Financial Planning Basics

Unlock the secrets to mastering your family’s financial future with our step-by-step guide!

Learn how to transform disorganized financial snapshots into a comprehensive, visual, transferable, data-rich estate and asset plan. Discover powerful techniques for organizing assets, liabilities, insurance, retirement, and estate planning—plus expert tips on uncovering lost assets and building a lasting financial legacy.

Whether you’re a beginner or have experience with other techniques, this video offers valuable insights into structured financial mapping, utilizing web-based tools, and strategic planning for peace of mind. Don’t leave your financial future to chance—start your structured planning journey today!

Please let me know your request(s)- ‘Transform’ / ‘Worksheet’ / ‘Peace of Mind’ … all are available.

Simply enter your request via this ‘Chat-MRB’ link: https://tinyurl.com/2Chat-MRB

Your lost assets playlist link: https://tinyurl.com/FSLostAssets

“I assist families in converting complex and often disorganized financial products into a clear, visual presentation. My data-rich, easy-to-understand and transferable visual tool enables advisors, attorneys, CPAs, and family members better communicate intentions, as well as identify and pursue current offerings, options and opportunities.” – m.bogdan

HEY! Please watch the video in its entirety and help educate others. Let the YouTube algorithm ‘decide’ that the video is legit by watching until the end (retention.) Your retention will lead to distribution and distribution can lead to education. We’ll let Youtube educate more people. Pretty good & simple deal.

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Other resources:
‘All Thing FAFSA’ playlist: https://tinyurl.com/43hf97b9
‘How to Find Lost Financial Assets’ playlist: https://tinyurl.com/FSLostAssets

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Yes, I did catch your parents doing this and apparently it did take some time for them to perfect their technique and quite frankly they got pretty good at it. So what is it that we’re talking about here on the financial soup educational channel? We’re talking about financial situations that we map out that looks kind of disorganized like this to give it more organization structure like this to a final situation where it’s data rich- full of information and a lot of planning techniques are available. So this is a deliberate structured rearrangement of a family’s financial situation from a snapshot from today and putting that into focus for current and future work. So why do we need to do this or why do you need to do this? Well, there’s a true concern for our own family’s financial wellness and extended family’s financial wellness. And after having done this for many decades, I can tell you that financial legacies do not happen in a vacuum. Now, in a few minutes, we’re going to preview a transformation here and spend some time on a typical starting point like you see on the screen behind me here, snapshot we talk about here, and see if there’s some items in there which you can relate. But first, uh, request a copy of a final transformation by clicking the chat MRB link in the description below. ChatMRB, I am Mr. B. You chat with me. Give me the message transform and I’ll send you the PDF directly. Okay, with that, let’s start. So, just for clarity, this is a copy, a clear copy of a transformation that we’re going to send to you as an end result. But let’s get that down here and let’s take a look at a starting snapshot position. Now you can see on the titles we have here we have retirement, we have assets, we have college, we have tax returns, we have insurances, we have expenses, liabilities, estate tax, a lot of different items here. And also in the upper corners here, we have a little bit more descriptive things, but let’s go through a typical situation regardless. Here we have mom and dad or partners. He knows what she’s doing. She knows what he’s doing. Typically not. They need to be clarified. You may have business entities or some other things that need to be perhaps clarified and coordinated with these two or maybe one of them. Then of course you got the children who wanted to know what is going on in their financial future just in case something happens. So what we see here on a tax return typically the only thing that’s structured on something that we get into is a tax return simply because it’s mandated by law to file every year. But the things that don’t go into it well and a tax return is basically based on income. So how to protect income? You got different types of life insurance. You got permanent and temporary term insurance. You also have disability insurances, long-term and short-term, his and hers if they’re both employed. Liabilities, credit cards, car loans, mortgages, things of that nature, all should be itemized and minimized and characterized and eliminated. Assets, whether or not you have a house, rental properties, things of that nature. Uh if you’re buying Bitcoin, all the assets should be characterized. uh college, whether or not you’re saving for ugmas or utmas or banking or 529 plans, trusts, educational IRAS, things of that nature should be categorized and organized. Now, how to protect your assets? So, you got insurance is here to protect income. You got insurance here to protect assets. Homeowners insurance umbrella, automobile, commercial, dental health, long-term care, final expense, and investment insurance if you will for like annuities, estate tax. So you can see there’s a lot of different items here that can be filled in and they perhaps should be a little bit better organized, characterized and subsequently put into a total asset map type situation. But let’s take a look at the retirement here. In the retirement situation, we typically have two columns, his and hers or partners or whomever. Uh we got uh pension type capabilities where you have guaranteed income like annuities and social security. Uh we have 401ks, 403b IRAS, things of that nature that’ll be taxable as current income. Then you have non-t taxable stuff like Roth IRA and cash value life insurance. Again, what’s your number? How much do you need? Where you going to get from? What are the buckets coming from? And sometimes people get a little bit more of a tax free income based on your tax return on open investments. But again, all this is just the starting position of what you want to get into. Now get into something like this as a starting worksheet to start filling in. And these have all the different little things across the board itemization and how to get structure here. If you like a copy of this again, put in the uh link in the description down below. Hit the chat MRB link and say I want a worksheet. Give me that message and I’ll send this to you directly. So this is what we look at doing here is we want to take over from this take a snapshot get a worksheet going and then get over to the web-based data rich situation where this is a 2D layer if you will each one of these when you get into it you could click down in and see more details more taxation beneficiary information planning techniques signals across the board but for this presentation we’re just talking about flat form data making this data rich in getting a first degree of organization before any other planning techniques can be accomplished with due diligence and full education and awareness amongst the partners here. So what should you do now? Well, you should start got to remember a family legacy whether it’s a financial legacy or a financial survivability does not occur in a vacuum. This transformation is data rich. It allows for communications and planning among family members, partners, business partners, attorneys, CPAs, insurance agents, and other advisers. Now, don’t feel that you’re alone uh in this type of disorganized situation. What we find is that if you have a lack of total focus, you’ll see something like this. But we typically see more so are mini plannings across the board that might be a little bit disjointed, but they’re not basically complementing each other. Now, as an added case in point, maybe even a bonus, check out our Financial Soup YouTube channel where we have a playlist about lost assets, how to recover lost assets. It’s a multi- video description playlist that’ll help you identify whether you have savings bonds, life insurance contracts, annuities, refunds, bank accounts, pensions, and retirement accounts that were all under your name, but somehow got lost in the transitions that we all encounter during our lives. These searches can be done for you, your family members, both living and deceased. I currently have reports of people on the channel receiving tens of thousands of dollars of lost assets not been known. Some of them going back to the early ‘7s when young children had assets put under their name by aunts and uncles who have long since passed on. So check it out. The links in the description below and hopefully you’ll have some success. Yeah, as you can tell, I’ve been doing this for maybe 25 or 30 years, trying to get people’s uh finances in a systematic order. And I’ve been successful with that. But with this new technology, I’m really excited. Now, a lot of my colleagues have moved on, and I think they’ve given up on technology, but I still love it. As you might be able to tell in the background, u my education is in a technological field. And I love systems and structure, u, chemistry, mathematics, physics, electronics, all that stuff is just beautiful. and I love the YouTube aspect of being able to reach more people. So, if you want to understand your unique financial situation and develop strategies that work best for you, uh let’s do a little bit of a uh financial inventory aspect and see where we can take it at that point. You can simply hit the chat MRB link below in the description and let’s work towards peace of mind and financial control. So, if you hit the chat MRB link for maybe a second or third time, message me with peace of mind and we’ll take it from there. Okay.
Thanks.