238-What's Different About Giving Financial Advice to Gen X&Y vs Everybody Else: Interview with Katie Brewer, From Your Richest Life

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 17 September 2015

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

I love to bring financial advisors onto Radical Personal Finance in order to break down the barriers of communication between advisors and the general public.

Katie Brewer is a financial planner based in Texas. She specializes in working with Gen X and Gen Y clients.

I invited her onto the show to dig into what's different about planning for Gen X and Gen Y clients as compared to the general public.

Also, I grilled her on the reality of what it's like to actually build a financial planning practice from scratch.

Enjoy!

Joshua

Katie's website: http://yourrichestlifeplanning.com/
Support Radical Personal Finance on Patreon! http://radicalpersonalfinance.com/patron

Transcript

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0:00.0	interested in what it's actually like to start your own fee only financial planning practice.
0:05.0	Today I've invited Katie Brewer on the show and I'm going to do my best in today's interview to get her
0:10.4	to open up and share what it's actually like. So you can get a little bit of
0:14.4	insight into the joys and the challenges of establishing your own independent financial
0:19.3	planning firm. And the Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your host.
0:40.0	Thank you for being with me today. This is the show where're each and every day. I work hard to try to give you some ideas,
0:45.7	some information, some inspiration,
0:48.0	and some insight into how you can establish and pursue your own path to financial independence.
0:56.0	I know many of you were interested in financial planning as a profession, so today I try to give you
0:59.4	a behind-the-scenes tour of what it's actually like.
1:03.0	Financial planning profession is a wonderful profession for a small percentage of the population.
1:14.5	Many of you, it might be perfect for.
1:17.5	One of the challenges of the financial planning profession
1:19.6	is that it's very difficult to actually understand
1:21.8	what it's like until you're in it.
1:23.9	Once you get into it, you'll actually get it a little bit better.
1:27.4	And this is one of the challenges that I face when I was becoming a financial planner, is it's hard to get inside information.
1:34.7	What happens is when you trot around, you'll meet with the recruiters, you'll meet with all kinds of people,
1:38.7	but all the people that you meet with are trying to get you into the business business and it's very difficult to get an
1:45.0	accurate assessment of what the business is actually like. And so one of my
1:49.6	little pet goals with Radical Personal Finance is to try to interview financial planners and have them share what the
1:55.2	business is actually like. I've noticed that in the online, well I guess I shouldn't even just say
	...

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