Begin with a Question, End with a Plan

By Tom Kirk

If you don’t already have a WealthPlan™ in place, or you’re not sure the plan you have is preparing you for the future you want to live, it’s important to start thinking about it. But where do you start? In order to find an answer, it’s important to begin with a question.

What is important about money to you?

We have found this to be a thought-provoking question for many people. Your first answers may be about your own desires like financial security, an enjoyable retirement and protecting what you have. However, when you dig a little deeper, you may add desires about others like your spouse, children or grandchildren. At the deepest level, you may want to feel your money had significance in the lives of the people you care about or that you have lived life well.

However, you answer the question, it is the first step to putting your financial decisions in line with what is important to you. After that, it’s time to start putting a practical, measurable plan in place. It doesn’t need to be complicated or time consuming, in fact, it’s often better if it’s not.

Clarify your tangible financial goals

Clarifying is more than identifying. A clarified tangible financial goal has a name – be debt free; a time frame – by December 31, 2023; and the amount of money this will take – $250,000. This was an easy goal to clarify. Some are more complicated, like the goal to become financially independent. But with a little work, a time frame and how much money this will take can be determined.

Benchmark where you are now

Begin by summarizing your assets and liabilities so you can determine your current net worth. In addition, you will need to summarize your sources and amounts of income together with your cost of living to determine your available cash flow.

Here at our wealth services firm in Satellite Beach, FL – Melbourne/Brevard area we know that once you’ve established your goals and understand where you stand right now, then you can begin to create a strategy and take action to reach these goals. If you don’t already have a WealthPlan™ and would like to learn more about clarifying your financial goals, visit our website at or give our team a call today at 321.773.7773!

You should not assume that any discussion or information contained in this publication serves as the receipt of, or as a substitute for, personalized investment advice from FirstWave Financial. A copy of the FirstWave’s current written disclosure statement discussing our advisory services and fees is available upon request.