Archive

Posts Tagged ‘wealth management’

Increasing Wealth Begins by Reducing Debt

October 8th, 2010
reduce debt, increase wealthIf you’re trying to plan for your retirement, your children’s education, setting aside savings or considering a plan to substantially increase your personal wealth, it all begins with eliminating or radically reducing your current debt load.

Sound impossible?

It’s not.

We’ve helped hundreds of clients who have come to us seeking advice and guidance to manage and grow their financial assets–and many of them have been saddled with debt, primarily credit card debt.

Because our services are highly customized to meet every individual client’s financial goals given their unique circumstances, we don’t advise blanket plans for reducing debt, but here are a few general tips that can help you start to tackle your debt–in particular your credit card debt–so you can save more:

1) Pay off MORE than your minimum credit card balance each month. This may not be new news–and it may be hard news to swallow on a monthly basis. Usually, the interest on a credit card is the highest APR you’re paying on any of your unsecured debt (and secured debt for that matter). You’ve heard the refrain before, but this is why it holds true, the sooner you pay off your credit card debt the better.

2) Enroll in 0% balance transfer programs if you can. If you qualify for a 0% interest transfer, you’ll be able to pay off the principal that much quicker that your current APR rate. Be cautious though of the plans you enroll in. The 0% interest may be for a limited time. So be aware of these time limits and if future interest rates could exceed what you’re currently paying.

3) Just say “no” to offers of higher credit limits. Despite these hard times and the temptation to take “the easy way out,” it really is in your best interest to avoid an increased credit limit altogether–and no credit cards if possible.

When our clients come to us looking for help to improve their financial circumstances, these are some of the guidelines that have proven helpful. Our goal is to help everyone who walks through our door achieve a state of financial fitness and a healthy perspective for their future. The first step begins by following at least one of the above.

If you have questions about how to achieve financial fitness, give us call at 817-479-9245 for a free consultation today.

COMPREHENSIVE FINANCIAL PLANNING OR BUST!

May 3rd, 2010

Financial planning is a must these days. At Robinson Wealth Management Group, Financial planning is associated building an objective plan with all necessary details for your future. Of course, we mean your financial future. Financial planning has certain principles which you should follow persistently to meet your objectives. In fact your goals can be quite different and they certainly depend on your particular situation. For instance you might have the only one desire which is send your children to a certain university. May be you only dream about your post – retirement period and do your best to prepare for it. Perhaps you only think about your new home. As you can see setting financial goals is the direct work of your imagination.

To my great regret most financial advisers can’t offer you a good comprehensive financial plan.  In many cases these “financial planners” are simply former sales people. And they are more likely to sell their products rather than offer plans for your consideration. So keep in mind that if your potential financial adviser starts with talking about different products then it means that he thinks about himself first of all and you are his secondary concern in this case.

So, if you need help with financial planning – then we seriously recommend you to call and allow us to give you a comprehensive Wealth management plan at Robinson Wealth Management Group and visit our web site with wealth management advice and other useful information as well as our FREE white paper on the Wealth Management Process.