#6 - Brian Systma on common money mistakes, what financial planners really do, and practical things you can do to create financial success

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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