Chapter
Using Technology to Simplify Financial Planning
38:09 - 44:23 (06:13)
The founder of a financial planning company discusses the importance of using technology to make financial planners more efficient and accessible to those who are overwhelmed with personal finance. The goal is to offer affordable assistance to clients through digital means.
Clips
The goal of building a financial planning company with enough technology to make financial planners efficient and able to offer help to people at less than half the cost of the rest of the industry.
38:09 - 42:09 (04:00)
Summary
The goal of building a financial planning company with enough technology to make financial planners efficient and able to offer help to people at less than half the cost of the rest of the industry. People get overwhelmed with personal finance, and aren't as likely to plan their own finances without some assistance.
ChapterUsing Technology to Simplify Financial Planning
Episode#065 - Chris Hutchins - The Basics Of Money Management
PodcastModern Wisdom
The entire business model of some big financial institutions in the US is based on selling life insurance policies that aren't necessarily beneficial for the buyer, and they could go out of business if the level of responsibility changes.
42:09 - 44:23 (02:13)
Summary
The entire business model of some big financial institutions in the US is based on selling life insurance policies that aren't necessarily beneficial for the buyer, and they could go out of business if the level of responsibility changes. It's similar to medical and pharma companies advertising on TV - forcing something down your throat that you might not need.