Meet Wyatt Sten, CFP, Associate Financial Advisor in Allegheny Financial Group's BHKM Group. In this interview, Wyatt shares how he likes to spend time outside of the office, what book he is currently reading, and why he choose financial planning as his profession.
What childhood experiences shaped the person you are today?
Growing up, my family did not live in luxury. However, my parents never struggled to pay bills or put food on the table for my sister and me. They demonstrated good stewardship of what resources they had and that you don’t need to live in excess to be happy.
What book are you currently reading?
The Rational Optimist by Matt Ridley. The synopsis of the book is that, through innovation and trade, humanity has consistently solved problems and improved efficiency throughout history. In doing so, our lifestyles (and lifespans) keep getting better and better.
How do you like to spend time outside of the office?
Keeping up with my fitness is very important to me. After work, you’ll likely find me at the gym either running or lifting weights. Additionally, I’ve taken up an interest in Improv comedy classes, which is a fun way to spend a Tuesday evening.
Fries on your salad or on the side?
On the salad. Where are we ordering from?
Which do you prefer: Pierogis or Primanti’s?
Primanti’s.
Why did you choose financial planning as your profession?
People have many dollar signs in their lives, and it can get overwhelming. There are many questions that don’t have easy answers. I chose the financial planning profession as it allows me to help people make sense of their financial situation and make sure they are heading in the right direction.
What is one piece of financial advice you offer clients?
Building wealth is fairly simple: spend less than what you make. The more you save (and invest) and the less you spend, the quicker you will become financially independent.
What do you think are the most important steps people can take to improve their financial well-being?
Have a good sense of your monthly spending. The best way to start is by putting together a budget and keeping track of all of your expenses for a few months. If you are running a surplus, it could be time to focus on building an emergency reserve or, if that is funded, put money to work in the markets. If you are running a deficit, it could be time to review your expenses and see what can be cut.
Allegheny Financial Group is a Registered Investment Advisor. Securities offered through Allegheny Investments, LTD, a registered Broker/Dealer. Member FINRA/SIPC.
