Wealth Planning - Where Do I Start?
Where Do I Start?

How you start your journey to financial independence depends on where you are and what’s prompting you to begin. If you’re thinking it’s time to “get your financial ducks in a row,” then self-education, available through the LEARN section of CuVantis.com, is a great place to start. If your questions are more specific or complex, then self-education is still important, but you may also need the help of a professional financial advisor. Guidelines on how to find one you can feel comfortable with are available on our “Working with an Advisor” page.  But since either path includes education, let’s start there.​

It is often said that “the rules of personal finance are simple, but they’re not easy.” That’s because the basic concepts are not overly difficult to grasp, but they do require discipline, self-education, and diligence. One tool that many have found helpful in understanding the basic concepts of personal finance is the Financial Planning Pyramid. The Financial Planning Pyramid is a simple navigational tool that illustrates each of the key areas of personal finance and helps you prioritize where you should focus. ​

While the foundational elements aren’t necessarily exciting, establishing a strong foundation can help prevent unexpected life events from derailing your long-term goals. Here’s a quick look:​


Financial Planning Pyramid


Personal Balance Sheet – A simple listing of all your assets versus all your debts. Your Net Worth can be found by subtracting your total debts from your total assets. Put another way, it is what you own minus what you owe.​

Personal Cash Flow Statement – Similar to the balance sheet, but the cash flow lists all your income versus all your expenses over a given period of time.  This will tell you if you’re living within your means. ​

Emergency Fund – Typically a basic savings or similar type of account with 3-6 months’ worth of living expenses that can be used to handle unexpected expenses or short-term interruptions to income. ​

Insurance Protection – Life, health, disability, property and other types of insurance to protect your finances from the strains of medical bills, accidents and other unexpected events.​

Investment Planning – Understanding the different characteristics of various investment vehicles and determining when each may be appropriate for a given goal.​

Tax-Planning – Analyzing a financial situation to implement strategies that minimize taxes. ​

Retirement Planning - The process of determining retirement income goals and the actions necessary to achieve those goals.​

Estate Planning – The preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death.​

Life Planning – The process of creating a plan to use your financial and personal resources to create the life you want.​

More information and calculators on each of these topics can be found in the Learn or Plan sections of www.CuVantis.com.  For further assistance, contact us to schedule an appointment with one of our advisors.​

The information presented here is for educational purposes only and should not be considered financial, tax or investment advice. Please consult a qualified professional.​

Non-deposit investment advisory products and services are offered through CuVantis Wealth Planning, LLC, (“CuVantis”), a California Registered Investment Advisor. Credit Unions have contracted with CuVantis to make non-deposit investment advisory products and services available to credit union members.  Investments offered through CuVantis are not federally insured, are not guarantees or obligations of the credit unions, and may involve investment risk including possible loss of principal.  Investment Representatives are registered as Investment Adviser Representatives of CuVantis. Advisory services are only offered to clients or prospective clients where CuVantis and its representatives are properly licensed or exempt from licensure.​

For a complete description of investment risks, fees and services, please review the CuVantis firm brochure (ADV Part 2A) which is available from your Investment Advisor Representative or by contacting CuVantis at info@cuvantis.com or (619) 535-7680.  Additional information about CuVantis is also available on the SEC’s website at www.adviserinfo.sec.gov.​

Check the background of your financial professional on FINRA’s BrokerCheck or at www.adviserinfo.sec.gov​