Ronald Wares

What is cashflow modelling?

It’s the unknown that makes planning for the future difficult. Your life is full of lots of choices that can impact your financial situation. So how can you look all the way ahead to your later life with any kind of certainty?

This is where cashflow modelling comes in. Essentially, it’s a tool used by advisers like me to get an idea of how your financial future could look. I put in lots of data about you and your financial circumstances, and that lets me predict what could happen, and compare different scenarios against each other.

It means we can do things like: see whether you can afford to gift your grandchildren money towards their education, gauge whether your finances will last you into retirement, or understand whether you need to make some changes to achieve your goals.

Let me know if you think cashflow modelling could help you.

Once upon a time, I use to work in property and in sales. However after nearly 2 years, I realised I wanted to pursue something more fulfilling that allowed me to help people. Whether it be families, businesses or working professionals, I wanted to offer a service in which I could offer help, which I wasn't getting. After talking with my mentors, I realised I wanted to be a financial planner.

I understand the need to prepare for every situation and the desire to put your loved ones, your business or yourself in a better position. Which gives me the sense of fulfilment with what I do. At times financial planning can seem stressful and complicated, which is why I try to explain things as if I am talking to myself when I first started. So that my clients can be informed and feel confident in the decisions that they are making because of how well they understand it.

This extends beyond work, as I aim to help people in my personal time volunteering for things such as be staff at a youth group or leading a men's group. As for myself, I enjoy quiet hobbies like reading and journalling, sometimes I play the guitar and sing to myself. One thing I plan to do one day is write a book.