Description

Does more money make people happier? Although many studies show that, on average, wealthier people are happier, there are as many indicators that making lots of money will not inevitably boost happiness. It’s actually how you spend, save, and think about money that defines how much joy you get from it. 

The key is to learn from people who have made mistakes about money and break down the misconception that equates more money with fewer problems and more happiness. This is the topic of our conversation today with Francis Simms of NorthCoast Asset Management. As a financial planning expert who advises high-net-worth families on retirement planning, income generation, and risk management, Francis has gained valuable insights on money, time and relationships and finding meaning and significance in life.

Key Points From This Episode: 

• Francis shares some highlights of his week.
• Francis gives snapshots of his life and background.
• Francies explains the work that he does with NorthCoast Asset Management.
• What has been the most surprising thing Francis learned about the people that he has worked with?
• What’s the biggest misconception people have about money and investing?
• What’s the biggest mistake that people make with money and investing? 
• Where does Francis find meaning and significance in life?
• What is the greatest investment that Francis has ever made? 
• What big failure did Francis gain the most lesson from?
• Francis shares a pivotal moment in his journey of generosity.
• What’s the biggest paradigm shift in Francis’ journey of generosity?
• Francis’ top piece of advice
• Francis answers the mentor-minute questions.

Tweetables:

“It's more about time and relationships than it is about resources.”

“Prior proper planning prevents poor performance.”

“A lot of people go through life not really having an idea of why they are where they are.”

“It’s a misconception that money solves more problems than it creates.”

“Money is the last card that people play.”

“...enjoy the ride.”

Links Mentioned in Today’s Episode:

Francis Simms on LinkedIn

North Coast Asset Management

Click to Find out more about our upcoming event: "Crafting Your Kingdom Investing Thesis" 

About Francis Simms

Francis Simms, MBA, AAMS®, is a Senior Vice President with NorthCoast Asset Management covering the state of Florida. Francis’ expertise focuses on building meaningful relationships and partnering with clients to develop specialized solutions around retirement planning, income generation, and risk management. He has over a decade of financial consulting experience that extends across multiple asset classes. Francis is a native Floridian and started his career by serving over five years in the US Air Force, where he administered the anti-terrorism program in combat zones. Over the next 11 years, Francis served as Vice President and Senior Financial Consultant at Charles Schwab helping clients reach their financial goals. His financial planning acumen combined with staunch conviction in client service has led him to be the trusted advisor for many families.