Most people have the desire to achieve financial freedom but don’t know where to begin. The irony is the first step to achieving any goal is the simplest, define the goal. What level of financial freedom do you hope to achieve? Are you sick of living check to check and want breathing room or are you secure financially and want to build significant wealth? Define your goal.
For example, if your goal to become debt free you will need to track your spending. Where is your money going if not to pay off credit cards? A spending plan will show you how much money is coming in, and going out, and highlight necessary expenses versus nonessential costs. Your next step will be to reduce nonessential spending to free up money to pay down debt so you can achieve your goal and become debt free which is a level of financial freedom.
If you are in the stage of your life where you are debt free and have savings and investments yet want to accumulate assets, meeting with a fiduciary financial advisor would be a wise thing to do. A fiduciary does not make commission and has a legal duty to act in the best interest of their client and make recommendations that would be the best fit for them. One of our Alloy Wealth Management fiduciaries would be happy to evaluate your portfolio and work with you to create a comprehensive strategy with your goals in mind. Call 800-689-3935 to speak with one of our experts.