Balancing Today and Tomorrow (Tadas with Jeremy Walter)

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.7 • 2.2K Ratings

🗓️ 2 August 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

“A right balance is somewhere in between – enjoying Today while planning for Tomorrow. And there’s no magical, universal formula, spreadsheet, or ratio to figure this out. It’s entirely subjective to each person and family.” Jeremy Walter (@jeremywalter) is the founder of Fident Financial, LLC and logs at Calibrating Capital:. Tadas got Jeremy on the phone to talk about a recent post of his entitled “Today vs. Tomorrowland” where he writes about the challenges of balancing our need to live in the moment while planning for our uncertain future. You can read more at Andrew’s blog Calibrating Capital: https://calibratingcapital.com/today-vs-tomorrowland/ https://calibratingcapital.com/living-in-today-a-case-study/ 1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: https://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: https://thereformedbroker.com/terms-and-conditions/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey Jeremy, how are you?
0:02.0	I am doing fantastic.
0:04.0	Awesome.
0:05.0	I'm on the line with Jeremy Walter, who's the founder of Fident Financial, a fee-only
0:08.9	registered investment advisor in Lancaster, Pennsylvania.
0:12.2	I asked Jeremy on today to talk about a recent blog post of his entitled
0:15.8	Today versus Tomorrowland. The financial planning process is by its nature forward looking and in general
0:22.1	financial planners are trying to help their
0:23.6	clients deal with goals that are set off in the future but Jeremy notes that we all
0:28.6	still need to live in and enjoy the presence so Jeremy what prompted you to write about this topic?
0:34.3	Yeah, well thanks for having me on. Now I've been a financial advisor for I guess
0:40.5	coming up on 13 years and it was one of the first you know prospects or
0:47.8	clients that when I was at my old firm you know I still remember this pretty vividly. He came in to talk with us and had a fair
0:58.0	amount of substantial savings buildup. And as we were talking about you know what he wanted to
1:06.1	accomplish and you know some of his goals and what he wanted to do with these funds
1:10.7	he really opened up and shared how he had worked a graveyard shift as
1:19.7	employer with the intention of getting to a point at some point down the road where he could
1:26.8	spend more time specifically with his wife and with his kids and enjoy that retirement phase, but then he shares it.
1:35.0	But during this, I lost sight of what I was sacrificing during that time.
1:42.3	And so now he had attained this financial goal of being able to
1:46.0	retire but I mean very sadly his wife had left him and if I'm remembering the
1:50.9	details right now he hadn't talked to any of his kids for a number of years.
	...

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