General Advice Warning - All strategies & information provided in this document are general advice only which does not take into consideration any of your personal circumstances. Please arrange an appointment to seek personal financial & taxation advice prior to acting on this information.
PRIORITISATION DOCUMENT
STAGE FIVE:
FINANCIAL ABUNDANCE
Have more than what you need, can give back to the world.
STAGE FOUR:
FINANCIAL FREEDOM
Own your home outright and have passive income.
STAGE THREE:
FINANCIAL GROWTH
Good surplus, saving, paying debt, building wealth.
STAGE TWO:
FINANCIAL COMFORT
Treading water, living comfortably but not moving forward.
STAGE ONE:
FINANCIAL BATTLE
Drowning financially, deficit in cash flow, racking up debts.
3. What is the significance of each of those goals, dreams & aspirations to you?
Suggestions:
Job is done, There’s nothing more, Legacy
Let’s assume these outcomes are being met. [Name the outcomes / experiences / needs / captured from the Level 2 Questions] What is the significance or value of these outcomes being met, for you?
“Tell me more...”
“Can We Explore that?”
2. Assuming your fundamental needs have been met, what then becomes goals, dreams & aspiration?
Suggestions:
Volunteering, Family, Home, Spiritual, Travel, Items to Own, Hobbies, Community, Business, Charity
Put yourself in a position where these fundamental financial needs are being met. Namely, you are experiencing or achieving. If you can consider now, being in that position, what other desires, ambitions, wants or aspirations would then become in focus, for you?
1. What are your fundamental or non- negotiable needs?
Suggestions:
Comfort, Choice, No Stress, Survive, Freedom, Security, Pay Bills, Options
What are your fundamental or non-negotiable needs?
LEVEL ONE
LEVEL TWO
LEVEL THREE
START HERE
Having the right foundations is an important part of the future. We want to ensure our current situation is as it should be to give us a solid base to build from.
How It Works: We’ve identified your Fundamental Needs in Level One and considered Signature Outcomes for each in Level Two. From here we can consider the Outcome Value of each in Level Three.
big picture
INCOME NEEDED
$XXX,XXX.XX
FUNDS NEEDED
$X,XXX,XXX.XX
AGE NOW
THE END
ACCUMULATE
PHASE 1
RETIRE
SUPPORT KIDS
DIAL BACK WORK
HOME OWNERSHIP
EDUCATION
SPOILED
GRANDKIDS
TRAVEL
FAMILY
big picture
AGE NOW
THE END
PHASE 1
RETIRE
big picture - dream
Kids
Purchase house
$XXX (20% Dep.)
Travel $XX p.a.
25/29
50/55
55/60
100
Dream Home
$XXX
Pre-Retirement
$XXX p.a.
$XX balance
Need
$ P.a.
Cont. Retirement
$XXX p.a.
Nest Egg Balance
$XXX
Need
$ P.a.
We’ve just covered a crash course in how you can start working towards a life of financial abundance but we
know we can’t do everything at
once.
Now is a great time for you to reflect on what we have covered today to ensure we identify the items that need our immediate attention.
LEGACY
PURPOSE
FOUNDATIONS
PEACE OF MIND
WEALTH CREATION
WEALTH
MANAGEMENT
General Advice Warning - All strategies & information provided in this document are general advice only which does not take into consideration any of your personal circumstances. Please arrange an appointment to seek personal financial & taxation advice prior to acting on this information.