What are you worth?
Your financial planner knows very well that you are worth a lot
more than the net worth he calculates for you, but he has to
identify all your assets and liabilities in order to support you in
the achievement of your financial objectives. The information he
gathers will also allow him to draw up your personal financial
statements and make conclusions about them to guide you toward your
goals.
When we talk about finances, we are talking about cash flow,
balance sheet, budget, net worth, emergency fund…
Your financial planner can make projections concerning the
changes in your financial situation over time. He can help you
organize it, by suggesting strategies for optimizing your budget
surplus, for example, such as paying down debts before contributing
to a TFSA, or the reverse, depending on what best suits your
situation.