You did it! After years of struggling, you are ready to move forward and make serious moves to build wealth and a stable financial cushion.
Since you’re here, you are on the right path! Congrats! Now it’s time to think through some of your financial goals so that you can reach them like the BOSS that you are.
Not feeling confident or sure where to go from here?
Here some specific ideas to get you started and take your financial habits to the next level:
1. Get Expert Advice At An Affordable Price
If your family earns $70,000 per year or more, then getting help managing your finances might just be the best thing you could do for yourself.
Traditional advisors and financial planners are expensive. This means that you can only afford them if you are rich. But a new wave of companies are changing that model.
That’s where Facet Wealth comes in. They offer affordable comprehensive financial planning services where you’ll get a dedicated CFP (certified financial planner) to help you make the perfect plan for your money. All for a flat monthly fee. Say goodbye to paying fees based on a percentage of your net worth.
They are able to offer lower prices by having all meetings take place virtually and leveraging technology. The best part is that your planner isn’t involved in the pricing and doesn’t earn a single commission, which eliminates the pesky conflicts of interest inherent in most financial planning. They are just there to help you.
To get started you just have to schedule a free introductory call to learn more and ask as many questions as you need to determine if it makes sense to hire a pro to help you.
Get started now. You’ll be glad you did.
2. Maximize Your Investments
You finally have some money saved up in your 401K or other retirement accounts, but you weren’t sure how to invest it. We found a company that will analyze your retirement account for FREE (actually) and will make sure you are investing appropriately for your goals.
When it comes to investing your money for the future, you’ll want to focus on minimizing fees, while striking the appropriate balance between stocks and bonds.
Stocks will give your portfolio exposure to potential growth, while bonds will give you more stability.
3. Give Your Family $1 Million in Life Insurance
Have you ever wondered what would happen to your family without your paycheck once you’re no longer here? Speaking from experience, it won’t be pretty.
No matter how much money you’ve stocked away at the bank, it won’t last forever. College isn’t getting cheaper…
If you are relatively young and healthy, now is the time to secure your life insurance policy.
If you don’t think you can afford life insurance, we think you’ll be pleasantly surprised to see how affordable a term life insurance policy can be. A 20-year policy is perfect so that your kids and spouse will be protected.
4. Start Your Day Off Like A CEO
If you start your day by flipping through Instagram or another social media app, then you are missing out on our free favorite newsletter, the Morning Brew.
They send out witty, smart business newsletters every morning. This means you start off your day growing your mind and learning. Not battering your self-esteem on social media. It sounds like an easy decision to us.
Sign up for Morning Brew and make the most of your day.
Camilo is a personal finance expert and the Co-Founder and CEO of The Finance Twins. I was raised in poverty by a single mother and had to learn everything about personal finance on my own. I have been featured on Forbes, Business Insider, CNBC, and US News. Earlier in my career, I worked as an investment banking analyst on Wall Street at JPMorgan Chase & Co., and I have an M.B.A. from Harvard University and a B.S.E. in finance from the Wharton School of the University of Pennsylvania.