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 finance their home
- 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
Is your wealth in the house (equity) safe? Is it at risk? To answer that question you must first understand what we mean by safe. Let’s define safety as minimizing or eliminating the potential loss of the investment. Will Rogers once said, “Return ‘of’ my money is more important than return ‘on’ my money.” Your wealth
The most basic purpose of a house is to provide a place to meet our physical needs for safety and shelter and our social needs of family and community. We believe most people would agree that the house serves each of these purposes quite well. However, many people use the house in a way that
One of the biggest misconceptions many homeowners have is that their house is the best investment they’ve ever made. Let’s take a closer look. If you purchased a $250,000 house in 1990 and put 100% down (paid $250,000 cash), and sold it in June 2003 for $600,000, you would have realized a $350,000 profit, which