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In this episode, I sit down with Jesse Hurst, CFP and CEO of Impel Wealth Management, to challenge one of the biggest misconceptions in personal finance: that all spending is bad. With over 30 years of experience helping clients navigate retirement, Jesse shares how financial planning isn't about restriction, it's about freedom. We explore the psychology behind the transition from saving to spending, why successful savers often struggle to enjoy their wealth in retirement, and how to develop a healthy relationship with money at every life stage. Whether you're a young adult just starting out or approaching retirement with millions saved, this conversation will help you find the balance between enjoying life today and securing your financial future.

💰 This Week’s Money Talking Points

  1. Is all spending bad?
  2. How can we develop a healthy relationship with spending?
  3. How can we find the balance in spending to enjoy life vs saving for the future?

🕰️ Key Timestamps

[00:02:14] Financial Planning is Freeing, Not Restrictive

[00:04:00] The Accumulation vs Distribution Challenge

[00:06:00] Understanding the 4% Withdrawal Rule

[00:09:14] Barriers to Retirement Transitions

[00:21:50] Annual Goal-Setting Exercise

[00:27:57] Pop Culture and Financial Literacy

🔗 Resources & Links

Connect with Jesse Hurst:

Website: impelwealth.com

Book: Popenomics - https://amzn.to/3JijUWC

Skyler's New Podcast:

Check out Financial Planning for Young Adults - deep dives into financial planning topics specifically for the next generation!

Support the show

Check out Financial Planning for Young Adults on Spotify

Schedule a free Money Talk at https://moneytalk.show/chat

Get your free Money Talk resources at https://moneytalk.show/resources

Find even more Money Talk at moneytalk.show/quick-links

"Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/

Want to be a guest on Money Talk? Send Skyler Fleming a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1636686037273x290834786321762400

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