Why the father of 'life planning' says you're managing money the wrong way

Published On Sep 8, 2024, 9:30 AM

George Kinder, founder of the Kinder Institute of Life Planning, emphasizes that personal finance should focus on achieving freedom rather than just accumulating wealth. In his new book, "The Three Domains of Freedom," Kinder offers insights on life planning and how financial decisions should be aligned with personal dreams of freedom. He advocates for identifying clear life goals through three revealing questions, which help clients prioritize their aspirations over mere financial tasks. Kinder argues that everyone, regardless of wealth, has the potential to pursue their freedom and that life planning should emphasize actionable steps towards achieving these goals rather than waiting for retirement.