The Shocking Truth About Financial Advice in NZ - Lara Maloney

NZ Business Owners

In this podcast, Lara, the owner of My Future Plan, discusses her motivation to become a financial advisor and her dedication to financial literacy as a key to living a fulfilling life. Addressing misunderstandings around financial services, Lara emphasizes the importance of seeing financial advisors as a normal part of life, just like having a doctor. She delves into details about investing, avoiding the pitfalls of chasing returns, and the challenges of scaling in the financial advisory profession. Lara also discusses her vision of normalizing the role of financial advisors in New Zealand and making 'My Future Plan' New Zealand's most trusted advisors. Guest Details: https://myfutureplan.co.nz/ Chapters 00:00 Introduction 01:10 The Meaning of Life and Self-Actualization 03:08 A Personal Journey: From Burger King to Financial Freedom 05:15 The Traditional Life vs. A Better Way to Live 07:41 The Power of Passive Income 11:08 Understanding Managed Funds and Investment 12:33 The Challenges of Financial Planning 21:19 Understanding the Emotional Aspect of Finance 21:42 The Gap in Financial Education 22:39 Personal Financial Struggles and Lessons 23:08 The Importance of Financial Planning 23:23 The Misconceptions about Mortgages 24:26 The Role of a Financial Advisor 25:07 The Value of a Financial Advisor 25:48 The Different Types of Financial Advisors 27:31 The Future of Financial Advising 31:56 The Challenges in the Financial Advising Business Model 39:32 The Importance of Building Relationships with Clients 41:43 Overcoming Bottlenecks in Financial Advising