Hmm, today we are talking about how to perform a financial analysis. Could we
talk about something more boring? No, but I got to tell you, it's insanely
important. Today we are going to be breaking it down. I'm bringing back Rob Gill, my
friend. Because we're gonna be talking about the importance of financial
analysis. What analysis, you might say. I don't know. Do you know when you're going to
retire? Do you have a financial plan for your future? Do you know what it's going to
take to get you where you want to go? Because if you're like most people, the
answer is no. Let's fix that in just the next few minutes.
If you're watching this video, we know you need some help because I don't know
anyone that really likes to watch videos about financial analysis; looking at when
they're going to actually financially retire. You know, the bottom line is when
you start doing the math it can get scary. -Yeah. -But it doesn't have to if you
know how to do an appropriate financial analysis. Because dude, you rip that
band-aid off, you look at where it's at. You find out if you're not on track, the
sooner you can actually start making the kind of course corrections that can get
you on track. And I've got Rob Gill joining me here today to actually tell about that.
-Thank you. -Glad to have you here man. -You know , for us,
the first step when it's all said and done is you really have to start to
become as honest with yourself as you possibly can. And that starts with when
we're establishing the relationship, we're really going to outline what our
responsibility is; what your responsibility is in a trust back and
forth. Basically, the first step. -So you're saying that someone shouldn't do this on
their own, they should actually have a knowledgeable team step in that can
actually help you sort through it. -It's almost like if you're going to have
somebody as a mentor, you want to make sure that your mentor is you know, at the
top of their game versus someone that may not be at the top of their game. -Okay.
So, we're talking about performing this financial analysis. And you taught me
this thing called Eg Prim. -Yes, that. Establish the relationship; gather the
financial data; process that information; recommend the strategies; implement the
strategies and the monitor strategies. -Don't forget
EG Prim. -So establish the relationship. And that and that really means it's our
job once again to really outline what our roles and responsibilities are as
well as what your roles or responsibilities are. The next step would
be that to gather all of the financial data. The credit card debt, the savings
account-- the secret savings account. -Things you love to do like, "Aahaha, I'm going to
dig around my files and fight for..." No, listen guys. The stuff that people don't
exactly like to do but this is actually part of the reality check, right? Be
honest with yourself. -Absolutely Kris. And when we gather that data, as you know, we
put it on the epic wealth builder. -Yes. Which by the way, this tool is freaking
amazing. I actually have never met a company that actually can take
everything from your entire financial life and put it in a single portal. -Yep.
-This is really cool. -Yeah. Not just like a brokerage account. But once again, your
credit card, your budgeting, your savings account. -All. -Your real estate, inside the
vault, you put your state planning documents. But once all that stuff is
loaded, it begins to every single day, it reprograms itself because it's connected
to all the financial institution. So it makes your job easier.
-Gather up your documents. -And we want to process the information but we
don't want to process it based on what we think is right for you. We want to
process it based on who you are. How many kids you have. Do you have any kids? You
married? Are you in a second marriage? You in a first marriage? It can't be a cookie
cutter approach. It has to be based on what your goals and objectives are. -Well
and that's actually something that I appreciate it.
Friends, I've taken years to try to find a group of individuals that I resonate
with. Because I I honestly have a little bit of a financial philosophy that is
different than society's typical go to college get a piece of paper, work for
somebody else; close your eyes, financially hope it all works out well
at the end. And the reality is I've got a strong financial philosophy of my
approach. And one of the things that I really respected Rob when I got to know
you was you looked at that and you're like, you researched it. You looked at it
like, "This is great. I'm glad that you have this." And by the way, we don't want
to disturb that. We want to keep that where it's at.
But what can we do to round out and make sure that we're actually thinking of
everything... -And that's the next step where we once we understand goals and
objectives. Have a clear picture of who you are, where you're going, where you've
been, where you are now. We're then going to recommend strategies. Maybe 2 or
3 different strategies that sit and fit with what we discussed. And within
the space of that strategy, we want to make sure it's within your best interest.
And from an overall planning standpoint, we want to be able to put it together
from that from that place. And the thing here I think that's really important is
that at the end of the day, there's a lot of stuff out there that if you do the
math, it'll never get you where you want to go. And so, I love the kind of the
reality check that says, "Alright, we want diversification. We want to know all
of our options." And is this a plan realistically that can meet your
objectives and goals. And that's something that doesn't often happen in
this industry, is that there's a lot of people in the financial analysis that
know that it's not going to add up to what you need. And they just zip their
lips and they don't say anything about it because it's like awkward to look at
that and so they don't point that out. They're like, "Well, let's just do stuff
and hope for the best." Hope is not a good financial strategy. And you taught me
that. And so I loved how that's well rounding out this entire process. -And
once we implement and the relationship is up and going... -I, Impediment. Did you
catch that on EG PRIM? -Yep. So, once we implement, right? We want
to be able to... Because things are always changing. I mean something can happen
with the market in the next 30-60 days. Or something can happen in the real
estate market. So, we want to make sure that we're... There could be a
geopolitical event. We want to be able to implement and then consistently monitor.
-That's the M. -The thing that connects us from the implementation and the
monitoring standpoint is the actual depth of wealth builder. We're connected
now at that point because everything is real-time. -I think I just
figured it out. Eggs. Eggs for breakfast are filled with protein. And priming is
like making sure that everything is just right. So, financially, you want your
protein and you want to know everything is just right. -Sounds good to me. -Guys,
listen. Today, we've been talking about performing that financial analysis. -Yes.
And Rob, thank you for coming on actually bringing that expertise. -Yep. -Listen, if you
don't have someone that you can shoot from the hip and have conversations with
about, "Hey, what does my plan look like? Am I on track? Am I behind? Like am i
organized?" If you're not, there should be a little bit of a feeling, it's like,
panic. I want that panic to be coming up there for it for you to be like, "I need
to do something to correct that. -Yes. -So find someone you can trust and get with
them. And if you don't have that person, in the link below... Listen, these are
people that you should know. And so click the link and have a conversation with
them and just say, "Hey, this is just where I'm at." Because some of you've done a
really smart financially intelligent job. But you're like me. You missed some
things. And the corners aren't rounded the way they're supposed to be. And for
others, you're like, "Wow. I'm delayed this for a little bit. I better get on it. And
I can't think of a better team that I would talk to about performing that
financial analysis." So, go to the description link below. Click that link
and say, "Hey, we need to have a free conversation." And get a different
perspective. For me, a different perspective is what put me on my path to
wealth. For me a different perspective is what has introduced me to incredible
people and open doors. And I'm introducing you to one of those right
now. So, take an opportunity for that. And other than that, make sure you are a
subscriber getting your financial education. Eat your Wheaties breakfast of
champions every single day. Ring that bell and we will see you on tomorrow's
video.