Know where you stand
Income, expenses, assets, liabilities and net worth provide the starting picture.
INVESTMENT PLANNING
Investment planning. Start with the goal, not the product.
Investment planning is the process of deciding what your money needs to accomplish, how much may be required and how investments can fit into the wider financial plan.
THE STARTING POINT
Understand first.
Financial planning begins with income, spending, assets, liabilities, investments, insurance and net worth. From there, goals can be defined with amounts, timelines and priorities.
Work with your own numbers
The practical approach is to apply the process to your own financial circumstances rather than relying only on abstract examples.
THE MIDDLE OF THE PROCESS
Connect the pieces.
Risk management, investment planning and asset allocation are considered in relation to goals and time horizon. The aim is to connect decisions rather than treat each product or problem separately.
Decide what the money needs to do
Goals, time horizon, risk and available resources shape the planning decisions.
Work with your own numbers
The practical approach is to apply the process to your own financial circumstances rather than relying only on abstract examples.
THE FINAL STEP
Build and review.
Retirement, tax and estate considerations bring the wider plan together. The resulting plan should lead to actions and be reviewed when circumstances, goals or resources change.
Turn analysis into action
A plan is useful when it guides decisions and can be updated as life changes.
Work with your own numbers
The practical approach is to apply the process to your own financial circumstances rather than relying only on abstract examples.
LEARN THE FULL PROCESS
Understand your money.
Build your financial plan.
Work through the financial planning process in 9 live sessions with your own numbers, goals and circumstances.