In this insightful episode, Dr. Sharon Spano sits down with Kay Pfleghardt, a young but remarkably accomplished Certified Financial Planner. Kay shares her personal journey into the world of financial planning, one that was shaped by early financial hardship, emotional insight, and a deep desire to help others think differently about wealth. From her pivot from psychology to finance, to her current passion for fostering intergenerational conversations about money, Kay offers wisdom on how understanding human behavior can enhance financial planning.
What You’ll Learn in This Episode:
- How Kay’s early experiences with financial uncertainty sparked her passion for planning.
- The powerful influence of family legacy and communication on financial well-being.
- Why Kay switched from psychology to accounting—and ultimately found her calling in financial planning.
- What “lifeboat drills” are and how they help families prepare for life’s unexpected events.
- The emotional impact of money and how it shapes our behaviors and values.
- How financial advisors can and should incorporate empathy and communication in their services.
- The importance of intergenerational dialogue when it comes to estate planning and wealth transfer.
- How millennials approach financial planning differently—and what advisors need to know.
- Kay’s philosophy on cryptocurrency and how to think about it responsibly.
- Tips for starting financial planning early, even if you think you “don’t have enough.”
Transcript: Here
Connect with Kay Pfleghardt:
LinkedIn: https://www.linkedin.com/in/kay-pfleghardt/
Twitter: https://twitter.com/kpfleghardt
Sharon Spano:
Website: sharonspano.com
Facebook: facebook.com/SharonSpanoPHD
Instagram: instagram.com/drsharonspano/
LinkedIn: linkedin.com/in/sharonspano/
Book: thetimemoneybook.com
Contact: sharon@sharonspano.com
Substack: substack.com/@drsharon
The Other Side of Potential Podcast: sharonspano.com/podcast/
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