The power of “Organize.”

facebooktwitterlinkedinby featherI can remember it clearly. Long hours of cold calling finally paid off at the wire house I was working at.

The doctor was coming in for an appointment. I was really nervous and felt ill equipped for what was going to be my first real “discovery” meeting.

After the handshake, he took out a shopping bag and literally dumped it on the conference room table.

Investment statements, insurance contracts, estate planning documents, tax returns. I must have stared at it for 30 seconds, which felt like hours. I just didn’t know where to start.

Ever since, I have been obsessed with having a process to Organize my client’s financial life. I break my client’s financial life down into 7 units I call MoneyCapsules and provides the framework for their financial plan.

  • Values
  • Cash
  • Return
  • Tax
  • Risk
  • Time
  • Giving

Today I can place just about anything that is thrown at me in one of these capsules. A key benefit is the feeling of control. And apparently, I’m not alone. According to Cerulli Associates, 88% of the Advisors who were interviewed say that the key benefit of financial planning is that it provides an organized approach to client review.

In Financial Health,

Jaimie

Written by Jaimie Blackman

Jaimie Blackman

Jaimie Blackman has created Sound Financial Decisions ™ powered by MoneyCapsules®, to help guide business owners through the complexities of succession planning.

Jaimie writes “Smart Succession”, a monthly column in Music Inc., and also writes a bimonthly column for Canadian Music Trades magazine. He has spoken at NAMM U Idea Center, and at Yamah’s Succession Advantage.

As a financial literacy educator he has taught at New York University and has lectured at the 92nd Street Y, Marymount Manhattan College, and CUNY.

As President of BH Wealth Management, Jaimie also helps his clients implement investment and insurance solutions which are aligned to their personal values. Visit bhwealth.com to learn more.

To subscribe to Jaimie’s Succession Success: Insights for Music Retailers, visit moneycapsules.com.

1 Comment

  1. Hallo Alex. Danke für Dein Feedback und sorry, dass uns Euer Internet-Dino bei der Zusammenstellung durch die Lappen gegangen ist. Aber wir haben schon eine eventuelle Lösung im Hinterkopf.  admin

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