Do You Have A Clear Picture Of Your Finances?
How can you recognize good advice and sound information? First, understand that every financial product has advantages and disadvantages. No one product can do it all, and no one product has all positive features. When working with a financial adviser, make sure they are providing you with the transparency you deserve so you can maximize your wealth potential.
After all, what good is it to have a financial plan that doesn’t compensate for the disadvantages of the financial products used to fulfill the plan’s goals? Anyone can make something sound good by telling only one side of the story, but it takes two sides of the story to fully understand the product or service you are considering for your financial future. By having full transparency, you can work with your adviser to develop a strategic position that helps you take advantage of products while eliminating or mitigating the disadvantages. When you are provided with this transparency you can work collaboratively with your adviser to put into place a strategy that will give you more benefits and more wealth.
This starts with making sure you are not making decisions in a vacuum. Having money in one financial product for college education, other money in one financial product for retirement, other money in one financial product for wealth building, and other money for estate planning is one of the core reasons for financial failure for many people. Money needs to work cohesively to develop a fully transparent and holistic view of your financial situation. Your assets and money should all be coordinated and integrated to formulate one offensive and defensive plan. Money should be flowing from one financial product to another in a strategic manner that yields high overall rates of return, low risk, and more protection.
Transparency starts with working with an adviser that serves as a Macro Manager™. A Macro Manager™ has knowledge about all aspects of your financial situation and are able to work with other financial partners to formulate a strategy that is right for you. For a transparent view of your financial situation, contact your Leap Professional.
Sane. Sound. Simple