In today’s episode of Framework, Jamie talks with Jason Smith, the CEO and founder of Clarity2Prosperity. Jason is a self-proclaimed retirement income nerd and focuses on providing high-impact strategies through his bucket plan approach to financial planning.

Jason grew up in the business so to speak: his dad was an insurance agent. Jason followed in his dad’s footsteps right out of school, selling insurance basically door-to-door. He was growing his firm and living a good life until a health emergency caused him to reevaluate everything.

After his health scare Jason started a financial planning firm. He put in the processes necessary to ensure that even if something happened to him, his family would be taken care of. And that’s the approach he takes with his financial planning work, too.

Jason created the bucket plan approach that he outlines in his book, The Bucket Plan. The book simplifies his financial planning message so he can have a positive impact on as many people as possible.

In today’s episode, we talk about his transformational moment in life, how sports got him where he is today, and his plan for simplifying and delivering his massive transformative purpose (MTP): bringing simplified financial planning to one billion people worldwide. And if you’ve ever wanted to learn more about Hungarian food, this episode is for you!

“If I can simplify financial planning—and I’m referring to a holistic planning experience—if I can simplify that for advisors to be able to duplicate and create that experience and run that process with their clients, then they can simplify it for their clients. That’s going to make a big difference. ~ @C2PMastermind

Main Takeaways

  • A lot of advisors are too intimidated to take on holistic financial planning because they think it is too complex. The Bucket Plan can help advisors simplify it and, in turn, simplify it for their clients.
  • Training and coaching are two drastically different things. Training is learning something via education. Coaching is about accountability and bettering yourself. Recognizing the difference is important for understanding the outcomes.
  • Bucketing starts by understanding The Money Cycle:
    • Accumulation – preparing for retirement.
    • Preservation – preserving your accumulation to draw from in the first part of retirement.
    • Distribution – handing out the money upon your death.
  • The middle bucket is arguably the most important. Most people don’t have it and it’s your job as an advisor to show them the value in it.

Links and Important Mentions

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AUTHOR

Jamie Hopkins

Managing Director, Carson Coaching
ESQ., MBA, CFP®, LLM, CLU®, ChFC®, RICP®
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