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.
TAKE CONTROL OF YOUR FINANCIAL STANDINGS
1
Pay Yourself First
put yourself and your family before any other obligation that you have
2
Earn Additional Income
to speed up your success, consider part-time work and build a second income
3
Adjust Your Lifestyle
Understand the difference between your "wants" and your "needs".Set priorities and develop a disciplined budget plan
4
Avoid The Credit Trap
Avoid the pitfalls of "plastic money".
buy only what you can afford and pay with cash.
5
Change Your Thinking
Change your financial paradigm by changing the way you think about money
6 STEPS TO FINANCIAL SECURITY
Increase Cash Flow
Debt Managment
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 assessable in a bank. Unfortunately, the only savings that the majority of people have is in their 401(k) or IRA, which is 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 a 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 transferrence 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.
FINANCIAL PRIORITIZATION
YourNeeds
Pass Along Assets
Charitable Giving
Business Continuation Planning
Estate Conservations
Consider Tax Efficiency
Prioritize Goals
Diversity to Reduce Risk
Overpower Inflation
Maximize Qualified Plan Contributions
Plan For
Major Purchases
Emergencies
College Education
Retirement
Protect
What You Earn
What You Own
What You Owe
What You Love
Progressive
Planning
Aggressive
Planning
Offensive
Planning
Defensive
Planning
PotentialFinancialSuccess
PotentialFinancialSecurity
THE WEALTH FLOW FORMULA
In the early years, since you haven’t had time to accumulate wealth, you must rent a substitute form of wealth
In the later years, since you need to protect against living too long and income taxes.
In the early years, you may need a lot of coverage.
You’d better have money
..in the later year, you may not
You may not have a lot of money.
Law of building Equality
Decreasing Responsibility
Today – Protect Income
- Young Children
- High debt
- House mortgage
A Loss of income would be devastating.
Tomorrow – Protect Wealth
- Grown Children
- Lower debt
- Mortgage Paid
Tax-Free lifetime income needed.
