If two financial advisors walked into the bar, the financial advice they give would be completely different.
Depending on the company they represent and experience, these advisors are going to offer advice on how to invest money.
What these two advisors have in common is that they both have an interest in investing people’s money to make their 1%.
This isn’t necessarily bad, this sort of financial advice benefits individuals with money to invest. These individuals are already financially healthy and can benefit from the ‘financial advisor’ bar discussion.
Those with money to invest can listen to the investors and decide where they want to invest. Everyone at this proverbial bar: the investors and the advisors, clink glasses and drink beer to the possibility of investment growth.
But what about the rest of us? Those of us that don’t have money to invest? For some of us, this is not a joke. The reality is there is no money to invest and so it doesn’t matter what type of financial advisor walks into the bar.
There’s no money to invest. Only debt owed.
There aren’t many financial advisors that will show you how to get out of debt. This is what I do. I am a financial advisor that will help you get out of debt and create a financial plan.
I educate, enlighten and encourage you to manage your money successfully. I help with your financial journey in a different way, I advise on your financial well-being. I help you:
- Save money
- Pay down debt
- Plan before making purchases
- Create a spending plan
I call these the 4 Financial Building Blocks to a Healthy Financial Well-being. I advise on how to create a plan by using these 4 Building Blocks. I do this without using the dreaded word “budget”. Budget is a bad word. I don’t like it. I help you develop a plan depending on your lifestyle and what you want out of your life. There is no budgeting; only planning and achieving your goals.
I help put your financial health in order.
The key to a happy life requires balance life. Balance can be broken down into the following areas:
These are what I call the 5 Pillars of Health, only when the five pillars of your life are in order, will you find yourself living a focused and purposeful life.
In order to achieve balance in the 5 Pillars of Health, you first need to focus on your finances, the 4 Financial Building Blocks:
Saving money is the main pillar and the key to a balanced life. The reason why we accumulate debt is always because of the lack of cash flow. This is why saving money no matter how small is paramount to a successful life.
Having debt to pay off every month is like an albatross around your neck or a shackle around your ankle, you can barely move. You think about your debt first thing in the morning, all throughout the day and it’s the last thing you think about before closing your eyes. In order to break free from this, you must pay off your debt as quickly as you can. The very worst debt is revolving debt, your credit card and lines of credit. You have to break from that shackle or albatross by creating a plan to pay the debt off, focusing on your revolving debt first.
- Planning Before Making Purchases
A lot of us are impulse buyers. We buy something because we see it and we want it. It’s why magazines and candy are at the check-out at grocery stores. There’s a psychology behind this. The grocery stores are hoping that you will buy the candy and magazines and give into your impulse tendencies. You get the immediate feel-good reward of having that magazine, but at the end of the month, you don’t have any money saved because you didn’t plan.
Planning is what determines your financial success and eliminates impulsive buying behaviour. You need to determine in advance how you are going to spend your money, and on what and when.
Regardless of whether it is planning a long-term purchase or planning a two-hour shopping spree, the planning aspect of money management is the major contributor to financial success. Having a plan eliminates impulse buying, because you know what you can afford and what you’re financial plans and goals are. Having a strategic plan doesn’t guarantee your success though. Very often, even when plans are prepared, they are not implemented. It takes effort, purpose and focus. Having a goal you are committed to is the first step.
The name speaks for itself. Create. You are the one formulating this plan, the choices of how and when you spend your money. It gives you a certain amount of confidence knowing you are making the decisions on how to spend your money. After creating your spending plan you feel empowered. You then make an effort to work with the financial decisions you made. It takes time to make this spending plan. You have to invest time. Managing your money without a spending plan is like going to an unfamiliar place with no GPS. We all need a spending plan in order to navigate our goals.
If you would like help with your own financial journey and goals please contact me. I am passionate about helping others with their own financial plans and will help you for free.
Contact me at; firstname.lastname@example.org