Saturday, October 4th. The Chief Operating Officer of The Milwaukee Brewers.

I want to start today with a financial planning idea that sounds almost irresponsible.

Are you ready?

Yeah.

Die with zero.

Now, there's an entire movement around this area.

And no, I don't think the message is that we should spend our last dollar five minutes before we die and slide into home base.

No.

But it does raise a fascinating question.

What if we've become so focused on having enough money for retirement that we actually have forgotten what the money is supposed to do for us in life?

Yeah, and I think that's really the important part.

A good financial plan isn't necessarily about accumulating the largest possible amount of money.

It's more about using your resources intentionally over your lifetime.

Yeah, I agree with you.

We're so good at calculating the return on our money.

Maybe we should also think about the return from our money.

Now, what did it allow us to do? Who did it allow us to help? What experiences did it create? Arabella, here's the $5 million question in my mind.

Let's make somebody listening very wealthy.

She's 70 years old.

She has $5 million.

Her financial plan looks amazing.

And she's still afraid to spend $20,000 to take her children and grandchildren on the trip she's talked about for the last decade.

Is that financial discipline, or do you think something's maybe gone fundamentally wrong? Do we need to tweak her thinking?

I see the situation a lot with clients, and that's really where planning becomes more than just the numbers.

If the analysis shows that she can afford that trip without jeopardizing her future, then the obstacle may no longer be just purely financial.

It may also be psychological.

I want to start today with a financial planning idea that sounds almost irresponsible.

Are you ready?

Yeah.

Die with zero.

Now, there's an entire movement around this area.

And no, I don't think the message is that we should spend our last dollar five minutes before we die and slide into home base.

No.

But it does raise a fascinating question.

What if we've become so focused on having enough money for retirement that we actually have forgotten what the money is supposed to do for us in life?

Yeah, and I think that's really the important part.

A good financial plan isn't necessarily about accumulating the largest possible amount of money.

It's more about using your resources intentionally over your lifetime.

Yeah, I agree with you.

We're so good at calculating the return on our money.

Maybe we should also think about the return from our money.

Now, what did it allow us to do? Who did it allow us to help? What experiences did it create? Arabella, here's the $5 million question in my mind.

Let's make somebody listening very wealthy.

She's 70 years old.

She has $5 million.

Her financial plan looks amazing.

And she's still afraid to spend $20,000 to take her children and grandchildren on the trip she's talked about for the last decade.

Is that financial discipline, or do you think something's maybe gone fundamentally wrong? Do we need to tweak her thinking?

I see the situation a lot with clients, and that's really where planning becomes more than just the numbers.

If the analysis shows that she can afford that trip without jeopardizing her future, then the obstacle may no longer be just purely financial.

It may also be psychological.