In a world where financial success is often measured by income or net worth, Daniel Evans, CFP® offers a refreshing perspective. In this episode of Hey Money, Get a Life!, Daniel shares his journey from the investment world to a holistic approach to financial planning with Money Coaches Canada, emphasizing the importance of “conscious capital.”
The Journey to Conscious Capital
Daniel’s story begins in the back of an economics classroom, where a professor’s words about wealth sparked his curiosity. Initially driven by the allure of money, Daniel spent years in wealth management only to realize that true fulfillment lay beyond mere financial metrics. His transition to Money Coaches Canada marked a shift towards helping clients measure their “return on life” rather than just their financial returns.
Daniel introduces the concept of “conscious capital,” urging individuals to allocate resources towards four key areas: community, personal growth, relationships, and health. Examining each in turn, he argues that these pillars are essential for a fulfilling life, transcending traditional financial goals.
The Importance of Cash Flow
In his discussion with Jodie, Daniel emphasizes that cash flow is the foundation of financial health. A successful retirement plan cannot exist without a solid understanding of where your money goes. He advocates for a conscious approach to spending, ensuring that money is directed towards what truly matters.
Daniel’s insights challenge us to rethink our financial priorities. As Daniel puts it, “It all starts with conscious capital.” By focusing on conscious capital and the four pillars of fulfillment, we can achieve something far more valuable than just a hefty bank account; we enjoy a more balanced and meaningful life.
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👉Listen to Episode 2 of Hey Money, Get a Life! now and subscribe wherever you get your podcasts.
