Many financial professionals have a CFP (Certified Financial Planner) designation– but have you ever heard of a Certified Financial Therapist? Robert "Bob" Powell talks to Preston Cherry, Concurrent Wealth Management wealth advisor, to discuss the unique skillset of a Certified Financial Therapist and how they might be able to assist on your retirement journey. In the full episode of Decoding Retirement, Bob and Preston discuss his new book, his growth philosophy, and making tactical shifts in your portfolio to help smooth out any bumpy rides.
Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Dennis Golin. Find more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
This post was written by Dennis Golin.
So, President, uh, you have a certified financial planner designation, as do I. But you also have another designation called the certified financial therapist. And the merging of these two uh, knowledge designations makes for, I think, a unique experience for you. Uh, tell us how you are able to sort of influence the perspective of people having a truly successful retirement, given those two designations.
Yes, absolutely. You know, uh, people have to see themselves in their financial plan. And if they don't, then there's no stick-to-it stick-to-itness to the plan, right? And this is why it always goes back to the the people-centered process. And people like, "Oh, that's cliche. Uh, well, that doesn't mean anything." But you know what? If you don't, then people won't even start the plan, won't commit to a plan, won't enjoy the the prospering of the plan, right? And I always say, if folks can see their preferences, their life stage, which is points, right, their purpose, and then the their their financial plan will then prosper. All right? So, more peas, more alliteration. But if if folks can, uh, rarely are folks asked, you know, about themselves and to see themselves, investigate themselves, discover. And I get this question often, Bob, is, you know what? I've never been asked that. Or, you know, thank you for asking. Because then now, people see their their feelings turn into find the numbers of finances, and then now, you can flourish.
