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

TAKE YOUR WEALTH BUILDER SCORECARD: wealthsmart.ca 🌐 For detailed insights and tailored advice for your and your family's finances, make sure to check out our website: wealthsmart.ca 👍 If this content makes you interested in managing your finances, give us a like, share, and make sure you're subscribed to WealthSmart. For regular content make sure to follow us on social media! Facebook/Instagram/Threads: @wealthsmart

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.

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TAKE YOUR WEALTH BUILDER SCORECARD: wealthsmart.ca 🌐 For detailed insights and tailored advice for your and your family's finances, make sure to check out our website: wealthsmart.ca 👍 If this content makes you interested in managing your finances, give us a like, share, and make sure you're subscribed to WealthSmart. For regular content make sure to follow us on social media! Facebook/Instagram/Threads: @wealthsmart

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 🌐 For detailed insights and tailored advice for your and your family's finances, make sure to check out our website: wealthsmart.ca 👍 If this content makes you interested in managing your finances, give us a like, share, and make sure you're subscribed to WealthSmart. For regular content make sure to follow us on social media! Facebook/Instagram/Threads: @wealthsmart