Episode 157: Personal Planning - The Key to Successful Post Business Transitions.

In this first of a four part series, we'll examine why it is that 75% of the business owners regret their business sale after the first year, a statistic that challenges conventional success measures. What if the key to a fulfilling post-business life isn't as much in your financial metrics, but in your personal values? Join us, Matthew Grishman and Jim Gebhardt, on the Whole Wealth Journey Podcast as we explore the profound connection between personal planning and meaningful entrepreneurship. Inspired by the lessons from our fathers, we dive into the world of crafting a life beyond work. From our experience with entrepreneurs in transition post sale of their companies, we emphasize the role of personal planning in shaping a fulfilling journey once life in the business is gone.

Amidst the noise of financial success, have we forgotten the human element? We'll spotlight the often hidden pitfalls of entrepreneurship.a statistic that challenges conventional success measures. We invite you to rethink these metrics by integrating personal fulfillment and future identity into your financial planning. We illuminate the importance of knowing who you want to become after the sale, beyond just maximizing business value, to prevent post-sale regret and nurture a more holistic definition of success.

Fear of losing identity—could this be the silent saboteur in business transitions? As we gear up for our four-part series on personal planning for entrepreneurs, we confront this overlooked barrier. Entrepreneurs often struggle to envision life beyond their current roles, yet it's crucial for a successful transition. We look deep into the dynamics between builders and sustainers in business partnerships and the unsettling prospect of retirement for those who thrive on creation. Through our candid reflections, we offer a roadmap to prepare for the journey beyond entrepreneurship, ensuring clarity and a purpose-driven future.

As mentioned in the episode, you can find the Amazon link to the book "Who Not How" HERE

You can learn more about The Whole Wealth Journey by visiting The Gebhardt Group. You can follow us on Instagram @thewholewealthjourney

Transcript

Jim Gebhardt: [00:00:00] Blind spots. Blind spots. Blind spots. You can't see what you can't see. I mean, it's a little Yogi Berra, Forrest Gump, but it, it's, you just, you can't see it. But then you're, you're a ridler today. Then the beautiful thing about it is once you do see it, you can't unsee it. Well. Sure.

Matthew Grishman: Hey, what's this whole Wealth Journey podcast thing all about? 

Jim Gebhardt: It's a podcast for entrepreneurs where we're trying to help them connect the meaning. With their money. Who are you? Jim Gebhart. 

Matthew Grishman: Oh, I'm Matthew Grishman. And we're a couple of financial guys having a not so traditional financial conversation called The Whole Wealth Journey.

Here we go.

What are you grateful for today, brother? 

Jim Gebhardt: Well, [00:01:00] the episode that we're gonna get deep into today is on this whole concept of personal planning. Okay. About the time this episode drops, it's gonna be the third anniversary of my dad's passing. Who is my best example of an entrepreneur, both in the good and the bad, and in the context here, specifically around personal planning.

Oh boy. I wish this was around for him at the time because he struggled with so much of that. What am I going to do after I retire? Consequently, he didn't retire until he was 79. So I have so much gratitude for so many lessons that he provided me both in business and life, the work ethic that I have that comes straight from my parents, and also the things that he didn't do well, right, that I've been able to learn from his ability to.

Pause and take a break and rest [00:02:00] and recover and rehydration and all these, all these things that you and I talk about. God bless dad. Never did. And, and there's, there's tangible aspects of what we're gonna get into here in this next little series that are so representative of misses for my dad. But I, I, I don't think of it in the, in the negative sense.

I think it, of, in the learning sense. Mm-hmm. And, and how grateful he would be. Knowing that I'm learning from this and that we're teaching others around it. Right. I mean, when I started at Merrill Lynch in 1996, at the age of 26 years old, I I, I was doing it with a very clear mindset that I would not be a workaholic and that I would take time off.

And I've pretty much taken six weeks of time away from work since I was 26 years old. Now, have they all been vacations on a beach? No. No. Right. My gratitude today on my dad's anniversary thereabouts, is that, is that [00:03:00] this concept of personal planning, I can only imagine what that life 3.0 would've been like for him.

Had there been some awareness around it, some help and assistance around it. 'cause he was just, he was white knuckling it himself. Sure. He was just trying to figure it all out on himself. Sure. Not just, not just the personal planning, but all the, all the business. Side of it. He didn't have a coach, he didn't have mentors, he didn't have consultants.

He didn't, you know, so it, it is what it is, but I have a greater sense of appreciation and gratitude for the good things that he taught me, and as well as what a lot of people would think of as his mistakes or his shortcomings. I've also learned a lot from that too. His 

Matthew Grishman: learns. Oh, thank you for sharing that.

I can't believe your dad's gone three years. Yeah. Holy moly. 

Jim Gebhardt: Yeah. 

Matthew Grishman: Blink life is going by fast. Dur. We're, we're gonna slow it down a little today. Faster. Faster. There you go. Yeah. That, that's like, I mean, again, this is a mindset shift and, and this is part of my gratitude today. [00:04:00] It's part of what I learned from my father, which is I get to be grateful for the fact that Hank, my dad, just retired and getting to celebrate.

That kind of pinnacle moment of his career, standing in front of 300 people and sharing his own gratitude and journey at this retirement party. It was very powerful. And like your experience with your dad, with Wes, I am so grateful for the wins and the learns, which learns is more commonly thought of as losses, right?

Wins and losses in life. You and I have learned that we learn more from our losses than from our wins. Our wins are fun. Yeah. We call that tuition, right? Exactly. Tuition to life's great educational journey. Wins are fun. They feel great, and then that temporary feeling of win goes away really quickly and there's not much to learn from that other than.

I'd like to do it again. I'd like to do it again, which is a simple lesson [00:05:00] that gets taught over and over and over. But the losses, the things that we didn't get to experience, the mistakes, the misses, the whoopsies, those are some of the most valuable assets you and I have collected over the years. So to be able to look at the relationships with our fathers and see where they taught us exactly the way and then showed us.

Exactly not the way in some other choices they've made has led us to sitting here today. I'm incredibly grateful that I get to experience that with Hank. I, at times, regretted not being more in it with him all these years. But what's really cool is now we get to be a part of what we learned from Wes, which is not doing the personal planning, and we get to bring that to Hank, which is, and watching him lean into this.

He's on the road somewhere to some conference, a retirement conference, a retire. Right. Because that's what we're doing in retirement. Is it like a shuffleboard or a pickleball conference? Yeah, [00:06:00] I, it should be, but it's, uh, it's, I'm sure 

Jim Gebhardt: it's not, it's more in honor, in honor of your dad and his, and his work ethic.

I'm sure it's not. And his and his passion, the fact that he still has passion for his niche, his industry, his unique ability, talents, and gifts is really it. It is really extraordinary. 

Matthew Grishman: Yes. When to watch him. Start to plan how he's gonna allocate his time and his energy going forward is, is special. And to be a part of it, right?

To, to have him look toward us as blind spotters, as sounding boards to help him figure out what's next. It's nice. Dad hasn't always given me that opportunity to, uh, to be that partner in his life. So it's, well 

Jim Gebhardt: coaching, doesn't it, it's sometimes hard for the coaching to go downstream. 

Matthew Grishman: Sure of, of course.

But as you've always said, when the student is ready, the teacher appears. We've been here for a little while, but now he can see it. Fabulous. Which is wonderful. So let's just do a little reality check here. Thank you for the gratitude. Let's go back a little bit. We covered a lot in the last episode. We, we've talked a lot about.

This idea of [00:07:00] who not how, and trying to look at the three legs of this very important stool to help a business owner embrace this process of exit planning and, and realizing that exit planning is just good business strategy. It's not necessarily about we want to exit today. We want it's prep. It's a preparation.

It's a preparation because what we need to continue growing our business expanding. Our lives and the value that our lives can create requires this type of approach. It's just, it's just good business planning and we spent a lot of time in the last episode talking about the first two legs of the stool, the kind of this, this business planning, this business valuation, business value maximization.

Leg. We talked a lot about the personal financial side of things and the who's that are involved. And then there's this third leg, the the personal life planning and what you and I have discovered partly watching others. And most significantly through [00:08:00] our own personal experiences is that most business owners completely neglect that third leg, that personal planning leg.

They focus entirely on the business and financial aspects of the transaction, and they completely ignore the human element, the personal side of it, the personal life planning piece. And what have the results been? Well, 

Jim Gebhardt: not to pick on Wes, but. That was part of his challenge because he felt as though business came first.

If it was a bit of a game of dominoes that if the business was successful, then my personal financial planning would be successful. Then there was neglect around the human element because he didn't focus on his needs necessarily, my mom's needs necessarily. Their relationship, his health, his relationships.

Right. So it's glaringly obvious if I'm gonna use my dad as the example that Sure. And I know [00:09:00] we're gonna get into this in the context of how the human element is neglected, specifically for dad, he didn't even know it existed. Sure. We're gonna get into that, I realize. 

Matthew Grishman: Absolutely. So I mean, the result we've seen is directly reported through the business owner exit survey.

A hundred, a hundred percent, 75% of business owners surveyed regret the transaction one year later. And it has nothing to do with the financial aspect. It has to do with figuring out what's next. So my question to you is, do you think Wes would be part of that statistic? 

Jim Gebhardt: Oh yeah. He had a another. Missed opportunity was he didn't have a saleable business.

Ah, the business was too exclusively dependent on Wes Ebhart and his 50 years worth of relationships in the niche of his construction trade in the greater Northeast. Okay, so. He didn't have a saleable business, which again, that's a miss. Some of that comes from the fact [00:10:00] that he wanted to control everything.

Ah, I don't know about you, but maybe our audience is a little bit of a control freak is a tendency here. Yeah. 

Matthew Grishman: That might come up in conversation today. We might, we might talk 

Jim Gebhardt: about that a little bit more, but to just throw it back to you with a question. Don't you think most of the business owners are so focused on the money piece that that is their singular and sole focus is to optimize, maximize the value of the business post transaction and get the biggest bag of money they can?

Matthew Grishman: Well, I'm gonna answer a question by asking a question. Isn't that how we measure the win? I mean, isn't that how as business owner. 'cause at the end of the day, we wanna win. Mean that, that's what it boils down to. That's what I want every day in life as an entrepreneur, is I wanna win. How do I, 

Jim Gebhardt: I think, how do I measure?

I think you're alone there, partner. I don't, I think it's more than 75% of the business owners wanna win. 

Matthew Grishman: I don't get to play baseball anymore. I mean, I could. I could join men's senior baseball leagues. I just, what do I have to get off the plate to do that? So where do I get to experience a win [00:11:00] is in my everyday vocation, which is.

That big bag of money that we're trying to grow. But you and I know that this third leg of the stool, that's the most neglected leg of the stool, it is almost exclusively what determines whether entrepreneurs experience, fulfillment or regret after their transition period. IE, a win. Well, absolutely, and without it.

Even perfect execution of the business value maximization side, and the financial planning leads to that kind of empty feeling that something is just fundamentally missing, which we got to see in your dad. And we've seen in a number of our clients and friends that go through selling a business and struggling with what's next.

So the question for today. Isn't about how to transition from business ownership. It's who will you become when the chapter ends? It's [00:12:00] who not how applied in multiple aspects of life who not how to help us in all three of these legs, right? I don't have to, as the business owner know how to maximize the value of my business or to maximize my personal financial planning or to even discover.

What my personal life planning is going to look like. There are who's that can help me with that we've talked about that will continue to, but there's another who, not how application here, which is who do you want to become after the transaction? 

Jim Gebhardt: I'm so glad that we are taking the time to unpack these episodes and talk about this.

Yeah, it's a pretty good idea on your part because I didn't even remember that because. It's neglected, not just at the business owner level. It's neglected at our industry level. Right. Who does the entrepreneur turn to for personal financial planning. Right. They turn to certified financial planners.

Matthew Grishman: Ideally. 

Jim Gebhardt: [00:13:00] Ideally. Yeah. Our industry doesn't even touch this stuff and we've, you know, we've talked a little bit about this. I think it's somewhat shameful because it's so naturally integrated into the personal financial planning. Mm-hmm. And we've got a huge bias around this because that's where we spend so much time with clients, is understanding what are the personal drivers, the values, the principles that are so meaningful to them.

How does that translate into action? That requires money to support it. Mm-hmm. 

Matthew Grishman: That's 

Jim Gebhardt: what you and I are passionate about beyond belief. Yep. And our industry is doing the old miss the ball with both hands. Whoops. On this whole topic. Yeah. And it gets me. Kind of pissed off in a way. 

Matthew Grishman: Yeah. 

Jim Gebhardt: Now it's massive opportunity selfishly, for you and me, because this is the, this is the pond we love to swim in.

Matthew Grishman: Yes. I do think there are going to be more and more of people like us in the business out there that wanna do this work. As they listen to these next four episodes that [00:14:00] we're producing and talking about why this work is so important. So let's do this. What we wanna do today is, is really set up more of an overview.

Yes, because we are going to have three more episodes after today. Where we're gonna dive deep on this topic. On this topic. So four total episodes that we're gonna have just in this personal planning space. And today is really about setting the foundation for this kind of series. I'm coming, I'm holding, I'm 

Jim Gebhardt: holding back.

I, I, I just, you're doing good today. I got a, I'm like in a stable and I just want you, dude, you're Let me run. Yeah. Let me run. No, 

Matthew Grishman: you're not today for us. All right. You gotta, you gotta sit and enjoy the box of chocolates today. All right. All right. Alright. So what we're gonna do today is, is again, from an overview standpoint, really try to establish why.

Personal life planning is the most neglected yet critical component to any business transition. We're gonna introduce some of the key barriers that prevent entrepreneurs from doing this work. Why aren't we doing more of this work as entrepreneurs? And then really outline what comprehensive personal life planning actually looks [00:15:00] like.

Sure. And that's gonna set the stage for us to take each one of those points and go deeper with the upcoming episode. So let's get into this from, again, from a very high level. Yep. Overview. Let's talk about why so few entrepreneurs actually do the personal planning if this personal life planning is so critical.

Why is it that so few business owners actually do it? Ooh, ooh, ooh. I know, Jim, you, you answer. Go ahead. I'm gonna go with fear for 800, Bob. There you go. That's definitely one of them. I mean, there 

Jim Gebhardt: there are four. I feel like we're playing the family feud. We are. Right. And I'm looking at what's. Oh, I, I love him dearly.

Richard Dawson or Steve Harvey. Steve Harvey. Yeah. There you go. I love Steve Harvey's little wisdom clips that he does before the shows that, that Instagram finds for me. Right. But I feel like I'm playing a little bit of that with Steve Harvey on what are the four barriers to personal, personal planning.

Right. Fear for 

Matthew Grishman: 800. Right. Absolutely. That's number one. That's number one. Ding, ding, ding. [00:16:00] We've got four, four of the barriers and, and fear being number one. I mean, what, what is it that we're, I mean, so I, I believe. It's just me. Take it or leave it. Fear is the chief activator of almost every negative thing, negative behavior, negative character defect, you name it.

So when I'm impatient, when I am not very nice to people, when I'm rushing, hurrying, anxious, angry, all of that stuff, that's part of the human experience that comes outta me. Fear. Is the chief activator of all of it. Is is the root. Absolutely. So what as an entrepreneur, could we be fearful of? 

Jim Gebhardt: Oh, I don't know.

I mean, perhaps. Who am I after the transaction? There 

Matthew Grishman: you go. A little bit. I loved the little bit of the sarcasm button. The, that's your, oh, it's very 

Jim Gebhardt: activated today. That's, 

Matthew Grishman: that's your more button. Today is, yes. Is the sarcasm. 

Jim Gebhardt: Sure. Yeah. It's very, it's very hard to envision, right? I mean, what has gotten us to [00:17:00] this stage of life isn't gonna get us to, to the promised land.

Right. And it's hard to, you know, we're gonna get into the other three here, one of which is my personal favorite. It's hard for them to see 

Matthew Grishman: who is Jim Gebhart. If he's not the CEO and president of Gephart group. Yeah. And I know that question scares the shit outta you 

Jim Gebhardt: Well, 

Matthew Grishman: more, more so before than it does now, because I think you have a little more faith that we'll be able to figure that out.

Oh, 

Jim Gebhardt: yeah. Right. 

Matthew Grishman: Oh yeah. But you still don't know the answer to that. 

Jim Gebhardt: I'm getting some clarity. I'm getting some puzzle pieces Sure. Here and there. But do I have a, do I have a clear. Personal plan for Life 3.0 at this stage? No, I do not. 

Matthew Grishman: And that's the point I wanna make here. Yeah. And, and this is why in the, in the next episode, we're gonna go deep on why we don't do this kind of planning.

And if the first reason is fear, I really want the tribe to hear it in our voices today that you and I do not have complete clarity on what's next for us after [00:18:00] Gephart group, yet we're not freaking out about it. No. Because we know there's a process. A system, a process, a step by step thing. Yes. That you go through with some who's to discover what that is.

And you and I have faith in that, that it's going to reveal itself to us. Oh, when the time's appropriate. 

Jim Gebhardt: I most 1000% do. So many entrepreneurs are builders. They're creators, they're innovators. And the thought to me as one of those people. The opposite of that is the sustainer, right? You're a builder or a sustainer.

Yep. You create and grow and build and do, or you just kind of, you know, keep it humming along and it's kinda like working for the public utility. You just want it to keep sustain. 

Matthew Grishman: Yep. And a lot of, and a lot of the most successful partnerships you and I have ever met has one of each in the partnership.

Oh yeah. You gotta a builder and you got a sustainer and together they marry very well for running very efficient businesses. 

Jim Gebhardt: So [00:19:00] I've never really. Dan Sullivan's helped me with this. I've never really liked. Who's Dan Sullivan? Dan Sullivan is the the creator behind the Strategic Coach program. There you go.

Thank you for that. You're 

Matthew Grishman: welcome. I know you and I know who Dan Isation. Not necessarily. Everybody who's with us does, so 

Jim Gebhardt: I've never really liked the stereotypical thought of retirement in the context of it's a period at the end of my life with no work, all leisure, and. It leads to, you know, kind of this sedentary, but again, going back to my analogy of the sustainer, I'm just kind of sustaining life, right?

I'm done creating, and now I'm just gonna kind of coast this thing out, right? Right. That doesn't work for me, and maybe that's my dad's fault, but it, I know internally it doesn't work for me. I'm going to want to continue to create and build. Does it have to be a business? Not necessarily. You and I love teaching.

Could I see myself teaching in some format? Sure. Right. Or mentoring or coaching or, sure. So I think you have to allow [00:20:00] yourself this concept of the bigger future. Yes. That my past is not all that I'm about right. That as, as someone that is passionate about learning and growing. That this is a beautiful opportunity to create a bigger vision and a bigger future for myself.

Matthew Grishman: Okay. Don't give away too much. We got, I'm not Well, I told you I'm anxious. You're, I know you're ready. Okay. Three other reasons. Yeah. Reason number two, time management. Oh, yeah. Huge reason why we don't do this, because think about it. As entrepreneurs, we're always in this urgent business, like fires that we gotta fight, fires that we gotta put out, things we've gotta deal with today.

If it's important and it's urgent, we gotta deal with it right now. But if it's important and it's not urgent. It goes to the back burner and, and personal planning. I know for me at times before I was a little more aware, personal planning feels like a luxury. When the business demands my [00:21:00] immediate attention, right?

A hundred percent. Clients deserve a callback as soon as I can. Absolutely. Our teammates, the people who show up for us every day at Ebhart Group, yes. When they need something, I feel as their, as one of their leaders. It's my responsibility to show up, be that snowplow for them, and get whatever's in their way out of their way so they could keep running for us.

Right. It's kind of hard. I think we should spend some more time in that time management piece. A hundred 

Jim Gebhardt: percent in terms of helping, again, awareness around where to be spending time. One 

Matthew Grishman: of our most valuable assets that make up our whole wealth. You and I are gonna spend so much more time on the show talking about these seven asset classes that make up our whole wealth.

One of which, and I think our absolute most valuable asset. I was gonna say, because it's not renewable. Yes. It's our time. It's the most limited asset we have. And to spend some time in the next episode going deep with how we manage that. Yes, yes. How we allocate that. I'm looking forward to that. Okay.

Third reason. 

Jim Gebhardt: Oh, I love this one. This is actually my favorite. Oh, 

Matthew Grishman: this one's your favorite. Yeah. Blind spots. [00:22:00] Blind spots. Blind 

Jim Gebhardt: spots. You can't see what you can't see. I mean, it's a little Yogi Berra, Forrest Gump. But it is, it's you just, you can't see it. But then you're, you're a ridler today. Then the beautiful thing about it is once you do see it, 

Matthew Grishman: you can't unsee it.

Well, sure. Most people we meet think financial planning is personal planning. 

Jim Gebhardt: Yeah. 'cause I'm gonna build my dream house in Colorado and play golf and spend time with the grandkids. That's all in my financial plan. Exactly. 

Matthew Grishman: And it's a blind spot. They can't see it. And until they see it, it's completely missed.

Reason number four, who not how There is complete uncertainty about who can do this work for me. Those who are aware that this work exists. Get stuck in the how, who can help 

Jim Gebhardt: me. That's part of the brilliance of the entrepreneur, right? They see opportunity, they see an opportunity, and then they figure out how [00:23:00] to make the business make a business out of it.

Yes. So by nature, by the very nature of the entrepreneur, they are how people, they think, how. How am I gonna, okay. Uh, they try a thousand things, it doesn't work, and then they finally figure it out. There's so much emphasis in their world put on how that they miss the possibility of there being a who.

Matthew Grishman: Mm-hmm. 

Jim Gebhardt: Oh yeah. And I do think we have to reference the book again from Dr. Benjamin Hardy, who not how. Mm-hmm. Because we'll probably say this in every episode for the next 72 episodes until you buy the darn book and read it. But it is now so much ingrained in our thinking. That this actually helps reduce some of the fear that I have around that personal planning, because I know there's going to be who's to help me.

Matthew Grishman: Hmm. Does that make sense? Yeah, absolutely. Absolutely. Okay, let's do this. I, I think we've set the stage nicely [00:24:00] about what we're going to be doing. So tribe, we're gonna give you some. Action steps here. We're gonna help you start creating your personal action plan for this and, and I know we've just kind of set very high level overview of what we're gonna be doing for the next three episodes, but first, take an honest self-assessment.

Which of these four barriers that we've introduced have you the most stuck? Yeah. You know the 

Jim Gebhardt: answer. Write it down. Oh yeah. And if I may have no shame over it. Right. Accept it. I love the whole concept of acceptance on this because if it is fear, beautiful. Right? If it is, oh gosh, I spend, I waste so much of my time doing mindless stuff in quadrant four.

Right. Which we'll get there. Right. I love this acceptance piece so that when they're doing this self-assessment. They just, they can have, they can just have a little self grace around it. 

Matthew Grishman: Yes. We, we have to be aware before we can accept, right? You have to be [00:25:00] aware of which four of these barriers resonates most before we can accept it, because then that acceptance could lead to taking some action, right?

The aaas, we're gonna, we've talked about it. We'll talk about it more. Second thing, start asking yourself, who am I beyond my business title, beyond my industry? Ask the question and just let it go and see if things start to come. What does Life 3.0 actually look like for you? Start having that vision. Do some writing about this.

Jim Gebhardt: Yeah. This is a wonderful journaling exercise in that context of dreaming about a bigger future. Yep. I know I keep using the example about, you know, Bob going to build his dream house and play more golf and spend time with the grandkids in Colorado. In Colorado. You're 

Matthew Grishman: picking on Colorado with that one a lot.

I, 

Jim Gebhardt: I am. Because it can be so much more than that. And maybe that's enough for some people, but I don't think for a lot of our entrepreneurs that are builders and 

Matthew Grishman: creators, 

Jim Gebhardt: yeah. That, that's 

Matthew Grishman: going 

Jim Gebhardt: to be enough. 

Matthew Grishman: Yeah. I'm with you on that. [00:26:00] Couple last things. Do a little support system audit. Oh, what, what, what, what, what I mean by that is who?

Is currently helping you with your business, your personal financial planning, and your personal planning, start identifying the who's you've already begun to surround yourself with. We've already shared the critical who's in business planning and personal financial planning, so go back to our last episode.

Listen to those different who's that could be involved in your life and who is actually in your life already, who is not in your life already. And then as you start thinking about this personal planning, who in your life could potentially help you get started? Last thing to think about, we have to embrace a priority shift.

We have to make personal life planning as important. As the business and financial planning, [00:27:00] 100%. The statistics don't lie. Most of the time. If 75% of business owners regret the transaction one year later because they failed to personally plan for life 3.0, we must begin to make that shift. Stop asking how you'll transition from business ownership and start asking yourself, who am I gonna become and who is going to help me get there?

The entrepreneurs who get this right, don't just avoid the 75% who regret it. They create life 3.0 experiences that are even more fulfilling than their business success. Personal planning isn't a nice to have. It's the difference between a successful exit and a meaningful life 3.0 and I'll know we're having 

Jim Gebhardt: impact when that statistic of three quarters regret it.

Starts to come down. 

Matthew Grishman: Absolutely. So we've got a couple more episodes coming up. In the next episode, [00:28:00] you're gonna hear us talk about why we don't do the personal life planning. We're gonna go deeper with these four reasons we talked about today. Then after that, we're gonna get into more about why we should do the personal life planning and, and build a very compelling case for why this work.

Essential if we haven't done that already, we're gonna get deeper with that. And then finally, we're gonna finish off with, I think what everybody is thinking about right now with us is how we actually do the personal life planning, which is not just creating the practical framework and the strategies for implementing it, but it's identifying the who's.

Jim Gebhardt: That sounds like a heck of a lot of fun. 

Matthew Grishman: And with that, my friend, 

Jim Gebhardt: that's a wrap.

Matthew Grishman: Thanks for joining us today on the Whole Wealth journey. Are you ready to start planning for a future that's rich in wealth and wellbeing? Then like and subscribe and make sure you don't miss a single episode of the Whole Wealth Journey. So if 

Jim Gebhardt: we've struck a [00:29:00] nerve with you today, 

Matthew Grishman: where do people go? You can find us at ge hart whole wealth.com.

That's G-E-B-H-A-R-D-T. Whole wealth.com. We'll see you next time. 

Jeff Holden: Jim Gehart is a registered representative of Integrity Alliance, LLC Securities and Investment Advisory Services offered through Integrity Alliance, LLC, member SIPC. Gab Hart Group Incorporated is not affiliated with Integrity Wealth. Jim Gab Hart and Matthew Grishman are investment advisor representatives of Gab Hart Group Incorporated a registered investment advisor.

The opinions in this podcast are for informational purposes only and are not intended to provide specific advice or investment recommendations to determine which investment or financial advice may be appropriate for you. Insult a financial advisor prior to investing any reference to market performance is based [00:30:00] on historical information and there is no expressed or implied guarantee of future performance.

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