Our Process
The Wealth Curve Blueprint is a crucial document in which we assemble and organize all of your financial decisions. This blueprint is one of the most important steps in financial planning.
Your financial view of the world can be easily distorted when you only see one, two, or three components of your wealth plan. We designed the wealth curve blueprint to be a snapshot of your present plan—where you are right now. It is not a guide for where you’re going, or a history of where you’ve been. It is a current at-a-glance view of the most important parts of your plan: your family makeup, income sources, savings rate, taxes, mortgages and debts, property taxes, insurance payments, and lifestyle. It is comparable to an income statement, and is a complete review of your assets, your current liabilities, your future liabilities, and how well your plan is protected.
Your lifestyle is an enormous piece of the puzzle that many people miss. It is crucial to consider your expenses in coordination with your income, and whether it is sustainable for a future time frame. You may need to rethink the balance of your assets between cash in investments, in business, and real estate. John goes more in depth on this in his article Eight Steps of Financial Success.
A regular review of your blueprint is essential. This keeps your focus on all aspects of your plan at once. It is too easy to be distracted by a single variable such as income, rates of return, or a tax loophole. While those things are nice, they do not make or break a plan. Rather, it is the big picture view and the details within each component of your plan that together will maximize your income sources and savings rate, make your debt as minimal as possible, and obtain the best cash flows and tax benefits.
With the comprehensive blueprint in front of you, you can begin to understand where your plan might be deficient, or where your plan might be over-weighted. We prompt you to update your blueprint on a regular basis so that you have the most up-to-date information. This helps us ensure that your foundation is strong and everything built upon that foundation is strong.
With your blueprint in hand, we move ahead to develop strategies that will maximize the outcome of your plan.
