On today’s eye opening podcast, Michelle hosts Mike Milligan, the Founder of 1.oak Financial, a virtual financial planning firm that prioritizes each client’s individuality. He built the firm to combat the “Paralysis Penalty,” a pattern of one-size-fits-all financial advice that leaves people unprepared for Wall Street, insurance, and markets. Mike brings 30 years of experience, a specialized industry degree, and insights from big banks and insurance firms to deliver personalized strategies that protect and grow wealth. He's a Certified Financial Planner, current adjunct professor at Old Dominion University, host of the ‘Ideas by Mike” podcast and “The One of a Kind Financial Show,” and author of two books: The “One of a Kind Financial Plan” and “Retirement Déjà Vu.”Mike discussed the importance of fostering a healthy relationship with money, emphasizing that many individuals feel unprepared or intimidated by financial planning. They illustrated how common beliefs about money can hinder financial success. The conversation also touched on the need for open discussions about finances, particularly among women, who often engage less in these conversations compared to men.They agreed that financial advisors should focus on facilitating dialogue rather than merely providing recommendations. This discussion aims to empower individuals to take control of their financial futures, essential for overcoming obstacles and achieving financial independence.00:05 - Building a healthy money mindset 19:13 - Recognizing financial patterns24:60 - Foundations of wealth creation36:34 - The power of money conversations Key Takeaways:Emotional Underpinnings: Recognizing that financial decisions are often driven by underlying beliefs and emotions rather than just numbers.Breaking the Cycle: Strategies to overcome the "Deja Vu" feeling of repeating past financial mistakes.Engagement is Key: The importance of having open discussions about money to foster understanding and growth with advisors.Personalized Financial Planning: The need for tailored financial strategies that align with individual goals and lifestyles.For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast: Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle on LinkedInInstagram: @livealimitfreelifeYouTube: Michelle Perkins – Limit Free Life