“How to Be Your Own Wealth Planner,” is my new four-part mini-series on helping you to become your own wealth planner. As an independent financial advisor with 23 years of experience in financial services, I am sharing my top insights on creating your personalized wealth plan.
I believe that everyone can create their wealth plans at a basic level and it can make a huge positive difference. With this first episode, I will help you to identify your desired financial future and then determine the goals you want to create to work towards this.
The first thing we need to consider and decide on when we are setting our money goals, is a timeframe, such as short-term, medium-term or long-term. Once you have done this, I would suggest you stick to and focus on only one time frame and I show you an example of how you can do this just head over to my YouTube channel to watch it if you are tuning in on the podcast. The link is below.
I also introduce the concept of a “bankometer,” which is a visual tool to track progress towards each goal and it can be found in my wealth planner if you have a copy of this. If you don’t, you can create a page with three columns to record the goals and track financial milestones.
This tool will help you observe how you are saving, clearing debt, and making progress over time. By visually breaking down the goals into clear objectives, the bankometer can provide you with a sense of direction and motivation.
In the next session, I will delve into how to plan and make those money goals happen. So stay tuned for part two out next week.