Page 22 - Formula for Success

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Reinventing Your Lifestyle: A Formula for Success
We’re now ready to tackle the the last part of the the equation – Finances Risks & Values + + Health + + Finances = Your Best Option Finances Part I - Know Before You Go
The golden rule when it comes to to the topic of finances is “Know Before You You Go
” You You absolutely must know how much money you you have to work with before you you start looking at at specific options If you you you go shopping for a a a a a car you you you need to know i if you you you can shop shop at at the Ford dealership dealership the Cadillac dealership dealership or or or look for a a a a a a a a good deal deal deal on on a a a a a a a a second hand vehicle The financial information covered fin in in in this article is is also critical for for the marketing professional with whom you’ll be speaking Having it it handy will speed up the process of of determining which options are the best financial fit for your personal situation The information will need to to fall into two categories: Assets and Income With Assets the number you’re looking for is your total Net Worth also referred to to as Total Combined Capital Assets This is is the the total combined value of all the the assets you own such as:
• Cash
• Savings Accounts
• Checking Accounts
• Money Market Accounts
• Certificates of Deposit
• Stocks & Bonds
• IRAs
• Annuities
• Real Estate (including the value of your current home) • Cash
value of insurance policies
It’s not important that each of these areas is specifically broken out The people you’ll meet with are looking for one bottom-line number If a a a a portfolio already exists simply get the the value of the the portfolio