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Comprehensive Wealth Planning
Wealth Management begins with getting organized with your money. However, it doesn’t have to be an overwhelming amount of work. In fact, our goal is to make the whole process surprisingly simple yet thorough.
Imagine all of your finances organized into one simple and easy to read report which exposes to you the real strengths, weaknesses, opportunities and potential threats of your finances.
Fiscal Fitness can help you simplify your money in order to better help you create wealth with what you already have.
We begin the process with a simple conversation between you and one of our advisors. We have some specific questions which, based on your answers, can help us better understand the real desires of our clients. Once we have a better understanding of our client’s relationship with their money today and their goals for the future, we gather the rest of the information needed for getting organized.
We help organize your assets AND liabilities, and that’s what makes us different. We understand how liabilities (debt) can get in the way of building assets (savings/investments). In addition we review your investment strategy and insurance needs through our own software program called “Money Organizer Pro™”
Money Organizer Pro™
- Organizes the many moving parts of your monthly budget and sorts them into 9 categories.
- Gives spending guidelines for each category, based on your income and needs. (While these recommendations are just ideals, they can be altered by you and your advisor to fit your specific needs.)
- Net worth statement- See where you are and the steps you may need to take to get to where you want to be.
- Cash flow analysis- See how positive cash flow can help you create wealth
- Life insurance- Review and measure your true needs against your affordability
- Investment strategy review- See future hypothetical illustration graphs showing you where you may end up during your retirement years. (What’s even better is how the software can allow you and your advisor to make adjustments to your spending today to better help your future savings & investments).
- Four cornerstones- A solid foundation is crucial to prudent financial planning
- Month by Month guide- Gives you a month by month plan to follow to help you increase your chances of creating wealth with what you already have.
There are two kinds of interest; the kind you earn and the kind you pay. To create wealth, you must earn more interest than you pay each year.
Probably one of our more favorite aspects of Money Organizer Pro™ is how it exposes your assets and liabilities by measuring the interest you earn each year against the interest you pay each year. This illustration helps people see the real cost of their debt and how, if reapplied to their savings/investment accounts, it can create more wealth with what a person already has.
Money Organizer Pro™ is very helpful in helping our clients get organized with their money and if that’s all we do for a client in our first year together, we believe we are off to a good start with a good foundation to build from. The Money Organizer Program has a fee of $279.00 and it includes the above Money Organizer Pro™ report (approximately 50 pages) and the consultation with an advisor. If a more comprehensive plan is needed, we can then begin that process.
Investment Planning -Once organized, our financial planning process can become as complex as needed based on the clients specific needs and the fees for such work are commensurate with the work needed to be done.
Our philosophy is that of organization first, planning second, management third. We don’t believe that financial planning should be done without including management of both assets (investments) and liabilities (debt).
Life Insurance - Once organized, you and your advisor can better determine not only the amount of life insurance that may be suitable for you, but also the type of life insurance as well as the costs. It’s no secret that life insurance can help to provide the protection your family needs, but it may also give you confidence in knowing that your loved ones will be taken care of. Life insurance is more than just a product, that’s why proper planning should include a review of your life insurance needs.
Personal Financial Advisors - Our Personal Financial Advisors are financial professionals who enjoy the independence afforded them to make their recommendations based on their respective clients and not based on a company they work for. That’s because all advisors with Fiscal Fitness are independent. While they are part of the Fiscal Fitness organization, which not only gives them additional tools to serve their clients, they are also held to a high standard of service.
Wealth Building - Whether you are looking for a new mortgage loan, a life insurance plan or an investment strategy it’s important to get organized before you make your decision. Getting organized can help you see your options more clearly, and how they may affect your financial future.
Determining what wealth means to you is another topic and one you should spend some time deciding. Ask your Fiscal Fitness Financial Advisor for help.
Mortgage Planning - Wealth building is about making your money work for you to the best of your capabilities. One of the potential threats to wealth building is debt. While a mortgage loan may have potential tax advantages, a poorly structured mortgage may compete with your overall financial plan rather than complimenting it. For this reason mortgage planning is part of our service.
If a mortgage loan is on your list of needs, your Fiscal Fitness advisor will send your mortgage related information to a lending affiliate who will shop the market place for the most appropriate program and report that information back to your Fiscal Fitness advisor. If the advisor feels the mortgage loan may fit well within your overall plan, the mortgage loan may be recommended. If, however the loan programs you qualify for do not fit well within your plan, your Fiscal Fitness advisor will also guide you through your options.
Very Important- Using the equity in your home for investment purposes would be against Fiscal Fitness Financial & Insurance Services policy. Mortgage services are offered through Secure Funding Group.
