The Lion and the Mouse | Series 8.12 - Enjoy More 30s: Family Finance

Episode 12

The Lion and the Mouse | Series 8.12

Published on: 1st August, 2022

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
Voiceover Audio:

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

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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

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them in the first place.

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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

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The conversations on this show are

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again soon.

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Joe's opinions and provided for general information purposes

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only. They do not constitute accounting, legal, tax, or other

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professional advice for your specific situation. You should

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always seek appropriate advice from a financial advisor,

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accountant, lawyer, or other professional before acting upon

Voiceover Audio:

any content or information found here first. Joe is affiliated

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with New Horizons Wealth Management LLC, a branch office

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of TFS Securities, Inc., and TFS Advisory Services an SEC

Voiceover Audio:

Registered Investment Advisor, Member FINRA/SIPC.

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About the Podcast

Enjoy More 30s: Family Finance
Family Finance for Young Professionals.
Young families receive little to no personal finance help. We all grow up to have jobs and money, yet our education system focuses on Shakespeare and Algebra. Even professional advice can be hard to come by, with the majority of the industry chasing retirees and existing wealth.

Joe Okaly's podcast is aiming to change this, providing personal financial advice geared specifically to professionals with young families. This podcast is dedicated to making life more enjoyable for young families, by hitting on the financial topics that tend to weigh on us, stress us out, and distract our focus from simply enjoying life.

Joseph P Okaly is a CFP Certified Financial Advisor who fits directly in with who this podcast is focused on - a young professional with a family. With over a decade of experience as an advisor, there is passion and knowledge to make a difference.

Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC. TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.