Focus on Inputs, Not Outcomes: Chad Humphrey's Financial Wisdom

Becoming Bridge Builders

Chad Humphrey, a seasoned financial planner and best-selling author, emphasizes the importance of focusing on inputs rather than outcomes in achieving financial success. With nearly two decades of experience, Chad shares insights on how managing clients' mindsets and behaviors is crucial for long-term wealth building. He highlights that living within one’s means is essential, regardless of income level, and that financial decisions should align with personal values and goals. Through his holistic coaching approach, Chad illustrates how understanding one's relationship with money can lead to a more meaningful and impactful life. This conversation also delves into the significance of building strong client relationships and the transformative power of financial education.

In this insightful episode of Becoming Bridge Builder with Keith Haney, Chad Hufford discusses the importance of focusing on inputs rather than outcomes in both personal and professional life. He shares the best piece of advice he received: to focus on what you can control and let the results take care of themselves. Chad also talks about the influential mentors in his life and the key lessons he learned from his father about living within your means.

Chad explains the holistic approach to financial planning and the importance of managing behavior. He emphasizes the need to have a clear direction and priorities in life, and the wisdom of saying no to good things to pursue the best. Additionally, Chad discusses current trends in the financial planning industry that concern him and shares his excitement about involving his children in his professional life.

This episode offers valuable insights into financial planning, life priorities, and the power of focusing on what truly matters.

Chad Humphrey’s journey through the world of financial planning reveals profound truths about the relationship between mindset, behavior, and financial success. With a background in biochemistry and a passion for coaching, Chad emphasizes the significance of focusing on inputs—actions and choices—rather than outcomes, which can often be influenced by factors beyond our control. This enlightening episode encourages listeners to adopt a proactive approach to their finances by understanding what they can control and transforming their habits to align with their financial goals.

The discussion takes a deeper dive into the essence of holistic financial planning. Chad argues that money management is not just about investments and returns; it is about creating a life filled with meaning and purpose. He shares personal anecdotes and client stories that illustrate how financial independence can enable individuals to pursue their passions, help others, and make significant life changes. By highlighting the importance of living within one's means and cultivating a disciplined approach to saving, Chad challenges conventional views on wealth accumulation and invites listeners to reconsider their financial priorities.

Additionally, Chad critiques the current financial climate, where distractions and fears about market volatility can lead to inaction and anxiety. He urges listeners to take charge of their financial narratives, emphasizing that they have the power to change their circumstances through disciplined actions. By fostering strong client relationships and engaging in open, honest conversations about financial health, Chad and his team at Veritas strive to guide individuals toward a better understanding of their financial situations. This episode not only provides practical advice but also inspires a shift in perspective—encouraging everyone to step off the sidelines of their lives and actively participate in their financial future.

Takeaways:

• Chad emphasizes the importance of focusing on inputs and actions rather than outcomes, which can lead to greater financial success.
• Living within one's means is crucial, as it determines financial stability regardless of income level.
• Building relationships with clients is essential; it's about coaching and partnership, not just advice.
• The financial industry often distracts people from what they can control, leading to feelings of helplessness.
• Chad's background in sports psychology informs his approach to financial planning and behavior management.
• He believes in teaching clients to manage their behavior rather than just providing tools.

Links referenced in this episode:

• veritasalaska.com

Companies mentioned in this episode:

• Veritas
• Dave Ramsey