Shownotes
In episode two, Mark walked you through how to get started on your own financial plan using a discovery planning tool to clarify your goals and priorities. This forms the start of the 3-D financial planning process created for clients at Living Richer Wealth Management.
The 3-D Process stands for;
- Discover
- Design
- Deploy
The discovery stage can’t just be about goals and dreams. It has to incorporate a strategy to achieve them. That’s where the money part of the discovery process comes in – and that’s what we’ll cover today.
In this episode, you’ll learn how to marry your goals, hopes and dreams with your current and expected financial situation to create a roadmap for the future. Mark covers things like:
- How to accurately evaluate your current financial situation
- Understanding assets and liabilities
- Calculating your net worth
- Creating a personal income statement
- How needs and wants fit into your plan
- Filling in the financial gaps
Resources:
- Build your financial plan LINK
