When you owe money, it is often for things that no longer exist. It could have been – Dinner eaten at a restaurant a month ago – Clothes that went out of style last summer – A Ski vacations taken in last winter’s snow (likely credit card purchases). The pleasure may be long gone, but the discomfort of paying still lies ahead. With this burden of the past on your shoulders, you find it hard to move into the future.
You shuffle along like a slave in irons, forced to pay for yesterday’s spending with tomorrow’s work. If you owe an amount equal to your annual revenue, for example, at an interest rate of 5%, you will have to devote more than one working day in 20 just to pay the interest on the debt. I say “more than” because you have to pay the interest with post-tax money.
Our advisors can help you change this downward spiralling pattern if you’re interested.
If you want to work on a plan to be debt free – where you control your destiny please enquire below.
Life between 30 – 50 usually has time and energy spent raising families and building careers. This is exactly why this period of all our lives is the most important time to establish a solid financial strategy – ensuring the security of your family’s future.
Some family issues may include:
Building a nest egg for your kids or funding their education
Getting important items documented or transferring the risk of unplanned events
You could even be starting a new business and need access to some advice.
A good financial planner can assist with many of these topics.
Check out the “about us” section to see if you feel we can help.