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;

1. Discover
2. Design
3. 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