Improving Financial Health
Have you ever wondered if success with your finances is just a lottery ticket? One person gets a ticket and no matter what he does he is successful and another person gets a ticket and no matter what he does he’s doomed to failure?
The Wall Street Journal recently reported that 70% of Americans live paycheck-to-paycheck, regardless of income.
USA Today recently reported that 76% of Americans have less than 6 months’ living expenses in emergency reserves and 24% of Americans have NO emergency reserves at all.
Financially, we spend most of our time making money, but little to no time learning how to master the use of it. We help our clients reduce their stress around money by showing them how to keep more of what they earn, thus increasing their monthly cash flow. We do this by identifying areas where they may be transferring their money to others unknowingly and unnecessarily, and developing a strategy that reduces or eliminates those transfers. Some wealth transfers are avoidable and others can only be minimized.
We find that people tend to lose money in the following areas:
- How they choose to structure and pay for their mortgage
- How they choose to pay their taxes
- How they choose to save for retirement
- How they choose to save for higher education
- How they choose to pay for major capital purchases
There are two ways to fill up a bucket that has holes in it. The first is to plug the holes and the bucket will fill up, even if the flow is a trickle. The second is to pour more in. Which one of those two financial strategies do you feel the financial institutions have had you employing in your current financial position?
We believe that we can have a bigger impact on your financial future by helping you avoid the losses rather than helping you pick the apparent winning investments. It makes little sense to have a million dollars only to discover you lost a million along the way.
Strategy Makes The Difference
We offer the same products as other firms. However, financial success is not achieved through a product. Financial success is achieved through the implementation of, and adherence to, a comprehensive financial strategy. The financial products that captivate our attention are usually the products that promise to pay the highest rates of return. However, the products that offer safety, liquidity, preferential tax treatment, leverage, and collateral opportunities may be far more valuable.
Click here to see what our clients say makes us different.
From The Wise & Wealthy Blog
The greatest impact you can have on your monthly cash flow is to identify any unintended wealth transfers and take steps to minimize or eliminate them. And therein lies the problem. Most people are making unintended wealth transfers unknowingly and unnecessarily. We find that people tend to lose money in the following areas: How they choose
An unintended wealth transfer happens when you spend more money than you would have spent if you had known there was a less expensive alternative. Unintended wealth transfer is synonymous with wasted money. If you spend a dollar that you did not have to spend, you not only lose that dollar, but what that dollar
I was recently interviewed by Gary Collins, creator of the Primal Power Method, for a video blog series he is doing on financial health. Gary created the Primal Power Method to help people make educated decisions concerning their health. The Primal Power Method focuses on nutrition and exercise, but is also about pursuing a truly