In this episode of Creating the Vision, I sit down with Richard Woo, founder and wealth advisor at Catalyst Planning Partners, to discuss the intertwining aspects of money, purpose, power, and relationships.
Richard, who oversees over 600 million in client assets, shares his life mission and the impact he aims to make on the world through financial advising. The conversation delves into Richard’s upcoming book, 'The Relationship Recession,' tackling the loneliness epidemic and ways to foster deeper connections. Our discussion further explores the significance of understanding one’s relationship with money, the misleading fears surrounding it, and the importance of aligning money management with personal goals.
Richard shares his personal journey into wealth advising, influenced by a family tragedy, and emphasizes the importance of creating meaningful work that transcends financial gain. He also highlights the power of asking the right questions to unveil one’s relationship with money, stressing the value of experiences over material wealth. The episode also covers intentional living, the societal taboo around discussing finances, and the critical role of relationships in achieving a fulfilling life.
We talk about:
00:00 Intro
02:37 What led him to working with wealth and advising
06:20 Money is neutral
08:03 How would he advise someone who is trying to work on having a relationship with money
11:40 Family dynamics of teaching money
16:13 You don't have to do it alone
17:40 How did the book come together
27:26 The importance of timing
32:58 What is an experience you are working towards having
35:20 His ‘do the dang goal’
Resources:
Connect with Richard
Connect with me
Facebook: https://www.facebook.com/confessionsofacorporatemom
LinkedIn: https://www.linkedin.com/in/maria-maldonado-smith-a506805/
Website: https://mmsconsultingfirm.com/
