The True Wealth Process: More Than Just Numbers

Have you ever thought about what truly matters to you beyond just the numbers in your bank account? Today’s episode explores a groundbreaking concept: the True Wealth process. Josh Ackerman explains how this innovative approach emphasizes the importance of aligning your financial strategies with your personal goals and values, ensuring a fulfilling transition into the next chapter of your life. Read on to learn about how this process can transform your financial planning journey.

The True Wealth Process

Traditional financial planning often zeroes in on the numbers – how much you’ve saved, invested, and earned. But as Josh Ackerman explains, the true wealth process digs deeper, urging us to ask not just how much money we have but what our financial resources are truly for. Money Quotient has pioneered a movement known as financial life planning. This method helps clients articulate and clarify their values and visions, making it more than just about financial gains.

Clearly Defining Your Goals

Understanding and expressing your goals is harder than it may seem. Many people initially think they know what they want, but it often takes introspection to uncover deeper aspirations. Josh emphasizes the real power of the planning process is in helping the client clarify and articulate these are the things that matter the most. Context Financial’s True Wealth process is designed to facilitate and enhance this understanding, guiding clients through tailored exercises and conversations that lead to aha moments about their life goals.

A Detailed Five-Stage Planning Process

Context Financial employs a comprehensive five-step process designed to cater to individual needs and life stages.

1. Explore: The initial meeting focuses on understanding your immediate needs and ensuring a good fit. Josh likens this to solving an immediate problem while looking at longer-term goals.
2. Engage: This stage delves into your money stories and perspectives, often revealing deep-seated values and priorities.
3. Envision: Here, you create a vision of your ideal life. “What are the things that if you didn’t get a chance to do this, you’d be really disappointed?” Josh asks. This conversation integrates both emotional and financial elements.
4. Enlighten: You gain clarity on how your financial resources can support your envisioned life, incorporating any shortfalls or necessary adjustments.
5. Empower: The final step involves ongoing monitoring and adjusting plans as needed, ensuring that you remain on track with their evolving goals.

Transforming your life’s financial approach starts with understanding what true wealth means to you. Josh Ackerman and Context Financial guide clients through a meticulously structured process that emphasizes personal values and goals over mere numbers. To learn more about Context Financial’s five stages of the Money Quotient True Wealth Planning Process, listen to this week’s episode.

Listen on your favorite podcast platform: https://bit.ly/TTep04 

Watch on our YouTube channel: https://youtu.be/8kSSLannVu0