About Justin Chidester, CFP®, AFC®
Hi, I’m Justin! I’m the owner of Wealth Mode Financial Planning. I help people who are like me: those who want to raise a family without sacrificing their bucket list items. I empower my clients to align their money with their personal values, invest right, and use their wealth for good. I call that “living in Wealth Mode,” which sounds a lot cooler than “making good financial decisions.”
As an Accredited Financial Counselor (AFC®), I have deep experience helping people understand their own relationship with money and master the basics, if necessary. Then I use my knowledge as a trained Certified Financial Planner™ (CFP®) to create your financial plan and utilize the investment and tax strategies that will keep more money in your pocket and build your wealth efficiently. And I believe in providing that service in a transparent, affordable way that has not been available to young families in the past.
My clients tend to be smart, hard-working, middle-class people who are pretty savvy with their finances before they get to me. But they recognize that knowledge alone doesn’t translate automatically to behavior or success, and that it takes a lot of time to be your own advisor as your life becomes more complex.
So if you feel like you know what you should be doing with your money, but to some extent it’s not happening or is causing you too much time and stress, let’s work together – I work with people both locally and virtually across the country!
Away from my desk, you’ll often find me jamming around on my guitar or piano or enjoying some classic rock while I do a jigsaw puzzle. I’m hooked on live music and frequently attend concerts and musicals with my wife and best friend, AnnAlyse. I’m a soccer enthusiast and avid supporter of my local club, Real Salt Lake (you can actually schedule a time to go to a game with me on my website).
Just like the Final Four of NCAA college basketball, thousands of financial advisors were asked to fill out a bracket to come up with a "Financial Four" of the most important principles of personal finance. What was the champion principle, and what is so important about it?
Pick up almost any mainstream book or listen to any talking head in the personal finance space and you'll hear "pay off your mortgage early." So if you have extra money each month, should you pay extra toward your mortgage? The "right" answer may surprise you.
One of the hardest things about being a young investor is that we haven't experienced what it's like to endure a market crash - we can be naive about the big investing mistakes humans are prone to. Here's a simple exercise to help gauge your risk tolerance and what it's like to feel emotions of a portfolio drawdown.
- Cash Flow/Budgeting
- Dual Income Family
- Gen Y/Millennials
- Student Loan Debt
Ways Advisor Charges
- Monthly Fee
- Flat Fee
- Assets Under Management
- Monthly Fee: $70+/mo + $449+ Upfront
- Hourly Fee: $125/hr
- Flat Fees: $150+
- AUM: 0.10%