Step 7: Monitor, Track, and Update

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

Monitor, Track and Update

Let’s reflect on the puzzle you have built.

Okay wow! We’ve reached the final step! Let’s reflect on all the work you’ve done so far. You’ve gained clarity on your values and vision, created a holistic plan that integrates all six areas of your financial life, identified your vulnerabilities and opportunities, created your road map of action items, developed a repeatable wealth system to manage, and researched, selected, and implemented the best product solutions for you. You’ve come so far, but this last step is just as important to keep you on track. 

Now that everything is up and running, you must monitor your progress to ensure everything is working properly and track your progress along your journey. By doing this, you’ll always know if you are on track or not, even through your changing life and finances. 

When monitoring and tracking your progress, consider: 

• Where are you keeping track of your progress? 
• How often are you tracking and updating your progress? 
• Are you on track? 
• If not, what are your options to get back on track? 
• What are you going to do and when?
• Schedule next review and update 

One of the only constants in life is change, so make sure your wealth strategy is changing too. Updating your wealth strategy keeps you on track so you can live the life you want and achieve your vision. 

At least once a year, it is important to repeat this seven step process to help you have an unstoppable journey. 

This process can be a lot to manage and we don’t recommend embarking on it alone, so if you need help, we are here to make your journey easier. Schedule an introduction call today.