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Join us on Average Joe Finances as our guest Sarah Ecklein, a private fiduciary from the Bay Area, California. Sarah shares insights into her profession, the importance of estate planning, and her journey from aspiring hospice nurse to fiduciary. She discusses the complexities of trust administration, the significance of proactive planning, and the emotional and financial impacts of failing to prepare for end-of-life situations.

In this episode:

• Uncover how proactive estate planning can prevent family conflict and preserve your legacy.
• Learn why fiduciary roles go far beyond finances and often provide crucial decision-making support.
• Discover the dangers of delaying end-of-life conversations and how they can lead to legal and emotional chaos.
• Explore how creating an estate plan today protects your loved ones tomorrow, emotionally and financially.
• And so much more!

Key Moments:

00:00 Introduction and Welcome

00:55 Meet Sarah Eckle: A Private Fiduciary

01:28 Sarah's Journey to Fiduciary Work

02:58 Understanding the Role of a Fiduciary

05:50 The Importance of Estate Planning

08:02 Challenges in Fiduciary Work

10:08 Proactive Planning and Legacy Building

22:03 The Importance of Updating Your Will

23:06 The Impact of Estate Planning on Families

23:54 Communicating Your Estate Plan

26:05 Handling Awkward Conversations About Estate Planning

28:11 Final Round: Personal Finance Mistakes and Lessons

33:22 Advice for Newcomers and Final Thoughts

35:36 Where to Find More Information and Conclusion

Find Sara Ecklein:

Website: https://www.trustandhonor.co/

Instagram: https://www.instagram.com/themindfulfiduciary/

Facebook: https://www.facebook.com/people/Sara-Ecklein-CLPF/100067625615341/

LinkedIn: https://www.linkedin.com/in/sara-ecklein

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

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Join us on Average Joe Finances as our guest Doug Lynam, a former Benedictine monk turned financial advisor and author, shares his unique life story, detailing his upbringing in an affluent family with financial struggles, joining the Marine Corps, and eventually spending 20 years in a monastery where he had to navigate its financial crisis. Through this journey, Doug developed a keen interest in finance, ultimately leading to a successful career as a financial advisor. He discusses his views on effective money management and introduces his latest book 'Taming Your Money Monster,' which combines the Enneagram personality system with financial behavior analysis.

In this episode:

• Discover how understanding your personality can expose hidden financial habits and help tame your "money monsters."
• Explore why true service and generosity begin with achieving personal financial stability.
• Unlock the power of aligning earning, saving, investing, and giving for long-term financial success.
• Understand how financial literacy is rooted in continuous self-awareness and personal growth.
• And so much more!

Key Moments:

00:00 Introduction and Guest Welcome

00:33 Doug Leham's Early Life and Family Dynamics

01:29 Journey to the Marine Corps and Monastery

02:14 Financial Awakening and Monastery Bankruptcy

04:32 Building a Financial Advisory Firm

08:06 The Enneagram and Money Monsters

11:27 The Four Pillars of Financial Success

13:36 Understanding the Enneagram Types

19:21 Transitioning Between Achiever Categories

19:48 The Value of a Good Enneagram Test

20:48 Understanding Money Relationships

22:05 Doug's Journey from Monk to Financial Advisor

23:11 The Final Round: Doug's Financial Insights

28:26 Doug's Recommended Reads

31:14 Where to Find More About Doug

32:58 Final Thoughts and Farewell

Find Douglas Lynam:

https://www.douglynam.com/

https://www.instagram.com/douglynam/

https://www.linkedin.com/in/doug-lynam/

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

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Join us on Average Joe Finances as our guest Ken Gee, founder and managing partner of KRI Partners, shares his inspiring journey from growing up in Toledo, Ohio, working as a CPA and commercial lender, to becoming a successful real estate investor. Ken discusses his transition from a corporate job to real estate due to the desire to spend more time with his family and avoid corporate pitfalls.

In this episode:

• Discover how a shift from CPA life to real estate investing gave Ken G. the time freedom he craved and how it can for you too.
• Uncover the power of value-add strategies in multifamily real estate and how a simple renovation plan turned Ken's first deal into a win.
• Explore why choosing high-growth markets like Florida using tools like U-Haul data can drive strong real estate returns.
• Take in Ken G.’s advice on avoiding shiny object syndrome and staying laser-focused to build long-term wealth through real estate.
• And so much more!

Key Moments:

00:00 Introduction and Welcome

00:59 Meet Ken Gee: From CPA to Real Estate Mogul

02:20 The Aha Moment: Balancing Work and Family

03:33 First Steps in Real Estate: Learning the Hard Way

10:46 Strategic Decisions: Selling and Reinvesting

12:38 Partnerships and Mentorship: Finding Your Gary

14:41 Evolving the Business: From Syndications to Funds

16:13 Why Florida? Strategic Market Choices

18:17 Analyzing Market Trends

18:47 Overcoming Barriers to First Deals

21:59 Mindset and Visualization

24:21 Biggest Business Mistakes

26:38 Advice for Real Estate Beginners

30:26 Final Thoughts and Resources

Find Ken Gee:

Website: https://www.kripartners.com/

LinkedIn: https://www.linkedin.com/in/geekennetha/

Facebook: https://www.facebook.com/people/Ken-Gee-KRI/100086519510719/

YouTube: https://www.youtube.com/@KenGee_KRI

Instagram: https://www.instagram.com/kengee_KRI/

Twitter: https://twitter.com/i/flow/login?redirect_after_login=%2Fkengee_kri

TikTok: https://www.tiktok.com/@ken_gee_kri?lang=en

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

Support the show