Fix any holes in your ability to keep the wealth you have before you try and accumulate more. |
In closing, let me share with you our prescription for financial health. We encourage each of our clients to: •Save a minimum of 20% of their gross income. •Keep debt service to 0% •Provide for your lifestyle with the remaining 80%. Without knowing any of your financial information at this point I would recommend that you should save 20% of your gross income, have no debt except for your house, and live off of the remaining 80%. Saving 10% may be a good place to start but will often fund only the minimum required to maintain status quo. What we would like is for our clients to save 20% of their gross, but initially, this may not be possible for many because of their current debt structure. You may be saying to yourself there is no way I can even save the minimum 10% of my gross income much less 20%. If in working together if I can find this money without you having to change your present lifestyle, would you be interested? Great then we will need you to complete this questionnaire in order for us to get started. We will need to know your total financial situation before we can offer any suggestions. I look forward to working with you to help you eliminate your areas of wealth transfer and increase your overall Circle of Wealth. |
Clicking the word Savings displays the annual savings amount (and percentage of income) required to fund their retirement at the same inflation-adjusted level of income that they enjoy today. This value is calculated based on the assumptions entered on the initial assumptions screen of the Retirement: Ready or NOT loop. Obviously, for the displayed results to be relevant, the inputs for your client must have been entered in Retirement: Ready or NOT. (See the RRON [Save More] function for more details.) |