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Jul 9, 2018

 

Summary:

 

During the 15th episode of the Confident Wealth Podcast, Bill Bush and Pete Bush talk about the known and unknown factors in one’s financial life. Bill and Pete address elements and the importance of The Financial Confidence Quadrant for clients and potential clients.

 

Time Stamped Show Notes:

  • 01:02 – Pete Bush created a tool called The Financial Confidence Quadrant with known and unknown positives and negatives for clients to get started with.
  • 02:00 – Admitting what you don’t know can give you the needed jolt to seek a financial planner.
  • 02:25 – The Known Positives: things you are on the right track with.
  • 03:31 – The Unknown Positives: things like not knowing you picked the most successful financial planners in your area.
  • 04:43 – The Known Negatives: things you need to approve that you are aware of.
  • 06:28 – The Unknown Negatives: things that need addressing that you are unaware of.
  • 07:56 – Financial advisor assistance for the four quadrants includes: giving validation, identifying issues, and increasing awareness.

 

3 Key Points:

  1. Admitting what you don’t know can give you the needed jolt to seek a financial planner.
  1. The Unknown Positives: things like not knowing you picked the most successful financial planners in your area.
  1. Financial advisor assistance for the four quadrants includes: giving validation, identifying issues, and increasing awareness.

 

Tweetable Quotes:

-    “To know what you know and know what you do not know is true knowledge.” – Bill Bush.

-    “It takes someone from the outside looking in to even show you that these (unknown negatives) even exist.” – Pete Bush.

-    “It isn’t what we don’t know that gives us trouble, it’s what we know that aint so.” – Pete Bush.

 

Resources Mentioned: