Mindful Financial Planning
Over three 1.5-hour phone calls, we will unearth your personal financial goals and work through the essential areas needed to build a solid financial plan.
This offering is included at no charge for our wealth management clients or as a stand-alone offering for non-clients.
We will cover eight essential areas for a successful financial plan:
- 1. Identify your financial goals
- 2. Explore your emotions around your finances
- 3. Identify your net worth - assets and liabilities
- 4. Identify your budget
- 5. Review retirement needs and general planning
- 6. Review your insurance needs including health insurance, life insurance, and long-term care insurance
- 7. Create your personal investment portfolio, including risk-assessment, a basic investment strategy and a plan for implementation
- 8. Speak about the importance of a will
The three calls generally follow this framework:
1. First Call
2. Second Call
3. Third Call
Call 1
- Review your financial goals
- Review your “emotional balance sheet”
- Gain clarity around the “numbers”, look at your assets and liabilities, budget, how you work with your finances and general financial flow
Call 2
- Create a plan for savings, budget changes, and debt reduction that is in line with your financial goals
- Discuss current investment allocations and potential changes
- Review current insurance coverages and confirm their adequacy
Call 3
- Safe experimentation. We will explore how best to implement the plan in a way that is doable and then evaluate progress
- Mindful Finance "life hacks" to keep you on track
What you leave with:
- Clarity around your financial goals
- Clarity around your assets and monthly budget
- A clear set of simple steps towards accomplishing your financial goals
