My mission is to leave no family behind! And I am here to provide financial education to everyone.
Understanding how money works and how you can make money work for you is important to being financially free. Knowing how and where to save your money and how your money is taxed is key to ensuring you keep more of your hard earned cash in your pocket!
Some basic financial information that we provide includes but not limited to
Financial Needs Analysis
The first step in beginning your financial planning is to analyze your finances.
A Financial Needs Analysis will identify your assets, liabilities, your income and your expenses. Once you’ve completed an FNA, you will get a sense of how much you are earning and what you are spending your money on.
This is also a great way to start building and maintaining a budget!
Debt and Cash Flow Management
Working on an FNA will identify what areas you need to work on such as paying down debt and creating more cash flow.
Based on your personalized FNA, we can further develop financial goals and a plan to pay off debt and improve your cash flow.
Savings Strategies
As a general rule, we should save enough money to cover at least six months worth of our expenses.
With your finances are in order and a review of an FNA, you will discover what you need to do to save money and reach your goals.
I am here to teach you about different ways to save your money and how to grow your money.
Retirement Planning
Nobody wants to work in their 60’s and 70’s, but sadly many find that they have to keep working to survive. This is exactly why Planning for retirement is necessary.
As part of your personalized FNA, we can take a look at your current retirement plan to make sure you are on track!
If you don’t have a plan and feel it might be late, we can look at options to help you get started, and maximize your wealth and grow your retirement funds.
Part of having access to financial education is that you will learn how taxes play a role in different retirement plans, and how you can minimize taxes.
Income Protection
Protecting your family when you’re no longer here is income protection for your family.
No one wants to think about death but you need to think about what could happen to your family when you pass away. Will your family be financially stable without your income? Or will they have to sell the house and car to make ends meet?
Insurance is a very important part of protecting your loved ones when you’re no longer here. Together, we can sit down and discuss various types of insurance products that will best suit your needs and goals.
Long Term Care
Have you ever had to hire a caretaker for a loved one because they need assistance with daily living? Long term care is a valuable solution that is meant to help you with a situation such as this.
Long term is expensive and it is not normally covered with the usual medical insurance. That is why we need to learn about products that cover long term care.
It’s also beneficial to find coverage when you are young to take advantage of low premiums.
These are only a few ways that financial planning can help you become financially independent.
Personally, I’ve added protection for my family with a Indexed Universal Life policy and have taken advantage of the tax benefits of a Roth IRA.