Budgeting May Be A Painful Exercise, But Failing To Budget Is Even More Painful.

Sometimes clients tell me they don’t envy what I do—the sitting behind a desk and calculating capital gains taxes, considering the many factors involved in choosing one retirement plan over another, diversifying and rebalancing portfolios as needed. It makes sense that my clients don’t envy what I do—that’s exactly why they hire me. And let’s be honest, sometimes sitting down and setting a budget and tallying up monthly income and expenses can seem tedious and boring. Maybe you avoid budgeting…

You Don’t Have to Win the Lottery to Grow Your Wealth!

budgeting

You don’t have to be making mega-bucks in order to succeed financially. In fact, there have been many people with large incomes who did not put basic personal finance practices into play and suffered drastic consequences as a result. Many lottery winners, professional athletes, and high-earners have squandered their wealth by failing to adhere to time-tested money management skills. As a result they lost their fortunes and suffered personal losses as well. This phenomenon is not uncommon. When I was…

Latest Economic Outlook

I was recently asked by our local TV station to give an interview about the current economic outlook in lieu of a recent drop in the Dow Jones Industrial Average stock index. Here was my response: I don’t think there is cause for great concern right now. GDP is still strong, unemployment is low, and retail sales were up 2% in the last quarter. The volatility that we’ve recently experienced is a result of the trade war with China and…

Millionaire Success Secret #1: Implement a Viable Cash Flow Plan

budgeting

Budgeting will make or break you. Get it on paper and implement it. Budgeting is not only an important aspect of wealth-building, but a vital tool for it. Without a working budget you simply can’t win with money. Clients and friends ask me all the time how they can formulate a cash flow plan that not only works with their long-term goals, but is also attainable in their day-to-day lives. Here are a few key takeaways to help you construct…

10 Ways to Save $10,000 This Year

What would you do with $10,000 saved this year? Did you know that if you set aside 10k a year for 30 years, you’d have 1.2 million to retire with (assuming an 8% rate of return which is less than the long-term market average)?? Watch the second-half of our seminar below in order to help get your finances on track! We apologize that the first half of our seminar was lost unfortunately due to Facebook live difficulties and the sound…

Loving Your Career: Your Most Lucrative Asset

A common misconception among investors is that they’re going to get rich from their investments. While this can and does happen, investments primarily serve to protect and slowly grow one’s wealth. The most common way to grow your wealth and achieve your dreams is through your employment. In fact, for the average worker, investing in your education or career advancement offers you the single greatest ROI (return on investment) of all your other assets. While traditional investments require financial assets…

Affected by Flooding: You May Be Eligible For Low-Interest Federal Loans

Federal Loans

We at AFP recently received this helpful information from Roanoke City (via the https://nextdoor.com/) and wanted to pass it along to you. If your business or residence was affected by the disastrous flooding this past October then you may be eligible for low-interest federal loans. Read below for more information. Was your business, nonprofit, or property physically damaged by Tropical Storm Michael between Oct. 10 – 15? The U.S.Small Business Administration encourages businesses of all sizes, nonprofit organizations, homeowners and…

Choosing a Financial Adviser: What’s Important?

Choosing a financial adviser can have a lasting impact on your success in the future. How do you know who you can trust to handle your finances? With a combined 23 years in the business, we bring the highest level of service and financial expertise you can find. In this video, we share why you’ll want to choose our services. In short: We’ve saved clients thousands and tens of thousands of dollars a year when they implement our advice. You’ll…

5 Ways To Reduce Your Insurance Premiums Today

Insurance

Whether we like it or not, we all carry risks with us throughout our daily lives. We carry with us the risks of death, disability, accident, lawsuit, “acts of God”, and many others. Some of these we can live with, some we can minimize, and some we can insure against. Here are 5 action steps you can take today to lower the costs of your insurance and/or the probability of needing to report a claim. 1. Shop around. Insurance is…