Welcome to the Get Ready Money Club newsletter; a weekly newsletter with recommendations to help you succeed on your financial journey including one simple action item.
This newsletter is 1,618 words, a 6 1/2 minute read.
✅ Week #4 Action Item: Plan for upcoming life events.
🌎 The big picture: Life events can impact different areas of our
financial life.
🤔 Why it matters: Every life event will impact our goals and
how we can achieve them. Following the Get Ready Method helps you know what to update and what to consider.
💡 Here’s what works: Life events will impact different areas of your financial life. Consider what you’ll need to review for each life event. Here are the major life events:
- Business ownership.
- Caregiving.
- Disability.
- Disaster recovery.
- Divorce.
- Financial independence & retirement.
- Home purchase.
- Inheritance & windfalls.
- Leaving a job.
- Marriage & domestic partnership.
- Military.
- Moving.
- Parenthood (birth, adoption, foster)
- Pet ownership.
- Special-needs child
- Starting a job.
- Starting out (turning 18) & college years.
- Widowhood.
😎 Bottom line: Stay prepared by updating your financial life as you encounter life events.
💭 Habit of the week: Review how any current life events impact your financial life.
🤔 Question(s) of the week: Do you have any life events coming up that will require updates?
💁♂️ Advisor/Coach Corner: Review upcoming life events with your clients and guide them to the appropriate resources.
📝 Resources:
Get Ready Money Club Members:
- The Get Ready Discussion Guide. Discuss upcoming life events with your family and support team.
Get Ready Library and Toolkit members can access your resources for this week's action item (#4) from your Get Ready Library dashboard (located in Monthly Focus Area 1: Habits and Planning):
- The Get Ready Blueprint week 4 worksheet where you’ll review add any life events coming up in further detail and what focus areas will need attention.
Access Your Get Ready Resources here
The Get Ready Library expands on each week’s action item and provides worksheets to help you complete each week’s action item, create a to-do list, track your habits and organize your financial life. It also includes access to all of my books.
Get Access To The Get Ready Library
🤔 Are you truly empowered with your money?
Financial empowerment starts with knowing where you stand.
Take the Money Empowerment Quiz to see where you are on your journey to taking control of your finances.
✨ Your results will give you:
✅ A clear checkpoint on your money journey.
✅ Insights to guide your next steps toward financial confidence and control.
🚀 Don’t just wonder—discover how to take charge of your financial future!
See where you are on your money journey (take the quiz)
💡 Start Your Financial Freedom Journey NOW with your Money Vehicle
🙌 On the latest episode of The Get Ready Money Podcast, I spoke with Jedidiah Collins, author, Founder and CEO of Money Vehicle about changing the way we think about money and why it’s a vehicle for our financial journey.
In this episode we discussed:
🔹 Why education without action fails.
🔹 What is a CFP?
🔹 Stop worrying about the world sees in you, think about what you see in yourself.
🔹 If we can change the way we see money, we can change our future.
🔹 Questions are your framework for financial success.
🎙️Watch or listen to the podcast (here).
The Get Ready Money Podcast is also available on YouTube and your favorite podcast app.
💡 Insurance: The Key To Financial Preparedness
🙏 Thanks to Money Read Global for hosting the Financial Success Summit 5.0 global panel exploring insurance as a risk management tool with Faith Teope, Marguerita Cheng, Tokiso Tkay Nthebe and Benjamin Nathan Otchere.
🧐 Here’s what we discussed:
🔹 What is the purpose of insurance?
🔹 How does insurance work?*
🔹 When should I get insurance?
🔹 What are some myths about insurance?
🔹 What is the role of insurance in personal finance management?
🔹 Have we created enough awareness for insurance?
🔹 What is the future of insurance in this digital and AI-driven age?
😎 Check out the conversation on The Money Read Facebook page: (here)
🤩 Tony Steuer Recommends
📖 The Longevity Economy's Gap: Disaster Preparedness for an Aging America by Dr. Joe Coughlin. Current emergency response systems fall dangerously short in addressing the realities faced by older adults during disasters—people are at greater risk because they are likely to be less mobile, more isolated, and manage multiple health conditions. Read it on (LinkedIn).
📚 The New Retirementality; Planning Your Life and Living Your Dreams by Mitch Anthony. Recommended by Andy Tenon. Includes new research and studies on the latest retirement realities and investing toward a greater Return on Life™ What it means to retire on purpose, the expanding role of work in retirement, and how to self-direct your future by becoming your own benefits director. Check it on (Bookshop).
🎙️ Mapping the Future: Turning Financial Conversations into Action with Adam Holt and Jack Sharry on The Wealthtech on Deck Podcast. Adam discusses how visualizing goals drives meaningful financial actions. He also highlights how financial advisors can prepare for major shifts in wealth transfer and client expectations in a tech-enabled era. Check it out (here).
🎙️ From Track to Bobsled to Financial Success with Lauryn Williams and Naseema McElroy. Lauryn shares her incredible journey from track and field to bobsled, becoming the first American woman to win medals in both Summer and Winter Olympics. She opens up about the financial mistakes she made as a young athlete, how she turned things around, and why she’s passionate about helping others with their finances. Watch it on (YouTube).
🎙️ How Emotions Shape Decisions in Wealth Management with Dr. Joshua Wilson and Catherine Tindall on The Financial Advisors Want To Know Podcast. Emotions First, Logic Second: People make decisions emotionally first and use logic to rationalize them. Advisors should connect with clients on an emotional level before diving into the technical details.Watch it on (YouTube).
🎙️ How to File an Insurance Claim After a Wildfire by Tobie Stanger and Paul Hope for Consumer Reports. Follow these tips to make sure you're compensated adequately in the wake of a disaster. Read it (here).
🎙️ How to Financially Prepare for Natural Disasters with Misty Lynch on the Demystifying Money Podcast. Discover practical tips and strategies to safeguard your finances during unforeseen events. Understanding optimism and normalcy biases. Building an emergency fund. Importance of digitizing key documents. Reviewing insurance policies and coverage. Strategies for credit and lender communication. Check it out on (Apple Podcasts).
📖 Why Bilingual Financial Education Matters by Sam Renick. Language barriers often limit access to vital resources, including financial education. By offering materials in both English and Spanish, Sammy Rabbit aims to decrease these barriers and make financial literacy more accessible to a wider audience. This means, parents and children will be able to learn together in the language they are most comfortable with, fostering a shared understanding of essential money habits and financial principles. Read the article (here).
📖 How Guaranteed Income Can Boost Retirement Spending by Jason Kephart for Morningstar. We assess the role of Social Security and other forms of guaranteed income in retirement. Read it (here).
📖 Why Do Most Financial Advisors Fail Within the First 3-5 Years, and How Can We Change That? By Derek N.H. Notman, CFP. A look at why financial advisors fail at such high rates and outline actionable strategies to improve their success. With insights into lead generation, mentorship, and training, insurance and wealth management firms can help advisors build sustainable, thriving careers. Read it on (LinkedIn).
🏆 The Money Awareness and Inclusion (MAIA) Awards are now open for 2025. The MAIAs – celebrate the increasingly important work being done to help people understand money better, and benefit from the financial system. Whoever you are, and however you are helping other people learn about money, we think there’s a space for you at the MAIAs. The deadline for entries is March 31, 2025. Enter (here).
🧐 Kitces Directory of FinTech Solutions for Financial Advisors! Here you can browse and discover technology solutions for RIAs and independent broker-dealers. Feeling inspired? Head over to the Stack Builder to create a stack for your advisory practice. Check it out (here).
📚 Take Your Seat at the Table: Live an Authentic Life of Abundance, Wellness, and Freedom by Anthony O’Neal. Find the key to taking ownership of your life and becoming the person God created you to be. Check it out on (Bookshop).
🎤 The Summit 2025: Tax Planning and Practice Management hosted by Retirement Tax Services and The Perfect RIA - September 30-October 3, 2025 - Tempe, AZ. Focused on tax planning, practice management, and growth, THE SUMMIT brings you practical, hands-on learning through expert-led sessions, case studies, and workshops. Learn more (here).
🎤 The Advisor's Guide To Estate Planning: How To Implement, Market, Drive Revenue, & More! Hosted by Andres Mazabel and Diana Cabrices of Trust & Will (Virtual & Free). . In this webinar, we’ll show you how to implement estate planning effectively, position it as a revenue driver, and market it to attract new clients while deepening relationships with your existing ones. Register (here)
🎤 Unleash AI for Business Summit hosted by Bob Dietrich & Pamela Dunn Featuring Hugh Massie and 35+ other speakers. Free 2-Day Virtual Event. Top Entrepreneurs Reveal Secret Al Strategies To Attract Clients, Create Copy That Converts & Make More Money. Register (here).
Thank you for being part of the Get Ready Money Club. Please hit reply to share your thoughts.
Let’s Change The Way We Think About Money!
Tony
Want more Get Ready?
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📰 Share this newsletter with a friend or colleague so they can change the way they think about money (here)
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🤔 Quiz: Take the Money Empowerment Quiz and see where you are on journey to financial empowerment (here)
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