Step 2: Build Your Holistic Financial Plan

Are you truly confident you are on track to achieve your financial goals and live the life you want? Have you thought of everything and created a plan to get from where you are to where you want to be?

Good news! We want to help you make that happen! To do this, we are sharing our seven steps to financial independence and security that we use with our clients. Our wealth management system and process can help you live the life you want.

MRG Wealth’s founder, Ryan Gubic is a Personal CFO and financial advisor in Calgary, Alberta with over 20 years of education focused on improving personal finances. Ryan is not only a Certified Financial Planner, he’s also a Discretionary Portfolio Manager, Chartered Investment Manager, Licensed Insurance Advisor, Chartered Professional Accountant and holds a Masters in Business Administration.

And now, he’s put together this guide to do the same for you!

Below is just one step (step 2) as part of our seven week financial health series. You can download the complete document with all 7 steps on our planning page here

Now that you know what your puzzle should look like when completed, it’s time to lay out all your pieces! 

The components of a healthy financial plan include budgeting, risk, investments, tax, retirement and estate. By integrating all of these into your holistic financial plan you can make your journey easier. 

Having the time and expertise to properly plan is invaluable and can not only help you achieve your goals but can also save you from costly mistakes and setbacks down the road. 

Let’s dig into the value of each of these components! 

• Budgeting: Understand your current and future financial position including spending and savings so you can be intentional with your money. 
• Risk: Identify and manage your vulnerabilities to protect your financial future. 
• Investments: Strategically invest your money to generate the growth and cash flow you need to achieve your goals. 
• Tax: Tax optimize your current and future finances to make your journey easier. 
• Retirement: Afford the lifestyle you want in retirement. 
• Estate: Ensure your wishes are properly executed. 

Planning Requirements 

In the following pages, we will help you build your financial plan. Fill out the pages as best you can. 

Prepare by: 

• Gathering your bank statements, investment statements, insurance statements, tax statements and other financial statements. 
• Understanding your household income, budget and spending. 
• Understanding your current debts (mortgage, credit cards, line of credit, vehicle financing, etc.) 
• Understand your contribution limits for accounts like TFSA, RRSP, RESP, loss carry forward, etc. 
• Including your partner (if applicable) in these conversations and decisions. 

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