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Financial Planners Secrets… REVEALED!

Paul Dwyer • Apr 22, 2019
Regardless of whatever anyone tells you, financial planning is not new or unique strictly speaking. Actually the methods and strategies are widely used and time tested. Specifically, financial planners do 3 secret things to continue growing our own success...

  1. We preselect clients who are most likely to be successful. Financial Advisors can spot the inevitably successful people from great lengths. We actually spend decades studying success and mediocrity and can tell almost immediately where a person is headed at that time. Our success comes from our clients success so we have a vested interest in preselecting the inevitably successful clients.  
  2. We succeed when our clients engage in beneficial financial strategies. When our clients engage in beneficial strategies like paying off debt, buying a home, planning for retirement and owing a business we succeed. You see to do any of these financial strategies, clients must be able to see their future and want it to be better. When clients can see their future they understand that a plan significantly increases the chances of a better future by a wide margin.    
  3. We succeed when our clients avoid, mitigate or transfer risks. Success to some degree is an inevitable part of life. The accumulation of success is only slowed by the person’s own ambition but it is stopped by risk. While we cannot avoid events that cause loss, we can effectively manage the loss through avoidance, mitigation and transfer. Having our clients aware of the ways to manage risk and loss beforehand helps them resume progress faster. Over a lifetime its the difference between millions and billions.
In summary the secret to our success is to find clients willing to be inevitably successful, interested in doing the right thing for their future selves often, while avoiding risks or loss more often. We engage and support our clients because when they succeed we succeed… and although not one client makes a successful financial planner, It only takes one financial planner to secure success for a community of clients.

LET'S CHAT

Earning is inevitable. No planning involved. Retaining, deploying compounding, leveraging takes planning. Time efficient, risk efficient. 
Is it possible to accomplish:
· In less time?
· More in the same time?
· This goal more reliably?
· This goal more consistently?
· What would it take?
· How to get what it takes?
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Hope Help Pride Fear More than 4 letter words

4 Letter Words. Hope, Help, Pride, FEAR

By Paul • 27 Jan, 2021
A Financial Planner is a trusted role. Empathy, understanding, free of judgement or blame. The advisor must embrace the client and fearlessly know the client to the point that the client can feel safe enough that they will permit their best interests to be served, beyond and often contrary to their pride and ego.

Professional Corporations Year Enders

By Paul Dwyer • 12 Dec, 2020
Planning Is Important... At this time of year, finishing up with a good grip of your basic numbers for planning next year is CRITICAL. As a Professional Corporation, planning your tax obligations and Pandemic support qualification. are just a few areas where Knowing your basic numbers are critical... Take the time get close and personal with your business. We're here if you need to ask questions or just talk an idea through. Salary and Dividends Mix... TOSI - Tax On Split Income - demands reasonable wages be paid to family staff members. There's a Schedule at this link. PWC Year End Tax Tips . Be sure and consult your qualified professional before any tax strategies are implemented. Passive Investments in your Corporation.. PIT - Passive Income Tax, within your Corporation is a serious issue. Staying under this year's threshold is critical. While its late, its never too late... and you're better off knowing where you stand than not. Check out the PWC Year End Tax Tips to be clear. Pandemic Response... CEWS - Canada Emergency Wage Subsidy CEBA - Canada Emergency Business Account (interest free loans) CERS - Canada Emergency Rent Subsidy and more. See the Federal Government's Guide Here . Again seek guidance from your professional advisor to be certain what you should be aware of Depreciation and Operating Expenses... Amortization, CCA, or Depreciation is a deductible expense. You should have an understanding of what your deductions are on Capital Assets annually. This informs you of budgeting for other programs like Employee Benefits and Elastic Expenses. And while you're at it. Call your Business Insurance Broker. Tell them you love them and ask for a Claims Experience Letter - Just for file purposes. It serves to remind your broker that you are always evaluating their value... (Keeps them on their toes) and it keeps you informed of how all insurers see you, just in case there's a mistake on the file you'll know it. Happy Year End. Paul
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