A good financial plan is the heart of a lifetime strategy for financial security and financial independence. I always encourage people to start with a plan, because if you do not know where you are going, it is highly unlikely you will achieve financial independence.
There are four main stages in the financial planning process:
1. Determining where you are at now.
2. Determine your short and long term personal and financial goals.
3. Establishing a cash flow margin, which is used to accomplish the long term goals.
4. Reviewing and revising the plan on a regular (at least annual) basis.
There are only so many things you can do with your money:
Short Term:
1. Pay your taxes.
2. Pay for your living and lifestyle expenses.
3. Pay your debts.
4. Give away money.
Long Term (requires free cash flow after covering all of the short term goals):
1. Financial independence.
2. Eliminating debt.
3. Lifestyle.
4. Charitable giving.
5. Family needs (for instance, providing for special needs, as in our family).
6. Funding college.
7. Starting a business.
I also have the training, knowledge, and experience to incorporate Biblical principals into my client's financial plans. I am a
Qualified Kingdom Advisor™, which requires a rigorous training course and extensive qualifications. The planning process shown above is taught in this training. While not everyone may want to incorporate these principals into their plans, most of them are highly desirable regardless, and effective for achieving your goals. See the page on
Biblical Principles for more information.
Financial planning is generally done for a set rate once the complexity and scope of the planning project is known. Initial consultations with new clients are complementary, and an advisory agreement, including the fee, will be set following this meeting. Annual reviews are done at a reduced rate, and questions in between planning reviews are welcomed and strongly encouraged.
See the
ADV Part II for details on fees and how I operate.
