Top Lessons from Financial Planners’ Conference in US

Everybody has something that they would love to do if they didn’t have to work – except for a fortunate few who absolutely adore their work itself. First, find out what it is that really motivates you the most and drives you to want financial freedom. In some cases, it’s money – really. It took me more than 50 words to share the message but Mitch Anthony explains this beautifully in just 10 words.

Can’t agree more ? “Money can fund a purpose but can not find a purpose” – Mitch Anthony #NAPFA16

— Hemant Beniwal, CFP (@hemantbeniwal) May 19, 2016

Conferences are a great way to learn & share our views. This month there was a conference is US organised by NAPFA (The National Association of Personal Financial Advisors) – one of the most reputed Financial Planner association. I haven’t attended that but read amazing messages flashing on Twitter – I decided to share selected meaningful tweets with you. Hope you will enjoy!! (trying to be bit active on twitter – join @hemantbeniwal )

Image courtesy of jscreationzs at FreeDigitalPhotos.net

Top Lessons

Vanguard is world biggest ETF management company – founder John Bogle is treated as father of ETF industry. Relying on past performance is really dangerous… check 10 investment mistakes you should avoid

When making investment decisions, #advisors must coach clients not to rely on past performance. VG’s Garrett Harbron at #NAPFA16

— Vanguard | Advisors (@Vanguard_FA) May 18, 2016

Last Year I read Greg McKeown’s book Essentiaism : The Disciplined Pursuit of Less – also suggested this to couple of clients. Book is about busy vs prodectivitity.. I think these 2 messages will give some idea (Rick Kahler in Financial Planner & famous author – last year Rick visited India & shared his views on Behaviour Finance)

“Everyone is so busy and most let you know it. Busyness is a bogus badge of honor. Busyness has no inherent value.” Greg McKeown #NAPFA16

— Rick Kahler, MSFP (@RickKahler) May 19, 2016

Successful people & orgs don’t breakthrough to next level because of the undisciplined pursuit of more. @GregoryMcKeown #NAPFA16

— Chip Workman, CFP® (@ChipWorkman) May 19, 2016

Change – I think biggest chanllenge for everyone in personal & professional life… “He who rejects change is the architect of decay.  The only human institution which rejects progress is the cemetery.” Harold Wilson

‘If you don’t like change, maybe you’ll like irrelevance even less.’ #NAPFA16

— Lesley J Brey (@LJBHawaii) May 20, 2016

Happiness  – read Money Can buy Happiness

Exercise and connecting with friends boosts happiness and well being. Increase these in bad times. #Ledgerwood #NAPFA16

— Carolyn McClanahan (@CarolynMcC) May 20, 2016

The more you practice a thought or behavior, the more likely you are to follow through on it. #Ledgerwood #NAPFA16 (Amen, just what I said!)

— Carolyn McClanahan (@CarolynMcC) May 20, 2016

Investor Behaviour – I think that’s the key of investor success – read 6 common behaviour mistakes

It is more difficult for people to move from a “loss framed memory” to a “gain framed memory” than the opposite #Ledgerwood #NAPFA16

— Carolyn McClanahan (@CarolynMcC) May 20, 2016

Fun : )

Great sessions on insurance coverage, risk etc. Presenter: “There is no exclusion for stupid!” Audience member shouts: “Thank God!” #NAPFA16

— George Papadopoulos (@feeonlyplanner) May 19, 2016

Mitch Anthony is famous author & Financial Advisors’ coach – he is pioneer in Life Planning & Retirement Planning

Individuals cannot exist on a life of total ease. That is two steps away of a life of disease. @TheMitchAnthony #NAPFA16

— Carolyn McClanahan (@CarolynMcC) May 18, 2016

Old is an attitudinal fact. It’s something you decide. We need to live our inner age not the world’s opinion of it @TheMitchAnthony #NAPFA16

— Carolyn McClanahan (@CarolynMcC) May 18, 2016

You need to have enough purpose to wake up in the morning and enough money to sleep at night. #Anthony #NAPFA16 @NAPFA

— Carolyn McClanahan (@CarolynMcC) May 18, 2016

I think this applies to the whole world – US is facing elections this years so investors are woried about the outcome & trying to predict result + how that will affect them … read Let’s not believe in predictions

We overdo the importance of who is sitting in the White House when it comes to the market. @BobDollNuveen #NAPFA16

— Carolyn McClanahan (@CarolynMcC) May 18, 2016

Thanks to Carolyn & others for these tweets

Thanks @CarolynMcC 4 #NAPFA16 tweets & Congs 4 award. We learned a lot-not sure why other atandees were mute#India https://t.co/f7YPqpp8jc

— Hemant Beniwal, CFP (@hemantbeniwal) May 21, 2016

You must have noticed that most of the tweets were not directly linked with finance – there are 2 reasons, I have not added technicals tweets which are not relevent for Indian audience & second US planners are now focussing on Financial + Life planning – which looks to be a future of this profession. I have also talked about the concept in my book “Financial Life Planning” – now avilable on Amazon

Please share your views in the comment section. Your motivation is required to keep us active : )