Investing can be a very complicated and confusing process, especially for those who are new to it. There are so many options and strategies out there and it can be difficult to know where to start. Having a clear understanding of what you are hoping to achieve and your current finances is essential before you start to decide how you are to move forward toward your goal. Tony talks about how you can achieve this.
KEY TAKEAWAYS
- Cash Flow Modelling (CFM) is a powerful tool that can help you take control of your finances and move toward your investment objectives.
- With CFM you can clearly understand your financial situation, identify any areas where you may be overspending, discover opportunities to save, make more informed decisions about investments and set realistic goals.
- CFM provides a detailed picture of your investments, debts, income and expenditure.
- This system creates different scenarios based on future decisions you may make and illustrates the effect they will have on your finances.
- You will need periodic checks to ensure that your plan is on track and make any necessary alterations.
BEST MOMENTS
‘By creating a model of your income and expenditure you can see exactly where your money is going and make informed decisions on how best to manage your resources.’
‘The process shows your current position relative to your preferred position and your goals by assessing your current and forecast wealth along with income inflows and expenditure outflow.’
‘A snapshot in time is taken of your finances with calculated rates of growth, income, tax and so on.’
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, and Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony’s official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
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