Taking control of your Financial Independence

01/01/2022

When you have a great opportunity, you want to jump on it, right? Well, that’s what an IRA (Individual Retirement Account) is. Make sure you maximize potential tax benefits and don’t miss out on a great opportunity.

You still have time. The deadline for 2021 IRA contributions is April 15, 2022.*

If you have already contributed to an IRA for 2021, great! L‌et’s s‌chedule t‌ime to e‌nsure your annual investment benefits h‌ave b‌een maximized.

If you haven’t contributed for 2021, I can help – let’s talk and make sure you don’t m‌iss the d‌eadline.

If you don’t have an IRA yet, I can walk you through the process and get you started. It’s easy.

Contributing to an IRA is a powerful money move. Take advantage of this opportunity b‌efore t‌he d‌eadline!

04/08/2021

A foundational key to financial independence is making sure you pay yourself first. There are even ways that you can pay yourself before Uncle Sam gets his cut.

The easiest way to do this is too create a automatic savings option from your pay. If you are able to get direct deposit, most companies will allow you to use multiple accounts. You don't have to do a lot either. Remember, small, consistent actions produce big results. This is the power of compounding.

Want to learn more? Reply below our message me to set up a confidential, customized and completely complementary review today.

03/31/2021

This is a fascinating question that could have a HUGE impact on your finances.

Should you buy a car or a rideshare?

An organization (I am not affiliated in any way) is seeking to answer that question.

Most people might think that they NEED a car. This is a result likely born out of advertising, business, and relatively recent tradition. However, if you actually sit down with an open mind, have an honest assessment, and do the math, you may be surprised at the results.

What are your thoughts? Use the calculator below to see if you should be ridesharing or owning a car. Leave your comments below.

A calculator to compare costs of owning a vehicle vs. using a TNC, such as Uber or Lyft

03/16/2021

Financial independence means many things to many people.

Does it mean freedom from living paycheck to paycheck?

Does it mean being able to make sure your family is fully protected from financial ruin?

Does it mean not having to beg your boss for a raise every year?

Does it mean getting your money to work for you instead of you working for it?

Does it mean taking a 6 month vacation twice a year?

What is financial independence to you?

03/14/2021

Do you ever feel like you're:
Living paycheck to paycheck?
One missed paycheck from financial disaster?
Swimming (or drowning) in debt?
Unable to save for the future?
Never going to be able to retire?
Not in control of your finances?

Are you ready to do something about it?

03/05/2021

What's more of a financial-downer than debt?

Two people's debt!

Everyone knows that money is the #1 cause of fights among married people. In fact, in a recent study, 48% of married people fight at least 1x a week about money. Another study concluded that couples that argue over money at least 1x a week are 30x more likely to get divorced?

If you are married, thinking about getting married, or in a relationship, there are some ways that you can start off your life together (or even if you have been married for a long time) to help:
1) Create a household budget and stick to it;
2) Pay down any debt that you have accrued BEFORE you get married (If Married - Put a plan together to tackle the debt);
3) Start saving for your future together;
4) Plan for the unexpected; and,
5) As a couple, create a total financial strategy

One place to start is to create a budget that you can both live with. Try to target the 50/20/30 rule. This is where you budget 50% of your income for living expenses, 20% for your financial goals, and 30% for flexible spending.

Want to learn more? I am going to set up a virtual event to discuss how you can set up your financial household. Interested? Give this a like or reply below.

02/26/2021

Do you worry about sending your kid(s) to college? Specifically, do you dread figuring out how to pay for it?

Everybody knows that college is expensive but do you know how much it will actually cost to send your child to college when s/he is ready? Did you know that the costs of education rise approximately 5% each year? That means that about every 14 years, the cost of college will double.

So, if you have a 3-year-old and the costs of a 4-year college are currently $10,000 a year, you should expect that when your kid is ready to go to college, the costs will be $20,000 a year for that particular school.

Do you have a plan to pay for this?

Perhaps the plan is to get a loan? Perhaps you are hoping your child will get a scholarship? Maybe you have a 529 education plan in place. The fact is that most people will need some combination of the above.

What is your plan? Add your comments below.

If I could provide you with a comprehensive, customized, confidential, and completely complimentary plan to help you reach your financial goals would you like to learn more? If so, message me.

02/25/2021

This one trick could save you thousands in interest payments on your credit cards

I help my clients make more money, protect their money, save their money and build their money. When I do this, the one area that has one of the quickest impacts is when I show them how to quickly pay down their debt without needing to consolidate or take out additional loans.

There are many techniques to do this and they go by several names, debt sn*******ng, debt avalanche, debt stacking...

Whatever you choose to follow, there is one very important thing you need to change in HOW you pay.

Most people today pay their bills online. Many of us set up automatic payments. When we do, there are some options that you can take. The first is to pay the minimum amount. With this chosen, the company will automatically take the minimum payment due. This is a good option as it allows the customer to satisfy the debt without incurring additional fees. HOWEVER, the company wants to be able to get as much money as possible from you via interest. So, what happens is that each time you make a payment, the minimum payment will go down (usually by only a couple dollars). However, this will extend the time you pay off the debt. Also, by the time you end up paying it off, your debt stacking schedule will be off.

So what is the one trick?

It is simple. Instead of using the option for the minimum payment, you want to use the 'fixed payment" option. So, if your current minimum payment is $25. You will set your payment to be $25 moving forward. Now, each time you make a payment, the amount will be fixed and you will pay off the debt quicker, which will save you money.

PLEASE NOTE: If you continue to use the credit card and your balance increases, you may need to change your fixed amount to match the minimum due!

Are you struggling with your debt? Would you like a comprehensive, customized, confidential, and completely complimentary plan to get you started on becoming financially independent? If so, message me, and let's schedule an appointment today.

01/20/2021

Holiday season is gone and Tax Season is here!

Everyone wants to forget about 2020. However, why not at least make sure you get as much as you can out of it before you give 2020 the official boot. Don't forget that you can contribute to an IRA up to April 15, 2021 to save on your 2020 taxes.

For 2020, the limit is $6000 ($7000 if you are age 50 or older)
You can choose a Traditional or a Roth IRA. Both have their advantages. You can even open one of each but the limit is based on the total. So, if you have both, you can have a combined $6000 ($7000 if you are age 50 or lder)

Did you know that you can open an IRA for your kid(s) and a non-working spouse as well?

Check out these tips.

https://smartasset.com/retirement/4-tips-for-opening-an-ira-before-the-tax-deadline

Want to set up an IRA or talk more? Message me or reply below to set up a customized, confidential, and completely complimentary financial review today.

01/19/2021

Almost everyone I talk with about finances, says the same thing. 'If I could only may another $###X.00 a month, we would be in good shape"

Sometimes it is a couple thousand. Other times it is just a couple hundred. In any case, the underlying situation is the same. Most people are living paycheck-to-paycheck. They can never seem to get ahead of their bills. As a result, they are frustrated, dismayed, and in some cases physically sick from the stress.

This has resulted in a big uptick in the number of people working on what is popularly called a "side hustle. In fact, over 70 million people have reported that they have a 2nd or even a 3rd job. Of them, 30% say they are doing this to be able to make ends meet. However, over 60% report that they are using the money for saving or for disposable income.

Whatever the reason, the point is most people need to make more money.

I wanted to let everyone know that I can help with this. I am currently looking for new associates to join my team. This is a great opportunity to learn about finances, increase your marketability (You will earn state and federal licenses), and help people get into a better financial situation.

The best part is that there is no experience necessary.
All training is provided (Online and/or in-person)
Earn while you learn
Work from anywhere (Virtually) that you are licensed.


Qualifications:
Must be 18+
Must be a legal resident
No Criminal Record
Must want to help people
Must be a good person.

This is a commission-based opportunity.

If you are interested or know someone who might want to learn more, message me or reply below.