143: Kris De La Pena of Ameriprise Financial discusses the importance of financial planning with us.

Kris De La PenaKris De La Pena is a Platinum Financial Advisor and Board Certified Financial Planner with Ameriprise. Kris is not only one of the most credentialed advisors in the Orange County and Los Angeles areas, he is also one of the most highly regarded.

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Fail fast to succeed faster

  • Kris referenced Thomas Edison and his quote “I have not failed. I’ve just found 10000 ways that won’t work.”    
  • He’s tried many avenues for marketing, for instance, and some work and some didn’t – but he learned from all of them.
  • The key to any failure is to learn from it and do better next time.

Tell us something good

  • Kris developed a relationship with a high-net worth individual who thought he didn’t need any help.  Kris showed him strategies that would reduce his yearly taxes by about $200k.  Kris, as a well-versed financial planner, had the resources and knowledge that served his client.  He acts as this client’s, and other client’s, personal CFO.

How do you support a Lawpreneur?

  • Kris says that sole practitioners/entrepreneurs/business owner have many retirement options available to them.
  • What should a Lawpreneur look for in a Financial Advisor?
    • The designations after the financial advisor’s names are relevant and important.
    • Look for the ways the advisor’s differentiate themselves with their education.
  • Kris evaluates the investments his clients are holding and watches for great opportunities.

Favorite Resource

  • Audible
  • Podcasts (especially Lawpreneur Radio : ))
  • FlipBoard

Favorite Books:

Thanks for Listening

This information is coming to you to inspire you and drive you forward. Be bigger than you know yourself to be! If you haven’t already done so, please take a minute to leave a quick 5-star review rating and honest review on iTunes by clicking here. Miranda McCroskey – host of Lawpreneur Radio

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