On today’s episode of The Financial Commute, Chris Galeski welcomes Chief Operating Officer and Chief Marketing Officer of Morton Wealth, Stacey McKinnon. Stacey and Chris discuss their shared passion for financial planning and giving clients the confidence to make the best decisions for themselves and their families.

However, Stacey has noticed that many people are hesitant to create financial plans since they may be associated with strict rules and limitations. She encourages clients to focus on the increased confidence in one’s financial future that a plan can bring instead of seeing it as an overwhelming commitment. Plans can always pivot according to changing needs and circumstances, so you’re not committing to your plan- you’re committing to yourself and your future by engaging in your financial plan.

Stacey also talks about replacing the word “budget” with “spending strategy,” as this emphasizes the enjoyment of life rather than restraint and barriers. “Budgeting” highlights the scarcity mindset, while “spending strategy” focuses on abundance and empowers people to think about what their goals are and how to achieve them.

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Check out previous episodes from The Financial Commute below.

Ep. 3 - Does Global Exposure Make Sense?

Ep. 2 - Becoming Familiar with Alternatives

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Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your attorney, finance professional or accountant before implementing any transactions and/or strategies concerning your finances.