This Week's Money Talking Points
1. How can you start building a financial plan?
Let’s bust the myth right now — you do not need to be a millionaire to start financial planning. It’s not about massive spreadsheets, complicated jargon, or hiring an expensive advisor. A financial plan is simply knowing what you want to do with your next dollar. That’s it. Think of it like going to the gym — you don’t see massive results after one workout, but the consistent effort is what builds strength over time. Same with your money. Start by tracking what comes in and what goes out. Be intentional and proactive. You don’t need the perfect answer right now — you just need to start.
I always recommend starting with something simple and achievable, like an emergency fund or reviewing your 401(k) contributions. That’s what my wife and I did. And let me tell you, when life throws a curveball — like when one of her student loans vanished from the system only to reappear years later with thousands in interest — it was our plan that helped us navigate the mess. You don’t have to build a mansion in one day. Just lay the first brick. Financial planning isn’t about being rich. It’s about being prepared.
2. What small area can you begin with?
Don’t underestimate the power of small steps. One of the best things you can do is just pick one area and get to work. For my wife and I, that’s estate planning. And before you roll your eyes and think, “That doesn’t sound small,” remember — it doesn’t have to be big and complicated. We’re talking about organizing beneficiaries and checking our medical directives. One step at a time. What’s your version of that? Maybe it’s setting up a sinking fund for an upcoming vacation, or finally reviewing your car insurance coverage.
Think about the areas where you’ve already taken a couple of steps. That’s a great place to keep going. If you’ve got a small emergency fund started, build on it. If you’ve opened a retirement account, revisit your contributions. The key is not trying to overhaul your entire financial life in one weekend. That’s how you get overwhelmed and give up. Instead, identify that “next smallest step” and focus your energy there. Momentum matters.
3. How can sharing your financial plan with others help
Here’s something we don’t talk about enough: money doesn’t have to be a solo journey. Sharing your financial plan — whether with your spouse, a friend, or a coach — can make a massive difference. It’s about accountability, encouragement, and getting a fresh perspective. We can all be “money buddies,” and I truly believe everyone should have one. When you talk through your goals and your worries out loud, things suddenly feel more manageable. You get clarity. You might even get a better plan than the one you started with.
And if you’re married or in a relationship, let me say this loud and clear — build your plan together. The communication, the shared vision, the teamwork — it all leads to better outcomes. But even if you’re doing this solo, bringing someone in to bounce ideas off of or hold you accountable can be the boost you need. When I realized I didn’t need to be a credit card rewards ninja and could just stick with cashback, it felt like a huge weight lifted, and that came from talking with others. Don’t go it alone. Share the plan and share the journey.
This week's Money Buddy
Joel Miller is a CFP® professional dedicated to building relationships and creating memories. He uses his energy and enthusiasm to help individuals and families with their personal finances. He enjoys competing in 70.3 Half Ironman Triathlons and Pickleball.
Enjoy your week and get out there and have a money talk!
