#6 - Brian Systma on common money mistakes, what financial planners really do, and practical things you can do to create financial success
Listen to the podcast on your favorite app below
Apple Podcasts // Spotify // Amazon
Welcome to the Dylan Dodson show, where through interesting conversations and personal insights, I help you live a life that matters.
This episode is brought to you by The Best Minute, my very own newsletter that helps you build better habits, become more productive, and maximize your life. All in about 60 seconds per week.
And if you want to save time, increase your focus, and become more efficient so that you can live a life that matters, be sure to check out my flagship course Shave 10 Hours Off Your Workweek.
Brian Sytsma is a certified financial planner with Northwestern Mutual.
In this conversation, Brian Sytsma discusses common financial pitfalls, the importance of creating a financial plan, and the role of emotions in financial decision-making. Brian also addresses misconceptions about money management, the risks associated with cryptocurrency, and the journey of becoming a successful financial advisor. He provides insights on finding a trustworthy advisor, the reasons people struggle to save, and the balance between spending on experiences and saving for the future.
00:00 Introduction and Most Popular Unwise Financial Decision
01:50 The Assumption of Buying a House as Soon as Possible
03:50 The Importance of Creating a Financial Plan
05:37 Balancing Client Desires and Wise Financial Decisions
08:45 The Challenge of Advising on Insurance and Family Advice
11:18 Aligning Financial Goals within a Marriage
13:11 The Role of Emotions in Money Management
14:47 Misconceptions about Money and Financial Decisions
19:32 The Popularity and Risks of Cryptocurrency
26:54 Navigating the World of Cryptocurrency
28:18 Finding the Right Financial Advisor
34:21 The Pitfalls of Generic Financial Advice
39:59 Why People Don't Save Enough
47:00 Balancing Experiences and Future Savings
50:43 Working with a Financial Advisor
56:03 Taking the Next Step