You are not alone in your financial journey! 

OUR PROCESS:

1. The process begins with an initial meeting to understand the client’s goals, desires, fears, motivations, and strengths.

2. From there, I gather the necessary information and conduct a Financial Needs Analysis (FNA) to gain a clear picture of their financial situation.

3. Using the insights from the FNA and their Financial Independence Number (FIN), customized solutions are presented to address their specific needs.

4. The proposed insurance and investment plans are explained in detail, demonstrating how they can resolve current challenges and align with the client’s objectives.

5. Regular check-ins ensure their financial and insurance plans remain relevant as their circumstances evolve.

6. Ongoing support is provided to adapt to market changes and ensure the client’s strategies stay on track over time.

What’s A FIN:

A Financial Independence Number (FIN) is a critical metric used to determine the amount of money an individual needs to accumulate in order to achieve financial independence. It is essentially the point at which a person’s assets and investments generate sufficient income to cover their living expenses indefinitely, without requiring active work.

Key Aspects of the FIN

  1. Personalized Calculation:

    • The FIN is unique to each individual and depends on several factors, including lifestyle preferences, expected retirement age, future expenses, and inflation.

  2. Components of the FIN:

    • Monthly Expenses: Estimating ongoing living costs such as housing, food, healthcare, travel, and leisure.

    • Future Goals: Factoring in long-term goals, such as funding education, major purchases, or travel.

    • Investment Growth Rate: Accounting for the anticipated growth of investments over time.

    • Inflation Rate: Ensuring the purchasing power of money keeps up with inflation.

  3. How It’s Used:

    • The FIN helps guide financial planning, showing how much needs to be saved and invested to reach a state of financial independence.

    • It allows clients to see a clear target, making financial goals more tangible and achievable.

  4. Why It Matters:

    • The FIN empowers individuals to make informed decisions about saving, investing, and managing their money.

    • It provides clarity on when they can retire comfortably or reduce their reliance on active income.

Example:

If a client needs $5,000 per month to cover their living expenses and expects a 5% annual return on their investments, their FIN would be calculated as:

This means the client would need $1.2 million invested in assets yielding a 5% return to generate $5,000 per month indefinitely.

What’s A FNA: