Let’s Celebrate Carol & Her Legacy
View all main articlesWith great honor and mountains of respect, we share the exciting news that Carol Anderson, Money Quotient’s founder, will be retiring at the end of June 2024.
Carol’s life work, which has spanned over three decades, was sparked in the late 80s by her discovery of research indicating the vast ineffectiveness of financial literacy programs in positively impacting individuals' financial behaviors and well-being.
Starting with her master’s thesis project in 1991, Carol has broken ground in the financial industry by studying both the emotional and practical factors involved in individuals' relationships with money and decision-making behaviors. After receiving her master's degree, she continued to pursue her curiosity and newfound love for research, establishing Carol A Anderson Research. As an independent researcher and writer, she partnered with various for-profit and non-profit organizations to conduct studies and develop educational programs and workshops designed to deeply engage its students and build motivation to make lasting positive change in their financial lives.
With a growing library of resources she had developed, Carol founded Money Quotient in 2001 and soon after began teaching financial professionals how to understand their clients and their financial well-being through a multidisciplinary lens.
In an effort to continue her research, she established a non-profit 501(c)3 in 2003 and began developing relationships with universities across the country. Two notable studies she led have made a profound impact on the financial industry and are regularly referenced are “Communication Issues in Life Planning: Defining Key Factors in Developing Successful Planner-Client Relationships,” published in 2007, and “Developing and Maintaining Client Relationships in a Rapidly Changing Environment” published in 2021.
If you’ve personally experienced the power of the True Wealth Planning model and the Money Quotient tools Carol has developed or have witnessed its impact on your clients' lives, then you’re lucky to be part of a community that understands the importance of Carol’s work in the evolution of financial planning, coaching, counseling, and education.
We hope you’ll come celebrate Carol’s retirement and the legacy of her life’s work with us at our MQ Gathering and Celebration Dinner near Nashville, TN from October 28-30, 2024.
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View allCreating an Effective Goal Setting Process
Goal setting is more than just listing aspirations. It’s about navigating the journey to your clients’ ideal lives, a process that evolves with time and experience. Let’s explore how advisors can empower their clients through this transformative process.
- Time for Reflection: Allowing clients the space to reflect on their vision fosters new insights and opportunities. It’s a crucial step in letting their reticular activating system identify opportunities they hadn’t thought of before.
- Broadening Perspectives: Incorporating diverse perspectives enriches the goal-setting process. Clients gain fresh insights by hearing others’ stories and experiences, expanding their horizons and sparking new possibilities.
- Concrete goals: A clear vision of an ideal life can be enough, but translating visions into tangible goals does mark a significant milestone. Advisors reassure clients that goal setting is an ongoing journey, evolving alongside life’s twists and turns.
- 3-year Vision & Goal Reset: Regularly revisiting goals every three years ensures alignment with evolving priorities. Life experiences often prompt shifts in perspective, making this reset invaluable in keeping goals relevant and meaningful
All MQ Partners who want to dive deeper can watch our Creating an Effective Goal Setting Process webinar.
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View all MQ fundamentalsFundamentals of True Wealth™ Planning – Corning, NY
Join us for an in-person, 3-day Fundamentals of True Wealth™ Planning training event in Corning, NY! Seating is limited to 18 participants – register now to reserve your seat!
REGISTRATION FOR THIS COURSE IS NOW CLOSED.
Register now for a course in June (virtual), September (Portland, OR), or October (virtual)!
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View all eventsUsing the Progress Principle to Better Serve Your Clients
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In work environments, what sets the best managers above the rest? How can financial advisors apply these concepts about making progress, providing catalysts for progress, and nourishing progress to help clients in their financial lives? Join Thom Allison, CFP® as he discusses The Progress Principle to explain the emotions involved, and how to keep clients positively motivated.
1.0 CFP CE accepted by the CFP Board.
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