THE ROADMAP

FINANCIAL PROFILE: PERSONAL CHECK UP

Before embarking on the road to financial independence and wealth, list and prioritize your financial goals.

Take inventory of your current financial situation such as financial assets, liabilities, income, expenses, net cashflow, debts, emergency fund.

Understanding your current financial position will help formulate appropriate strategy to remedy deficits and manage surplus available for saving and investing needs.

MONEY MANAGEMENT: STAYING AFLOAT

The financial profile check up review outcome will determine or trigger the need to create and put in place a cashflow mechanism or budget to:

- control spending,

- set aside money for saving and investing,

- indicates any need for additional cash inflow to create positive net cashflow.

Determination and disciplined mindset are needed, as discretionary expenses will be cut back to achieve desired net cashflow result of your periodic income more than the corresponding expenses.

All these steps and methodologies are foundation that will sustain you on the journey to building long-lasting financial wealth.

INVESTING: MONEY WORKING

As you control your finances through well implemented budget without revolving debt and other high-interest debt, the time is now to invest your budget surplus net cashflow, and put your money to work for you, and make more money.

While investing involve some risks or loss of principal, on this platform, our goal is to inform and educate you on the investing risks and steps to mitigate them.

This platform offers a range of investing philosophies, insights and strategies to attaining financial independence and wealth in the long run.

Investing approaches and management highlighted and discussed on this platform.

RETIREMENT: DESIRED LIFESTYLE

While in most cases, financial independence include having enough income after active-working years thus investing for retirement and desired lifestyle is paramount.

As people live more than 25 years after statutory retirement age of 66 or 67, a clear picture of what your retirement will look financially should be of great concern.

We will inform and educate you on various retirement investment vehicles and products and their suitability to meeting your retirement financial goals.

This platform will guide and help you to confidently invest for retirement with happy ending in sight.

TAXES: SAVING EFFICIENCY

Tax impacts your investment returns depending upon on your investment vehicles and timing of transactions in your investment account which may be taxable, non-taxable and tax deferred.

Investments held in taxable accounts can result in higher tax liability as the income, which comes from interest and dividends, is added to your taxable income for the tax year.

We are providing information to help your understand effect of taxes on your investments and choosing appropriate tax-saving strategies to minimize your taxes or maximize your take-home pay.

Consulting a tax professional will be highly helpful.

EDUCATION: KNOWLEDGEABLE INSIGHT

Investing in the financial markets (equities, bonds, indexes, commodities, options, futures, currency, alternative investments etc.) may appear easy, but complex if you do not commit to time and efforts to seek applicable and appropriate knowledge and skills to become a smart investor.

Our vision is to empower investors to be smart, savvy and strategic in their financial independence and wealth journey.

This platform will provide resources to support investors' education.

In search for investing knowledge and insight, consider the the following resources: books, blog, videos, podcast, seminars, webinars, local library etc. to learn and fine-tune your acquired skills.

Most brokerage firms have education resources for clients.

GOFAR EDUCATION COACH provides educational services to individuals or group of investors seeking direct knowledge acquisition.

COACHING: GUIDANCE

No doubt, financial investing is daunting and complex with associated risks for self-managed investors or aspiring one.

However, a financial or investment coach can provide guidance and help you reach your financial goals.

While your have the sole responsibility to make your financial and investing decisions, the will be there to support and encourage you on this journey as you go through the motions of financial market volatility, uncertainty and unpredictability.

Working with a coach will provide the opportunity to identify your strengths and weaknesses as investor.

The coach or mentor will also help you overcome observed shortcomings in your financial or investing philosophy, approach, skills and knowledge.

GOFAR EDUCATION COACH provides coaching services.

MENTORING: ACCOUNTABILITY

With your financial education and investing fundamentals as investor, it is important, especially for beginners and those with limited investing experience, to have experienced investor as mentor and role model.

They share knowledge, expertise, skills, experience to help develop, grow and consolidate your investing skills and technical know-how.

Your mentor will be positioned to provide you with critical feedback, engaging you intellectually, challenging your perspectives and assumptions, and holding you accountable for your financial and investing decisions.

GOFAR EDUCATION COACH helps interested self-directed investors with mentoring support.