Suddenly its gone

Hosted by: Laura Hawley Special guest: Phillip Buchanon

June 29, 2016

Host
Laura Hawley – CFP®, President at Allen & Company

Co-Host:
Kyle Cobia – AIF®, Financial Advisor at Allen & Company

Guest:
Phillip Buchanon – Former American Football Player, Author, Entrepreneur

Today’s show will discuss the sudden effects of a financial disaster, planning in advance financially prior to life changing events, the financial aspects of a divorce, the sudden loss of a loved one, and a conversation with a former NFL player on his financial experiences.

In this episode we cover:

How to rebound after a Financial disaster (4:05)
Suddenly broke (5:03)
Financial steps and who to turn to during a Divorce; identify and forming your own professional team (9:39)
Helpful reminders for dealing with some of the financial aspects of a Divorce and Financial Considerations (11:45)
Credit Score and how it is affected during a Divorce (12:35)
Sudden loss of a loved one and how it can distress you financially (16:58)
The role Life Insurance plays in your financial future (15:30) (17:15)
Guest Phillip Buchanon, Former American football player, author, and entrepreneur (19:13)
How to pick the right Financial Advisor (23:15)

Links From the Show:

Books Mentioned in this Show:

New Money, Staying Rich by Phillip Buchanon — Read More
Sudden Money: Managing a Financial Windfall by Susan Bradley — Read More

Tweetable Topics:

70% of people that win a lottery are broke after 2 years. – Laura Hawley, CFP®, Senior Vice President at Allen & Company.

45% of 25 yr olds carry student debt, and the median net worth of those 35 and younger is that of one month’s expenses; one paycheck away from being bankrupt. – Laura Hawley, CFP®, Senior Vice President at Allen & Company.

When I got into the NFL I was all dollars and no sense, something had to change. – Phillip Buchanon, Former NFL player.