Our Financial Strategy
There are six steps we need to take to ensure we reach our financial goals. However, before we fill out a financial questionnaire, we must first determine what we want in life and when we want those things to become reality. Once we've determined what we want, we then fill out the financial questionnaire. This step by step process will help us determine where we are currently at, and help us make adjustments to ensure we reach your life goals.
"MOST PEOPLE NEVER PLAN TO FAIL, THEY JUST FAIL TO PLAN"
INCREASE CASHFLOW
Improving cash flow is an essential part of financial planning.
We start by identifying expenses that can be reduced, eliminated or optimized. Then we identify opportunities to increase revenue.
DEBT MANAGEMENT
If you have a mortgage, auto loans, credit card balances, student loans, or other financial obligations, we put you on a plan to be debt-free within the next 8-10 years, including your mortgage.
EMERGENCY FUND
To properly plan and be prepared for emergencies, 3-6 months of net income should be in reserve and accessable in a bank. Unfortunately, the only savings that the majority of people have is in their 401(k) or IRA, which are subject to restrictions and penalties for early withdrawal.
PROPER PROTECTION
The majority of Americans do not have enough life insurance nor do they have the right type of life insurance for their family's needs. Furthermore, as the cost of healthcare rises and we are living longer, most people are not prepared for the costs that are associated with chronic, critical or terminal illness.
BUILD WEALTH
Long-term savings must outpace inflation and minimize taxation in order to achieve financial success. We educate clients on the many options available.
PRESERVE WEALTH
A successful financial plan includes a strategy to reduce or eliminate estate taxes upon the transferrance of wealth from one generation to another. We use the tools and strategies of the wealthy to help Middle America keep its hard-earned money in the family.