Are you where you want to be financially?
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This is a very important question to ask yourself and if the answer is "no" then it makes sense to seek out some education to get to where you want to be.
We excel at helping you... - Increase savings performance - Reduce your tax liability - Feel confident in your financial future |
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Our company partners with the leader in the finance and technology space. We present compelling evidence, so our clients can make great informed financial decisions.
Our partnership with WealthWave allows us to provide the best digital financial content in the industry.
Our partnership with WealthWave allows us to provide the best digital financial content in the industry.
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We use that content to teach people how money works; how to make money, how to save money, and how to reduce income taxes.
Contact us to find out how to receive your copy of, How Money Works, a financial book unlike any other book of its kind. |
Following are The 7 Money Milestones to develop a solid financial strategy.
1. Financial Education
Before you start making decisions about your money, it is important to have a proper education. A great start is reading the book, How Money Works, then having a discussion with a financial professional that thoroughly understands the concepts in the book (unfortunately not all do). While you are waiting for your book to arrive, go ahead and take the How Money Works Challenge.
2. Asset protection plan
What is your most important asset? I hope your answer was "me." Why, because you are the vehicle for bringing income to your financial strategy. The best way to protect this asset is with a strategy that will provide for a loss of income. Most people do not hesitate to insure their home or automobiles, but when it comes to income, they generally do not even know where to start. This is where we can help you navigate these waters and provide you with education so you can make the right decision for yourself and your family.
3. Develop an emergency fund
Another important part of a sound financial strategy is to have an emergency fund. Having this money available will allow you to deal with unexpected expenses. Actually, they shouldn't be unexpected because they will happen; we just never know the time or place until they do. Having an emergency fund will take the stress out of finances and give you peace of mind.
4. Get Control of Spending and Debt
The first step to any successful financial strategy is to control spending and eliminate consumer debts as soon as possible. Consumer debt is a big obstacle to reaching your financial goals. Understand the power of compounding and The Rule of 72. This rule explains how long it takes for money to double at a particular interest rate. It is also used to determine how long it will take to pay off a certain debt at a particular interest rate.
5. Establish positive cash flow
Next is to establish positive cash flow. We all have cash flow, but it is imperative to have positive cash flow. This is done by managing expenses through a proper spending plan and sometimes it will even require earning additional income. Positive cash flow is the foundation for a solid financial plan and we can help you with managing your expenses as well as options for developing additional income.
6. Create a wealth building plan
This is done by protecting your principal, outpacing inflation, and continuing to save. Use time to your advantage, it is never too late to get started on a good financial strategy; the older you are however, the quicker you must act in order to reach your financial goals.
7. Learn how to preserve your estate
Once you have developed a plan, generated some assets, and built some wealth it is time to ensure it is all protected. One of the best strategies to preserve the wealth that you have worked so hard for is to reduce your tax burden. That is where we excel, by providing you options that you likely have not heard of so you can look forward to retirement to do the things that matter most.
If any of this information is of interest to you, or you just want to know more about becoming more financially literate, let's start a discussion.
All strategies presented are based on the accuracy and completeness of the data provided by our clients. The strategies presented use sources that are believed to be reliable and accurate, although they are not guaranteed. Discuss any tax, legal, or financial matter with the appropriate professionals. Neither the information presented or any opinion expressed constitutes solicitation for the purchase or sale of any specific product or financial service.