Why You Need to Feel Connected to Your Financial Plan

Numbers don’t drive behaviour, connection does. Meagan Balaneski and Dave on why communication makes or breaks a financial plan.

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 Because the numbers are super easy. Like, that’s the easy part. It, it’s really understanding who someone is and how the goals then fit to, to their person.

Um, any goal set, any solve could be suitable. It, it could meet a suitability standard, it could meet a best interest standard, but it doesn’t necessarily connect back to who they are. And if they don’t feel connected to the plan, they won’t follow the advice.

I agree with that completely. That’s why I think when you are dealing with a financial planner, you’re dealing with an investment advisor, that person’s communication skills are vital to the relationship because you have to feel that connection. You have to buy in. To your point, you have to understand the why’s behind the what’s.

Otherwise you won’t implement the plan, much less stick with it. So couldn’t agree with you more on all of those fronts.