If you’re like most people, you check your bank account often. It would be nice to have some financial advice and guidance on handling your day-to-day inflows and outflows, money decision making processes, and implement some feedback ASAP.
This is not to be overlooked. Having an unrelated, unattached advisor listen to your money questions and provide unbiased answers can be life-changing. It sure sounds helpful. You didn’t go to school for this stuff! You deserve answers to all of your questions, especially the ones you’re afraid to ask because you think you should know them.
Who cares if you do the things you say you’re going to do? We do. We get paid to confirm you follow through on whatever changes you deem relevant to your financial situation. If you show up and do the work, it will be difficult to not have results. This is financial accountability.
Often the best mentors have a lasting impact on the actions you take and the thoughts you think. One of mine told me a decade ago, if you want good help, you have to pay for it. There are a lot of free options out there, but when everyone has a vested interest, it’s just different.
Most of us just look at our net income, which is what we take home. Then we pay our bills and spend what’s left over. Save some here, and save some there. Maybe 😉
From our perspective, it’s critical to know the details. Where are those deductions on your pay-stub going? How many bills get paid monthly, quarterly, annually? Do you know your annual savings rate? This is income analysis.
It’s not impossible, but quite hard to live debt free. How do you manage the ones you have? How can you plan to eliminate the ones you don’t want? Is there a correct order to paying things off?
And if you want a large debt, like buying a house or going to school, what’s the plan for it? Since debt is almost inevitable, you want to understand it and control it.
Savings is done on purpose, not by accident. There are many places to save, and many different amounts to save. There are times you can’t, and times you put away a lil extra. A savings action plan is one that gives you confidence that your expectations in the future can be met and exceeded.
What does the future hold? Totally unknown. However, if you keep doing what you’re doing, we can project your financial future. It won’t be perfect, but it’s something you can judge with a thumbs up or thumbs down. Retirement projections will add to your action plan. It will be a moving target, which is why we keep in touch and track everything on your personal website.
Should you keep renting? Buy a house? Upgrade or downsize? Most of us think about homeownership at some point. We will dig into what’s best for you, and fill in the gaps on all your outstanding real estate purchase questions.
There are many ways to invest your money and many types of investment advice. There are the obvious ones like real estate, stocks, bonds, ETFs, mutual funds, crypto, alts. What’s right for you? Are you considering further education or certifications to increase your income? Starting a business? We’ll talk you through it all as an unbiased partner.
