Chamber Chat
The Chamber Chat - Danville Indiana Podcast informs, connects, and entertains by spotlighting local businesses, community leaders, and events that shape Danville, Indiana. Each episode shares engaging conversations and valuable insights that strengthen community connections and celebrate what makes Danville Indiana thrive.
Chamber Chat
Chamber Chat: SunRift Capital Partners
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On this episode of Chamber Chat, we’re talking all things investing with Dustin and Jill Hunter of SunRift Capital Partners!
Who should be investing? When should you start? Is it ever too late? And what should you actually be thinking about when it comes to building your financial future?
Dustin and Jill break down investing in a way that’s easy to understand, whether you’re just getting started, growing a business, planning for retirement, or simply wondering if your money could be working harder for you.
It’s money, money, money on this week’s Chamber Chat—and a conversation you won’t want to miss!
Welcome to the chamber chat. Jocelyn ditched us today, although I've ditched her a few times. So we're going to go ahead and get started. And welcome to the chamber chat. Thank you.
SPEAKER_00Thank you, Kelly.
SPEAKER_02We're excited to have you guys today. So introduce yourselves. Tell us a little bit about yourselves and what do you do?
SPEAKER_00Sure. I'm Dustin Hunter, founder of Sunrift Capital Partners. Our firm is financial planning and wealth management. So individuals, families, business owners. People always wonder what exactly do you do? The short answer is we help people save on taxes and make more money. So you know, and people also ask where our name comes from. It's not a name you hear every day. Well, back in the day we went to Glacier National Park, and one of the stops along the way is Sunrift Gorge. So we thought, well, if we're going to start a business, let's name it after something we like. So that's where the name comes from. And it kind of goes with the idea of having a destination and then creating an intentional map to get there. So hiking, having a destination, getting there on purpose. Maybe one final thing I'll say is our tagline is engineered for the investor because that's my background. So what do we mean by that? Well, it means that we basically, the things we recommend to people, we're doing the same thing. So we eat our own cooking. So I think that's a very positive thing when you know it's the chef that's preparing your dinner should like and eat what they're making for themselves too.
SPEAKER_02I was many, many years ago, we walked into a restaurant and a friend of my dad's goes, This is gonna be some good eating. And I'm like, why do you say that? He goes, Look at that chef. And I'm like, I'm a really good cook. That's what I tell people when they see me. I'm a really good cook. So that's I like that analogy. I like that analogy. Jill, you want to introduce yourself?
SPEAKER_03I'm Jill Hunter, the other half. Uh so yes, I for me at Sunrift Capital Partners, I am the chief marketing officer. So Dustin's the more detailed, serious person, and the more relational, get to know people. You're the fun person. I'm the fun I bring some joy into the finance world. Uh, but yeah, so married for 34 years here and uh enjoy doing it together and serving in community and being part of the team.
SPEAKER_02Out of curiosity, how is it working together as a husband and wife? I don't think my husband and I can do it.
SPEAKER_00Piece of cake, right?
SPEAKER_03I mean, overall, really, it's really easy because we both enjoy our job, enjoy what enjoy the roles. So it's good that he has his role and I have mine, and we really work on that separately almost all day long. Now, yes, we're married, so sometimes if I don't like a comment or been a long day, I'll be like, I'm gonna go take a break and I'll be back. And I usually go to TJ Maxx. He calls it the mothership because I don't have to think there, I can just walk and uh scroll, stroll along and then come back, and I can be like, okay, and we're good for the day. There you go.
unknownThere you go.
SPEAKER_02At least you guys know your boundaries and okay, break time, break time, tapping out, yeah. I'm not I'll be back.
SPEAKER_03Go on a walk or whatever. Sometimes you just need to refocus or remember all the good things you're doing, and and that little thing's no big deal and come back. Yeah.
SPEAKER_02Sometimes stress relievers are good.
SPEAKER_03Stress relievers. Sometimes it costs us a little bit of money, but overall we're okay.
SPEAKER_02I probably need a much healthier habit.
SPEAKER_03Maybe I should go to the gym or I can have a habit that doesn't cost money, but you know, it's all good.
SPEAKER_02All right. So, what are some misconceptions um people have about hiring um a financial planner?
SPEAKER_00Sure, sure. Uh, not to be reading notes, but I think that was one of your questions. So let me see if I can even find that.
SPEAKER_03Um that's the nice account of payard.
SPEAKER_00What was that number two?
SPEAKER_03Yeah. Oh, you're right.
SPEAKER_01There we go.
SPEAKER_00So investment management is only a part of a financial plan. It's not to be mistaken for the entire plan. So a lot of people would say, hey, I work with somebody, they we meet, we look at a few accounts, we allocate those accounts, but they don't meet on the big picture things like planning for life, planning for retirement, planning for social security, uh, insurance, saving on taxes, is your estate stuff set up? So all those things kind of get left to the side. So that's one of the big things. Um, another misconception uh is the planner, the person you might work with, makes all the decisions. I think of our role as being a jungle guide so we help people understand all the choices, evaluate how these things relate, the trade-offs between them, because we want them to make informed decisions, taking all those things into account so that the path forward is the best path, uh, weighing all those things together.
SPEAKER_02So I have a son who's 21, who's full-time in the workforce now, and um I just had mentioned to him the other day his new job, the 401k is a little bit different than his last job. Um, and so I said, What are we doing to like supplement this? Or and he's like, I don't know, I'm 21 years old. And I'm like, so at what income level, what age should uh my 21-year-old or anyone else really start financial planning?
SPEAKER_00Sure, sure. Um, I can tell you that our niche is folks a few years from retirement and making all the transitions into retirement. Okay, probably because people in that situation have so many moving parts and you only get one chance to get retirement right. You can't go back to go and start over. But to answer your question, financial planning, the cons the concept is important at any age because ask anybody in their 50s and 60s if they could go back and talk to themselves at 20, 21, like your son, uh, would you have some things to say that would be helpful? And the answer is yes. So uh it's probably a little simpler when you're getting started. Uh so you may not need uh intense meetings all the time with a planner, but sitting down and getting some general conceptual advice and moving forward with that. So things like uh you work for an employer, they probably have a match if you contribute to your 401k, that's free money. Who wants to turn down free money? And then there's some basics about uh you know, if you're gonna use debt, uh you know, limit that, not get too deep into that, not get not get into something where you're trying to crawl out of a hole for two or three decades. Um getting ahead financially, being on the same page with your spouse is probably one of the biggest things because if one spouse is going this way, one spouse is going this way, uh after 34 years, I can assure you that that you know that that push and pull causes there's friction in the relationship.
SPEAKER_02I feel like that needs to be like part of uh marriage counseling, like or you know, when you're dating, like to actually sit and talk about my husband knew as soon as the day we got married, like he took my checkbook. Yeah, like that's mine.
SPEAKER_03I also think for your son, like uh it's ne it's never too early to start having a vision of what your future is. So he should write down when I want to retire, this is what I think it's gonna look like. Of course, you have to take in inflation and all that stuff with it, but if you don't have a plan for your future, so a vision without a plan is just a dream. Then he'll never hit his vision, he'll never reach his goals if he doesn't have a plan. So I was like, put your plan in place. And we taught Dave Ramsey for six plus years, and you know, just trying to teach people that, you know, get a plan, get a goal, get out of debt, don't get into debt, right? Right. And um, you know, and then start saving uh because you know, you need a big amount of money in your uh savings or wherever you put it to for emergencies because they're gonna happen. And then separate money for retirement. I mean, the earlier you can start, if you want to retire, we've known people retire at age 50 or earlier. I mean, it's possible if you have a vision and a goal and a plan to reach it.
SPEAKER_00And and maybe something to impress upon younger people because they think of retirement as something that's decades into the future, it's not real, it's monopoly money. Uh, and it's big and it would be based on well, when can I file for Social Security or certain ages? And it's it's not necessarily that. Sometimes when I meet with people, I can say, I boil what we do really down to we want to get you on the right side of compound interest so you're not paying somebody else on things you owe. You're trying to get your money built up, saved, invested, working for you. It's like a snowball that keeps turning over. And what you're really working towards is getting that snowball big enough so you hit the tipping point where your savings and assets can now write your paychecks for you. It doesn't mean you stop doing anything, but at that point, now you have the option to go do what you want all the time. If you like what you do, which I hope people do, keep doing it, but if there's something else you can choose to do it at that point. So it's not necessarily an age or when I can file for a certain thing. It's really just when all the things in my household uh are coordinated and I hit the tipping point where I can now uh my savings and assets and income streams pay for expenses. That's that to me, that's that's a more accurate way to think about retirement.
SPEAKER_02My husband always says he just cannot wait to go cut grass on a golf course.
SPEAKER_03So you'll be teaching, he'll be cutting grass.
SPEAKER_02He literally just cannot wait to just cut grass on a golf course. That is his goal. He does the capital markets planning for the NDUA. And so, yes, so the 10 largest credit unions sit under him. So he's done with numbers, figures, computers. He wants to do something that's he wants to just sit on a golf on a lawnmower.
SPEAKER_00Maybe he can tell me what Kevin Warsh and the Fed is gonna do then. They seem to play it pretty close to the chest right now.
SPEAKER_02I tell you what, I think if you knew that and and forecasting for it is uh for these credit unions, it's been fun.
SPEAKER_00Wasn't it Mark Twain that said uh pr pr predictions are very complicated, especially ones about the future?
SPEAKER_02Yes, absolutely, absolutely. All right, um, what are the most common uh financial mistakes you're seeing for people?
SPEAKER_00Uh I got a good one for this.
SPEAKER_03Okay, yes.
SPEAKER_00All right, when when did Noah build the Ark?
SPEAKER_03Okay.
SPEAKER_00Before the flood, right? Right. Okay, well, it's this thing called procrastination. You wait too long, you put it off, uh, and and you you don't start thinking about these things or treating them seriously or uh planning for them or early enough. You know, we we sometimes meet with people for the first time and they're in their 60s, and I might say, you know, as we're asking questions, what's a typical year of expenses and spending look like? And they both look at each other and I can tell, oh, we've never discussed this before.
SPEAKER_01Uh-huh.
SPEAKER_00Okay, well, we we can figure that out, but you know, it it it probably would have behooved you to have done it, been doing this along the way for the past 30 years, and I think you you you probably could have been in a better situation. So believe it or not, there's a new term because procrastination isn't obvious enough. There's another term called accrasia with a K, you can look it up, but that means that uh people simply just don't take action on things they know that are going to benefit them because other stuff just gets in the way. Financial stuff falls into that category of being important, it's very important, but it's not urgent. Like in any given day, the soccer game, getting groceries, Facebook, uh paying bills, all those things are urgent and they scream for your attention, and that's at the cost of putting off stuff that's important. If you do it long enough, uh eventually it does become urgent, it's an emergency, and being able to plan for it or having choices probably went away at that point. So it's stuff you don't like as much as if you had planned years ahead.
SPEAKER_02Okay, I live with accrasia and procrastination. Chris, I will say my husband does not, so I I'm okay, thank goodness for having so um, so when someone feels behind in retirement savings, um, what are the first steps you recommend? Because we're talked about the procrastination, the accrasia. Okay, now we're in our 50s, um, some of us, our 40s, and we're looking at it going, okay, when can I and now we're like, oh, it just hit the fan. What what do we do?
SPEAKER_00It starts to become real for some reason. Yes, yeah. So, you know, the I'm sure everybody's heard this. The best time to plant a tree is 20 years ago.
SPEAKER_01Uh-huh.
SPEAKER_00The second best time is today. So 30s, 40s, 50s, 60s. It's it's never too late to start taking steps and putting good plans and actions in place because tomorrow, a month from now, a year from now, you're still gonna be better off regardless of where you start. The key is put a put a flag in the sand and and from this point forward start doing productive things, be intentional. Um, a plan created at 50 or 60 is still far better than reaching retirement without one, and then saying, you know, what do we need to do? A short aside. One of our former neighbors, I got to know them because we would walk our dogs, and then they had a dog, and we would stop and let the dogs play. Uh, one wonderful guy, but he was a little surly, and he said to me one, you know, much much older than us, one day he said, Ah, I think you know, I'm I'm getting ready to retire. I'm just gonna, you know, he worked for a defense contractor. He said, I'm just gonna walk in uh on Monday and say, you know what, I'm done with this. That's probably not the best way to approach this. I think that taxes, dollars, how life flows probably won't be optimal making that switch if you just walk in one day and in a curt way say, I'm just done.
SPEAKER_02How much how many of us would like to be able to do that though?
SPEAKER_00I I think sometimes people get frustrated and they would like to do it. Yeah, okay.
SPEAKER_03But there's also so many pieces you have to have an order and know have it in place because you're gonna be you're gonna be the giving yourself a paycheck, right? And if you don't have it in order and know how you're gonna handle that, then you'll get yourself into a mess. Uh so knowing where all your money comes from, how much you have, what your expenses are, having your estate plan in order, all that stuff is so important. Uh I'm gonna just key on the estate planning because so many people don't have their estate planning done, and they pass away, or they like they'll put it off procrastination, right? And we just had an example of this where a couple scheduled an appointment to get their things, and then one of them passed away before they even made it in, and they didn't know how to handle it, right? So we spent like one Friday a month or a week for several weeks just going over everything with with this person to help them manage it. But that's all that stress that you can take off your shoulders when you have a plan for for your retirement, a plan for your estate planning, and I mean we've had people leave the office hugging us, be like, I finally feel like a burden's been lifted off my shoulders, right? And you don't realize how much there is until you sit down, have somebody help you get it all together and get get it in order.
SPEAKER_02And I think it's overwhelming for people to think about where do I start, what do I do first. Um, I think the first phone call is making a phone call to you guys and saying, where do I start? What do I do next?
SPEAKER_00You know, you know, get maybe an encouraging thing is you don't have to make it all in one day. Uh it's not simply, you know, it's not just take more investment risk and move on, but you it if you just start with one thing, then another, you know, it's the you hear it on lots of different things. Eventually, after several steps, you start to say, Hey, wait, wait a minute, we've gone down the path. We we we have some traction now. We're we're this this this is starting to work.
SPEAKER_03Yeah, and I agree with you that people feel overwhelmed. And you know, we say that we we know how to do this, we know how to make those phone calls to those play uh places, get yourself organized. We'll be on the phone call. Like you can take the pressure off of you. Like Dustin will lead the conversation. All you have to do is answer the few questions that they need on your side, and that that alone takes a lot of stress off of people because they don't have to do it. They know that someone else is guiding them, directing them, figuring it out. Because you know, calling institutions about different things can be very fun. Yes.
SPEAKER_00You remember Staples used to have a little red button, you could hit it, it said easy. I have one of those on the conference room table. So when there's something that's complicated, hey, we can help with that. You hit that and it says that was easy.
SPEAKER_02That's awesome. My husband gave me one that was no. I'm gonna say no. And so he got me a no one. I have a no one on my desk and then no, yeah.
SPEAKER_03I can give that to Dustin.
SPEAKER_02I say no too many things. I was sitting on too many boards and I'm gonna say after afterwards.
SPEAKER_00Can I can I give you a number of that one? I'm gonna ask him about that.
SPEAKER_02Yeah, yeah, yeah. It's uh it no, I mean he not for him. I can't say no to him. It's all the other boards, the volunteers, things that I do. That hey, will you plan? Yeah, yeah. So uh so yeah, so I have a no button. Sure. And and it's helping. It's hard to say.
SPEAKER_00Yeah, as a general comment, that's a symptom of the age we live in because uh information is available at your fingertips. Everyone has a supercomputer in their hand and it will flood you with as much information as possible. The real key today is how do I sift through that and and dial it down to just the things that are important for what I'm trying to get accomplished, otherwise you drown in it.
SPEAKER_02Yeah. So, talking about our generation, um, yeah, our parents' generation and the ones before us, they all lived off of pensions and those kind of things. Um and I don't think that our parents really talked about the retirement things because that was just kind of a given thing. Um, and so I guess looking at our generation, the younger generation, um, what are some of the other big differences that you're seeing um there? This wasn't a question but I'm sorry. Sure. This is hey, I just off the fly. We'll try and wing it.
SPEAKER_00Okay. So I think what you're asking is what what are things that people nowadays, what's what's different than maybe it was with mom and dad, grandpa and grandma. Sure. It's it's a much more you're in charge of you situation now because as you mentioned, pensions, uh, you know, 60 or 70 percent of people used to have a pension. It was more common than not. Today, only about 10% of people have exposure to a pension. The thing that took its place was the defined contribution plan, like 401k, 403B. And it's great that you can put money away and you hope that you get an employer match, but at the same time, now it's all on you because you have to figure out how to invest it, you have to put money into it, and there's no future guarantee. Markets are gonna do what they do, investments are gonna do what they do. You hope that you're prudent in making decisions and it grows appropriately. But uh where where a pension used to say at 62, here's the equation, I'm gonna get X dollars a month the rest of my life, and my spouse will too. Today it's well, it's a range of outcomes, and we just have to monitor that. So for people, uh, for people that don't want to be diligent, that's a real challenge. Uh, you know, I mean, one one of the things they changed with these plans recently is um people used to be so busy they wouldn't even opt in or say, I want to participate in my plan, so they'd go years without contributing anything. So now it kind of forces you at least to to participate in these plans and they'll automatically do some things. Uh, and then hopefully you'll go in and pay some attention. But yes, the the I guess the the big picture comment is it's much more on you, the account owner and the person in charge of you and your life, to make sure that things are in order for the future because it's uh Much less of somebody else is going to take care of it. And maybe a way to think about this would be: you know, most people go to work, they work for somebody, and they're like, okay, I have uh I have a role, there are things I have to accomplish, our business know my colleagues, we're working on uh projects and tasks, and there's goals. Think of your life and your financial life and your plan the same way. What if you are an employee of you? You know, are you doing a good job as an employee, right? Thinking ahead about my personal finances and planning ahead for the future, saving and investing. Would you look at you as an employee and fire you? Or would you have to have a serious sit down? Uh, and and thinking of it that way might might help kind of stir that up and you know prompt some action.
SPEAKER_03And also, like that's one of the reasons we always meet with our clients twice a year because things change, right? Family situations change, jobs may change. Uh, I mean, we can meet throughout the whole year, but we intentionally always meet with them twice a year uh to make sure there's no changes needed. Maybe beneficiaries need change, those are very important. And anyway we can save on taxes. By the time you get to tax season, it's too late. You have to be proactive and looking for ways to save taxes throughout that year so that you're not caught with a big bill or anything that you weren't expecting. So, just like you said, you gotta have a plan in someone sitting down and like, all right, how's the plan working? Is are we on track? Do we need to make some changes? I think that's why it's so important to just be intentional and intentional with our clients too about meeting all the time and make sure we're always reaching our goals.
SPEAKER_00Yeah, yeah.
SPEAKER_03Um and I always love that we like, hey, we want to save on taxes, but we don't want to leave them a tip, they're not gonna send you a thank you card.
SPEAKER_00At least I haven't gotten a thank you a thank you card from the government.
SPEAKER_02So no, no, no, April 15th is a beautiful day. I was born on the 13th, so right around my birthday. My dad always got really grouchy as business owner. So, which feeds into my next question. So, as business owners, um, what should business, and we're gonna talk more about this also at our September membership launch, so excited um you're gonna be part of that. Um, but what should business owners be thinking about when they're thinking about their personal finances versus their business finances?
SPEAKER_00Sure, sure. Uh, I know for me and a lot of business owners, this thing was your baby. You started this and it was you for a long time. Um, one of the things to keep in mind is you hope that it grows and develops and becomes something more mature and doesn't stay in that stage forever. So uh you want to grow into something that's healthy and mature, and something that uh can support itself and it blesses your personal life and not a situation where the two of those things could torpedo each other if one goes one goes bad. That's that that's that I think that's a key is growing and getting to the point where your personal stuff, your family, risk management there can be separate from the business and being able to take care of itself with all those different components. It may be your largest asset, but it should not be your only financial plan. And you know, I I'm guilty of this too. We run into this a lot where it's your blood and sweat and tears, and it's very easy to go down the road and say, uh, well gosh, small business owner, you know, you're you're humming along, but do you you know, have you been saving in other accounts? Have you actually started things to put away for retirement? Um have you have have you taken care of you know what goes on in your household? Uh you have a spouse, you have a family. What happens if you get hit by a bus? Does your spouse now have a spousal emergency and a financial emergency? Because they have no idea where the money's gonna come from. And then maybe you have a business partner. Um what happens if you get hit by a bus? Does that business partner now not have the other half that helps run the business? You know, your your baby might really suffer because of that. So there are a lot of things to put in place as as you grow. It's kind of like an elephant. You take a bite at a time, but you want to keep thinking of what's that next bite, what's that next step.
SPEAKER_02So I think um sometimes small business, I think about you know, the kind of the solo entrepreneur who's really just building and building and building. Um I don't think that that's something you know, they're thinking about how are they making the next dollar, you know, how are they making their next rent for the next month. Um, and so not thinking long term of oh wait, you know, and then I think a lot of people sometimes put all of their eggs in the basket of well, someday I'll sell this business and they don't really understand the value of their business, their book of business, or you know, their assets of their business. And so um, so that's something that you guys can come in and and help evaluate for them or find, you know, somewhat a business evaluations. Okay, I think that that would be huge.
SPEAKER_00Um, to that point, there's there's actually a book called The E-Myth uh by a guy named Michael Gerber. I didn't read it for a long time because I thought it was something about the internet, the e-myth, right? Right, but actually uh that's short for the entrepreneur myth because you know, let's say in my previous profession as an engineer, you might look around and go, I'm pretty good at my job. I think I'm just gonna go do this, and all the money that comes in, I'll make more money. Well, anybody that's tried that and hung out their shingle and said, Okay, here I am, they find out really quickly it's great, but at the same time, you wear every hat. You're now marketing, your payroll, your insurance, you know, you answer the phones, you do everything. And uh, and that goes back to starting a business, you gotta have a plan to grow that because uh, long story short, what your goal needs to be is over time, you need to grow that and find uh people that can fill different roles and and uh have a business that functions if you step away or you're on vacation. If that business can take calls and do business and and uh deal with customers and operate on its own, that speaks to your point of if you want to sell this someday, that's a much more attractive business to a prospective buyer than something where if you're not there, do you even have a business? That that isn't going to be worth a whole lot to somebody else. But a business that functions on its own that they can purchase and it'll keep functioning on its own, that's worth something.
SPEAKER_02So we've talked a lot about 401ks, um, but it's other small businesses who maybe just have a handful of employees. Um, what are some things that they can put into place um for their employees?
SPEAKER_00Sure, sure. So a few of the common retirement plans that we see, um, you know, the the firm I work for previously, just a few engineers, a SEP IRA is a great deal. It's a simplified employee pension. It sounds way more complicated than it is, but it's low cost. The the reason you only see that in companies with just a few people is whatever the owner puts into their account, the same percentage of salary they have to put in for everybody. So it's a great deal, but at the same time, it becomes an unwieldy thing if you have too many employees. For businesses that are getting a little bit bigger, say under a hundred employees, you know, a few employees up to a hundred, a simple IRA really is a great plan because low cost, but it allows people to save in a pre-tax or after-tax basis. A company match can be thrown in on that. And then if uh if you're a little further along, a 401k, and in particular, maybe a safe harbor 401k is a great option because as a business owner, you'd like to you know be able to be proactive and put put some dollars away for retirement. So as long as you meet certain thresholds, you might be able to actually max that whole plan out for yourself. So when you see uh limits that say uh for the year, maybe a 401k, $70,000, $72,000, something like that. How do people get to that point? It's by doing things like this where you take care of employees, but then you can go max out uh the portion for the owners or the highly compensated people. And then uh occasionally a business that might be going gangbusters, there are pension type options. So you you might hear something called a cash balance plan where they can put big dollars away. Let's let's say you have a lot of success and you're like, I enjoy this, but maybe I want to retire in five to ten years. How do I how do I make my taxes more friendly because I'm making all this income? I'd like to not have to pay taxes on so much of that right now. That's a great way to defer a lot of that for the future and in something above and beyond even a 401k. So those are a few options we look at.
SPEAKER_02You just sounded like Charlie Bounce too way over my head. So, but I'm excited that we're gonna talk more about it on in on the September launch. Um, so if somebody listening today wants to improve their financial situation, what are three things they could do this week? That's the last question. So what are three things that they could do this week?
SPEAKER_00Sure, sure. Uh so three things. First, uh create a one-page financial snapshot. So list all your stuff: bank accounts, investments, retirement accounts, are there debts? Or do you have insurance policies in place? What kind of money do you save? What are your financial goals? It and by the way, if you do this as a couple, uh you'll probably be like this for a few minutes, but on the other side of that, creating that one-page plan, you're gonna be happy that both of you got some clarity, you're rounding it up, you got some traction. Second thing, review and be intentional about where your money's going right now, because um, if you're not intentional about dollars that come in, they tend to just filter to different places. So give every job a dollar and allocate it, and then you know, if if if it's intended that it goes for fun stuff and enjoyment, that's great, do that. But if you don't, you'll find that lots of dollars seem to filter away and you don't really know where they went. And then, third, uh, choose one resolved financial issue in your life, your household, and take a step on that this week.
SPEAKER_03And I just want to say, if uh knowledge, you can listen, or you could read books, or you can listen to podcasts all day long. But knowledge without action is all of a sudden I can't think of my rest of my sentence.
SPEAKER_00It's just a dream.
SPEAKER_03It's just entertainment. Yes, knowledge without action is just entertainment. So if you're always listening to podcasts or always listening or reading, but you're never putting action steps into it, you're entertaining yourself and you'll never reach your goal. Uh so I I'm just trying to emphasize that you have to have a plan and you have to make choices and and be intentional about hit, you know, reaching that plan. If you don't take some action, it won't, it won't happen. So we don't we don't want to be procrastinating, you know. Like you say, you're gonna clean out the garage for 10 years and it still looks like a hot mess. So, but you know, that's how your financial life will look if you don't make some, if you don't take that knowledge, put some action behind it.
SPEAKER_00There's a great book called Atomic Habits. James Clear wrote that, and he's all about figuring out. So when I heard atomic habits, I was like, oh, these must be big. No, he's talking about atomic on the small scale. So, what small things, what tweaks can you make so that you start developing good habits? Uh, and like maybe you already have a uh uh a habit of getting up in the morning and and drinking coffee. Well, attach something else that's positive to that. So maybe if you wanted to do a devotion in the morning, say, All right, I'm gonna drink my coffee and and and read a quick devotional, and you sign up for that, and it's like two seconds just to read that. But it starts to get you in the habit of doing that. Yeah, um, another one would be like eating well. So, one of the things he did was he he simply on on the countertop in the kitchen set fruit and things that would be better for him to eat, so as his brain walked by, he could grab something rather than chips, things like that. He put those in hard-to-reach areas of the house, and you find that you start gravitating to the easier things to do.
SPEAKER_03And change is hard, right? Change, doing something different because it's unfamiliar, it's scary. You probably brought up food because I'm trying to change my eating habit. I love all sweets. Um, but so I'm just trying to take one small change in that, right? And and that's also why we're here too. Sometimes you just need accountability, someone to be your partner in it and be like, can you help me make these small changes, or can you be holding accountable? Are you doing this? I know I need accountability for things in life. Uh, and so, but that's what we want to do too, is like help you get decide what that plan is, hold you accountable. That's why meet say, Are we reaching? How how are the action steps going? And sometimes those could be not good, or you know, okay, but let's refocus, but we we can do it together. I like that.
SPEAKER_02All right, so how do people find you?
SPEAKER_00Uh well, it's the modern age, so we happen to have a website, so just type in sunriftcp.com. Uh, you can find us on LinkedIn, Facebook, all the all the typical places like that.
SPEAKER_02You're on our chamber page. I'm chamber page. Thank you guys both for coming in. I um I appreciate your knowledge um and sharing it with us. Uh, I am super excited about the lunch uh couple of weeks. I think that will be um very beneficial to our members. Um sometimes um I don't think I'm sorry, but I don't think finances are fun to talk about.
SPEAKER_03He says that all the time.
SPEAKER_00Jill Joel says she has a 17-minute window. So if we want to talk, even though she works with me, you know, if there's something important to cover for us, all right, go 17 minutes and then it is true, because there's a nerd and a free spirit in every family, right?
SPEAKER_03Right. He's the nerd and I am a hundred percent the free spirit. Yeah, I'm like, and if I says, can you come into the office? And I'm like, oh when couples come in, I totally understand. And you can see who's a free spirit and who's not, and uh, and they they as well only have about 17 minutes, you know, because it's just not your heart. It's not like you don't want to be a part of it, right? But uh that's not your passion, and so just but you need to do it together because if you don't know anything, that's even worse, right? And I it's part about you know not knowing where your money's going, right? So I when my girls and I at January were like, okay, we're gonna see what we're spending our stuff on, you know. I'm like, okay, we could go way too much to the coffee, well, I go way too much to the coffee shop or whatever, you know, and I like added it up. Holy smokes, you really don't realize how much you're spending on extra stuff until you really sit down and add that. And then someone's like, Well, how can I save more? Well, I just found you like $200, you know, and that adds up quick when you start saving it. And so just taking the time to to understand your personality and how you operate and figuring out how that will work together and uh but using each other's strengths to to help that work as a family. Great. Thank you. Well, thank you so much. I really appreciate it. Enjoy the rest of your day.