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 4) as part of our seven week financial health series. You can download the complete document with all 7 steps on our planning page here

Your vision drives action 

Congratulations! You’re done with your planning and ready for action! In this phase, we’ll outline steps involved to ensure your plans stay on target, mitigate your risks and capitalize on the opportunities you’ve outlined in the previous section. 

With a strong vision in tow, you can now begin to implement your strategy. There are a few reminders here that are important to keep you on track. Remember that, if you want to be unstoppably wealthy, it is important to understand the learnings and actions of the ultra wealthy. 

The Action Phase builds on the work you’ve done in the Planning Phase to help you understand what is needed to follow through on your plans to reach your vision. Take a moment to remind yourself of the work you’ve done up until this point and, when you’re ready, take action! 

The first three steps are focused on getting clarity on your values and vision, integrating the six critical areas of your financial life through your Holistic Financial Plan and assessing your vulnerabilities and opportunities to avoid costly mistakes and make your journey easier. The next phase focuses on setting you up to properly implement what you need to do and when to achieve. 

To do this, you first need a road map. 

What is a road map? 

A road map is a simplified and summarized action plan of what you need to do and when. Your road map will help get you from where you are to where you want to be. 

Here are some examples to help you start building your road map: 

• Budgeting: decrease spending on x spending area and increase savings by $y amount to z investment accounts each month. 
• Risk: increase life insurance and get critical illness insurance to cover current vulnerabilities. 
• Investments: change investment strategy including asset allocation, identify % of portfolio to each investment type to align with risk tolerance and goals. 
• Tax: optimize RRSP and TFSA contributions and create a corporate investment account to invest the money sitting in a corporate bank account. 
• Retirement: further define my desired retirement lifestyle including activities and budget. 
• Estate: update Will, power of attorney and personal directive documents with lawyer. 

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