WealthSmarts

Richard and Matt tackle the third question of the Wealth Builder Scorecard: 'Do you have short and long-term cash flow projections that you can understand?'. They discuss the crucial role of cash flow in achieving financial goals and the necessity of having a clear picture of both current and future cash flows. They outline different levels of awareness regarding cash flow management—from having no idea to having a detailed projection and understanding its impact on long-term financial sustainability. The hosts also highlight tools and resources available on their website, including a cash flow spreadsheet and video tutorial, to help viewers gain better control over their finances.

TAKE YOUR WEALTH BUILDER SCORECARD: wealthsmart.ca

In part 2 of the Wealth Builder Scorecard Series, Matt & Richard delve into the critical question from the Wealth Builder scorecard: 'Are you making regular progress towards your goals?' Richard discusses the importance of setting goals, taking regular action, and learning from both successes and setbacks. He highlights the valuable practice of after-action reviews used by the U.S. military, emphasizing their applicability to personal and corporate goal-setting. Richard also explores the challenges faced by the younger generation, particularly in real estate, and stresses the need to leverage modern tools and resources. The episode underscores the need for continual check-ins, the use of dashboards, and the significance of recognizing both 'the gap' and 'the gain' in one's progress. Listeners are encouraged to take the Wealth Builder score to assess their progress and stay motivated on their financial journey.

TAKE YOUR WEALTH BUILDER SCORECARD: wealthsmart.ca

In part two of the Wealth Builder Scorecard series, Richard and Matt delve into the importance and framework of SMART goals. They discuss the five critical components: Specific, Measurable, Actionable, Relevant, and Time-bound goals.The dialogue highlights the significance of having concrete goals to avoid aimless progress, the power of writing down goals for a 42% higher achievement rate, and practical steps to install systems that ensure financial goals are met. Insights into avoiding post-retirement decline through proactive planning and a continuous evolution of goals underscore the need for a dynamic approach to financial planning. Emphasizing commitment, courage, and capabilities as pathways to confidence in wealth building, the episode encourages listeners to assess their current progress with the Wealth Builder Scorecard available on their website.

To download your FREE Cash Flow Spreadsheet, check out our resources page: https://wealthsmart.ca/cfpic-resources/

TAKE YOUR WEALTH BUILDER SCORECARD: wealthsmart.ca

Today, Richard & Matt from WealthSmart have something very exciting to introduce to you... The Wealth Builder Scorecard! This episode peels back the curtain on society's fascination with measurements and rankings, from the whimsical (which Disney princess are you?) to the practical (what's your fitness score?), setting the stage for a deeper exploration into personal growth and financial success. Discover the origins of the Wealth Builder Scorecard, inspired by renowned entrepreneur Dan Sullivan's Scorecard Mindset from Strategic Coach, and learn about the journey from a failure mindset to the pinnacle of transformative success. We break down the scorecard's four key stages, offering listeners insights on how to climb the ladder of wealth building by shifting from external to internal metrics of success. The conversation also highlights the pivotal strategic coach concept of the abundance vs. scarcity mindset and uncovers the four freedoms crucial for true wealth builders: time, relationships, purpose, and financial independence. This episode is not just a talk; it's a call to action to assess and elevate your wealth-building journey. Take the Wealth Builder Scorecard challenge on our website, benchmark your progress, and step into the mindset of abundance that defines the most successful wealth builders. Tune in, transform your approach to wealth, and redefine your personal success story.

Richard and Matthew Vetter are Certified Independent Financial Planners in Vancouver, BC.

The WealthSmarts Podcast is Back! With the first episode of 2024, Richard & Matt announce their return in 2024 after a significant break. They describe several steps taken in the previous year for the firm to better assist clients in planning, building, and securing wealth. Key changes include new systems, hiring an associate advisor, and acquiring another advisory business. The aim for the revamped podcast is to deliver value and share financial education with clients and 'wealth builders.' Future content will also be influenced by audience feedback and periodically condensed in a relaunched WealthSmarts newsletter. Richard & Matt then provide a brief roadmap of topics for coming episodes, including goal setting, tax planning, retirement planning, debt management, etc.

In this week's episode of the WealthSmarts podcast we celebrate the contribution of businesses and non-profit organizations to our community in Richmond. In particular, we discuss how such organizations generate massive value in our society and too often fly under our radar.  

We will also be talking about the Richmond Chamber of Commerce Business Excellence Awards which has recognized the best of Richmond’s business community since 1977. Joining us is Shaena Furlong, President and CEO of The Richmond Chamber of Commerce who will share her insights on the many different ways that businesses and non-profits shine.

To nominate a business or non-profit organization that you feel deserves to be recognized, click here: https://www.richmondchamber.ca/business-excellence-awards/

Are you a wealth builder looking to get control of your personal finances? 

Join Richard and Matt in their new series focused on the challenges that wealth builders face today in building a comprehensive financial plan. Each episode of this series will go in-depth into each stage of a comprehensive financial plan for a wealth builder. We will cover financial management, tax planning, estate and legal planning, risk management, retirement planning and investment planning. No matter where you are an established or aspiring wealth builder, this series is the perfect starting place. 

Stay tuned for the Wealth Builder Series on the WealthSmarts podcast

Do you know the amount that you are paying for the financial advice you are receiving?

This can be challenging to determine if you are getting value out of the investment fees that you are paying - especially when you don't know how much you are paying or what value you should be receiving.

In this episode of the WealthSmarts Podcast, Richard and Matt go through their Value Fee Audit conversation to help Canadians understand the investment fees that they are paying, what should be included in a comprehensive financial plan, and how to calculate how much they are paying on a yearly basis.

Listen to this episode of the WealthSmarts Podcast wherever you find your podcasts!

So many people create a financial plan only to let it sit on the shelf and never make any progress toward the financial goals that matter to them.

This is frustrating because it may feel like all your hard work has gone to waste. You've done nothing to move closer to achieving your financial goals, leaving you in the same place as before. It's not your fault though, many financial plans can be overly complex and overwhelming.

In this episode of the WealthSmarts Podcast, Richard and Matt dive deeper into the things that prevent many Canadians from making their financial plan useful. They discuss using your financial plan to take actionable steps towards achieving your financial goals. Some of the topics discussed include; avoiding the overwhelm of financial plans, making sure your financial plan actually helps you achieve the goals that matter to you, when to update your financial plan and many others.

Listen to this episode of the WealthSmarts Podcast wherever you find your podcasts!