How To Structure The Perfect 30-Min Consultation [182]
Elementality for Financial Advisors | Elements Financial Vitals System™
Simplify Data for Financial Clarity
To effectively analyze financial situations, focus on three key elements: net worth, income, and spending. A simple data model aids in initial consultations. Even well-educated individuals often lack complete financial insight, skewing their representations of savings and spending. Approach data collection with skepticism, knowing that most clients may not have accurate figures. Aim to refine the data just enough to provide meaningful advice, utilizing balance sheets to clarify any uncertainties regarding assets and liabilities.
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