Let's Talk Money
Where To Start From
We all seem to hear the word invest and all the different investment options, yet there is not a clear step by step guide with simplified terms to get one started in the right direction. This is where we come in.
We play different rolls in the business industry as you go through life and work with your current attorney, accountant and/or confidant.
Let Us Be Your Buisness GPS
Orientation
In this introductory meeting, an agent will get to know you and your family or company. Your goals will be used to formulate a clear understanding (a road map) of where you are and where you want to be in the future.
Preparation
After the orientation, the agent will form a specific plan with a group of financial specialists tailored to your wants and needs.
Solution
After the plan is prepared, the agent will contact you to present the solution the team has come up with in order to address your concerns.
Let's Take A Financial Roadtrip Together
Not everyone has a financial background or has a financial advisor as a friend, most people get their advice from a work colleague who may know a thing or two. There are 5 types of finacial behaviors we see: Savers, Spenders, Debtors, Gamblers and Investors.
The Saver only works and saves, life passes and does not enjoy life. Spenders live in the moment with what they have, not to splurge what they do not have and never save for a rainy day. Debtors splurge and spend beyond their means, don't save and max out every credit card they can get their hands on. Gamblers are always looking for the quick get rich scheme, they save just enough, "borrow" or get in debt to hopefully get ahead. Investors are what we call the diverse group, they are the ones that have found the balance of financial literacy.
You Plan A Roadtrip For A Month But You Don't Have 30 Minutes To Plan The Future
So You Want To Build A House
Most companies will use a pyramid, the 3 bucket analogy, the financial house and/or the three legged stool explanation which is great, if it was simplified. For this senario, we will use the financial house: Foundation, Walls and Roof (that is it)
Foundation
This part is were you get your hands dirty and talk about things that might make you feel uncomfortable and second guess yourself. The foundation is plain and at times invisible but you know that without a good foundation, your house is likely to be unstable and crumble.
In the financial world this is refered to as PROTECTION SOLUTION, this is where life insurance comes in. (There are different types of life insurace products out there and some are being changed or updated, BE CAREFUL). This is the part where most people are vunerable, ask lots of questions and trust your gut. You can also reach out to us in order to do an assesment
Walls
This is were it gets intresting, your dreams are being slowly assembled, you start to see what flooring you will add, pick light fixtures and cabinets for the kitchen. You might even decide to spend more in certain areas cause the luxury or cost is worth it in the long run.
This area is most known and refered to as the ACCUMULATION PHASE, where you save for retirement, education, or start investing in real estate or even the stock market. Some skip the foundation and move to this one cause it is exciting, but as life changes you will notice that people will refocus on the foundation at a more costly rate. (note: you can also use the foundation as an accumulation tool)
Roof
This is where you breath and see your dream home built. You get to walk in and enjoy your home that you have dreamed and worked so hard to get. This is where you realize that all the hard work and sacrafice was worth it. Move into your home and live carefree.
This section is your retirement, you will be in the CONSERVATION PHASE, where you start to leverage and strategize your earnings from the accumulation phase. This is where you rollover your 401k or 401b if its beneficial for you to create a life time income so you don't outlive your money. Keep in mind that your other streams of income such as Social Security or passive income will be calculated as part of your financial need.
Why Do We Recommend Insurance As A Consulting Firm
We need to prioritize our objectives, we buy insurance to protect tangible things such as a house and/or car but fail to insure the most valuable irreplaceable asset we have; OURSELVES
Before you sign, look at the company's finacial rating to determine the company's finacial stability.
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