As fiduciaries, we always put our clients first.

1. Income: Take stock of your income sources, including your salary, investments, rental income, or any other sources of earnings.

2. Expenses: Evaluate your monthly expenses, including bills, rent/mortgage, groceries, transportation costs, debt payments, and discretionary spending. This will help you identify areas where you can potentially cut back or optimize.

3. Savings: Determine how much you are currently saving each month and what percentage of your income goes towards savings. This will give you an idea of your saving habits and potential for future investments.

4. Debt: Take note of any outstanding debts, such as credit card balances, loans, or mortgages. Assess the interest rates, monthly payments, and remaining balances to develop a plan for managing and reducing your debt.

5. Assets and liabilities: Consider your assets, including savings, investments, property, or any valuable possessions. Also, be aware of any liabilities, such as outstanding loans or debts.

6. Insurance coverage: Review your insurance policies, such as health, life, home, or car insurance. Ensure you have adequate coverage to protect yourself and your loved ones from unforeseen events.

7. Financial goals: Reflect on your short-term and long-term financial goals, such as buying a home, paying for education, saving for retirement, or starting a business. Understanding your goals will help you align your financial plan accordingly.

By assessing these elements, you will have a clearer picture of your current financial situation. This knowledge will enable you to make informed decisions. Cardinal Wealth Advisors will develop a personalized financial plan tailored to your needs and aspirations. 

As fiduciaries, we always put our clients first. We focus on exceeding expectations, simplifying lives and establishing legacies that last for generations.