FINANCIAL CONSULTING STRATEGY
FINANCIAL CONSULTING
Where should I place my money now? What steps should I take first to protect my wealth? Who can I really trust in today’s environment? How can I bullet proof my wealth in wake of the challenging horizon that we are all facing now and in the future? How do I prepare my children for financial success? What should I do to deal with this ever-changing environment? Is there anything I can legally do regarding paying so much in taxes? Where should I begin in light of my circumstances now? I specialize in helping organizations and individuals in the process of creating, protecting, and growing wealth……
Essential Keys to Financial Success
RISK MANAGEMENT
Managing the risk that we all face in life lies at the foundation of building a strong financial model. The possible loss of your life, the possible loss of your ability to earn an income, your vulnerability to sickness and disease, getting home alive daily across the dangerous highways, and other things require preparation before they happen. If you begin to create wealth and ignore this step you could lose it all in a day. Each area of risk must be managed carefully and then decisions made to ensure that it is mitigated properly.
ACCUMULATION
Accumulation covers everything from saving on a systematic basis before you begin your spending, ensuring that you have six months to a year’s income in liquid cash, to having funds available to take advantage of any opportunities that you might encounter, having cash for emergencies should they arise, and growing wealth that is a benefit both right now and in the future. Fulfilling the accumulation area is more than putting money aside: it encompasses our thinking and our attitude about wealth accumulation.
MULTIPLE STREAMS OF INCOME
The days of working one job for 40 years and having all of your needs met, then retiring with the gold watch and having enough money to last you the rest of your life at the company’s obligation-are over. During the technological age in which we live having one income is not only risky but it’s dangerous. Having multiple streams or sources of income will be critical to financial success in the future. Knowing which streams of income to pursue, where you can efficiently make money, and being involved in your passion and interest are all a part of creating multiple streams of income. This has to be a part of your financial plan as well as all of the other areas that I’ve covered.
KEEPING WEALTH IN MOTION
Keeping wealth and motion not only involves money, but every other kind of asset as well. It can include real estate, gold and precious metals, diamonds and precious stones, business interest, intellectual property, and many other things. We hear a lot about investing, which is important-but we hear very little about the velocity of assets, which is the speed at which assets move and multiply themselves. The sooner and the more wealth that you have in motion, you will greatly increase through the creation of even more wealth.
STRATEGY FOR INTEGRATION
A big mistake that is often made is that we make micro-financial decisions without paying attention to the macro-financial aspect that brings ultimate results. We make dozens of money decisions on a regular basis; however if there is no way to measure each decision with the understanding of how it impacts the other ones - we can be doing the right things from the micro perspective while simultaneously creating a disaster from the macro perspective. It is not necessarily an easy thing to ensure that this happens. One needs a strategy from design to accomplish this goal.