🙌 On this episode of The Get Ready Money Podcast, I spoke with Chad Holmes, Author and Owner of Formula Wealth about changing the way we think about money and creating an inheritance playbook.

🧐 Key takeaways:

🔹 Proactively planning together with the next generation maximizes financial legacies (include all generations).

🔹 Pay attention to your clients - ask them what questions do you have?

🔹 Tailor your conversations to your clients.

🔹 The earlier we can have conversations with our parents/partners, the better things can go.

🔹 Hiring an advisor is an investment - the value received should exceed the investment.

🔹 Money should not be taboo.

 🎥 Watch this episode below: 

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🎧 Listen to the podcast below or on your favorite podcast app.

Connect with Chad Holmes: 

•  Formula Wealth Website (here)
•  LinkedIn (here)
•  Facebook (here)
•  Instagram (here)
•  YouTube (here)

Books: 

•  The Inheritance Playbook: Helping Your Parents Pass the Torch, Not the Tax https://amzn.to/3BtWLg2

Resources mentioned: 

•  Mom and Dad, we need to talk by Cameron Huddleston (Amazon)
•  Putting a value on your value: Quantifying Advisor's Alpha - Vanguard Study (here)
•  The Power of Compound Interest - The Get Ready Money Podcast episode (here)

Bio:

Chad Holmes, CFP®, CPA, CPWA® runs a boutique financial planning firm out of Fairhope, AL, serving families nationwide as a flat fee financial advisor (no commissions or sales products), focusing on minimizing taxes and maximizing legacies from a multigenerational perspective. As an expert in his field, his advice has been published in various outlets, including The Wall Street Journal, MarketWatch, and Yahoo Finance. Chad is both a CPA and CFP® fiduciary. His latest accomplishment is becoming a bestselling author with his new book, The Inheritance Playbook – Helping Your Parents Pass the Torch, Not the Tax.