Feb 1, 2018
Your Financial Matrix
In today’s 7th episode of the Confident Wealth Podcast, Bill
Bush and Pete Bush from the Horizon Financial Group of Baton Rouge,
Louisiana discuss the value in utilizing an internally developed
tool called “Your Financial Matrix.” Learn all about the benefits
of the seven categories of this financial planning strategic device
which are: Cash Flow an Budget, Investment Planning, Retirement
Planning, Income Tax Planning, Risk Management and Insurance,
Estate Planning and Charitable Giving, and Assistance to Others.
Bill and Pete will get you up to speed on the importance of
customizing your wealth-building methods to your particular
Time Stamped Show Notes:
- 00:56 – Bill Bush and Pete Bush start the discussion on the
multiple components of building wealth.
- 02:26 – “Your Financial Matrix,” developed by Peter Bush,
spells out financial situations the Horizon Financial Group can
- 03:15 – The 7 Categories of “Your Financial Matrix”: Cash Flow
and Budget, Investment Planning, Retirement Planning, Income Tax
Planning, Risk Management and Insurance, Estate Planning and
Charitable Giving, and Assistance to Others.
- 03:31 – 1.) Cash Flow and Budget: a foundational part of a
person’s financial plan because it is out of discretionary cash
flow that they can save, buy insurance, and help other people.
- 06:22 – Sometime during 2000 Horizon Financial Group shifted to
the holistic planning model and fee-based planning.
- 08:32 – 2.) Investment Planning: major factors that effect this
include: risk tolerance, time, volatility, taxable vs.
tax-deferred, and asset allocation.
- 11:25 – 3.) Retirement Planning: factors to consider include:
business exit strategy, social security, Medicare, and withdrawal
- 14:36 – 4.) Income Tax Planning: make sure that you are
maximizing deductions. Look at your tax return from a financial
planning standpoint instead of a tax standpoint.
- 17:54 – 5.) Risk Management and Insurance: you are guarding
yourself against catastrophic potential risk. Look for old policies
that are not needed, too expensive, or outdated.
- 20:40 – 6.) Estate Planning and Charitable Giving: trusts,
setting up powers of attorney, estate taxes, giving to your
favorite charities, and wills fall under this category.
- 23:17 – 7.) Assistance for Others: this category can apply to
preparing for your kids to go to college, or assisted living
facilities for your elderly parents when they can no longer take
care of themselves.
- 28:08 – The closing credits
3 Key Points:
- Key factors that have an effect on investment planning include:
risk tolerance, time, volatility, taxable vs. tax-deferred, and
- Factors to consider with retirement planning include: business
exit strategy, social security, Medicare, and withdrawal
- With charitable giving and estate planning, you are dealing
with trusts, setting up the proper powers of attorney, estate
taxes, giving to your favorite charities, and setting up your
- “Cash flow and budgeting, very, very
foundational to someone’s financial picture.” – Pete Bush.
- “For the most part, everybody’s accumulating
wealth in the value of their homes and their 401K plans.” – Pete
- “There’s a lot of different components to
your money and financial life, more so than just your retirement or
your investment portfolio.” – Pete Bush.