Top 40 Tweets From FPA Retreat

The average 30 yr old has had 11 jobs. In the future it will be 200-300 projects. How will you plan? @ThomasFrey #FPARetreat11   - @MichaelKitces

 

How different will financial planning be when the client knows as much about their financial needs as you do? @ThomasFrey #FPARetreat11   - @BillWinterberg

 

Top investment in brand isn't web & logo designers. It's investing in your writing & communication skills to convey it. #FPARetreat11   - @MichaelKitces

 

The only way to get great customer relations is to treat your employees like your very best customer. #fparetreat11   - @Joshco0752

 

The "I'm the expert, you're the novice, I'll tell you what to do" model is NOT motivational environment to help clients change #FPARetreat11   - @MichaelKitces

 

When it comes to changing behavior, an authoritative manner is not helpful. Miller-Kovach #fparetreat11   - @MkCorbin

 

Four Key Questions: Expert to Expert What do you want to happen? What needs to happen? Can you? Will you? Miller-Kovach #FPARetreat11   - @BillWinterberg

 

Being overweight is the new normal, affecting 2/3rds of Americans. The $ parallel, 70% of Americans live month to month #fparetreat11   - @RickKahler

 

We need to understand that our customers are the experts at what they want and what's important to them. #fparetreat11   - @Joshco0752

 

Just saw awesome video by @equalman for #FPARetreat11 social media panel re social media explosion. Thx @BillWinterberg http://bit.ly/m3Iqh9   - @MichaelKitces

 

"If the SEC ever banned use of Twitter/soc media, I'd probably go down in a blaze of tweets." -@RickKahler #FPARetreat11   - @MichaelKitces

 

Social media has overtaken pornography as #1 activity on the web. Social Media panel #fparetreat11   - @MkCorbin

 

Mauer: I don't gauge metrics on social media as value to me, but as value to clients. Social Media panel #fparetreat11   - @MkCorbin

 

Positioning your firm & describing who/what/how you can help really motivates clients to refer to you #FPARetreat11   - @RachelSanborn

 

Social media isn't about marketing to people. It's about relating to them. #FPARetreat11   - @MichaelKitces

 

Facebook is personal. So if you want a personal relationship w/ your clients, how can you NOT be on FaceBook and friend them? #FPARetreat11   - @MichaelKitces

 

"We switched to Treasuries in 2008 crisis due to money market fears. But why can't we think about equity changes?" -Cordaro #FPARetreat11   - @MichaelKitces

 

"We all want a silver bullet to kill 2008 vampire if it ever returns. But next crisis will be a different monster." -Cordaro #FPARetreat11   - @MichaelKitces

 

"With increasing complexity of portfolio management, some firms will allocate resources, others will outsource." -Miccolis #FPARetreat11   - @MichaelKitces

 

"The brake to exponential growth is nature. We cannot grow infinitely on a finite planet." -Greco #FPARetreat11   - @MichaelKitces

 

"China appears more authoritarian from here than it feels when you're there. Chinese are very entrepreneuial." -Wyss #FPARetreat11   - @MichaelKitces

 

"Despite all the propaganda, we are not getting the health care results we pay for. High costs, poor outcomes." -Wyss #FPARetreat11   - @MichaelKitces

 

Monte Carlo should measure not just the probability of failure but the magnitude. -Shambo #FPARetreat11   - @MichaelKitces

 

"Clients are less concerned about the probability of success than the consequences of failure." -Shambo quoting Bogle #FPARetreat11   - @MichaelKitces

 

In connected world, u don't find clients, they find u... through content you make available. Be discoverable. -@BillWinterberg #FPARetreat11   - @MichaelKitces

 

If your clients Google you, what DO they find? -@BillWinterberg #FPARetreat11   - @MichaelKitces

 

Your clients and prospects want to SEE who you are. Your website needs video. -@BillWinterberg #FPARetreat11   - @MichaelKitces

 

"Numbers don't mean anything w/o a story; a story doesn't mean anything w/o some numbers." -Lazenby #FPARetreat11   - @MichaelKitces

 

"It's fun to talk about left brain and right brain, but at the end of the day, your clients have one WHOLE brain." -Lazenby #FPARetreat11   - @MichaelKitces

 

Who pays more & has more fun? Buy teddybear or go to build-a-bear? Do you sell a plan or give clients build-a-plan experience? #FPARetreat11   - @MichaelKitces

 

Why do we make fp like a dental visit, math class and marriage therapy combined? We need a better experience. -Lazenby #FPARetreat11   - @MichaelKitces

 

"The #1 reason clients don't share with planners is b/c they fear they might be judged." -Lazenby #FPARetreat11   - @MichaelKitces

 

Yeske/Buie: we need to be training planners from the beginning to balance head and heart work with clients. #FPARetreat11   - @LKirchenbauer

 

Consider having a debt policy for clients in addition to an investment policy. #FPARetreat11   - @RachelSanborn

 

Happiness doesn't just feel good. Happiness IS good. Good moods lead to all sorts of positive outcomes. -@BiswasDiener #FPARetreat11   - @MichaelKitces

 

Money allows people to live their values and be more happy. So money does matter. @BiswasDiener #FPARetreat11   - @MichaelKitces

 

Having money leads to more happiness. But putting a high value on money has a dramatically opposite effect. @BiswasDiener #FPARetreat11   - @MichaelKitces

 

Happiness is so important that measuring it once for an 18 yr old on a random day predicts income 20 yrs later. @BiswasDiener #FPARetreat11   - @MichaelKitces

 

The trick to happiness is to have wealth without wanting it. @BiswasDiener #FPARetreat11   - @MichaelKitces

 

Planners contribute to happiness b/c they provide hope for a better tomorrow. @BiswasDiener   - @MichaelKitces