Tuesday Dec 12, 2023

98. Does Your Money Match Your Mission? | Allie Beckmann

Should emotional well-being and personal values be aspects guiding sound financial decisions? This episode of The Code with Dr. Andrew Fix introduces Allie Beckmann, a financial advisor whose expertise lies in helping creative and service-based entrepreneurs navigate their financial landscapes. Allie delves into the emotional aspects of money management and its profound connection to overall life quality.

Throughout the discussion, Allie tackles the big financial questions her clients face, from retirement strategies to savvy spending. She underscores the need for financial literacy, suggesting resources for enhancing financial knowledge and skills.

A core piece of Allie’s philosophy is aligning spending with personal values. She advises a reflective approach, urging listeners to review their bank statements to see if their spending truly aligns with their core values, facilitating more purposeful financial choices.

Allie also stresses the importance of setting specific, achievable financial goals. She discusses reverse engineering these goals to create a practical and effective roadmap towards financial stability, making each financial decision a strategic step towards broader, value-driven objectives.

This episode offers a unique perspective on finance, intertwining emotional well-being with smart money management. Allie’s insights are a valuable resource for anyone aiming to integrate purpose and clarity into their financial planning.

Key Takeaways:

• Align your money with your values: Take a look at your spending and assess whether it reflects what is truly important to you. Make sure your financial decisions are in line with your values and goals.

• Start with specific and measurable goals: Set clear financial goals for yourself, whether they are short-term, mid-term, or long-term. Make them specific, measurable, and attainable. This will help you stay focused and motivated.

• Take ownership of your financial future: Your financial well-being is ultimately your responsibility. Take ownership of your financial decisions and actively work towards your goals. Don't rely on external factors or wait for someone else to take care of your finances.

Quotes:

• “I prioritize making space for the emotional conversation around money in my practice because, if we're honest, money is emotional. It is emotionally driven. We have emotional baggage that likely we've not investigated because often it's uncomfortable, it's overwhelming, and most of the time I see people tending toward avoidance when it comes to really sitting down with money and finances.” (17:39 | Allie Beckmann)

• “We wish we all would have started 20 years ago, but we didn't. So let's get started today.” (27:20 | Allie Beckmann)

• “Take a look at your spending. Look at it from the lens of your values. And that's a great place to start aligning your money with your values.” (41:49 | Allie Beckmann)

Links

So Money Podcast:

https://podcast.farnoosh.tv/

You Are a Badass at Making Money (book):

https://jensincero.com/shop/

Art of Money (book):

https://baritessler.com/art-of-money-book-2/

Simple Path to Wealth (book): https://www.amazon.com/gp/product/1533667926/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1533667926&linkCode=as2&tag=jlcollinsnh-20&linkId=1b236a42ef2205f07c4e83e9a984bd17

The Intelligent Investor (book):

https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/B0BN7XQTNH/ref=asc_df_B0BN7XQTNH/?tag=hyprod-20&linkCode=df0&hvadid=673665749670&hvpos=&hvnetw=g&hvrand=10145948872017547593&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9028754&hvtargid=pla-2222270246074&psc=1&mcid=25e3bb7c198432649cf86b6227b97401

Connect with Allie Beckmann:

LinkedIn: https://www.linkedin.com/in/alliebeckmann/

Website: beckmannfinancial.com

"Beckmann Financial is an independent firm not affiliated with Money Concepts Capital Corp. All Securities Offered Through Money Concepts Capital Corp. Member FINRA/SIPC. Not FDIC Insured. May Lose Value. No Bank Guarantee."

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