Change is inevitable. It happens, and there is not much that can be done to steer the direction it will take. Change is hard, and many people resist it. But change is an opportunity, and those who accept it, learn from it, and move with it can take advantage in ways that were never available before.

In this episode of Compounding Change, host Shannon Davis welcomes back Leadership coach Jenna Stoliker. Together, they discuss the challenges and resistance faced by individuals, particularly first responders, when it comes to financial change.

They explore the psychological aspects of why people resist change, the importance of mindset shifts, and how to reframe financial decisions as opportunities rather than threats. The conversation emphasizes the need for alignment with financial advisors and the value of community support in navigating financial uncertainties.

Takeaways

-Resistance to change is a common human experience.

-Predictability is crucial in high-stakes environments like firefighting.

-Uncertainty triggers resistance in financial decision-making.

-Asking for help can be met with internal resistance.

-Mindset shifts are essential for navigating financial changes.

-Reframing change as an opportunity can reduce fear.

-Surrounding yourself with supportive people is vital.

-Alignment with financial advisors is key to effective planning.

-Small consistent actions lead to significant results.

-Continuous learning is necessary for effective financial guidance.

Chapters

00:56 Introduction

02:16 Frustrations with Financial Planning Changes

10:55 Step by Step Process

15:55 Resistance to Change

19:14 The Right People On Your Team

23:41 Conclusion and Contact Information

Helpful Links:

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions.

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance.

The Compounding Change Podcast is brought to you by Shannon Davis