Most people are more concerned about what’s going to happen in the next few years, as opposed to the next four to five decades. Showing them how to strike a balance between preparing for what lies in the distance and helping them enjoy their life in the present is often what they are really after.
To help clients get a comprehensive picture of the present and the future, empowering them with the knowledge of how to make more informed decisions is vital. Eric Rodriguez, of Wealth Builders LLC, utilizes Elements to create a visual story of the interconnected relationship between a client’s finances and their major life decisions to help bridge that time gap. Eric notes that, “There is a flawed view of what the planning process really is. But the Elements scorecard quickly illustrates how money and life decisions are interrelated by giving clients visual feedback on how the decisions they make today affect their liquidity, their debt, and their long-term savings.”
Prospective clients frequently fail to understand the intricacies that go into the financial planning process. Elements provides a quick snapshot of financial health, allowing a client to visualize their current financial standing. And that provides a launching pad for how all of the various facets of personal finances come together.
For Eric, using Elements is his last step before creating a one-page financial plan for the client and implementing a schedule for the coming year. “When clients are on the fence about what to do, Elements makes the various options about any planning decision easier to communicate. Plus it shows that as a planner, I am thinking of everything.”