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Season 1, No. 3: Navigating Financial Futures: Insights from Georgina Lockstab
Manage episode 492754453 series 3521043
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Summary
In this conversation, Georgina Lockstab, a financial planner and fiduciary, discusses the importance of understanding the fee-only fiduciary model, building strong client relationships, and the true purpose of money. She emphasizes the role of behavioural coaching in investing, the necessity of cash reserves, and the balance between real estate and investment portfolios. Georgina also highlights the importance of wills and trusts in estate planning and the need for a margin of safety in financial planning. The discussion concludes with insights on retirement planning and the unique property journey each individual faces.
Takeaways
- Understanding the fee-only fiduciary model is crucial for clients.
- Building strong client relationships is key to financial advising.
- Money should be a tool for achieving life goals, not the goal itself.
- Behavioral coaching helps clients stay the course in investing.
- Cash reserves are essential for financial security.
- Real estate should be part of a diversified portfolio.
- A margin of safety is vital in financial planning.
- Wills and trusts are necessary for effective estate planning.
- Retirement planning requires foresight and discipline.
- The property journey varies for each individual.
13 episodes
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