Financial Planning for Young Adults: Why You Don't Need Millions to Retire – with Skyler Fleming

Most traditional financial planners focus on "Assets Under Management," which often leaves young adults out of the conversation. But while young people may lack capital, they possess the most valuable asset in investing: Time.In this episode, I sit down with CFP Skyler Fleming, host of Financial Planning for Young Adults, to discuss how to leverage that time advantage.We also break down what a "Financial Plan" actually is. It isn't just a spreadsheet or a restrictive budget; it is a tool to align your money with your values. As we discuss in the show, the whole purpose of money is to have "more life"—more options, more fun, and the flexibility to make choices without financial anxiety. When you have a plan in place, you don't just reduce stress; you give yourself permission to spend guilt-free on the things that actually matter to you.Key Topics Covered:What is a Financial Plan? Moving beyond "budgeting" to see your money as a tool that creates options and freedom.The "Asset Gap": Why the financial industry overlooks young adults and why you shouldn't wait to start.The Rule of 72: Understanding the "5th Doubling"—why the money invested early is worth exponentially more than money invested later.Coast FI Explained: How to calculate the number (e.g., $139k) that secures your traditional retirement so you can take your foot off the gas.Cashflow & Automation: Why you should focus on automating your cashflow "buckets" so you can live your life without obsessing over every dollar.Episode links:Connect with Skyler:https://www.youtube.com/@FPYApodhttps://www.instagram.com/moneytalk.skylerfleming/https://walletburst.com  (Coast FI calculator)Connect with Dominic:https://fiforkids.comhttps://dominicdelaquil.comhttps://www.youtube.com/@DominicDeLaquilMusic:  https://www.reverbnation.com/douglascameron