The Punchlist™

Constructing a house using brick and two-by-fours and building a financial house have many similarities. However, one difference is the punch list. In a financial house, the punch list may be the most important step in building a stable structure.

Anyone who has built a house knows about a contractor’s punch list. It’s a task tally of items that must be completed before occupancy. The list wraps up what are mostly tiny details, like unpainted moldings and missing switchplates. Usually done at the end of the project, a contractor’s punch list is double-checked by the homeowner to be sure each task is completed.

However, a punch list for Your Financial House is the beginning point, not a concluding task. This list provides all the information the builder needs to develop a blueprint of the home.The Your Financial House Punchlist is a discovery document. It begins with a list of records – from wills to tax returns, insurance policies to loans – that the builder will use to accurately assess the family’s needs. Those documents are an important beginning. But they represent only half of the process. The rest of the list is compiled in approximately 90 minutes of conversation between the wealth builder and the client, including a short questionnaire on risk tolerance. Families consider what makes them anxious about investments. They also explore their financial strengths and resource gaps.

Compiling the list is a creative process. Families discuss what they want in their Room of Dreams, and how they might be able to furnish that room. The punch list continues through the family’s Lifestyle Room, including their net worth and cash flow.

Each room of the house is planned from these punch list details. From Legacy to Children, the rooms can be furnished according to the priorities set in the list.Another big difference in a contractor’s punch list and the Your Financial House Punchlist is the tone. Instead of noting what’s wrong with a project, the Your Financial House Punchlist is a positive experience. It details what a family needs to know to meet its goals. It gives the builder all he or she needs to develop a financial plan.

The punch list can reveal solutions to real financial concerns. It may include needs that have not yet been addressed, but weigh heavily on the client’s mind. No longer do client’s worry that they have “forgotten something,” failing to plan for their future. Your Financial House will provide comfort and peace of mind for an individual or an entire family throughout their lifetime and beyond.

Clients working with a wealth builder using the Your Financial House tool kit are confident that the rooms and furnishings suggested are based on their needs, not what the builder is selling. They are excited about their house and eager to fulfill the plan, seeing their goals and dreams come true.

The Your Financial House Punchlist meets the needs of every investor profile – from the single parent, to the retiree, to the business veteran, to the young professional.

This discovery document is an easy way to begin the blueprint – and a vital step in building Your Financial House.

Builder of Wealth