Summary: In this episode of Wealth on the Move, host Will Hoffman interviews Tim Smith, the creator of The Financial Dad podcast. They discuss the importance of financial education for young adults, the gaps in current financial literacy, and the motivation behind creating a platform that simplifies complex financial concepts. Tim shares his experiences and insights on how to effectively communicate financial knowledge to those who may not have had exposure to it, particularly focusing on the needs of entrepreneurs and the younger generation. In this conversation, Tim and Will discuss the importance of financial education, particularly for young adults. They reflect on their own experiences with financial literacy, the role of family in learning about personal finance, and the challenges faced by new entrepreneurs. Tim shares insights on transitioning from a long career in financial services to new ventures, emphasizing gratitude and the pursuit of new challenges. The discussion also touches on the significance of honoring past experiences while looking forward to future opportunities.

Connect with Will Hoffman: 

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• Hoffman Wealth Management
  
• (724) 522-5411
  
• will@hoffmanwealth.com
  
• LinkedIn: Will Hoffman 
  
• Facebook: Hoffman Wealth Management 
  
• YouTube: Hoffman Wealth Management
  

Connect with The Financial Dad:

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• Facebook: The Financial Dad
  
• Youtube: The Financial Dad
  
• LinkedIn: The Financial Dad
  
• The Financial Dad Website
  

Takeaways:

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• Retirement is no longer defined by age but by personal choice.
  
• Coaching helps individuals rediscover their purpose during transitions.
  
• The Retirement Wheel assesses various life aspects beyond finance.
  
• Legacy is about love and impact, not just financial wealth.
  
• Many retirees experience a sense of loss and need support to find purpose.
  
• Ageism affects perceptions of self-worth in retirement.
  
• It’s essential to nurture relationships during retirement.
  
• Fear of change can prevent individuals from pursuing their passions.
  
• Self-reflection is crucial in understanding one’s journey.
  
• Honoring endings can lead to new beginnings and growth.