Description
This book study course dives deep into The Soul of Wealth by Daniel Crosby, offering financial professionals a structured opportunity to explore 50 insightful essays that redefine the meaning of wealth. Participants will engage in meaningful discussions and complete quiz questions designed to encourage reflection and application of key concepts. Throughout the course, participants will examine behavioral finance principles, evaluate practical approaches to improving financial decision-making, and discover strategies to help clients align their money habits with their values. By applying insights gained from this course, financial professionals will be better equipped to guide clients toward a wealthier, more fulfilling life.
Those participating will read 263 pages of material (330 words on average per page), answer 40 multiple choice questions to reinforce knowledge and identify actionable strategies for client engagement, as well as brief essay questions following the optional weekly group meetings with other financial professionals.
Learning Objectives
Analyze Values and Spending Alignment: Evaluate how spending patterns reflect clients' values and guide them to make intentional financial choices.
Leverage Behavioral Finance Principles: Apply concepts from behavioral finance, such as delayed gratification and the psychology of money, to help clients improve their financial decision-making.
Promote Purposeful Spending for Happiness: Educate clients on how intentional spending can increase happiness and enhance overall well-being.
Design Effective Financial Planing education: Incorporate the principles outlined in The Soul of Wealth to create education and/or plans that align with clients' goals and values.
Recognize and Mitigate Behavioral Biases: Identify common cognitive biases and implement strategies to help clients overcome them.
Evaluate and Navigate Risk: Guide clients in understanding the relationship between risk and reward, empowering them to take calculated risks in pursuit of their financial goals.