Parental Financial Advice

Brian AKERS, CFP, and his son Noah AKERS, a financial advisor, discuss the importance of parental financial advice on their radio show. Brian shares how his mother's influence led him to a career in financial planning, emphasizing the value of work ethic and confidence. Noah reflects on his own journey, highlighting the significance of small, consistent actions and the impact of his mother's encouragement. They stress the importance of financial planning, starting with a clear understanding of one's financial situation (financial fingerprint), and the role of financial advisors in guiding clients towards their goals. The show aims to honor Brian's mother on her 80th birthday and encourages listeners to start planning for their retirement.

Transcript

Unknown: 0:00

The following is a pre recorded show, welcome to winning in retirement with your host, Brian AKERS, Certified Financial Planner, professional and founder of AKERS Financial Group, now helping you win in your retirement. Here's Brian AKERS,

BRIAN AKERS: 0:16

welcome to winning in retirement. I'm Brian AKERS, president and founder of AKERS Financial Group, and we do welcome you to our radio podcast, winning in retirement. I'm excited for today. It's a big day, special day, we're bringing my son. No AKERS, a financial advisor from AKERS Financial Group. He's got all the licenses. He's been with AKERS Financial Group since 2014 working his way up to this moment, almost like coming to the big leagues and his rookie at bat. No. AKERS, welcome to the winning and retirement radio show. Thank you so much for having me on Dad. Dad, no one's ever called me that on a radio show before, but this actually works, so I appreciate that very much. Noah, now I we did do a title today called parental financial advice, and we're not trying to make you I'll tell everybody how wonderful. I mean, yeah, sounds like

Noah Akers: 1:05

you're setting yourself up for feedback. We're trying

BRIAN AKERS: 1:09

our best to do a show called parental financial advice, and I want everyone to understand why I want to do this show so badly. And it's this. Today is my mother's 80th birthday, and it means a lot to me, because my mother is the one that truly helped me get in the financial planning industry. She went to my father's 25th high school reunion, and that dinner that night was another financial planner, CFP, head of the Maryland Financial Planning Association at the time, and she asked him the following question, he said, or she said to him, she said, My son wants to do that when he grows up. Now he grows she didn't use that word. What did she say? She said, My son wants to do that when he finishes college. And he said, Well, send him by. And so my mother was that first influence of giving me my first internship job during college, while I was at Virginia Tech. So this show is gonna be parental financial advice. I'm gonna say it's gonna be a lot of it from my mother. And then, Noah, you got your own side of this when it comes to parental financial advice. And I want you to not hold back on your parents, even though I might be one of them. Yeah,

Noah Akers: 2:15

my mom never gave or my mom, your wife, never gave me any advice. Of like, you need to follow your father into the business. That's kind of like in high school. You're like, no, I got an internship open if you'd like to come type in numbers. So I started off doing that, and then I worked my way through doing operations, and now I'm leading your pair planning team and also meeting some of my own clients. And so I'm glad that you helped bring me along into this business, and I'm glad, I guess my business almost started with your mom as well. In that moment.

BRIAN AKERS: 2:43

I believe the the AKERS financial was started with that moment. Yeah, because I had a dream about being a financial advisor since I was young, to help to the goal was to help. And what we want to try to get across in this show is, where did that all come from? Where does the concept of helping people where they are, no matter what size? That's why AKERS financial doesn't have minimums. We help those that come through the door where they are and get them to where they need to be. And why it's so important to us, it's valuable. It's a very valuable thing. So no AKERS, this is your first radio show. Your knees are knocking or not.

Noah Akers: 3:16

No, I'm standing up straight, shoulders back, feeling confident,

BRIAN AKERS: 3:21

excellent. So Noah. Noah is a college soccer player. He's also has MBA from Karen University. We've been putting him through every testing, every schooling, and he's had to go through the gauntlet of financial planning training at AKERS Financial Group, which every advisor has to go through at AKERS as we build our team of advisors. All right, so no, we're going to do our very best to do a good show for everybody. You ready? Yes, of course. All right. So my mother, yes, she loved to talk about things and sort of basically, how do you put it? Require things of me, and almost imply that I had, I had to get things done. But the one thing she always did was she believed that I could do it. Now, she might have said it in a different way, by saying basically making sure I did it, but her belief in me, and then her mother's belief in me helped me have confidence, which I mean sometimes you probably think I have too much confidence in things, but generally that confidence was was helped by my mother, my grandmother, by people who had influence in my life when it came to truly understanding that you could do the things that was valuable for me. Yeah,

Noah Akers: 4:25

that is so important to have someone whispering in your ear, giving you encouragement, telling you to take that next step. Because I know we've talked a lot about how you built your business, or businesses, right? I don't know how many people know that you once had a jet skiing business. And so the hard work of just gathering things together, organizing people, finding the right other people to work with, is such a difficult thing to do, and you're just willing to put your foot out there, take the next step, and to have my mom or mom for you to help you take that next step is so important.

BRIAN AKERS: 4:55

Well, we think about financial planning and their clients when they come in. We need. Give them the confidence that they're okay, yeah. And so the concept, are you retirement ready? That's a fun topic for us, where we go over the numbers, and then you've been punching the numbers for years for us, and knowing that the numbers are good, and it's just a matter of, are you ready to retire? Not your financial numbers look good, but are you ready to retire? That's a fun place to get

Noah Akers: 5:21

everybody to, yeah, sometimes it's just they already have, like, the concept of putting money away, right? They're not putting money away into the correct buckets to best be the most tax advantaged as they possibly could, right? They already have the behavior that you need to save for retirement and to build wealth. So then you, one day, you can hand in your resignation and you can go do whatever job you want to do in retirement, whether that's grandkids or mission work or going on vacations, that sort of thing, having that already set up in advance with that work ethic is so important.

BRIAN AKERS: 5:56

Yeah, the work ethic is going to be a big topic of our day. Is understanding why work ethic matters. Now, we were blessed with people that raised us in a way where we had a foundation of what of faith, we had a foundation of family, and that was something that we had to build on. Now not everyone gets that, and so as we do the show today, I want you to understand that you can start new. You can start basically financial life that's going to be better for you and your family by starting now. That doesn't mean that you can go backwards and change things, but you truly can start things anew. So the things we talk about today, the habits we might have learned through people that we know, what happens is this, we had to apply them. We had to listen. We had to take the advice and do it. There are things that we don't listen to right when it comes to parents,

Noah Akers: 6:49

though, can we bring those? I have listened to absolutely everything that I've ever been told, Oh,

BRIAN AKERS: 6:53

come on, though I told you to work out when you're 12 years old, to start getting that weight room, everything.

Noah Akers: 6:58

I wish I did. You know, I went, I went to a weight room with my baseball coach right when I was 14, right? Maybe one time, yeah, and he showed us how to do everything. And I was like, Oh, I'm gonna do it. Did not start. I started doing that in college. Thankfully, that helped a lot. But with soccer, as we spoke about earlier, I'm just curious. We've talked about stories from your childhood. Is there anything in particular, maybe that you did with your family that kind of really seeded into you, like a work ethic or like a positive mindset, something that really helps set your business going forward.

BRIAN AKERS: 7:32

I would say, generally, my family was involved with a lot of different people. So my father came from a federal government job, so back then, he had the incredible job of a great pension and a belief that the government provided for him, and that worked very well for that generation. For him, it was as I was growing up that the transition but based on ERISA and all the laws and the fact that we can no longer count on our company or or the government to fully fund their retirement years, we had to do something else, something different. But growing up, my family got to go camping. Our family got together with people that own small businesses. Now, the small businesses I was excited about because there was risk to it, but that risk had reward to it, and that reward meant control of your time. You weren't basically relying on someone else, sort of like bureaucracy. Of certain jobs can be terrible, because those were family dinner nights. We're talking about the good and the bad of the job. So I think the years and years of the talk of the mindset of maybe being inside a government type job versus being an entrepreneur and being on my own, I love that other part. Yeah,

Noah Akers: 8:43

that's so important to know exactly what you want going into the freedom of having your own business, but also the risks that come along with it,

BRIAN AKERS: 8:51

yeah, and the craziest thing is, the risk of getting started would almost make it where I always felt like that meant I didn't have the belief that it could, could achieve it. And so the concept that I had, the mindset that I'm going to achieve these goals, has always been in my mind. So I think the same way with our clients, when it comes to financial planning, legacy, whatever size, whatever they want to accomplish, I don't see it as a hindrance. It's just a matter of, how do we do it? Let's figure it

Noah Akers: 9:18

out. Yeah, and being there, being able to coach alongside. I mean, I'm sure you've had many beginning influential factors, like you talked about with family, other small business owners that you were able to interact with. That kind of helped give you, like, pave a way of what my next step should be in business. What should my my next step be in trying to win for retirement.

BRIAN AKERS: 9:36

And the key is starting. The key to starting so like, when we do radio shows. Reason I love the radio shows for the last 20 plus years is the fact that with an open mic, you can actually get people to understand how we think, how we work, and then what happens is they already got to know us through the radio show. Then when they come in to AKERS Financial Group, they sort of know what we stand for, and then they know that they're coming in to talk about their situation, to do play. Planning. They know that integrity matters, that we're going to do what's best in their situation, basically being a fiduciary before fiduciary was cool, and taking where they are and to where they need to be is financial planning. Yes, there will be answers implementations, and we got all the license to implement, but the concept of where do we start? And that's with that client and their goals. That's like with everything in life, is understanding how to start.

Noah Akers: 10:27

Yeah, you gotta know a little bit beforehand where you want to go. You don't always have to know the next step. It's starting, like you said, it's just beginning, beginning to set that money aside, to build for retirement, beginning to take some more risk in your business, willing to grow it to the be the best that it possibly can. I know that we have a lot of small business owners as clients, and sometimes what you just need to give them is encouragement, give them that confidence to keep going

BRIAN AKERS: 10:54

absolutely because there are tough days. It's never just all easy, you know, just you don't have a you don't put a shingle out with your name on, and also everybody flocks to the door. It takes time, and you have to earn it. And earning it, it's a fun part for me. I like the idea of the hard work it takes to earn it. That's why, when I did start my first company, I also became a basketball coach at the same time, was that that was a passion from the hobby that I want to be and now I could call it hobby for a lifetime, because of 35 years doing that also, it's just interesting how things are guided in this kind of directions. So today's show is a parental financial advice, and it's a little weird in that my son knows here, and then we're talking about parents. I have not let him talk much about his parents yet, so I promise you that's coming up in the second quarter. No holding back next time, though, does that sound? All right, yes, sir. Yes, sir. He's never said that before. All right, that's funny. So AKERS Financial Group, we want you to learn how to retire and understand that winning in retirement is about your choice about your version of winning in retirement, because we all know, the best part of retirement is going to be getting your time back where you are. You decide how to use it before retirement, your time is tied up with other commitments, you know, mainly your job. A lot of that goes away in retirement, your time is now consumed by things that you want to do. It's so easy to begin winning in retirement. Go to go to our website at AKERS, financial group.com scroll to schedule a meeting section and let us know you'd like to schedule your free meeting right there on the website. That's AKERS financial group.com or call us at 833 when retired. That's 830 3w, I n, r, e, t, I R, E, we'll give you a call on Monday to schedule your free in person meeting. Go to AKERS financial group.com or call us at 833-946-7384 this is our planning for your retirement? Now, what does work ethic have to do with retirement? We'll talk about that when we return.

Unknown: 12:48

You're listening to a pre recorded Show. Welcome back to winning in retirement. Call 833, win retire now to schedule a visit with Brian and his team and begin winning in retirement once again, here's Brian AKERS.

BRIAN AKERS: 13:03

Welcome back to winning in retirement. I'm your host. Brian AKERS, from AKERS Financial Group, and also from AKERS Financial Group, is no AKERS. He's here to co host with me today. No AKERS is a financial advisor from AKERS Financial Group, but today we've let him out of the out of the minor leagues. Now not gonna say it that way out of the back of the office. I would say, No, it's been been grooming for 10 years at AKERS Financial Group as he got through college MBA, and then last few years, I'm getting ready for the opportunity to be a financial advisor. He's been doing that for a while. And now the radio show, and the radio show today is called parental financial advice. On the show is geared towards financial advice, because on today's my mother's 80th birthday, and we say happy birthday to my mom, but we also want to take advice from my mom and from your mother and everybody else. So again, parental financial advice is our topic. This quarter is talking about, what does work ethic have to do with retirement? How do we want to start this? I'm talking about the oxymoron of retirement and work. I

Noah Akers: 14:01

thought I wasn't I thought in retirement I was supposed to work. I thought I was supposed to retire to relax, you know,

BRIAN AKERS: 14:08

well, you think of that work ethic and retirement, well, how about No,

Noah Akers: 14:12

no. I mean, we've had plenty of clients who retired early from their job, or even retired on time, you could say, depending on what their definition of retiring on time was and then began their passion projects. They dove into the businesses that they always wanted to do but never had the guts to do, never had the push to go to the next one. They felt like they needed to be financially secure.

BRIAN AKERS: 14:33

So you're calling that passion project. That's a pretty good word. I like that one. Thank you. So passion projects would be what you're retiring to so the work ethic that you're doing now, because you get paid, whatever you're getting paid now, is probably the best you can passion projects might not pay as well, yeah, but, but when you're financially independent, you have the ability to retire at any point in time, and when you know it's time to change careers and do that, next piece will. Passion Projects or the other thing to do in retirement. I love people retiring with a purpose, retiring with knowing what they want to try to get out of it, what they're going to do the next day. Retiring to no plan is a difficult retirement, I find, because people are like, little bored and they wish they could get back to their old job. So the concept of this is work ethic. Have to do with retirement. The first the oxymoron part is, does work ethic still have to be in retirement? I think the concept of work hopefully, it's all different, but the work ethic we want to cover is habits we develop that can formulate us or form us into the people that accomplish these kind of big deals, these big things.

Noah Akers: 15:40

Yeah, those are huge, and they can begin just from tiny, little things that you had growing up, like experiences with my mother. Yeah, something that I would love and admired about her was her work ethic. Yeah, she was so dedicated to always keeping up with the laundry, keeping up with the dishes, making sure that I had a snack coming home from school, because, you know, he'd be hungry as a kid got to grow. And so having that routine that she would build up is such a good form of advice that she gave through her actions and that she was able to showcase to me, and you did, of course, not to toot your own horn, or, yeah, you know what I'm trying to say, Sure, with having that hard work ethic mentality, applying that to your finances is the same method in which, like we said in the first quarter, you just need to start but you also need to make it a healthy routine. You need to make it a routine where you're checking up on your finances, knowing where money is going, knowing where the money's coming in from. Half the people we speak to, they haven't looked at a bank statement in years. They just kind of go by the seat of their pants and continue through life, and they're like, oh, money's coming in. I know I'm not spending too much because the bank doesn't tell me that I'm have any overdrafts, you know,

BRIAN AKERS: 16:55

right? And so we get a little frustrated because there isn't this concept of understanding that they're working hard, but working hard for what and the money needs to work hard for them. The money needs to have purpose and be assigned to that future goal. You know, like I believe, in your financial life, you've had goals. You've been able to accomplish those goals because you put purpose to your money. You put purpose towards pushing that money out, purpose to your money, and throwing it to the future, Noah and that kind of thing. Yeah,

Noah Akers: 17:25

actually, I remember sitting down with you, and you sat down, and the first thing I thought you were going to say, I thought you were just going to tell me what to do with everything, but you started off with, what are your plans? What do you want to do? And that really took me back. I was like, Oh, I have to have my own formulated plan, but I don't have to have my own plan. I just want to tell you what I wanted to do with my money, and then you gave me the assets, the values, how I can accomplish those goals. And that was so helpful. It helped me save up for down payment on my car, down payment on my house a couple years ago, and all of that just came through a lot of dedicated taking money out of my paycheck, not spending it on frivolous things, putting it into assets that'll grow in the proper time and the manners. Of course, you can't predict the market, but you can always pick the best assets that have historically performed in those kind of time periods,

BRIAN AKERS: 18:16

absolutely, and they don't have to start with a lot. No. I mean, you just have to start. That was all you need. So the true key was, planning is where you have a goal, and the goal is something that you care about. You set up a timetable. Once we have a goal and a timetable that will almost dictate how to invest it. So as a financial planner, when we know the time, the risk and everything, we can tell you what investment fits, and then we guide and then we get you into a habit of paying yourself first, and by paying yourself first, you're going to accomplish whatever goal you have set. And that's actually worked out well for you. The last 10 years, right? You've been able to accomplish the goals

Noah Akers: 18:52

you had. Yeah, I have bought our house. It's wonderful. Yeah, you still have the car that we purchased five years ago. Yeah, yeah, from saving up for that, and now we're saving up for the next projects. What's the next things like,

BRIAN AKERS: 19:04

what did you know those were married almost two years, and he has a house. He has the ability to maintain the house and bring it the best thing to understand is this, is that a lot of younger people are not able to get into a house early in life, especially nowadays, they might have to wait to their 3035 I think the average in America is in the later 30s on the first house purchase. And the answer is, why? Well, some of it has to do with the idea of spending early and spending a lot of money early. And what did you What did you learn about being frugal, or what did you learn about overspending during your life? Don Yeah,

Noah Akers: 19:40

yeah. So I just made it a very high point on my things to do, of checking up on my credit card spending, on my bank statements, I would check that to see where the money was going and see what I could where I could trim the fat, right, where that fat I could then take and I could use it. In other ways I could pour into growing it, to build for the car or build it, building it for the house. And so it's very important to kind of set aside those goals and to put the money towards those goals, like you said. How'd you get like that started?

BRIAN AKERS: 20:15

What's your mother do to you?

Noah Akers: 20:19

I think one of the stories would be, she would tell me that I would need to look for things harder. I'm pretty sure you remember, oh yeah, I was pretty poor at like, hide and go seek. Yeah, yeah. I would just go to the fridge and just open it up and see what's inside, looking for the ketchup, and I wouldn't be able to find it. So my mom would come over. She pointed out, no, it's right in front of you. You just need to pay attention more. It's right in front of your nose. Like, why don't you just pay attention more? Why don't you just see what's right in front of you? And so as you continually hear these things growing up, eventually it

BRIAN AKERS: 20:52

sticks to the concept of pay attention

Noah Akers: 20:55

more. So you pay attention. And then when you begin to pay attention, you begin to find the right avenues for saving. You begin to see where you can cut and trim that fat.

BRIAN AKERS: 21:06

Yeah. So it comes to finances, we got to tell you this, slow down. Pay attention. Slow down. Understand where your money is. We call that financial fingerprint. Financial fingerprint is where you are with all your money now. So we slow down. Pay attention to what it is, and then let's build a goal. Let's take time to build a goal. Sometimes it's rare that a husband and wife have actually talked finances together. Sometimes, in their means is the first time they do that. Yeah. We can't go backwards in life and say, let's go back and start when you're 18. But the idea is, we can start today. We can start to make it better. Some of the bad habits we've seen people do. They'll call, call me and say, Hey, Brian, I really need to get to you, and then I'm gonna get you, once I get something straightened out, I'll come see you.

Noah Akers: 21:51

Oh, I can't start meeting with a financial advisor right now. It's just not the right time. So what do you mean it's always the right time? Well, that's

BRIAN AKERS: 21:57

because they're not quite ready yet. They don't want us to see some of the some of the pain they are they have. Oh no, show us

Noah Akers: 22:03

the pain. But they want to see it. We want to help. We just want to help. Be servants, because we were to them. We get

BRIAN AKERS: 22:07

them out of that pain faster because of the experience we have in doing it. They're trying to create a way out without any experience doing it. It's like one of our one of the comments I make to you know, is that I retire every day, so as people ask me about retirement, so I got my comment back, because I retire every day. Retire every day with my clients, I guide them, help them. And so retirement for me isn't the first time. It's really a retirement for each client is their first time. I want them to be comfortable and know what we're retiring to make sure you build wealth to tie it into but your comment pay attention is a big deal. So imagine you're listening some way, whatever way you're listening to the air radio podcast here, and you're thinking, Am I paying attention? Well, my answer is, have a free review, a free second opinion by financial advisors, and find out. Are you paying attention to all the right things? Are you listening and following the wrong things? Are you headed to your goals? Are you headed away from your goals? Have you jumped into life with a lot of debt, which we do see a lot. It's an American thing, that jump into a lot of debt. Got to have everything right? How do we get out of those? How do we fix it? How do we get you in the right path is a big, big deal. All right? Noah, I need you to tell more stories. Got more stories for Well,

Noah Akers: 23:21

something that most moms will tell you about is that if you get like a boo boo, as we would say in professional adults, I'm not saying that. Is that a boo boo, you need to run rub some dirt in it, yeah. Oh, I said that. Rub some dirt in it, yeah. It's got to rub some dirt in it, like, throw some rocks. There are some gravel, gravel in there, and just kind of stand back up, get going. Keep doing the next thing you know,

BRIAN AKERS: 23:47

I don't know if we run rocks into it, but sorry, go ahead. Keep going with that. Keep going with the rub some dirt in it. How does that apply to financial planning? Well,

Noah Akers: 23:56

part of me thinks maybe that involves health care. Health care you need to be able to meet with the right doctors, make sure that you have the right health care set up. Other Other opportunities would be to keep going. Take that next step. Don't let that debt really take you down. Don't keep going down into debt. Try to build your way out of it. It takes one step at a time to talk about earlier

BRIAN AKERS: 24:18

or in 2008 you lost money and you got out of the market, and now we're sitting 1718, years later, and you're not going back in the market still. And the problem is you got to put some rub, some dirt, some dirt, and get right back in the game. The idea of getting back into the game is a key thing when it comes to investing. Key thing invest idea with your job. The key thing with even life is to get back into the game. Don't let the one fall, one drop. When these things stop you or prevent you, don't let the negative prevent you. Let the positive push you forward. Be a great thing. AKERS, Financial Group, we're designed as a local company. We're local. We're independent. We work for you. We don't report to a big company on Wall Street. We report to you the client. Million. We do have offices in Lutherville and far so we meet with clients all around the mid Atlantic region, all around the country and even a few around the world. It's so easy to begin winning in retirement, just give us a call and schedule your free meeting with one of our team of advisors by calling 833 win retire. That's 830 3w, I n, r, e, t, I, R, E. We'll give you a call on Monday to schedule a free in person meeting. Go to AKERS financial group.com or call us at 833-946-7384, to start planning for your retirement now, when something breaks, are you going to fix it? We'll talk about that when we return.

Unknown: 25:37

You're listening to a pre recorded Show. Welcome back to winning in retirement. Call 833, win retire now to schedule a visit with Brian and his team and begin winning in retirement once again. Here's Brian AKERS,

BRIAN AKERS: 25:52

welcome back to winning in retirement. As the host says, We do indeed welcome you back to winning in retirement. It's a radio podcast put on by AKERS Financial Group. I am Brian AKERS. I'm a certified financial planner, practitioner from AKERS Financial Group. Here with me today is no AKERS. No AKERS does have the same last name. He's my son, no AKERS. He's been while working for 10 years here at AKERS Financial Group as he went through college, got his MBA, and he's a licensed financial advisor and leads my my team at AKERS Financial Group, as we work with clients together, and then as he works on clients with him, as he directly works with clients. Also now we wanted to have a show called parental financial advice with one main goal, and that goal is the fact that we wanted to honor my mother, his grandmother, and say happy birthday to her. But we also wanted to use some of the sayings, the things that she's led by example, things that she's done during her life, that helps us get to where we meet, where we are. Earlier in the show, I mentioned that the reason I'm in the financial planning industry is because I told my mother what I like to do, and then one day at a high school reunion, she told us, ask a financial planner. How does one get in the industry? And my son would like to do that. And then that financial planner had me come in and meet with them, and then offered me a planning job. The part I didn't tell earlier in the story was the fact that I had a nice construction job at the time during college and making, let's say, six bucks an hour, and I had to go down the minimum wage to start in financial planning. Oh, wow. And so I went down to 315 an hour to be a financial planner assistant. 315 yes, no, wow. I know you can't imagine that kind of number. That's like the price of a Hot Pocket nowadays, correct? Well, we used to be able to get two, two death dogs from 711 I'm sorry, I shouldn't say that loud, two hot dogs from 711 I'm for under $1 get a big golf It was cheap. Gas was cheap life. Life was a lot lower. Inflation does its things to you, and that's why inflation is a big thing in financial planning. But that's not our topic. Our topic right now is this we are covering about, if something breaks, are you going to fix it? Now, the thing of me that is this, how do we learn this from our parents, from her mother and things like that. Now this is gonna sound mean to my father, but my mother would say comments about, oh, my father trying to fix something. And my father and is more of an accountant and person like that. I'm a financial person. We're not the mechanically type people, and so fixing it for us means that, are you going to fix it? Means I can fix something. So I can't fix everything, but if I broke it, I typically, I was told to fix it, to clean it up, to get it right.

Noah Akers: 28:34

I don't think I told you this. Okay. I fixed my dryer a couple months ago, and I was incredibly proud for myself, your dryer at your home. I dryer at my house. Yeah, it like has, like a big band, but it actually works. And it turns and it started working again, and it's kept working, and it's continued to work.

BRIAN AKERS: 28:51

I believe the trades offer amazing skills. They're experts, and so I believe in using experts in all parts of life. Oh, yeah, but this topic is, when something breaks, are you going to fix it? And the thing about financial planning or breaking, well, we do need to fix our problems. Fix our troubles, and doing it on your own, I just don't think that's going to be the quickest way to get you out of the hole. All right. Scott, any good stories about this kind of topic? No,

Noah Akers: 29:15

yeah. So when you're saying something broke most often, I think that we see that we talked a little bit about last quarter. Was a debt going broke, almost in a way, okay? And so when you go into debt, it's kind of like, how did this happen? What happened? And so you start to analyze your finances to see like, Oh, am I eating out too much? Did I online shop? Is Amazon? Is it a problem that the Amazon driver and I are on a first name basis? Probably a problem that you need to create your own way to track your finances? I got them laughing. And so when something breaks, you really need to find a way to fix it, and bringing that to a professional is the best way to do it. I. Will try to do a lot of house projects, yeah, but I don't know a ton. I will bring in that plumber to handle whatever new plumbing tubes need to be put into my house. Of course, I just use the term plumbing tubes, which shows my novice experience with plumbing,

BRIAN AKERS: 30:18

and not even go there. Yeah, go ahead, let's keep going with that story I was going on, okay,

Noah Akers: 30:23

and so it's important to bring a professional in trying to think of a story like Did your mom, she tried to do any house projects

BRIAN AKERS: 30:33

on her own. Oh, my. So my mother was incredibly hard worker, and so she did everything shipped from so my doubt my father would plant the garden, but my mother would take it out of the garden and would do canning. So Canning was a big thing. So a house project for us was canning all the food so that we were ready. And then one of my jobs as a kid was to put it in our basement, and then I had to go get them out of get the food out of there and bring it up for dinner each night when I was a kid, the basement was a crawl space, so it was fun when I was little, like, underneath. That's where you kept everything, on the far back corner, underneath the base. Yeah, so it would be very Dungey looking, but I'd have to go there. And as I got older, I was too tall for it, and I'd usually get injured. And it was, it was tough. But, um, you know, I learned how to eat green beans from 1974 I learned up on pickles, if the seal doesn't work, doesn't look real pretty, everything. So the idea of working hard was important. Something broke, I did have to clean it up. So if I dropped the can back in the back of that basement, I had to clean it up, get it fixed now. So my mother did everything as a work ethic, trying to provide for our family as my father was building his career, and then, and the hardest part is my father was in Vietnam, was I was born, or not in Vietnam as I was born, but getting ready to go to Vietnam. So I was my mother, and I were with him at Fort Benning. Then we went to Germany. And then when he went to Vietnam, we went back to the States. And my mother had to be on her own with me until my father got back. And then my sister came. So the idea is this, that work ethic, my mom had to handle everything for a while there. Now I didn't really realize I was too young, but later on, that same habit was always there for me to see it, to see it in my parents. The hardest part when it comes to when things break in life is how you want to handle it. Does the breaking of it ruin you and stop your day and you can't go forward? Or does the breaking of it mean? All right, let's get going this fix it. I like, I don't mean to say I like when things break, so I get something new, but I I enjoy the concept of, all right, that's broken, and I can make it better. I can do something better. Every Ward

Noah Akers: 32:39

is so big, so important. I remember in summers, we have written down that a lot of people use, like ice pops as like reward for their kids when they do a chore in the summer, when it's hot and they go and mow the lawn or something like that. I don't know if you remember this, but mom used to give us iced tea pops. She'd pour iced tea into like a popsicle, and they were my favorite. That was a reward for work. That was a reward, typically, from coming home from school in the warmer months. I never got rewards for work from your mother. Did she cook dinner? That's a reward? Of

BRIAN AKERS: 33:13

course. I thought, Yes, I need it. I need to appreciate that more. Sorry. This is a radio show we're trying to do here called winning in retirement. Winning in retirement. What does this have to do with any of this? The thing is, this, in financial life, there's emotional decisions and financial decisions. Many times the emotions lead us to bad financial decisions, the emotions of all that broke then you race out and buy something a lot more expensive when you didn't try to fix it first. We want you to think about things. Think about where you're spending. Don't be frivolous with your spending because you have to replace something. Don't just be frivolous with spending because you think you need something. Make sure you have purpose. Understand that there's only so much money to go around. Make sure it's going to the places that you want. It all matters. That's really what we're trying to get at. All right, I got skipped. I got good at different topic. That's right. No, yeah, go ahead. All right, it's got my mind. My thing is this, I think life has to be full of joy and laughter and fun. One of my favorite times growing up was playing two on two baseball with my parents. So I got my sister on my dad's side and my mom on my side, and so we'd play my father and sister, and for me, being my father, was always something I wanted to do. Took a took a number of years to get there, but in Backyard Baseball, one day, my mother, around the third went home and slid in the home, and she was safe, but she just started laughing. And really loud laughing. It was like just one of those great moments.

Noah Akers: 34:39

Yeah, you got to hear her real genuine, a

BRIAN AKERS: 34:41

real laugh, a real laugh. And so when you think about it, I have people in my office that have a real laugh and a real joy. A lot of that is when they come in after they're retired, and instead of being on the edge of their chair, they lean back, and then you could just see they're relaxed. Yeah, the stress is just completely. Completely exited their body, especially when it's a job that they need to get out of, yeah, or there's a lot of stress in jobs right now, especially a new stress for different types of jobs out there. And so guiding them to retirement and getting them to retire as soon as they can is a big part of financial planning. Now, we do manage the money, we do the insurances. We do all those pieces within the mindset of that person and what they want to do. You don't have to know everything you want in life, but we got to work our way through it. We work with people over time to do financial planning so we know that they're going to be okay.

Noah Akers: 35:32

Yeah, we get to tailor things. I'm bringing this back into advice or experiences with our parents. So my mother, whenever she would have a recipe that she was cooking. If she didn't have all the proper ingredients, she would substitute things into the meal. You would ask me, Did that make the meal still taste good? I thought so. I thought it still tasted just fine. And so when you were just talking about how we tailor things to be directed for our clients, and we every scenario that we run into is unique and it's holy. In their own life, with their own experiences, with their work, with their goals, with their what they want to achieve, we really work with the ingredients that we have to build that that proper dinner, and that dinner in this metaphor could be retirement.

BRIAN AKERS: 36:20

Absolutely, there's so many metaphors of things. There's a one like, clean your plate. So that was a rule when I was growing up, clean

Noah Akers: 36:28

your plate. So the clean plate club, you deserve dessert if you clean off your plate. And I

BRIAN AKERS: 36:33

did, was told, right? And I would just clean my plate and get moving, go out and play. And that was something like you had a habit of, you just want to race out and play more, yep. But my sister who, who would not not go with that option, she would sit there until the plate got clean. Somehow, she was very thankful for the dog that helped her get through some of the liver and onion type meals. Oh, man, we didn't make you do that. Yeah. Thank you so much. Is there a meal that we gave you that forced you there was one day where there was a pile of green beans on my Dr Seuss plate, and I'll never forget just the defeat I felt looking at it, and mom was like, You better eat all of that. Be thankful for your meals. I'm not thankful right now. Yeah, we're talking about these kind of things. It's all about financial planning, to me. So there's things you don't want to do, the things you don't like to do. That's what a great financial advisor is. For a financial advisor will sit down and we'll do the hard things. The best thing we can tell you is this is that we love what we do. We love the hard things, because we know when we get through those we then have a great financial plan for you and your family, for your current and for your future, for your legacy and everything that you have. So AKERS financial growth, what we do is we love helping you and making sure you take care of even the hard things we want you to be able to win in your retirement years by starting with your financial fingerprint and growing from there. So it's so easy to begin winning in retirement, just give us a call at 833 win retire. Schedule an in person meeting with one of our team of advisors. That's 830 3w, I n, r, e, t, I R, E, 833-946-7384, or visit our website at AKERS financial group.com scroll down to the bottom of our home page and schedule a meeting right there. Call 833 when retire or go to AKERS financial group.com remember that moment with with your mother? Did she change your life with what she said? Let's talk about that. When we return,

Unknown: 38:23

you're listening to a pre recorded Show. Welcome back to winning in retirement. Call 833, win retire now to schedule a visit with Brian and his team and begin winning in retirement once again. Here's Brian AKERS.

BRIAN AKERS: 38:38

Welcome back to winning in retirement. I'm Brian AKERS today with me. I have no AKERS. We're financial advisors from AKERS Financial Group. That means we are here to advise people on retirement radio shows, general nature. But we do invite you to sit down and talk with one of the team of advisors here at AKERS Financial Group to talk about your exact situation. You go to our website, at AKERS financial group.com, as you had on that website, you can see the winning and the winning and retirement. You see the radio podcast tab and go right there and hear any past show that we've done, and hear this show, record it, um, and listen to it right there. Or you can go to your local, local or your podcast site, anywhere on your phones, anywhere, just to be able to listen to winning and retirement at any time. So you can catch up on what we've said and what kind of advice we give. And then you can come in and sit down with us and understand, help us understand your situation, so we can help you where you are now, to help you get to where you need to be. All right, so no, you ready for the fourth quarter? Yes, of course. Fourth quarter is the winning time. That's when you got to get the ball across the line. If we're behind, or if you're winning, we got to hold the lead, or if we get ahead by a lot, then we take a little easier. Yeah, Defense wins championships. Yes. How do you feel right now? Are we a little behind? Are we right? I look right on pace, but it wouldn't hurt to put a couple more in the basket. All right, let's okay. We made basketball comment. I like that. This is not like soccer, where it's only

Noah Akers: 39:56

one one goal and going 90 minutes and you sit and get a. Excited. That's the only excitement the entire game. No, there's continual battles that happen throughout the game.

BRIAN AKERS: 40:05

There's battles. But soccer is different. Soccer, there's a passion for that one nothing. It's a little different in basketball, because you celebrate a lot, but the passion of the highs aren't quite as high as a soccer goal, because that's few is huge, absolutely. So here in the fourth quarter we're talking about, remember that moment with your mother? Did it change your life? So you're listening to the show. It might be your father, it might be your mother, it might be a grandmother. Might be that special person in your life, that moment where they something happened and it really helps you in your life. All right, no, I'm not sure if this gonna be that deep of a question for you, but give me, give me your comments on this kind of topic.

Noah Akers: 40:43

Well, you told me not to give any stories about you, but I'm going to, and that's because when I was a kid, you know, the only time that I would get money was Christmas or my birthday, and thankfully, both of those were in the November and the December time of the year. Yeah. So that was like the big payout for the year. And so I would take all my cash, and I would line it up from largest to smallest. I'd make sure all the faces were facing the correct way. Then I'd put it together. And one day you saw me doing this, you came in like, that's something I did. And I became a financial advisor. And so then for a while, I was like, oh, I want to be a financial grouper, because you worked at AKERS Financial Group and I thought that you were a grouper. And then 10 years later, when I found out that it's financial advisor, it wasn't 10 years may have been like five. It's your story. Found out that it was an advisor, I was just blown away. Oh, I sounded stupid for so long.

BRIAN AKERS: 41:39

Now, your mother and I love this story, that you wanna be a financial group or someday, and then when you took it to Florida, we tried to feed you grouper, yeah, and teach you what that meant, yeah, right. Barbara was great now, but so because you lined up your money, you got into financial

Noah Akers: 41:53

planning, yeah, yeah. And so that just made me it really categorized in my brain. It set aside, like that mental image of how everything can have its place. Everything has its purpose inside of your plan, and whether that's talking about like life insurance or estate planning or investment planning or diversification or consolidating old accounts, like any of these aspects, can all be put in their place within your financial plan, and there's a there's a set time in which you need to do these things and how to do it, and we get to walk people through that. And I'm glad that I enjoyed counting my money as a kid, but now I enjoy getting to help other people with their money, to count it, make sure the faces are facing the correct way.

BRIAN AKERS: 42:37

Yeah, I think that it's very, very important to understand that financial planning is about helping others. Mm, helping others, and helping others is almost more fun than helping yourself. I think it's wonderful to see success. Wonderful to see them accomplish. Wonderful for them to have that moment when they know they're okay, that moment when the people inheriting the wealth says, wow, my parents did a great job for us, and we really appreciate them. All of those are wonderful moments in time. Now, in my life, I think about my mother, there's a lot of moments, but a couple of bigger ones. One is the fact that I believe in finances and family is about faith and family. And so for me, I know that my mother was a big, big reason that I was guided in my faith, because she was there when I had a lot of stress one night, and really guided me, I mean, my faith, on how to believe and trust in God. And so that really meant a lot. The opposite story would be other things she would do during the day, you know, like we're talking and let's say something went wrong during the day, right? And then she'd make the comment, you wait till your father gets home. And so fear sets in. Well, the craziest thing is that the way to your father gets home was not something I wanted to hear, because my father could just take tell me, go to my room and then what we'll talk in a minute. Think about it, he would come in and honestly, he could just say, I'm disappointed in you, and that was, that was the worst thing that ever happened, and I just be crushed by that, and not have to have any other form of punishment at all, because I was already done, and I knew I'd never I didn't want it. But it all started with a wait till your father gets home comments, so that's when it would begin to build. Yeah, so there's couple different things to learn out of that is this, is that these moments in life can can change things. So when you have a moment where you figure out life and what what matters in life, my mother guide me with that. We think about life and how you want to act and how you want to behave, or how you want to handle things, mother helped me with that. Now she did say, your father's coming home and and I never want to disappoint parents. I was not that kind of person. It wasn't a passion of mine to disappoint them. I wanted to them to understand that I want to listen and do what's right. The hardest part is, as you come a teenager and you get older, is the fact that you got to make your own decisions, and sometimes you might not do exactly what you're. Parents tell you or advise you to do but you gotta sometimes do things and learn. Okay, that worked, that didn't work, that kind of stuff. So the idea of this, these moments that change your life, this has to do with a lot of things, and they create the habits create the person that you are, the person that you are. Doesn't mean that you can't change that still, but you can actually go back to some of that advice. If you think about it, some people run away from the advice. They they test the advice, and then, all sudden, later in life, oh, you there they were right. I should have done that.

Noah Akers: 45:30

Yeah, could take years since all my parents are right or, Oh, I'm just like my parents now, yeah, but I don't, I don't wish that on you, but I get more of I look, you look a lot like your dad. Oh, thank you. And then I usually leave off with, I don't have curly hair, but I'm kind of happy with my straight

BRIAN AKERS: 45:46

hair. Yeah, it's weird, but I always wanted straight hair, but you got it, which is cool. Now, okay, so these big moments in life and you want to change parental financial advice. Now, sometimes parental financial advice you're reading the opposite, you might see your parents finances and not be what you want your finances to be. And that might motivate you to be

Noah Akers: 46:08

prepared. Might motivate some to even become like a financial advisor, you know, right? Like just the have that curiosity if there's got to be a better way than how my parents handled it. Oh, really. And so then, are you

BRIAN AKERS: 46:21

talking about me? No, I'm not talking about you. I'm joking. I

Noah Akers: 46:25

thought you did things very well as a kid. I was very confused to what you did. Yeah, because you just work late, and it's like, oh, what's going on? Why is he working so late? But because you're starting a business,

BRIAN AKERS: 46:36

you know, the hard part is, when people are pre retirement, they want to meet you after done after work, yeah, and so during the day was sort of like, I wanted people to come in and then they'd come at night. So I had a lot of kitchen table top table talks, all kinds of stuff. Grads, we started the the idea where you're headed with that is really about hard work ties into all this, and then financial advice that people give, or even the way they lead their financial life causes people to think, oh, I want that, or I don't want that, right?

Noah Akers: 47:07

Yeah, yeah. Earlier, we were talking about your father coming home, yeah. And that made me think about, oh, there's a time when the IRS, not the IRS, the government kind of puts their hand in your pocket, yeah. And that's with required minimum distribution. Distributions, where they require you to withdraw funds from your retirement accounts. And when you do that, there's the method of you don't have to pay taxes. If you give to a charity, you give it to yourself. Then they get there, they get their hand in there, they get some of the taxes. Yeah,

BRIAN AKERS: 47:39

yeah. Well, that, that's basically in financial planning. Your father coming home. It's almost like the Uncle Sam's coming, coming home. They're coming. I joke sometimes that we have someone that is retiring with us, someone that's inheriting from us, and that is the local governments and the federal governments and their taxes that are owed. But we can control that through proper planning, through taking advice of saving now and saving for your future so that you're ready for all that happens in life. And so good financial planning is understanding that you will have to pay certain bills in your future and understanding that you can be ready for them now, as we talked today about parental financial advice, that the reason I did this show, and had no one as the first show is us to try to get across that no matter what your upbringing is, you can still do well financially. You can do well financially, but it's going to take one good decision at a time. One of those best decisions that you can make is to call AKERS Financial Group and get set up with your free initial meeting so that we can talk about you and your financial fingerprint, where you currently are, and guide you. Now, some of us, we've been very blessed with parents that cared and were there that point is in the right direction in every way, and that's a wonderful thing. If you're not blessed with that, you can make that a thing. Now the legacy of good financial stewardship, good financial planning, has to begin with a decision to make it happen, and that's really one of the main topics of our day right now. Yeah,

Noah Akers: 49:09

we get to meet with people discuss things that sometimes they're not comfortable with, speaking about with their sibling or their spouse, even sometimes it's horrible they need to have that conversation. But getting to dive in a little bit deeper, see how things are flowing for them, and to be able to walk alongside help them save money, help them save money efficiently without Uncle Sam reaching into your pocket. These are such important factors that we get to talk to people on a daily basis about and such a joy.

BRIAN AKERS: 49:39

And it works. It's a lot of fun. It is fun having a son in the business. One of the best things is about the continuity of AKERS financial over time, having the ability for a younger generation to take over. For us older financial advisors, helps our clients know that they're going to be okay from here on out by having this mindset of financial planning. No, it's been. Great show. I really appreciate your time with me today. Yeah, thanks for having me on and we do want to wish happy birthday to my mother. That was grandmother. It's her 80th birthday. Today only happens once, so it's going to be a big celebration, and we thank you for all the advice over the years. So that's what we covered today, was parental financial advice. We do look forward to meeting with you. We want you to win in your retirement by taking advantage of the opportunity to begin planning with us at AKERS Financial Group to schedule your free meeting with one of our team of advisors. Go to our website at AKERS financial group.com scroll to the schedule meeting section and let us know you'd like to schedule your free meeting. That's AKERS financial group.com or you can call us at 833 when retire. That's 830, 3w, I n, r, e, t, I R, E, we'll give you a call on Monday to schedule a free in person meeting with one of our team of advisors. Start planning for your retirement now. Go to AKERS financial group.com or call us at 833-946-7384, thank you for listening. I'm Brian AKERS from AKERS Financial Group, and we want you to be winning in retirement. You've

Unknown: 51:04

been listening to winning in retirement with your host, Brian AKERS of AKERS Financial Group. AKERS Financial Group offers securities through Arcadio capital, an SIPC and FINRA member firm. Advisory services are provided through arcadios wealth. AKERS Financial Group and arcadios do not share any common ownership. Neither arcadios nor AKERS Financial Group provides tax or legal advice. Advice given on winning in retirement is general in nature, and one should seek further advice from their financial advisor, broker, attorney andor tax accountant before investing, be sure to read each prospectus carefully to understand all the risks associated with each investment. Examples and scenarios shared are meant to be for illustrative purposes only. Past performance is not indicative of future results.