become aware of the human side of life transitions. Susan Bradley LinkedIn: https://www.linkedin.com/in/susanbradleycfp/ Sudden Money Institute Website: https://www.suddenmoney.com/ For more information on PortfolioMetrix, reach out to our team, or visit our website: http://www2.xyadviser.com/8sbn5e Commspace: To see what the leading financial adviser revenue management solution can do for you, book a demo. http://www2.xyadviser.com/owcp1z Join the Ensombl platform: App Store: http://www.ensombl.com/apple Google Play: http://www.ensombl.com/google Desktop: https://www.ensombl.com/ General Disclaimer – https://www.ensombl.com/disclaimer/

Retirement is one of the most significant changes that you will manage in your life. It takes not just careful financial planning, but also careful life planning as well. 

Susan Bradley, CFP®, CeFT® | Founder of the Sudden Money® Institute Introduction: Join us as we dive into the world of financial transitions with Susan Bradley, the founder of the Sudden Money® Institute. Susan's 20-year journey has been dedicated to helping individuals navigate the financial changes that come with life's transitions. With her motto, “when life changes, money changes, and when money changes, life changes,” Susan has developed processes and tools to help people understand the impact of sudden changes in their financial lives. Why You Should Listen: During this episode, Susan shares her expertise on navigating financial transitions and how taking a deeper look at change can help us understand ourselves and our money stories on a deeper and richer level. We discuss the four stages of financial change and how we can apply them to our lives. You will learn why it's important to recognize the change in our lives and pay special attention to how it impacts our financial lives and the importance of thoroughly understanding how to navigate financial transitions. Key Learning Points: - Understanding the impact of sudden changes on our financial lives - The importance of recognizing change and its impact on our finances - Navigating the four stages of financial change (anticipation, ending, passage, new normal) - Understanding how to navigate financial transitions Quotes: - “Change can happen quickly, transitions take years, yet their impacts transform” - Susan Bradley - “When life changes, money changes and when money changes, life changes” - Susan Bradley

In this episode, Jacqueline Roessler, CDFA® and renowned financial planning visionary, author, speaker and founder of the “Sudden Money Institute”, Susan Bradley discuss recognizing and respecting the stages of trauma when working with divorcing and divorced clients. Even though the world thinks clients should be “over” their divorce within the first year, divorce financial planners know that the transition to a happy new “normal” can take years versus months to achieve. Susan provides practical tips for making the working relationship between divorce clients and their advisors (legal and financial) more effective and productive along the road of the divorce transition. Susan is seen and heard frequently in the national media, including NBC's Nightly News, CNN, NPR, The Wall Street Journal and The New York Times.We will discuss:The stages of divorceSettlement Stage: occurs during the divorce processEnding Stage: handling all the new financial aspects that need to be addressed after the divorcePassage Stage: A critical time of adapting/adjusting and rethinking what you really want - can last 3-5 years. New NormalHow to make financial decisions during all stages of transitionResources:Find out more about the Sudden Money Institute  HEREWatch Susan Bradley's TEDX talk HERESusan Bradley's groundbreaking 2001 book  “Sudden Money' can be purchased here: Purchase Sudden Money on AmazonSusan Bradley's new book, “Shaping Change: How To Respond When Life Disrupts Your Retirement Plan” can be purchased here “Find Susan's New Book HereFind out how Pearl Planning assists post-divorce clients transition to a successful and purposeful post-divorce life. https://pearlplan.com/financial-planning-services/financial-planning/Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Susan K. Bradley is our guest for today, she is from The Sudden Money Institute and is an expert on financial transition. In this episode, you will learn about the protocols for helping people who go through major transitions.

We're joined by two guests on today's episode of Bridging The Gap. Dave Connolly, CEO and Co-Founder of Knudge, and Dr. Moira Summers, Financial Psychologist and Executive Coach, share how they help bridge the gap between financial motivations and systems that help clients reach their financial goals.  We explore procrastination, three steps of implementation for your clients, the shared responsibility of implementation, what works and what doesn't work when it comes to helping your clients reach financial goals, and more.  We also dive into a conversation about how simple reminders from you as the advisor can have a huge impact on your clients's financial journey.  Guest Bios: Dave Connolly, co-founder and CEO of Knudge, a platform that helps advisors manage their clients' action items and automates follow up via email, text or push notifications to encourage their clients to get more done. For over 20 years Dave has been designing and developing web based products. Former Lead User Interface Designer at Bain & Company - responsible for designing dozens of internal web based applications. More recently co-founder and CTO of HourlyNerd (now Catalant Technologies) an online marketplace that provides global enterprises access to business expertise on demand. Dr. Moira Somers is a psychologist, family wealth consultant, and executive coach based in Manitoba, Canada. She is the behavioural strategist at Knudge (a FinTech company dedicated to improving follow-through on financial advice), as well as the founder of consulting company Money, Mind and Meaning. She is the author of Advice that Sticks: How to Give Financial Advice that People Will Follow. Dr. Somers is a faculty member at the Ultra High Net Worth Institute and the Sudden Money Institute. Undergirding all of her work is her grounded and pragmatic approach to changing financial behaviours, attitudes, relationships and organizations for the greater good of individuals and society.

This Inspired Conversation is in many ways why I launched the podcast in the first place - to explore the human side of the entrepreneurial journey, every bit as much as the financial side.Let me share a quick true story to  give you some context:Did you hear about the entrepreneur who sold his business and made a fortune and was miserable? Markus Persson is a Swedish tech entrepreneur and inventor of the wildly popular game Minecraft. Starting on a laptop in his bedroom, he went on to grow the company until Microsoft made him an offer to buy the company for $2.5billion from which he personally received $1 billion.He became a billionaire overnight. And that's when his problems started.Sometime after completing the deal, he sent out a  series of increasingly desperate tweets, One said“Hanging out with a bunch of friends and partying with famous people, able to do whatever I want, and I've never felt more isolated”And another one; “The problem with getting everything is you run out of reasons to keep trying, and human interaction becomes impossible due to imbalance” Sudden Money SyndromeHe was suffering from something called Sudden Wealth or Sudden Money Syndrome, and before you say, ” I wish I had his problems; it must be so hard being a billionaire!'” you need to realise that it can be absolutely devastating for some people. Investopedia (Wikipedia of money) describes it as: “A type of distress that afflicts individuals who suddenly come into large sums of money. Becoming suddenly wealthy can cause people to make decisions they might not have otherwise made. Symptoms include feeling isolated from former friends, feeling guilty about your good fortune, and extreme fear of losing your money.”In my day job working with successful founders and entrepreneurs I've seen this play out first hand and it can be a real challenge.That's why I was so keen to invite Susan Bradley onto the podcast. Susan's the founder of the Sudden Money Institute and she's written 2 books on the subject.She's also been advising her clients and other professionals for many years on this vital and deeply complex area. In this wide-ranging conversation, Susan talks about;The importance of thinking deeply and preparing well for the transition a long time in advance - years, not weeks and months.Considering the family dynamics between spouses/ and children and how to communicate well including creating your own “Bliss List”.Why it's vital to create a “Brains Trust” and specifically, a “Thinking Partner” who can act as an independent Trusted Adviser to help you navigate the journeyThis is not a fluffy conversation, it's full of practical advice and specific steps to take before, during and after a business sale or retirement and major life transition.So if you have the ambition to exit your business successfully on a personal basis as well as a financial one you will get a lot out of today's conversation.Ladies and gentlemen, I give you Susan Bradley.Sudden Money Institute Book - Sudden Money; Managing a Financial WindfallSusan's Ted Talk Susan Linkedin This podcast is produced by GR Media Sponsored by Capital Asset Management

In today's episode, I am very humbled and delighted to interview someone whom I both admire and respect, Susan Bradley. Susan led me to a very specific training she created called the Certified Financial Transitionist® (CeFT®).  As I have mentioned in a previous podcast, I was searching for a training that would complete my personal and professional experience.  Susan's training has provided me with scientific theory behind life transitions and in my case, grief. Through Susan's training  I have completed the trifecta of personal experience, professional experience honed with scientific theory to garner tools to help clients with the personal side of money.     Susan is the founder of the Sudden Money® Institute (www.suddenmoney.com), which began almost 22 years ago as a community of practice seeking to better serve their financial planning clients by developing process and tools for the personal side of money and for clients going through transitions. This think tank created the Certified Financial Transitionist® (CeFT®) designation, and a division for training and certification called the Financial Transitionist® Institute. Susan has served on the FPA's National Board of Directors, currently sits on the National Football League's Players Association's Financial Education Advisory Board and serves as the Dean of Transitions for the Council of Deans of the Purposeful Planning Institute. She is seen and heard frequently in the national media, including NBC's Nightly News, CNN, NPR, The Wall Street Journal and The New York Times. She is the author of Sudden Money: Managing a Financial Windfall (Wiley 2000), and her TEDx Wilmington Women talk is called, “Change launches you into the next great chapter of your life, whether you like it or not.” It can be found here.If you like this episode, please subscribe to be the first to be notified of any upcoming episodes. Thanks for being part of the community.  

Courtney Pullen is the President of the Pullen Consulting Group with more than 25 years of experience in individual and family coaching. In this episode, Courtney joins us  to explain the importance of teaching financial literacy as early as possible to your children. He says that it would help if you were intentional when talking about wealth and finances with your family. Plus, Courtney explains how to pass on the proper values to your children around wealth. Tune in as we chat about grit, teachable money moments, and dealing with your own money issues.   IN THIS EPISODE:   [01:50] When are kids ready to hear about how much money is in your family?   [04:20] You need to be intentional when it comes to talking about money.  [09:30] How wealth can hinder the process of instilling values to your children.  [12:30] We need to not deprive our children of the opportunity to earn.  [21:20] An example of how Courtney promotes grit into his children.    KEY TAKEAWAYS:   You need to teach your kids financial literacy from a young age; the sooner, the better!  Let your kids make money mistakes; anything can be a great teachable moment. Define the purpose of your wealth; that way, you can pass on the proper values in your children.  Parents need to deal with their own money issues before teaching their children about money.      LINKS MENTIONED:   Website www.PullenConsulting.com   LinkedIn https://www.linkedin.com/in/courtney-pullen-54a1035/   https://oconnorpg.com/podcasts/financial-literacy-arming-the-next-generation-with-courtney-pullen   BIO:   Courtney Pullen M.A. is the President of the Pullen Consulting Group.  He has more than 25 years of experience in individual and family coaching, business and management consulting, leadership development, communication, and team building.   Courtney received his graduate degree in Psychology from the University of Northern Colorado in 1983.  He was a Clinical Associate at the School of Professional Psychology at the University of Denver and an Adjunct Professor at the University of Colorado at Denver.  Courtney also spent 17 years as a Senior Consultant with Conversant Solutions, a Communication and Collaboration Consulting firm to Fortune 100 Companies.    Courtney has lectured frequently, conducted numerous workshops, and been published in the areas of individual and organizational change, behavioral finance, communication, and family wealth dynamics.  He is a former contributing editor to the Journal of Financial Planning and the Journal of Practical Estate Planning and is a faculty member of the Sudden Money Institute.  He also holds Fellow status in the Purposeful Planning Institute and is a graduate of the Newfield coaching program.    He has spoken at regional and national conference of the Financial Planning Association (FPA), National Association of Personal Financial Advisors (NAPFA), Investment Management Consultants Association, (IMCA), and Young Presidents' Organization (YPO), as well as estate planning symposiums and family foundation conferences.   His primary focus is as a consultant to financial services firms and affluent families.  He is the author of Intentional Wealth: How Families Build Legacies of Stewardship and Financial Health.  He is also on CPWA faculty at the University of Chicago Booth School of Business.

Kathy McMillan has nearly 30 years of experience in personal financial management and is a Certified Financial Planner (CFP®), Registered Financial Planner (RFP), Certified Financial Divorce Specialist (CFDS), and Chartered Investment Manager (CIM®). Kathy is one of the first individuals in Canada to have trained with the Sudden Money Institute in Florida specifically to develop unique skills in order to assist individuals undergoing personal and financial transition and is a Certified Financial Transitionist (CeFT®). Today's topic is about The Health-Wealth Connection. In part 2 of this 2-part episode, Kathy discusses the holistic value in charitable giving, in mentoring, and in taking the first step toward financial wellbeing. How to get in touch with Kathy:Website: https://web.richardsonwealth.com//kathy.mcmillan/Email: Kathy.McMillan@richardsonwealth.comFor questions and comments about this episode, please email: danielle@mymasterpieceliving.com

Kathy McMillan has nearly 30 years of experience in personal financial management and is a Certified Financial Planner (CFP®), Registered Financial Planner (RFP), Certified Financial Divorce Specialist (CFDS), and Chartered Investment Manager (CIM®). Kathy is one of the first individuals in Canada to have trained with the Sudden Money Institute in Florida specifically to develop unique skills in order to assist individuals undergoing personal and financial transition and is a Certified Financial Transitionist (CeFT®). Today's topic is about The Wealth-Health Connection. In part 1 of this 2-part episode, Kathy discusses how to integrate holistic wellness into the money conversation to understand the needs of clients. Here, she shares examples from her experience that demonstrate ways wellbeing can positively or negatively affect healthy longevity and our finances. How to get in touch with Kathy:Website: https://web.richardsonwealth.com//kathy.mcmillan/Email: Kathy.McMillan@richardsonwealth.comFor questions and comments about this episode, please email: danielle@mymasterpieceliving.com

What you will learn:    This week's episode is one you won't want to miss. I have asked Courtney Pullen to join us and work with me and my parents, Marty and Maureen Palumbos – they hesitantly agreed.  My parents and I have massaged and updated their estate plan for several years.  At a high level the plan is for a portion of their estate to be divided among their four kids, a portion to fund a family foundation and then there is a life insurance trust designed to cover the expenses for Palumbos Family Vacation (PFV) for many years after my parents pass.  They have personally funded PFV for over 20 years as a way for the family to be all together for at least one week a year.    During this year's family meeting, it became evident that potentially not everyone wanted to continue PFV when my parents are gone – there were over 25 family members in attendance this year.  My parents are curious as to how to figure out what they should do and how do they have the conversation with the family.  They know that without a conversation PFV won't last.  So, what's next?    The idea here is to pull back the curtain and give you a glimpse at what good family coaching looks like.  I am removing myself from the advisory role and Courtney will be facilitating the entire conversation…we will see what happens.    Since I just learned in our 30-minute pre-show call that my mother isn't totally happy with their current estate plan, I'm a bit nervous and excited to see where this goes.  Now you know why we are calling this Family “Business” Unscripted.   This week's guests:    Courtney Pullen, M.A.  President, Pullen Consulting Group*    Courtney Pullen M.A. is the President of the Pullen Consulting Group.  He has more than 25 years of experience in individual and family coaching, business and management consulting, leadership development, communication and team building.  Courtney received his graduate degree in Psychology from the University of Northern Colorado in 1983.  He was a Clinical Associate at the School of Professional Psychology at the University of Denver and an Adjunct Professor at the University of Colorado at Denver.  Courtney also spent 17 years as a Senior Consultant with Conversant Solutions a Communication and Collaboration Consulting firm to Fortune 100 Companies.   Courtney has lectured frequently, conducted numerous workshops and been published in the areas of individual and organizational change, behavioral finance, communication and family wealth dynamics.  He is a former contributing editor to the Journal of Financial Planning and the Journal of Practical Estate Planning and is a faculty member of the Sudden Money Institute.  He also holds Fellow status in the Purposeful Planning Institute and is a graduate of the Newfield coaching program.   He has spoken at regional and national conference of the Financial Planning Association (FPA), National Association of Personal Financial Advisors (NAPFA), Investment Management Consultants Association, (IMCA), and Young Presidents' Organization (YPO), as well as estate planning symposiums and family foundation conferences.  His primary focus is as a consultant to financial services firms and affluent families.  He recently published, Intentional Wealth: How Families Build Legacies of Stewardship and Financial Health.  He is also on CPWA faculty at the University of Chicago Booth School of Business.  ----   *Not affiliated with Lincoln Financial Advisors Corp.  CRN-3346680-112520 The content presented is for informational and educational purposes.  The information covered and posted are views and opinions of the guests and not necessarily those of Lincoln Financial Advisors Corp.    Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances. 

Welcome to the Her Two Cents Podcast where your hosts Laura Webb and Faith Doyle come together as two female financial advisors with over 40 years of collective experience to provide a multigenerational perspective on all things money. Our goal is that through these conversations, we can normalize the way women talk about and view money. Join us as we discuss absorbing the shock of change through life’s transitions. In this episode we welcome Susan Bradley, founder of Sudden Money Institute, and talk about what happens to the brain during life’s transitions, explore tools to help and focus on how change can be transformative as well as build resiliency. To find out more about Susan and The Sudden Money Institute, check out their website at www.suddenmoney.com See omnystudio.com/listener for privacy information.

Introduction Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors (FEAs) in supporting their clients.   Description Family enterprise clients rarely want to fail at wealth transition, yet the research finds that most do. Host Ruth Steverlynck sits down with Courtney Pullen, author of Intentional Wealth: How Families Build Legacies of Stewardship and Financial Health to take a deep dive on those families—the ten percent—that manage to build lasting patterns of emotional and financial health to see the common attributes that we as advisors can learn from to help our family enterprise clients with similar aspirations for a successful transition of their wealth.   Guest bio Courtney Pullen, M.A., is the President of The Pullen Consulting Group. He has more than 25 years of experience in individual and family coaching, business and management consulting, leadership development, communication and team building. Pullen has lectured frequently, conducted numerous workshops and been published in the areas of individual and organizational change, behavioural finance, communication and family wealth dynamics. He is a former contributing editor to the Journal of Financial Planning and the Journal of Practical Estate Planning and is a faculty member of the Sudden Money Institute. He is also a graduate of the Newfield coaching program. His primary focus is as a consultant to financial services firms and affluent families. He recently published the best-selling book, Intentional Wealth: How Families Build Legacies of Stewardship and Financial Health.   Key Takeaways [0:16] Ruth introduces Courtney Pullen and this episode’s theme, the 10 percent, before a brief discussion about affluent families that fail. [3:16] Courtney touches on the difference that wealth actually makes in a family, as well as the importance of keeping in mind that all families have “stuff.” [5:50] Ruth and Courtney discuss challenges that wealthy families face, such as material limits and boundaries, and societal treatment. Courtney also shares examples of value-based boundaries as well as some issues arising from being born into affluent families. [9:54] Courtney talks about some common themes that the interviews from his book highlighted regarding the creation of wealth versus receiving wealth. [11:09] Courtney shares a story of hope as well as some practical advice for advisors about “optimal frustration.” [17:19] Courtney discusses how intentionality is the common denominator in G3+ families. [18:14] Courtney shares other common attributes that have a big impact on the successful transition of wealth, such as investing in the next generation, focusing on healthy communications and investing in the family as much as you do in the business. [22:54] How do you prepare people for receiving wealth they haven’t earned? Courtney explains the delicate balance between denial vs. entitlement. [25:32] Courtney explains how everything he has mentioned is not yet common practice and wonders if this could be the cause of the dire 10 percent success statistics. [26:52] Individual pursuits and family businesses often do not align; Ruth and Courtney speak to the importance of building empowered family relationships. [28:40] There is no recipe, but change occurs in the direction of our attention and intention. [31:13] Ruth takes a moment to recap the important points that Courtney has brought to the podcast and asks him for a last piece of advice. [35:37] Courtney shares his reading suggestions. [37:14] Ruth thanks Courtney for his time and experience and invites listeners to subscribe and tune in for the next episode.   Mentioned in this episode The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Xchange   Pullen Consulting Intentional Wealth: How Families Build Legacies of Stewardship and Financial Health, by Courtney Pullen Mindset: The New Psychology of Success, by Carol Dwek   More about Family Enterprise Xchange Family Enterprise Xchange FEX on Facebook FEX on Twitter FEX on LinkedIn   More about our guest Courtney Pullen’s website

Our guest on the podcast today is Dr. Moira Somers,  a clinical neuropsychologist and professor. She’s also author of the book Advice That Sticks: How to Give Financial Advice That People Will Follow, published in 2018. Dr Somers’ expertise is in brain functioning, behavior change, and mental health, topics that she often discusses in the context of financial advice. She’s a frequent public speaker and also consults with advisors on improving their client outcomes. Dr. Somers is a senior faculty member with the Sudden Money Institute, where she trains advisors and conducts research into the psychological factors at play during major life transitions. BackgroundMoira Somers' biography Moira Somers' website Somers, M. 2018. Advice That Sticks: How to Give Financial Advice That People Will Follow (London: Practical Inspiration Publishing).Improving Client AdherenceBehavioral finance definition Martin, L., Williams, S.L., Haskard, K.B., et al. 2005. “The Challenge of Patient Adherence.” Therapeutics and Clinical Risk Management, Vol. 1, No. 3, P. 189. Somers, M. “Does Your Advice Stick?” Journal of Financial Planning, May 2018. Stone, G.C. 1979. “Patient Compliance and the Role of the Expert.” Journal of Social Issues, Winter. “Financial Jargon Your Advisor May Throw at You,” CNBC.com, Oct. 8, 2012. Beerens, M. 2019. “Listening, Empathy and Personal Attention Go A Long Way in Client Acquisition and Retention.” Investors Business Daily, Nov. 4, 2019. Lee, B.Y. 2018. “11 Seconds: How Long Your Doctor Waits Before Interrupting You." Forbes.com, July 22, 2018. Jung, D. 2019. “Nudge Action: Overcoming Decision Inertia in Financial Planning Tools.” BehavioralEconomics.com, March 12, 2019.Benartzi, S. 2017. “How Digital Tools and Behavioral Economics Will Save Retirement.” Harvard Business Review, Dec. 7, 2017.Raihani, N. 2013. “Nudge Politics: Efficacy and Ethics.” Frontiers in Psychology, Vol. 4, P. 972. Eisenberg, R. 2013. “To Solve the U.S. Retirement Crisis, Look to Australia,” Forbes.com, Aug. 19, 2013. Frankenfield, J. 2019. “What Is a Robo-Advisor?” Investopedia.com, Oct. 1, 2019. Knudge.com Touchstone Pathway Gamification definition Kahneman, D. 2011. Thinking, Fast and Slow.

Susan Bradley, founder of the Sudden Money Institute says, “When life changes, money changes. And when money changes, life changes.” Having experienced significant life changes herself, Esther Szabo knows firsthand how life changes affect not only your everyday life, but also your finances. Today, Esther explores the link between life changes caused by transitions and … Continue reading 02/13/19 Episode 11 – Life Changes Brought About by Transition →

Susan Bradley, CFP®, CeFT® is the founder of the Sudden Money® Institute, the organization that has created the Certified Financial Transitionist® (CeFT®) designation. Susan has served on the FPA’s National Board of Directors, currently sits on the NFLPA’s Financial Education Advisory Board, and serves […] The post Susan Bradley on the Human Side of Money appeared first on Becoming Referable.

70% of an advisor's new clients are in the middle of major life change. 70%! How does an advisor (and their wholesaling partners) best accommodate these clients, their emotions and their money?  Dr. Moira Somers is a clinical neuropsychologist, professor and financial recovery expert. She is on faculty with the Sudden Money Institute, where she trains advisors on the psychological factors at play during major life transitions. Current projects include the development of a Transition Fatigue Questionnaire, and objective testing of financial planners' interpersonal effectiveness. An expert in financial psychology, she trains financial professionals across North America to work more effectively with the whole spectrum of challenges their clients bring to them: erratic decisions, overwhelming stress, procrastination, family challenges, etc. Check out Dr. Somers' new book, Advice that Sticks: How to Give Financial Advice that People Will Follow.  To inquire about booking Dr. Moira Somers for your next event through Wholesaler Masterminds Speakers Bureau contact us at info@wholesalermasterminds.com

Today’s guest, Susan Bradley, is the founder of Sudden Money Institute, which trains financial advisors to work with clients who experience an abrupt increase in their finances. These so-called “sudden money transitions” can come from a personal injury settlement, an inheritance, a divorce settlement, or any other swift influx of money, and they require a unique skill set from advisors. That’s why Sudden Money Institute trains advisors through a designation program called The CeFT (Certified Financial Transitionist). In this episode, we talk in depth about why advisors need to understand how to help clients through sudden money transitions, the requirements and benefits of earning a CeFT, how Sudden Money Institute facilitates productive conversations with clients, and more. For show notes and more visit https://www.kitces.com/46

Susan discusses her journey to being the foremost expert on transition planning. She relays the importance of advisors’ role in helping people with sudden money and describes the “Financial Transitionist” role, training and credential. LINKS: SuddenMoney.com | Book, “Sudden Money: Managing a Financial Windfall” GUEST BIO: Susan Bradley is the founder of the Sudden Money® Institute (SMI), a resource center for Life Transitions and Good Decisions. The Institute trains financial advisors and other professionals in Financial Transitions Planning, a unique set of process and tools for managing the human dynamics of financial change.  Susan is the author of Sudden Money: Managing a Financial Windfall (Wiley 2000).

Laura talks to Dr. Kathleen Rehl, a leading authority on widows and their financial issues. Since many women tend to marry older men and women have a longer life expectancy (about five years longer) than men there is a high probability that most women could find themselves a widow at some point in their life. Whether a widow is young or old, financially secure or not, there are things that can be done so that financial mistakes are not made, the widow is not taken advantage of and preparations are in place to ensure financial security for the remainder of her lifetime - which can often be a long and rewarding period of time in itself. Dr. Kathleen M. Rehl , CFP®, CeFT™ shares insightful expertise and experience through her speaking, writing, mentoring and research. A widow herself, Kathleen is passionate about inspiring her “widowed sisters” and their advisors. She wrote the award winning book, Moving Forward on Your Own: A Financial Guidebook for Widows. Her work has been featured in The New York Times, Wall Street Journal, Kiplinger’s, and many other publications. The U.S. Army also uses her guidebook in their Survivor Outreach Services centers worldwide. After 17 years of providing personal financial advice, Kathleen now speaks, writes, mentors, and conducts research about women who have loved and lost. She owns Rehl WEALTH Collaborations LLC and is on the faculty of Sudden Money Institute. Kathleen is also the Dean of Women for the Purposeful Planning Institute.

In this episode Josh spends time with Susan Bradley, Founder and CEO of the Sudden Money Institute. They discuss financial transitions planning. 

Susan Bradley, CFP®, CeFT™ is the founder of the Sudden Money® Institute and author of Sudden Money: Managing a Financial Windfall. The Institute trains financial advisors and other professionals in Financial Transitions Planning, a unique set of process and tools for managing the human dynamics of financial change. Susan created the institute because she realized that […]