Preview Mode Links will not work in preview mode

15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810. 

Advisors of Horizon are Registered Representatives of Cetera Advisors LLC, a broker/dealer and Registered Investment Adviser.

Dec 19, 2017

Completing the Scorecard


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—they 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’ll 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 – The Confidence Wealth Scorecard rates you on eight different categories
  • 01:22 – Today, we are going to be talking about “Sharing Your Success”, “Coordinated Plan and Vision” and “Leading a Balanced Life”
  • 02:35 – 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 – A score of 1, 2, or 3 is for someone who consumes all their finances without putting anything aside for charity or their grandkids’ education
  • 03:38 – This mindset is either due to greed or genuine scarcity
  • 04:38 – Volunteering is a good first step that involves devoting your time and not your financial resources
  • 05:09 – 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 – Someone who can resort to better budgeting to plug leakages
  • 07:12 – 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 – You are probably in a comfortable position and could be doing a bit more
  • 09:12 – 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 – Someone with a GROWTH mindset
  • 10:41 – We discuss the next category: overall coordination plan and VISION
  • 11:00 – 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 – If your spouse and you do not know what the plan is, there is NO PLAN
  • 12:55 – If you have purchased financial products, have the basics covered but do not have a formal written plan—you will be rated a 4, 5 or 6
  • 13:38 – Absence of a coordinated plan for a successful financial future
  • 14:35 – Bear in mind that without a plan, you fail
  • 15:27 – 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 – 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 – A high portfolio overlap will not render you immune from market volatility
  • 18:00 – 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 – A GROWTH mindset where you are continually looking to improve
  • 20:14 – We discuss the next category: “Leading a Balanced Life” which is about achieving a work-life harmony
  • 20:24 – A score of 1, 2 and 3 is for someone who constantly works and is in continually thinking about business
  • 20:54 – Having free time helps your rejuvenate and helps you think better
  • 21:48 – 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 – Team building and partnering with other people will help you improve your life quality
  • 23:22 – 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 – You are still more involved in the business than you should be
  • 24:55 – 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 – You are free to devote time to the causes that are important to you
  • 26:56 – A person whose desires extend beyond work and family to the community and world
  • 27:20 – We have gone through ALL eight categories now
  • 28:12 – Reach out to us if you wish to move your score up to the top bracket
  • 29:27 – Every category and box in the scorecard has a solution that can be personalized to you which will ultimately increase your CONFIDENCE
  • 29:48 – Check out our website to know more about our team and our various services


3 Key Points:

  1. Cultivating a GROWTH mindset is necessary to optimize your wealth.
  2. Absence of a formal written plan only leads to failure—make sure you have a plan in place.
  3. 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.