Certified Bankability Expert & Bankability Planner

Lucas M. Thomas, CBE ®

Founder and Owner of RHM Real Financial Planning

Introduction
Welcome to our comprehensive guide on bankability, a pivotal aspect of financial health that can significantly impact your journey toward financial independence and success. Bankability refers to an individual's ability or potential to secure loans, credit, and other forms of financial support from individuals and institutions. This concept is crucial for anyone looking to build wealth through the three pillars of financial stability: real estate, business, and paper assets. In this guide, we will explore the history of bankability, its importance in financial planning, and why working with a Certified Bankable Financial Planner is essential for achieving success in all aspects of life.

The History of Bankability

Early Concepts and Evolution

Pre-20th Century: The concept of bankability has its roots in the early days of banking and credit systems where lenders based decisions primarily on personal knowledge of the borrower and their business.
20th Century Advancements: As the financial markets evolved, so did the criteria for bankability. Financial institutions developed more structured approaches, including credit scores and risk assessment models, to evaluate potential borrowers.
Modern-Day Bankability: Today, bankability encompasses a comprehensive evaluation of financial health, including credit history, income stability, asset ownership, and investment savvy.

Milestones in Bankability

Introduction of Credit Scores: The development of credit scoring systems was a significant milestone that standardized how bankability is assessed.
Rise of Financial Advisors: The growing complexity of financial markets led to the emergence of financial advisors, who guide individuals on becoming more bankable.

Why Bankability Matters

Personal and Financial Growth

Access to Capital: Being bankable opens doors to necessary funds for buying homes, starting businesses, or investing in markets.
Better Financial Terms: High bankability scores often lead to lower interest rates and better loan terms.
Empowerment Through Options: A strong bankability profile empowers you by providing multiple financial pathways and options.

Economic Impact

Supports Economic Stability: Bankability helps maintain a stable and flowing economy by ensuring that loans are given to those who can manage them responsibly.
Encourages Investment: Bankable individuals are more likely to invest in and spur economic growth, leading to job creation and innovation.

The Role of a Certified Bankable Financial Planner

Certification and Expertise

Who is Lucas Thomas CBE? Lucas Thomas, a Certified Bankable Expert (CBE®), is renowned for converting hundreds of properties into cash-flowing rentals across the country. His expertise in creating and managing lucrative real estate investments has made him a pivotal figure in the financial planning industry.
Expertise in Building Wealth: These planners specialize in strategies that enhance an individual’s bankability, focusing on creating a diversified portfolio that withstands economic fluctuations.

Choosing the Right Planner

Track Record: Look for planners who have a proven track record of enhancing bankability for their clients.
Aligned Goals: Ensure their approach aligns with your financial goals and aspirations.
Comprehensive Planning: A good planner doesn’t just focus on one aspect of your finances but looks at your financial health holistically.

Cultivating a Bankability Mindset

Beyond Financial Success

Long-term Vision: Bankability requires a long-term approach to financial decisions, emphasizing sustainability over quick gains.
Holistic Success: A bankable mindset is about more than financial wealth; it encompasses success in all life areas, including personal fulfillment and legacy building.
Continuous Improvement: Constant learning and adapting are key to maintaining bankability in a changing economic landscape.

Conclusion

Beyond Financial Success

Long-term Vision: Bankability requires a long-term approach to financial decisions, emphasizing sustainability over quick gains.
Holistic Success: A bankable mindset is about more than financial wealth; it encompasses success in all life areas, including personal fulfillment and legacy building.
Continuous Improvement: Constant learning and adapting are key to maintaining bankability in a changing economic landscape.

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Real Financial Planning

Certified Bankability Expert & Bankability Planner

Lucas M. Thomas, CBE ®

Founder and Owner of RHM Real Financial Planning

The History of Bankability

Early Concepts and Evolution

Pre-20th Century: The concept of bankability has its roots in the early days of banking and credit systems where lenders based decisions primarily on personal knowledge of the borrower and their business.

20th Century Advancements: As the financial markets evolved, so did the criteria for bankability. Financial institutions developed more structured approaches, including credit scores and risk assessment models, to evaluate potential borrowers.

Modern-Day Bankability: Today, bankability encompasses a comprehensive evaluation of financial health, including credit history, income stability, asset ownership, and investment savvy.

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Milestones in Bankability

Introduction of Credit Scores: The development of credit scoring systems was a significant milestone that standardized how bankability is assessed.

Rise of Financial Advisors: The growing complexity of financial markets led to the emergence of financial advisors, who guide individuals on becoming more bankable.

Why Bankability Matters

Personal and Financial Growth

Access to Capital: Being bankable opens doors to necessary funds for buying homes, starting businesses, or investing in markets.

Better Financial Terms: High bankability scores often lead to lower interest rates and better loan terms.

Empowerment Through Options: A strong bankability profile empowers you by providing multiple financial pathways and options.

Economic Impact

Supports Economic Stability: Bankability helps maintain a stable and flowing economy by ensuring that loans are given to those who can manage them responsibly.

Encourages Investment: Bankable individuals are more likely to invest in and spur economic growth, leading to job creation and innovation.

The Role of a Certified Bankable Financial Planner

Certification and Expertise

Expertise in Building Wealth: These planners specialize in strategies that enhance an individual’s bankability, focusing on creating a diversified portfolio that withstands economic fluctuations.

Choosing the Right Planner

Track Record: Look for planners who have a proven track record of enhancing bankability for their clients.

Aligned Goals: Ensure their approach aligns with your financial goals and aspirations.

Comprehensive Planning: A good planner doesn’t just focus on one aspect of your finances but looks at your financial health holistically.

Cultivating a Bankability Mindset

Beyond Financial Success

Long-term Vision: Bankability requires a long-term approach to financial decisions, emphasizing sustainability over quick gains.

Holistic Success: A bankable mindset is about more than financial wealth; it encompasses success in all life areas, including personal fulfillment and legacy building.

Continuous Improvement: Constant learning and adapting are key to maintaining bankability in a changing economic landscape.

Conclusion

Beyond Financial Success

Long-term Vision: Bankability requires a long-term approach to financial decisions, emphasizing sustainability over quick gains.

Holistic Success: A bankable mindset is about more than financial wealth; it encompasses success in all life areas, including personal fulfillment and legacy building.

Continuous Improvement: Constant learning and adapting are key to maintaining bankability in a changing economic landscape.

Real Financial Planning