{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Completing the Scorecard","description":"Completing the Scorecard Summary: In this episode, the Bush brothers, Bill and Pete of Horizon Financial Group, talk about the final three categories of the Confident Wealth Scorecard: sharing your success, coordinated plan and vision and leading a balanced life. Cultivating a GROWTH mindset is not only necessary for managing your wealth, but for optimizing it. Those who struggle often fall prey to a scarcity mindset\u2014they fail to have a plan that eliminates risks to their portfolio. Tune-in to gain insights into how you can transform your life and those dearest to you. You\u2019ll discover how the end goal is not just to appease yourself, but to be free enough to give to the needs and causes you deem most valuable.     Time Stamped Show Notes:   00:35 \u2013 The Confidence Wealth Scorecard rates you on eight different categories 01:22 \u2013 Today, we are going to be talking about \u201cSharing Your Success\u201d, \u201cCoordinated Plan and Vision\u201d and \u201cLeading a Balanced Life\u201d 02:35 \u2013 At the end of the day, it is not what you do for your personal gains but what you do for other people that really matters 02:52 \u2013 A score of 1, 2, or 3 is for someone who consumes all their finances without putting anything aside for charity or their grandkids\u2019 education 03:38 \u2013 This mindset is either due to greed or genuine scarcity 04:38 \u2013 Volunteering is a good first step that involves devoting your time and not your financial resources 05:09 \u2013 A score of 4, 5 or 6 is assigned to someone who intermittently contributes to college savings accounts, is able to set aside some money for retirement but is unable to contribute anything for your employees 05:55 \u2013 Someone who can resort to better budgeting to plug leakages 07:12 \u2013 A score of 7, 8, 9 is possible if you are on track to fund college education, support causes and your key employees 08:58 \u2013 You are probably in a comfortable position and could be doing a bit more 09:12 \u2013 A 10, 11 or 12 is assigned to someone who benchmarks employee plans on an annual basis, has funded college education and gives to charities on a regular basis 10:08 \u2013 Someone with a GROWTH mindset 10:41 \u2013 We discuss the next category: overall coordination plan and VISION 11:00 \u2013 You are on the low end with a score of 1, 2 or 3 if you do not have a clear plan and have not discussed it with your spouse 12:15 \u2013 If your spouse and you do not know what the plan is, there is NO PLAN 12:55 \u2013 If you have purchased financial products, have the basics covered but do not have a formal written plan\u2014you will be rated a 4, 5 or 6 13:38 \u2013 Absence of a coordinated plan for a successful financial future 14:35 \u2013 Bear in mind that without a plan, you fail 15:27 \u2013 A score of 7, 8 or 9 is for someone who has accumulated substantial wealth or assets but they are scattered among different advisors and there is an absence of coordination 16:41 \u2013 Can work with an adviser who knows where all the scattered assets are and can continue to manage your finances if you are not there 17:41 \u2013 A high portfolio overlap will not render you immune from market volatility 18:00 \u2013 A written plan for your business and a vision that you share with your family and advisors will fetch you a score of 10, 11 or 12 19:11 \u2013 A GROWTH mindset where you are continually looking to improve 20:14 \u2013 We discuss the next category: \u201cLeading a Balanced Life\u201d which is about achieving a work-life harmony 20:24 \u2013 A score of 1, 2 and 3 is for someone who constantly works and is in continually thinking about business 20:54 \u2013 Having free time helps your rejuvenate and helps you think better 21:48 \u2013 If your business is growing but customers are demanding more and more of your time, you will be in the 4, 5 or 6 category 22:08 \u2013 Team building and partnering with other people will help you improve your life quality 23:22 \u2013 The next category of 7, 8 or 9 is when you are in a comfortable space and are present for the business and family when needed 24:45 \u2013 You are still more involved in the business than you should be 24:55 \u2013 You are in the top bracket of 10, 11 or 12 if you are a leader of a self-managing company that does not require you 26:02 \u2013 You are free to devote time to the causes that are important to you 26:56 \u2013 A person whose desires extend beyond work and family to the community and world 27:20 \u2013 We have gone through ALL eight categories now 28:12 \u2013 Reach out to us if you wish to move your score up to the top bracket 29:27 \u2013 Every category and box in the scorecard has a solution that can be personalized to you which will ultimately increase your CONFIDENCE 29:48 \u2013 Check out our website to know more about our team and our various services   3 Key Points: Cultivating a GROWTH mindset is necessary to optimize your wealth. Absence of a formal written plan only leads to failure\u2014make sure you have a plan in place. Aim to make your business a self-managing one; this will free you up for other important causes beyond your work and family that are dear to you.   ","author_name":"The Confident Wealth Podcast","author_url":"http:\/\/confidentwealth.libsyn.com\/website","html":"