On this episode of The Get Ready Money Podcast, I spoke with Derek Hagen, author and Director of Education and Communication at Money Quotient, about the connection between life, psychology, and financial planning. Derek breaks down why money alone doesn't create fulfillment—and how aligning your financial strategy with purpose, values, and clear goals creates real impact.
Key Takeaways:
🔹 Listening goes deeper than just hearing.
🔹 Life planning enhances financial planning.
🔹 Psychology is the key that unlocks the door to the tactics and the strategies.
🔹 Attach every recommendation to a goal or value - to a reason specific to the client.
🔹 A meaningful life starts with understanding what’s meaningful to you.
🔹 Get comfortable taking chances and taking risks - no potential reward without risk.
Connect with Derek Hagen:
- LinkedIn (here)
- Life Planning Weekly Newsletter (here)
- Money Quotient website (here)
- Meaningful Money website (here)
Books:
- Money's Purpose in Your Life: Living Intentionally By Understanding Money's Role In Your Life (Amazon)
- Your Money, Your Values, and Your Life: Living Your Life According to What’s Important to You (Amazon)
Resources mentioned:
- Financial Planners Must Understand Human Behavior with Matt Goren on The Get Ready Money Podcast (here)
- Sudden Money: Managing a Financial Windfall by Susan Bradley and Mary Martin (Amazon)
- Ultimate Listening Workshop with Ted Klontz (here)
Bio:
Derek Hagen, CFP®, CFA, FBS®, CFT™ is the Director of Education and Communication and Financial Behavior Specialist at Money Quotient. He teaches financial professionals how to bring science to the art of relationships, combining important elements of behavioral sciences, psychology, neurology, sociology, and effective communication. He has been featured in The Wall Street Journal, Kitces Nerds Eye View, Standard Deviations Podcast, and the Human Side of Money Podcast. Derek earned a Graduate Certificate in financial psychology and behavioral finance from Creighton University and a Bachelor of Arts in economics (summa cum laude) from Minnesota State University Moorhead. He holds several professional designations, including the CERTIFIED FINANCIAL PLANNER™, Chartered Financial Analyst, Certified Financial Behavior Specialist®, and Certified Financial Therapist™ designations.
In his spare time, Derek enjoys playing squash and pickleball, and all things outdoors, especially hiking, camping, and biking. He is based outside of Minneapolis, MN.
The Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Ruthie's Table 4
For more than 30 years The River Cafe in London, has been the home-from-home of artists, architects, designers, actors, collectors, writers, activists, and politicians. Michael Caine, Glenn Close, JJ Abrams, Steve McQueen, Victoria and David Beckham, and Lily Allen, are just some of the people who love to call The River Cafe home. On River Cafe Table 4, Rogers sits down with her customers—who have become friends—to talk about food memories. Table 4 explores how food impacts every aspect of our lives. “Foods is politics, food is cultural, food is how you express love, food is about your heritage, it defines who you and who you want to be,” says Rogers. Each week, Rogers invites her guest to reminisce about family suppers and first dates, what they cook, how they eat when performing, the restaurants they choose, and what food they seek when they need comfort. And to punctuate each episode of Table 4, guests such as Ralph Fiennes, Emily Blunt, and Alfonso Cuarón, read their favourite recipe from one of the best-selling River Cafe cookbooks. Table 4 itself, is situated near The River Cafe’s open kitchen, close to the bright pink wood-fired oven and next to the glossy yellow pass, where Ruthie oversees the restaurant. You are invited to take a seat at this intimate table and join the conversation. For more information, recipes, and ingredients, go to https://shoptherivercafe.co.uk/ Web: https://rivercafe.co.uk/ Instagram: www.instagram.com/therivercafelondon/ Facebook: https://en-gb.facebook.com/therivercafelondon/ For more podcasts from iHeartRadio, visit the iheartradio app, apple podcasts, or wherever you listen to your favorite shows. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.