(How) does the FF Flow differ for singles?
# generalf
famous-librarian-74197
04/30/2023, 4:36 PM(How) does the FF Flow differ for singles?
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mysterious-tomato-10057
04/30/2023, 4:37 PMI would say it's the exact same. The only difference I find with single clients is it's very hard to do a full financial plan since they don't really seem to have long term goals. Without kids, no expenses to plan for etc.
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swift-vegetable-15776
04/30/2023, 5:02 PMWhat about engaged couples? Or newly married couples? When does it become easier to look at a long term picture?
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mysterious-tomato-10057
04/30/2023, 5:06 PMThe moment anyone is engaged I HIGHLY recommend setting up a financial plan with frum.finance
It's an ongoing relationship and you need to get off on the right foot and start learning fundamental principles. I have a whole program for engaged couples I go through and then regular followups after the wedding which then turned into a semi annual follow-up.
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mysterious-tomato-10057
04/30/2023, 5:07 PMA single person that does have long term goals though should absolutely set up a thorough financial plan. If you plan to travel the world regardless of family details, we need to start planning for that.
mysterious-tomato-10057
04/30/2023, 5:19 PMIf a single person doesn’t have any long term goals, I think if they max out their Roth IRA every year then for 99% of people that should be enough of a go, but I am still happy to do a financial plan with them regardless!
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breezy-magician-64957
04/30/2023, 5:51 PMWhat’s the pricing structure for it @mysterious-tomato-10057
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mysterious-tomato-10057
04/30/2023, 5:52 PMWe don’t charge for any services but we gladly accept donations 🙂 Now that we are purchasing real industry standard software and expanding we are going to need those donations! haha.
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thankful-raincoat-91160
04/30/2023, 7:36 PMI think most single people should have long term goals. Younger ones do hope to marry and have kids in the future and it probably makes sense to start saving today.
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mysterious-tomato-10057
04/30/2023, 7:37 PMI agree that young people should have long term goals. I’m just pointing out that so far that seem to not. But I also in general don’t like telling people to save for a child that doesn’t exist yet when they aren’t married. But I’ll tell them to save for retirement or travel or starting a business
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