How to choose the right boxes for your money.

A 5 to 10-minute read – depending on your speed.

This is the second of four Insights on how to choose the right boxes for your money.

In this series, we’ll equip you with an eight-point checklist for assessing any financial product (or strategy) that anyone could ever put to you.

And we believe this is a checklist you’ll never want to forget.

Where we’ve been and what’s ahead.

In the first Insight, we saw why a solid checklist is essential for deciding between the overwhelming choice of money boxes and strategies available.

We also explained how this money-box-selection task is just part (and not the start) of the financial planning process.

To design a good financial plan, you start with ideas about your personal life goals.

It’s what you want to have, become or do – the things that really matter to you – which will determine the money boxes you need.

So, if you’ve not yet done so, read that first Insight before this one.

In the next two Insights, we’ll dig into the details of our eight-point checklist with examples of how each check can help you choose the right boxes for your money.

First, in this Insight, we’ll outline the checklist and offer you guidance on how best to use it.

Remember that tens of thousands of people (worldwide) lose their life savings to scammers and fraudsters every year.

So, a sound checklist could save your financial life, or those of your friends and family, if you share this series with them.

Now, let’s get into this.

A checklist you’ll never forget 

There’s no priority order for using our eight ‘FILTRATE’ checks.

They’re only in this order to help you recall them when:

1. You next need to decide on which money box to use.
2. You talk about money matters with friends and family.

If you can remember the word ‘Filtrate’, you can remember this checklist. 

You might not remember the details, but you’ll remember there are eight (filtrate) checks and, hopefully, where to find the checklist when you need it.

The keyword for each of our eight checks begins with one of the letters in FILTRATE – which fits perfectly with the aim of finding good homes for your money and filtering out the rubbish.

Here, in outline, are the eight filtrate questions to ask about any money box (or strategy) that anyone could ever put to you.

For financial advisers, planners and coaches

This educational Insight is one of many we’ve created for you to use under license in your business to help more people make better financial decisions – and see the value of professional advice.

You can brand these licensable insights to your business style and add your own firm’s calls to action.

If you have any questions, please email me at hello@paulclaireaux.com