Ironman Financial Products & Services - Collecting & Analyzing Your Financial Information

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Step ll - Collecting and Analyzing Your Financial Information

Before we develop a plan we need to know what your current financial position is so we take a look at the “big picture”.

Assets:

Liabilities:

Income:

Lifestyle Expenditures:

Your home
RRSP’s
Cash
Stocks and bonds
Mutual Funds
RRSP’s
Second home or cottage
Personal property

Any income you receive in the form
of earned income from a job or a business
Rental income from revenue property
Investment income
Pension income
Capital gains income

Mortgages
Personal loans
Credit card debit
Investment loans
Car loans and leases
Deferred income tax

Mortgage payments
Loan payments
Rent
Property taxes
Maintenance costs
Food and other household expenses
Transportation
Insurance premiums
Discretionary spending

.......................................................................................................................................................................................................

From this data we create:

i) Balance sheet: listing assets minus liabilities to determine your net worth statement

Ii) Household Cash Flow statement: listing monthly income and monthly expenses

Once all the necessary information is gathered we use it to create a Personal Financial Profile. This profile becomes the framework for developing your plan.

I have included a link to my ABC Financial Planning Services Cash Flow Calculator and ABC Financial Planning Services Net Worth Calculator for you to use at your leisure.

Steps lll - V >

#801 5920 Macleod Trail S Calgary, AB
Direct Line: 403.256.7770
E-mail: mikebock@shaw.ca

Disclaimer: Mutual funds are offered via Investia Financial Services Inc. (Investia). All non-mutual fund related business conducted by your Representative is not in his/her capacity as an Investia Representative. Non-mutual fund related business includes, without limitation, advising in or selling any type of insurance product, advising in or selling any type of mortgage service, estate and tax planning or tax return preparation. Accordingly, Investia is not liable and/or responsible for any non-mutual fund related business conducted by your Representative and non-mutual fund related business is the responsibility of your Representative alone.

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