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Robert Brokamp

👤 Speaker
1796 total appearances
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Appearances Over Time

Podcast Appearances

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

All right, let's move on to our fifth component, the State of the Union.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

And we had in quotes by fellow Brocamps.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

And the point here is to monitor progress.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

Yeah, one of those neutral parties was a fielding financial planner, which may surprise people, given that I'm a certified financial planner myself.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

But I do think it's important for even financial professionals, as well as dedicated do-it-yourselfers, like many of the Motley Fool Money podcast listeners are,

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

to check in with a fee-only financial planner every few years, just to get that objective professional point of view.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

And I think it could also help when partners don't agree on financial priorities, as long as both are willing to listen to the professional with an open mind.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

All right, so those were the five components of our financial manifesto.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

But in our article, we also highlighted some of the problems we encountered when creating it.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

So looking back 26 years later, which one sticks out to you the most?

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

Right, and I think we've developed a good sense of that.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

And when, as you mentioned previously, you know what, maybe I'll make this an email first to introduce the topic and then see how it goes from there.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

The one problem that we highlighted in the article that I think is interesting now, looking back on it, was the initial disagreement about the manifesto itself, right?

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

So I wanted this extensive document that was several pages long and it was more like a constitution, right?

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

Dealt with every little thing about our finances.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

which I laugh about now because soon after we did this, we had kids and all that nitty gritty would have gone out the window.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

So you wisely convinced me that the manifesto should be more about, shall we say, like guiding principles than like a company's audited financials.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

So let's close here with some parting final advice.

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

Is there anything we didn't discuss, but you think is important for couples to consider when coming up with their own plan for managing their money?

Motley Fool Money
A Couple’s Financial Manifesto, Revisited

Well, that is very kind of you.