Financial

Maybe you just came into an inheritance, received a settlement or gift, got a promotion, won the lottery, or simply refinanced your home. It feels like the world is your oyster. 

Or maybe you need to tighten your belt due to a loss in your situation. And life is looking a little bleak.

You want to be smart with your choices.

This is a great time to reassess your priorities and what’s truly important to you. We specialize in matching your financial situation to your values – that which you treasure.

In 2008, after starting my career over, the markets bottomed out. My business was starting over. My dreams of providing proactive strategic advice for clients was looking more like a mountain climbing excursion over Mount Everest rather than a hike up Lookout Mountain. 

I wish I could say my big financial change was winning the lottery. But like many Baby Boomers and Gen X-ers, 2008 was the first time any of us experienced a significant financial impact. I wasn’t worried about my investments. They were positioned long-term. It was the slow-down in my business that surprised me.

A comprehensive financial plan comes to the rescue.

I had to dig into the contingency plan I’d created. It was scary. I was amazed how things could turn so bad overnight. I felt vulnerable. Ultimately, I had prepared for the good, the bad, and the ugly. Knowing what to do, where I could access resources, and what impact they would have short- and long-term made a big difference. Understanding why I had made my decision (along with a dash of faith) kept me focused on the big picture.

Living on little means knowing where to look for opportunities. 

Living on plenty requires knowledge on how to preserve and plan for the unexpected.

We specifically focus on the following to leverage opportunities available to you and the stage you’re in:

⦁ Know who you are

⦁ Clarify your values, goals, and set expectations 

⦁ Confirm your standard of living and build emergency reserves

⦁ Review the risk/reward of your investments

⦁ Identify income sources and ways to build passive income

⦁ Diversify how you are taxed on various income sources for efficiency

⦁ Build foundations for personal risk management

⦁ Create financial models reflecting your current situation into the future 

⦁ Coordinate and collaborate with your other advisors i.e. accountant, attorney 

⦁ Ensure your estate passes as you wish

⦁ Share systems to keep you organized and tracking your progress

⦁ Stress test your strategy 

Looking ahead provides greater flexibility and improves your probability for success.