Broker Check

“We may be very busy, we may be very efficient,

but we will also be truly effective only when we begin with the end in mind.”

Stephen R. Covey (Author of 7 Habits of Highly Effective People)

For many of us, our careers hold our identity. It’s how we see ourselves. It’s what we’ve invested time into, perhaps our whole lives into. Deciding to change that career, grow it bigger, or exit are decisions that warrant some pre-planning. 

Identifying a clear picture of your role in your work or business, relative to your personal plans, will ultimately keep you focused on a clear purpose and reinforce why you do it.

More than 10 years ago, I found myself frustrated by my industry’s focus on products. I found many financial advisors were reacting to their client’s life transitions rather than proactively planning for them. My company had great products, but I found people needed guidance with more than home purchases, saving for college, retirement, and death. At this point, I’d already been in my career for 15 years. Leaving meant losing my residual income and everything I’d worked so hard to build. Not to mention, I was a single mom.

Sometimes, things don’t go the way we plan. 

To make a long story short, I just cannot stay in something I don’t believe in. I researched companies, built my savings, and made a change in August of 2008. Right before the big stock market crash. Wow were the next 3 years tough. But I had a well thought out plan. And today I’m doing what I love.

Making a career shift, retiring, or managing a business requires proactive decisions.

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

For Individuals: 

⦁ Clarify your objectives 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 track your progress

⦁ Identify what you’ll move towards after you change or exit your career 

⦁ Stress test your strategy 

For business owners –

⦁ Strategize your best option for ultimately exiting your business

⦁ Grow Cash Flow 

⦁ Enhance value drivers understanding capital improvements, management team, systems and processes, and business structure

⦁ Leverage, reduce, or eliminate taxes by balancing your need for income, equity, and control of the business 

⦁ Review business value 

The more time you allow, the greater your probability for exiting on your terms and likelihood you’ll be able to handle contingencies in your financial plan.