Money Management, Made Simple
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Money management doesn’t have to be so complicated. At least that’s what Jackie Hopkins and Dave Hedrick say. As financial advisors and educators, they witness first-hand how much women tend to struggle when it comes to understanding and managing their finances and planning for their futures from a financial perspective. Both have made it a personal priority to provide the guidance women need by simplifying things and positioning money management as a journey that should be embraced.
“History tells us that women tend to live longer, and therefore many will end up living alone in retirement,” said Hopkins. “This is why it is so important that women engage in the process earlier in life. They need to be actively involved in planning for the future and empowered to be key decision makers.”
Hedrick says that one of the key benefits of working with a trusted financial advisor, early in life, is that it allows for open conversation about how to create good financial habits and how to break bad financial habits.
“We hear a lot of women say, ‘I will worry about that later’ but then their perspective changes a bit when we help them understand how their spending habits today can, will, and are impacting their financial future,” said Hedrick. “You still have to plan for the future, even if you have debt that you are trying to pay off, and even when you want to spend money on things like homes, cars, and vacations.”
Together, Hopkins and Hedrick help their clients build financial plans that account for their lifestyle today, and their goals for the future. They work with individuals, couples, business owners, and retirees.
“We find that a lot of people sit down with us and don’t know what questions to even ask,” said Hedrick. “So often times, we lead the conversation, and our goal is to prompt them to say, ‘what do you mean by that?’ This often leads to discussion about spending and savings habits that should continue, as well as habits that should change, and how those changes translate into long-term financial growth.”
Removing emotion from the conversation is also key.
“We often say that the most sensitive nerve in the body is the one attached to the wallet,” said Hopkins. “For this reason, we guide conversations with clients in a way that focused on their financial history, trends, goals, opportunities, and most importantly, the facts.”
Hopkins and Hedrick are leading a series of courses in early 2024 focused on helping women manage finances efficiently and positively. Registration for these courses is now open. Click here to learn more and enroll.