OUR PROCESS
If we have learned anything these past few years, it is that conventional wisdom is often terribly mis-guided and frankly wrong. This is especially true in world of “Financial Planning”. In fact, it is safe to say Financial Planning has Failed (ask us how to get a copy of the book by a friend of ours Kim D.H. Butler). Walking out of the office of a
Certified Financial Planner CFP® whether a fee-based planner who tells you he/she will act as a fiduciary on your behalf or a commission-based planner with a written financial plan, the results are the same.
As soon as you walk out their door, your ‘plan’ is obsolete.
Why? because there approach is to expect you to take risk by investing your money in markets you neither own, nor control, and doing so in an environment full of taxes, penalties, inflation, and life’s little interruptions such as health, Covid or a myriad of other detours that you also can’t control either. Our experience has taught us you face all kinds of risk that investing alone cannot address and we have learned that helping you avoid the losses, is far more beneficial and productive to you that trying to pick the winners and losers and chasing rates of returns in markets you know very little about.
In creating proven wealth strategies for our clients where cash flow generated from these strategies can be exempt from Federal and State Income taxes, therefore off the radar screen of the IRS.
What are the Steps?
STEP 1: (optional)
30 minute introductory meeting
First, we will give you a basic understanding of the most profitable wealth creation, management and money utilization system ever devised by man. It is a system that goes back literally thousands of years and is still responsible for the bulk of the world’s wealth creation—that of banking.
So, we will teach you first to “think like a banker”.
Why? Banking is the oldest and arguably the most profitable business model of all history. Banking incorporates all the financial tools and strategies to enable its owners to profit handsomely from the leverage of employing “Other People’s Money” (OPM).
STEP 2:
Financial Assessment Form
Next, once you have a better grasp on the financial environment in which you are earning, spending and preparing for retirement we will turn to your specific financial situation—your wants, your desires and your needs.
To proceed, you will be asked to complete a Confidential Financial Questionnaire (CFQ) which is designed to help you organize your financial data to give us a macro-economic view of your individual financial world.
Armed with this information, we can ensure the best use of our time together as we explore and discuss strategies appropriate to your unique situation.
STEP 3:
Financial Assessment Form Review
In this meeting we review- line by line, the details of your financial realities of today and your goals for your future. We also help identify and optimize “lazy” or “unproductive” money and investments that can be redirected for your benefit.
Step 4:
Personal Policy Design
Once we have a solid understanding of your unique financial needs, we choose a company who offers the right product for your needs. We design the perfect policy for your needs.
Step 5:
Complete Application and Implement Your Plan
With the design of the policy complete, you complete the application, underwriting and funding of your perfect policy. We are with you every step of the way to ensure you are fully informed of everything you need to have a successful process. Once complete, we meet again to implement your new financial plan!
Financial design should not be driven by products, but by sound economic truths and education that empowers our clients to take control of their financial future. It is the careful crafting of a strategy unique to you and your needs that makes our firm stand apart from traditional financial planning firms. The DESIGN Process allows us the best opportunity to create that strategy based on your specific needs and wants.
Getting To Know Each Other
Our first step is getting to know you, your family, your business, what you like and dislike about what you are doing financially and how you are using your money to get you where you want to go. We will discuss how you are currently saving, what you think you are doing well, areas you feel you need assistance, and goals that you have for the future. We welcome any and all questions you have about us, our process, and how we help our clients reduce debt, mitigate taxation, and maximize cashflow.
Certainly, utilizing the specified descriptors for the DESIGN mnemonic in the context of infinite banking by Creative Capital Strategies, each step reflects a comprehensive and client-focused approach to financial planning. This approach prioritizes sound economic principles and client empowerment through education and tailored strategy development.
Here’s how each step can be described:
Discuss: The process begins with an open discussion to understand the client’s financial landscape, goals, and challenges. This step is crucial for establishing a relationship based on trust and clarity, ensuring that the strategy developed is closely aligned with the client’s aspirations and current financial situation.
Evaluate: In this phase, a thorough evaluation of the client’s financial status, resources, and potential avenues for growth is conducted. It involves assessing various aspects of the client’s financial life to identify opportunities and risks, laying the groundwork for a strategy that leverages infinite banking concepts to their advantage.
Strategize: With a clear understanding of the client’s goals and financial landscape, a personalized strategy is devised. This strategy is rooted in the principles of infinite banking and is designed to empower the client to utilize their financial resources more effectively, aiming for long-term growth and stability.
Implement: The implementation phase is where the strategy comes to life. Actions are taken to set up the necessary financial structures, such as whole life insurance policies integral to infinite banking, ensuring that every step is executed with precision to align with the strategy’s objectives.
Grow: Growth is an ongoing objective of the DESIGN process. This step focuses on the continuous monitoring and management of the strategy to capitalize on growth opportunities and adapt to changing financial conditions. It’s about ensuring that the strategy not only meets the current needs of the client but also positions them for future financial success.
Nurture: The nurturing phase underscores the commitment to a long-term partnership between the client and the firm. It involves regular reviews, adjustments as needed, and ongoing support to ensure the strategy remains effective in meeting the client’s evolving goals and needs. This step is key to maintaining a dynamic strategy that continues to empower the client throughout their financial journey.
By following the DESIGN process, Creative Capital Strategies aims to craft a financial strategy that is not only unique to each client but also educates and empowers them to take control of their financial future, setting them apart from traditional financial planning firms.
