How to Avoid Losing Money

losing money

Have You Ever Lost Money?

Well, I have and I don’t like losing money. Over the past 27 years, I’ve helped my clients avoid losing money. There’s usually about five areas where people lose money unknowingly and unnecessarily.

  • How you pay for your mortgage. You have a 30 year mortgage, you have a 15 year mortgage. You put a lot down. You put a little down.
  • What’s your interest rate?
  • How you pay your taxes.
  • How you fund your 401K. When I go to retire and I take my 401K out, what tax bracket am I going to be in? You have a partner in your 401K called the United States government.
  • How you fund major capital purchases like paying for your kid’s college or weddings, and how you fund major capital purchases like buying a car, interests on credit cards.

What Makes Me Stand Out

Today, I want to show you what makes me unique. Having a conversation with most financial planners, the conversation would go similar to this, and maybe you’ve had this conversation before. How much money do you have? Well, where is it? Oh, well we can do better than that.

Chasing interest rates is what a lot of financial planners out there do, but I have a very unique ability to help people avoid the losses because I believe there’s more opportunity in avoiding the losses in one’s financial life, than what there is in trying to pick the winners.

So, let’s look at an example. Let’s say your average income is $100,000 a year. You’re saving about $6,000 a year. Good for you. You’re saving money, and you’re getting a 5% return on that. If that’s the case, you’re getting $300 a year interest and your account is growing.

Now then, let’s say somebody comes along and says, “Hey, you’re only getting 5% on your money. I can do better than that. I’ll get you 6% on your money.” Now, you’ve got $360 going into your account annually as opposed to $300. A little bit of something is better than a whole lot of nothing, but that’s nothing to write home about.

What I Do

Let me show you what I do. If you’re making $100,000 and you’re saving $6,000, that means you’re living off of $94,000. That’s your lifestyle. If I could just recapture 1% of that, 1% of that money that’s going through your fingers and out the door every year, that’s $940 a year. That amounts to about a 15.67% return on your money with no risk. No risk whatsoever. Now that’s something to write home about.

That’s just an example of how avoiding the losses, money that you’re losing unknowingly and unnecessarily, works. If we could avoid the losses and bring that money back to the table, you’re going to have more money for your future, so that your future is more solid and you’re going to have more money to put into your lifestyle, so that the journey along the way is a pleasant one. Does that sound like what you’re looking for?

If so, then I’d love to have a conversation with you. Just give me a call or shoot me an email.

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