GRFTFS at the Movies – Moana

Financial Lessons From Moana

Originally aired 8/12/2021


What can we say except “You’re Welcome?” Our GRFTFS at the Movies series continues with this episode of the Get Ready For The Future Show! We’re sailing away to the line where the sky meets the sea!

You’ll learn:
– Financial lessons from Moana
– How to hula dance (not really, but how fun would that be?)

Downloadable Content:

10 Ways to Shift Your Perspective of Financial Planning


15 Minute Retirement Checkup



One Day I’ll Know How Far I’ll Go

  • The line where the sky meets the sea is calling us, and so is financial independence! On this episode of GRFTFS at the movies, we’re sailing off with financial tips from Moana.
  • #1 – Greed and financial independence don’t mix
    • Tefiti’s heart could create life itself, and she shared it with the world.
      • In time, some began to seek Tefiti’s heart – they believed if they could possess it, the great power of creation would be theirs. So Maui went to steal it away.
      • Without her heart, Tefiti began to crumble, giving birth to a terrible darkness.
      • Maui’s magical fish hook and the heart were lost.
    • Often greed prevents us from the very thing we want.
      • Maui lost his own magic trying to steal Tefiti’s.
      • He hurt the people he was trying to impress.
    • When it comes to your money, greed can cause you to make some risky decisions.
      • Having a generous spirit, and giving back to the world, can pay dividends.
        • Investing in people, and in projects that have real potential, will reap rewards.
        • On the other hand, hoarding your possessions, never giving to charity, and stockpiling wealth is not a positive way to manage money.
          • Being generous, and doing good, can build much greater wealth both monetarily and otherwise.
        • Greed often leads people into get-rich-quick schemes, where they could lose most or all of their money.
    • “You can find happiness right where you are.”
      • Greed also often leads to overspending
      • “I see it, I like it, I want it, I got it.” (-Ariana Grande)
      • Whether you’re overspending for selfish reasons or to “keep up with the joneses” and impress people, it’s not a good path to financial independence.
    • Playing the long game gets you further in the end.
  • #2 – Other people’s expectations shouldn’t dictate your future
    • This is true whether people are expecting you to pursue a certain career path or they’re expecting you to fail
    • Connect to your purpose
      • When you have a deep understanding of your why, you’re much more likely to stay the course toward your goal of financial independence.
    • Your past doesn’t dictate your future
      • Most of the people we work with hail from humble beginnings. Some weren’t even that lucky.
      • Where you come from is an unchangeable fact, but it does not and should not dictate where you’re headed—or what you’re capable of. We should know. We’ve been there ourselves.
      • How you feel about your past, or even your present, shouldn’t get in the way of planning for your future. You simply can’t afford to let that happen.
      • You don’t need special connections, insider knowledge, or a particular pedigree to get the support you need. All you need to do is call.
    • Feeling secure about your future starts with how you see your future.
      • 10 ways to shift your perspective of financial planning with our free download – What’s the Plan? A Manifesto for Your Life, Your Worth, and What Happens Next
      • Click here to get your free copy.

Shark Head?

  • #3 – Fear keeps you stuck
    • Sometimes you’ve got to go “beyond the reef” to find what you need.
    • Your comfort zone is not doing you any favors
      • Don’t stay stuck living paycheck to paycheck
      • Just because it’s what you’ve always done doesn’t mean it’s how it always should be
    • “There’s more beyond the reef.”
  • You’ll face some bumps in the road
    • Learning how to sail
      • You may “fail” a few times before you find what’s right for you.
        • If you learn from it and adjust, it’s not really “failing.”
      • Moneyworks – the ease of technology with the power of an advisor
        • Accountability, guidance, and education.
          • You deserve a more personal approach to finances than a roboadvisor can provide.
        • We developed this program specifically to help you get started, find what works for your specific needs, and make adjustments along the way.
      • One of the biggest things Moana got right throughout the movie is a relentless pursuit of her purpose.
        • She was determined, so she learned how to sail from Maui.
        • She was determined, so she didn’t take “no” for an answer when Maui wanted to leave her behind.
    • Kakamora (coconut pirates)
      • There will be times it seems the market is coming to get you (like the coconut pirates in the movie).
      • Moana didn’t allow the pirates to steal the heart, and you shouldn’t allow market conditions to steal your progress.
        • If you sell your investments in fear during a downturn, you will miss the gains from the subsequent upturn.
      • Market volatility is normal.
      • How you should respond to it depends on where you are in relation to retirement.
        • If you’re an accumulator: Cow Story 
        • If you’re nearing or in retirement: Buckets
    • Shark head (Maui not being able to shapeshift)
      • Sometimes unforeseen circumstances can distract you on your journey to financial independence.

Ever Defeat a Lava Monster?

  • #4 – Don’t be Afraid of the Realm of (Retirement) Monsters
    • In order to retrieve Maui’s magic fish hook to restore the heart, Maui and Moana have to delve into the realm of monsters.
  • Retirement can be its own “realm of monsters.”
  • There are multiple fear factors when it comes to retirement:
    • Investment allocation
      • The question about knowing which investments to use starts well before retirement. With most people, it starts when they first start investing in their company retirement plan. Regardless of when it starts for you, we believe that the answer is education.
        • Large-cap
        • Mid-cap
        • Small-cap
        • Growth
        • Value
        • Bonds
        • International
        • Alternative investments
      • There may be a time and place for each of these in your investment lifetime, but how do you know what to use when? We believe that it’s important to work with an advisor over the course of your investment lifetime so that they can help guide you with your allocations.
      • Frankly, you may have looked at the list and thought to yourself that you don’t even know what they all mean. That’s okay! Most people don’t know. Again, education is the antidote to fear. That’s why Dave Ramsey encourages people to work with an advisor with the heart of a teacher. It’s all about education.
    • Balances
      • When is enough really enough?
        • The key here is to understand that it’s not really about how much money you have in a lump sum. It’s about whether your income needs are met or not.
        • As an example, if you and your spouse have no debt, two Social Security checks, and two good pensions, it is highly likely that you don’t need a lot in terms of a lump sum to be invested for retirement.
        • However, if you are lacking in terms of pension and/or Social Security income, you will need assets to create an income stream for you.
      • The short explanation is that it’s not about the balance that you have. It’s about your income. The question is two-fold:
        • Do you know how much income you need after taxes in retirement?
        • Do you know if you have that income need covered?
      • Again, we believe that education is the answer. Work with an advisor who can help you determine if your income needs are going to be met and, beyond that, how you can meet them.
      • This will link back to how to allocate your investments during retirement; allocation is a critical portion of retirement income planning.
    • Longevity
      • One of the greatest fears that people have about retirement is outliving their money.
      • There are lots of points to understand and consider here, and it truly is a danger for which you need to be prepared.
        • Do you know when the next bear market will be, how bad it will be, how long it will last, or how it will impact your retirement?
        • How can you be prepared to make your money last, regardless of what the market gives you?
      • Depending on your circumstances, your advisor will work with you to help you determine if you need guaranteed income for life.
      • However, even if you don’t need a guaranteed income stream, you will want to invest in such a way that you have a high probability of not outliving your money.
        • This ties in strongly with the balance that you actually need to have for retirement and the investment allocation.
        • They are both critical elements to understand in your retirement planning.
  • What is your probability of a successful retirement?
    • Find out for FREE here!

The Bigger Picture

  • #5 – You need a mentor who is knowledgeable.
    • Moana’s grandmother knew all along that it would take someone going beyond the reef and breaking the norms of their life to restore the heart and save their people.
    • Moana’s father on the other hand didn’t understand the risk of going beyond the reef was far less than the risk of staying where they were.
  • You need a plan that’s built specifically for
    • Moneyworks
      • For those starting out
      • Ease of technology with the power of an advisor
      • Helps address:
        • Life insurance
        • Debt
        • Saving and investing
    • Moneyguide
      • For those balancing life and money
      • Takes your goals into consideration, both before and during retirement, and gauges how likely you are to reach them.
      • It helps address common fears and concerns such as:
        • Healthcare costs
        • Outliving your money
        • The best time to file for Social Security benefits
    • Ready to Retire
      • 7 key areas:
        • Investment strategy
        • Social Security Maximization
        • Creating guaranteed income to meet your basic needs
        • Protect against inflation and providing for lifestyle income
        • Address long-term care needs
        • Reducing taxes during retirement
        • All documented in a written plan (on paper, on purpose)


    • Financial lessons from Moana:
      • Greed and financial independence don’t mix
      • Other people’s expectations shouldn’t dictate your future
      • Fear keeps you stuck
      • Don’t be afraid of the realm of (retirement) monsters
    • Financial independence doesn’t just help you
      • Moana’s pursuit of her purpose didn’t just help her:
        • She helped Maui discover confidence in himself
        • She helped save her people from destruction
      • Help yourself so you can help others
    • Feeling secure about your future starts with how you see your future.
      • 10 ways to shift your perspective of financial planning with our free download – What’s the Plan? A Manifesto for Your Life, Your Worth, and What Happens Next
      • Click here to get your free copy.