Find out how to capture funds wasted on inefficient interest.
How can you better control your income and debts so that you harness all your available funds? When tackling cash flow planning, first look at which expenses you can actually control and how to do that. Then, your advisor can help you make any needed changes to your debt structure. Once you take those steps, […]
Cash flow planning isn’t about sacrifices and delayed gratification; it’s about living with gusto.
To have a successful cash flow plan, you must identify your frequent financial habits.
If you don’t have a written cash flow plan, get started by gaining a new perspective.
I would start by asking, "What do you want?" and then "Why" like an incessant two-year-old as long as they can handle it. For example, why does Reza want to retire at 67? It may be because he hates his job, or because his father died at 67, or because that's when he thinks he'll still be healthy and active.
Last week I received an email from an advisor out West. I actually had the pleasure of sitting down with her for a coffee back in April when I was on a speaking tour. She had read my latest article and was reaching out to say she agreed advisors do need training in order to […]
I get many, many emails from advisors all over the country asking me exactly how they can go about helping clients with debt. Here is my top ten list for changing the face of your practice to include both sides of the balance sheet. 10. Get Over Yourself – Get over any pre- conceived notions […]
According to the Bank of Canada, Canadians currently have a $1.42 of debt for every dollar of income they earn. Now, you may worry momentarily that this might apply to your clients, but then you tell yourself, “Everything is fine; I don’t deal with the sort of people that report is about.” The fact is, […]
Remember when you first started in the industry and your manager reviewed the importance of having an accurate account of your clients’ monthly and annual expenses? How else could you calculate their retirement income needs with any of precision? If you are like me, you didn’t have quite that experience in your “new advisor training” […]