But, you know, what were, you know, sort of some of the top drivers of happiness this time around?

Yeah.

So when we try to drill down to what are the drivers of happiness, just for context, for folks who are listening, our research team is a pair of PhD nerds.

We say that affectionately.

I am the chief financial planning nerd.

That's a term of endearment in our organization.

We have a couple of PhD nerds whose job is to bring all of the academic rigor of research to the data analysis that we do.

And so I'm just I'm wondering, like, given everything that you know about well-being, you know, everything that you've studied, what can firms do to better support advisor well-being companies? and reduce that turnover and burnout.

But, you know, what were, you know, sort of some of the top drivers of happiness this time around?

Yeah.

So when we try to drill down to what are the drivers of happiness, just for context, for folks who are listening, our research team is a pair of PhD nerds.

We say that affectionately.

I am the chief financial planning nerd.

That's a term of endearment in our organization.

We have a couple of PhD nerds whose job is to bring all of the academic rigor of research to the data analysis that we do.

And so I'm just I'm wondering, like, given everything that you know about well-being, you know, everything that you've studied, what can firms do to better support advisor well-being companies? and reduce that turnover and burnout.

So it's kind of the things that they would, you, you might expect someone to do in a, a post sixty-five retirement, but very possible to, to bring that earlier in their careers.

So I feel like this is one that, you know, we, we balk at sometimes as advisors, 'cause I, I mean, just as I'm hearing you describe it, I'm already thinking the, like, but, you know, you might, you might slow your, your career progression, and, you know, if you have a year where you're not saving, like, do you know what that compounds to after thirty or thirty years of, of having not saved there? Or like, I, you know, you, you may have to draw down the portfolio when you're thirty-five, taking your sabbatical.

Like, do you know what the future value of that is at a seven percent compounding growth rate for, uh, when you would've been age sixty-five? Like, I...

It's th-this feels like one that we often pause or balk at a little bit as advisors because it, like, it In the spirit of we're trying to get to financial independence, like this is like a financial independence setback.

I mean, I understand, yes, sabbaticals people may enjoy for literally the thing you get to do on the sabbatical, but it-- I don't know, it, it feels like it, it tears at me to say, "But you're literally setting your financial independence goals back, potentially materially."

So maybe instead of working full-time to sixty-five and then leaving, we're dialing it back to twenty hours a week at sixty, sixty-one, sixty-two and following the path to, to see how long it feels, you know, fulfilling for, uh, both financially and personally.

personally.This just reminds me, I had a client a long time ago, uh, Sheila, who kind of wanted to retire, couldn't quite make the math work yet, really didn't like her work and wanted to get out.

And we got into this conversation of, well, like, "Sheila, what would you do if you did retire?" I just, I always like to ask, like, you know, I find there's clients who are retiring from something, clients who are retiring to, the clients who are retiring to, it tends to go better.

But, you know, what were, you know, sort of some of the top drivers of happiness this time around?

Yeah.

So when we try to drill down to what are the drivers of happiness, just for context, for folks who are listening, our research team is a pair of PhD nerds.

We say that affectionately.

I am the chief financial planning nerd.

That's a term of endearment in our organization.

We have a couple of PhD nerds whose job is to bring all of the academic rigor of research to the data analysis that we do.

And so I'm just I'm wondering, like, given everything that you know about well-being, you know, everything that you've studied, what can firms do to better support advisor well-being companies? and reduce that turnover and burnout.

So I don't think our job goes away or our value goes, goes away overnight, but if you are not seriously thinking about what does this industry look like in five years, you are going to wake up with a big, big problem.

So, so I wanna, so I wanna actually keep this for a moment in the, in the frame of your HVAC woes, as it were.

'Cause I, I, I think it actually translates more to what our future looks like than, than you may realize, Michael.

So here, so here's a couple of lenses that I would, I, I would give to this.

Um, after the first person came in and you got to run that quote through Claude, you became both a more, I'll call, like, a, a more knowledgeable, sophisticated consumer, which is why when the second person came in, you were like, "No, no, no, this is BS." Like, "I already know the first person was swinging high.

I'm not thinking the first person looks great because you quoted me 48.

I'm thinking the first person is high, and you're more absurd, so I'm going to a third." So you became a more sophisticated, better consumer, and you weeded out someone who just sells high-priced stuff to everybody they meet and hopes that some of them won't realize that it was too much, when more than they need.

Not here today, but very easy to imagine a world where all of this does exist at scale.