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Home » Why Most People Fail At Financial Planning! It’s Not What You Think! – Mo Hasan (Transcript)

Why Most People Fail At Financial Planning! It’s Not What You Think! – Mo Hasan (Transcript)

Here is the full transcript of social entrepreneur Mo Hasan’s talk titled “Why Most People Fail At Financial Planning! It’s Not What You Think!” at TEDxAshburnSalon 2017 conference.

Listen to the audio version here:

TRANSCRIPT:

Hi, I’m Mo Hasan and I have the privilege of tonight having the opportunity to teach you about what has people stopped in their life and what has them not achieved the financial success that they want in their life. Just a quick show of hands, have you taken any steps in your life to forward your financial plan? Either starting a budget, saving money in an IRA, a 401k, a work plan? Sure, most of us have taken some sort of step.

Now the next question for you, you don’t have to raise your hand for, are you financially secure right now? Are you wealthy? And in this time if the answer is yes, fantastic, congratulations and well done. And if the answer is no, you have a lot of company, not just in this room, but you have company all over the United States and all over the world.

The Financial Problem

So what’s happening in the world? Why is it that we have perfectly intelligent, hardworking people unable to achieve the retirement that they want and the financial goals that they want? Well, I’d like you to consider that maybe we’re trying to solve a problem in a way that doesn’t really make sense. Maybe we don’t even understand what the problem is.

Well, let’s take a look at what’s actually happening out there, what’s happening in the marketplace with the young people that are still in college right now. According to Sallie Mae, half of them are going to have $5,000 of just credit card debt before they graduate from college. And a third of them have well over $10,000 of credit card debt. That’s not including car loans, student loans, or anything else of that sort.

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