How to Find Joy in Financial Planning with Lawrence Sprung

Discover the secrets to finding joy in financial planning from Lawrence Sprung. Know what happens when your mindset shifts. See it lead to a secure and fulfilling life. 

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Lawrence Sprung, founder of Mitlin Financial, Inc., is not your typical financial advisor. He brings a refreshing and personal approach to financial planning. His book, "Financial Planning Made Personal," challenges the traditional mindset around money. It focuses on finding joy in the financial planning process. 

Lawrence understands that financial planning is about more than just numbers. It’s about living a fulfilling life now and in the future. Over 20 years of being a wealth advisor, Lawrence has helped countless individuals and families navigate the complexities of personal finance. His passion for empowering people to take control of their financial futures shines through in his work. Lawrence Sprung is not just a financial advisor but a guide dedicated to helping his clients find joy and fulfillment in their financial planning journey. 

Find Lawrence: 
LinkedIn: https://www.linkedin.com/in/lawrencesprung

Website: https://www.mitlinfinancial.com/  

Key takeaways:

• Discover the importance of personal financial planning, empowering you to take control of your financial future. 
• Find joy in financial planning. 
• Challenge traditional thinking about retirement and explore new ways for a fulfilling and purposeful life. 
• Start early and unlock the power of compound interest, paving the way for greater wealth accumulation and financial security in the long run. 
• Overcome limiting beliefs about money and embrace a positive mindset that will attract abundance and open up new opportunities for financial success. 

The joy and personal experience in financial planning 

Lawrence Sprung believes that financial planning should not be about numbers. It should be about the individual’s mindset and enjoyment of the process. This perspective is refreshing in a field often considered monotonous and stressful. As we plan for our financial futures, we shouldn't only focus on the figures but also consider our values and goals. By making the process personal and enjoyable, we’re likelier to stick to it and see the desired results. 

Sprung argues against the common perception that financial planning entails making great sacrifices. He suggests focusing on finding a balance between current needs and future aspirations. Enjoying the present while saving for the future needs a delicate balance that can enrich our lives now while providing for tomorrow. 

The resources and other topics mentioned in this episode are: 

• Visit Mitlin Financial, Inc.'s website to learn more about their financial planning services and how they can help you prepare for the future. 
• Buy Lawrence Sprung's book, Financial Planning Made Personal, to gain valuable insights and strategies for managing your finances and finding joy. 
• Start saving early and take advantage of compound interest. Consider opening a retirement account or investment portfolio to grow your assets. 
• Check your current financial situation and set clear goals for the future. 
• Focus on the joy in your financial journey. 
• Create a budget allowing small splurges, like enjoying a cup of coffee or planning a vacation, while saving for your future. 
• Don't wait until you're older to start investing. Begin putting money away as early as possible, even if it's small. The power of compound interest can grow your investments over time.

Key Moments in the Episode: 

00:02:57 - Challenges of Financial Planning 

00:06:33 - The Importance of Enjoying the Present 

00:08:17 - Tangible Tips for Financial Planning 

00:11:49 - The Power of Compound Interest 

00:16:15 - The Interrelation of Physical, Mental, and Financial Health 

00:17:34 - The Power of a Positive Mindset in Financial Planning 

00:19:57 - Teaching Financial Literacy to Children 

00:22:13 - Managing Uncertainty and Information Overload 

00:31:29 - Starting a Side Gig 

00:31:58 - Defining Identity Beyond Work 

00:32:55 - New Zealand’s Approach to Life 

00:33:20 - Closing Thoughts 

00:34:22 - Conclusion 

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