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10 Questions That Lead To Financial Success

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1) What is your financial goal?

  • Sample Answer: Accumulate savings so there will be enough lifetime income to retire

2) Why is it important for you to achieve this financial goal?

  • Sample Answer: Achieving financial freedom so I could have more resources for my family and more time to do what I have always envisioned doing.

3) What does it take to achieve?

  • Sample Answers: I’ll need to generate at least $5000/month of passive income.

4) How much effort are you willing to put in?

  • Sample Answer: I’m willing to save 10% of my monthly income. While keep track and monitor my progress on a quarterly basis.

5) What is your target date to achieve?

  • Sample Answer: When I’m 50 years old, which is 20 years from now.

6) What can be done to speed up the process?

  • Sample Answer: I need to start savings now. Rather than depending solely on my own contributions, I would invest my savings, so the money would be growing to speed up the process in achieving my goal.

7) What is stopping me from taking immediate action?

  • Sample Answer: I do not have good knowledge in financial matters. Although I have some frameworks about my current situation, I do not know exactly what should be done. And to be honest, I’m procrastinating, I avoid to deal with things that seems to be complicated.

8) What does it cost to not taking immediate action today?

  • Sample Answer: Either I would have to delay or I would have less money for retirement. Without proper planning and taking immediate action, it gives me a lot of stress whenever I think about my financial situation.

9) What can be done to overcome the above barriers?

  • Sample Answer: I need to get some help from professionals who could provide me with advice. Advice what are so simple and easy to understand, he/she will also guide me and help monitoring my progress on a regularly basis.

10) Where will you get the help you need?

  • Sample Answer: I will look for a financial professional who has great credibility and years of experience in helping clients in building an investment portfolios that tailor to their needs and risk tolerance.

Samuel Li

Hi, I'm Samuel Li. I started my financial advisory practice in 2005, assisting Canadians in growing their long-term wealth while protecting their assets. One area I specialize in is servicing families with disabilities. If you'd like to explore how I can assist you, feel free to email me at Samuel@SamuelConsultant.com

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