142-One Possible Business Model For an Ethical Financial Planning Practice Serving Middle-Income Families

I designed a potential financial planning practice structure a year or so ago. It has been my backup plan if Radical Personal Finance were unable to be financially productive. (It's probably still a backup of a backup.) In light of the Episode 139: "My Advice for People Interested In Getting Into Financial Planning," I decided to follow up with some specific ideas for a practice I considered creating. Here are my ideas.  The show includes a discussion of: The problem of providing planning for middle-income households The idea of a planning model for a monthly fee How to align advisor and client incentives The benefits of a virtual financial planning meeting The importance of having a clear marketing plan for your practice Ideas for building trust The importance of demonstrating expertise The importance of a niche market focus Limitations on income with this model Enjoy the show! Links: XY Planning Network