Budget Like a Boss: A Financial Planner’s Tips for Achieving Your Money Goals

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 7 October 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn what it truly means to work with a certified financial planner (CFP) and how personalized advice can help you set and achieve your financial goals. NerdWallet Advisors is no longer accepting new clients, and will be closing its financial planning business as of December 20th, 2024. What should you know before working with a certified financial planner? What strategies can help you navigate societal pressures and make personal financial choices? Host Sean Pyles talks to Magda Doemeny, a certified financial planner with NerdWallet Advisors, to discuss the power of personalized financial advice and behavioral budgeting to help you understand how to align your financial goals with your personal values. They begin with a discussion of the role of certified financial planners, including the fiduciary responsibility of CFPs, the specialized knowledge they bring to areas like estate planning, and common strategies for cutting through societal noise to focus on personal priorities. They also discuss the innovative concept of behavioral budgeting, which involves creating sustainable financial habits, like limiting dining out. NerdWallet Advisory LLC, dba NerdWallet Advisors, is an SEC-registered investment advisor and wholly owned subsidiary of NerdWallet Inc. The advice provided in this episode of Smart Money was for illustrative purposes only and not intended as financial or investment advice specific to your personal facts or circumstances. In their conversation, the Nerds discuss: financial planning, certified financial planner, personalized financial advice, financial goals, estate planning, financial anxiety, behavioral budgeting, fiduciary responsibility, financial choices, societal pressures, financial journey, managing finances, financial management, money questions, financial behavior, financial habits, spending habits, retirement savings, debt management, investment vehicles, financial coaching, personal values, and sustainable changes.. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.8	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.
0:30.9	Welcome to Nerd Wallet's Smart Money Podcast, where you send us your money questions and we
0:35.3	answer them with the help of our genius nerds.
0:37.7	I'm Sean Piles.
0:38.8	This episode, we're going deep into financial planning, what it actually means to work with a financial planner,
0:44.6	how working with a planner can improve your finances, and why we sometimes have such a hard time
0:49.3	changing our financial behaviors.
0:51.7	Over the last few months, we've shared a series of conversations between our
0:54.9	listeners, a certified financial planner from the NerdWallet Advisors Platform and me. And these
1:00.0	conversations, our advisor Magda Domini has given a range of advice to our listeners. Today, we're
1:05.4	going to hear Magda's philosophy around financial planning, who might benefit from working with
1:09.8	a CFP and how people can better
1:11.8	their finances on their own. Magda, welcome back to smart money.
1:15.1	Thanks, Sean.
1:15.7	So we've talked about this before, but give us that refresher.
1:18.9	What is NerdWallet Advisors and what is your role there?
1:21.5	So I'm an advisor on the NerdWallet Advisors team, and we offer affordable financial planning memberships,
1:29.1	which gives you access to a certified financial planner like myself for a low monthly cost.
1:34.5	And what we'll do is we'll go ahead and take a look at your financial situation and come up with
1:38.4	a financial plan and give you some bite-sized action items for you to try and accomplish your goals.
1:45.4	And that will give you unlimited access to myself or your advisor.
	...

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