Episode 12
The Lion and the Mouse | Series 8.12
Everyone has unique abilities. Is your advisor's unique ability financial planning?
- We are all well suited for very different things, we all have what some might call our unique abilities. (02:17)
- So when we talk about financial planning, if designing your own financial plan is something that is a unique ability of yours, that's fantastic. (03:07)
- If it is not, I would encourage you not to try to figure it out yourself or ask your accountant or worse even just ignore it altogether. (03:22)
Quote for the episode: "Find someone who specializes in financial planning, somebody that does hundreds of them every year, and let them help you get out of or preferably avoid any nets that may be in your way." (03:32)
Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.
Transcript
Welcome to the Enjoy More 30s Family Finance
Voiceover Audio:podcast. The only podcast dedicated to making life more
Voiceover Audio:enjoyable for young families by hitting on the financial topics
Voiceover Audio:that tend to weigh on us, stress us out, and distract our focus
Voiceover Audio:from simply enjoying life.
Joseph Okaly:Hello, welcome once again to the Enjoy More 30s
Joseph Okaly:Family Finance podcast. We are working through The Financial
Joseph Okaly:Parables of Your Life. Some are parables, some are fables, some
Joseph Okaly:are stories, but they're all things that you're probably
Joseph Okaly:somewhat familiar with. And so each week, I'm sharing one of
Joseph Okaly:them with you, because stories are just really powerful ways to
Joseph Okaly:remember information, whether it be financial stuff or anything
Joseph Okaly:else. So as always, before I begin, please share and like,
Joseph Okaly:please leave reviews. I'd love to reach and help as many young
Joseph Okaly:families out there as I possibly can.
Joseph Okaly:So today, please join me for our story, The Lion and the Mouse. A
Joseph Okaly:lion lay asleep in the forest, his great head resting on his
Joseph Okaly:paws. A timid little mouse came upon him unexpectedly, and in
Joseph Okaly:her fright and haste to get away, ran across the lion's
Joseph Okaly:nose. Roused from his nap, the lion laid his huge paw angrily
Joseph Okaly:on the tiny creature to kill her. "Spare me!" begged the poor
Joseph Okaly:mouse. "Please let me go and someday I will surely repay
Joseph Okaly:you." The lion was much amused, but let the mouse go. What
Joseph Okaly:abilities could a mouse have that a lion would need? Some
Joseph Okaly:days later, while stalking his prey in the forest, the lion was
Joseph Okaly:caught in the toils of a hunter's net. He tried in every
Joseph Okaly:way he knew how, but was unable to free himself. He pondered
Joseph Okaly:what he should do next. Just then the mouse came by. "While
Joseph Okaly:you are capable of many things that I am not, this is a task
Joseph Okaly:where I can be of help." She gnawed it until it parted and
Joseph Okaly:soon the lion was free. The lion was quite grateful. And with
Joseph Okaly:their newfound friendship, the mouse was not only able to
Joseph Okaly:assist the lion from getting out of any net, but also avoiding
Joseph Okaly:them in the first place.
Joseph Okaly:We are all well suited for very different things, we all have
Joseph Okaly:what some might call our unique abilities. We also all have
Joseph Okaly:things that we are not well suited for, or even enjoy doing.
Joseph Okaly:I know I am certainly having lots of items in that category.
Joseph Okaly:It doesn't even have to mean you're necessarily incompetent
Joseph Okaly:at something, it may just mean that you aren't as competent as
Joseph Okaly:somebody else might be. So I'm a financial advisor. I deal with
Joseph Okaly:money. You might assume that I'm good with anything that has to
Joseph Okaly:do with money. But there could very well be somebody else that
Joseph Okaly:does something like filing my taxes, that they can do it
Joseph Okaly:better than I can. So I don't do my own taxes. I have my
Joseph Okaly:accountant that does that because that's their specialty.
Joseph Okaly:That's all they do. They file taxes for hundreds of people
Joseph Okaly:every single year. How can I possibly be better at filing my
Joseph Okaly:taxes than that person? So when we talk about financial
Joseph Okaly:planning, if designing your own financial plan is something that
Joseph Okaly:is a unique ability of yours, that's fantastic. Hopefully,
Joseph Okaly:some of what I'm sharing can enhance that ability for you,
Joseph Okaly:make it as good as it can possibly be. If it is not, I
Joseph Okaly:would encourage you not to try to figure it out yourself or ask
Joseph Okaly:your accountant or worse even just ignore it altogether. Find
Joseph Okaly:someone who specializes in financial planning, somebody
Joseph Okaly:that does hundreds of them every year, and let them help you get
Joseph Okaly:out of or preferably avoid any nets that may be in your way.
Joseph Okaly:So thanks for tuning in today and join us for next week's
Joseph Okaly:recap now of our Financial Parables of Your Life series. I
Joseph Okaly:hope you enjoyed today's story. I hope you enjoyed all of them.
Joseph Okaly:Please remember to review and share. If you need any help as I
Joseph Okaly:always say don't hesitate in reaching out. I probably have
Joseph Okaly:helped someone just like you. Until next week. Thanks for
Joseph Okaly:joining me today and I look forward to connecting with you
Voiceover Audio:The conversations on this show are
Voiceover Audio:again soon.
Voiceover Audio:Joe's opinions and provided for general information purposes
Voiceover Audio:only. They do not constitute accounting, legal, tax, or other
Voiceover Audio:professional advice for your specific situation. You should
Voiceover Audio:always seek appropriate advice from a financial advisor,
Voiceover Audio:accountant, lawyer, or other professional before acting upon
Voiceover Audio:any content or information found here first. Joe is affiliated
Voiceover Audio:with New Horizons Wealth Management LLC, a branch office
Voiceover Audio:of TFS Securities, Inc., and TFS Advisory Services an SEC
Voiceover Audio:Registered Investment Advisor, Member FINRA/SIPC.