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Financial Freedom could be just one phonecall away…

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Achieving financial freedom is a goal for many people. It generally means having enough savings, investments, and cash on hand to afford the lifestyle you want for yourself and your family—and a growing nest egg that will allow you to retire or pursue the career you want without being driven by earning a certain amount each year.

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Phenomenal

Going from clueless with money to being savvy enough to invest in my future and live well within my means in what feels like an instant after talking to Avada Financial Consultants has really put my mind at rest and I can now make informed,educated smart decisions with my money.

The answer to your financial planning and wealth questions

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Must to Ask Financial Planning Questions
Here are some key financial planning questions and their answers to help you make sense of it all:

If you do not have a plan, you will be like a chicken running without its head. Now, everyone loves money, but how much money is the question. Each one of us has different goals in life, and those goals require different amounts of money. If you know your goals well, you would have an estimate of the time and money you require to realize those goals.

You should make a list of your biggest goals in life according to their priority. For example, if you are a parent, your children’s college education might be your priority. If you are paying a mortgage, paying it off may be the first of your goals. This list can be as small as you like or as extensive as you feel the need for. Build a personal financial plan to prioritize your financial goals while building an executable plan.

Preparing for unforeseen financial emergencies is one of the most intuitive things you can do for your future. Unfortunately, due to poverty and income inequality, almost 60% of Americans may be pushed into debt by a $1,000 emergency expense. This is saying a lot about the financial situation in the country and how difficult it has become for people to save money.

Bad stuff happens all the time, and it is just a matter of when it will happen. If you do not have funds allocated for the rainy day, you might have to take loans or borrow from family and friends. That would worsen your financial situation even more.

When we talk about financial planning, retirement is the number one concern for many people. People always wonder how much of their salary should go towards retirement. Some put the number at 10% while some go as high as 15%. There are a few things this number relies upon like your age, your income, and how much you already have saved.

Let’s just say 15% of your salary should go towards a retirement plan like the 401(k). Now, consider 15% as your goal. You can start lower if you cannot do 15% from the get-go. You need to build your finances in a way that eventually you are contributing 15% to this fund.

In this day and age, managing money may as well mean managing debt. We all have to borrow money at some point in our lives, whether we are going to college or buying a home. This is something that can send a chill down your spine, but also something that is not all bad. If it were not for debt, many of us may never be homeowners or send our children to good colleges.

Most debts have high-interest rates, typically over 8%. Paying off your debts should be your priority. There is not a magic number regarding the debt ceiling. Technically, any amount of debt is too much. So ideally, you want to borrow money for things of value, that will eventually contribute to your income and help you pay back this debt you incurred.

There are a few factors that determine where you should allocate your assets. You should be considering your goals heavily. The investment time and your risk tolerance also play vital roles in this scenario.

As a rule of thumb, keep the asset allocation ratio 3:2. About 60% of your assets in your portfolio should be in stocks or equity, while 40% can go towards bonds or fixed income. If your financial goals are imminent, you may want to save money in a savings account instead. It only makes sense to take a risk with your long-term financial goals like retirement.

Areas of Expertise

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Here are some of essential skills you need for Financial Freedom

Investment

To invest is to allocate money in the expectation of some benefit in the future. In finance, the benefit from an investment is called a return.

Financial Planning

is a step-by-step approach to meet one’s life goals. A financial plan acts as a guide as you go through life’s journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.

Debt Help

Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves.

Retirement

Retirement planning is the process of determining retirement income goals, and the actions and decisions necessary to achieve those goals.

Mortgage Advice

Getting a mortgage is one of the biggest financial decisions you’ll make, so it’s important to get it right. This guide will help you work out whether you should get a mortgage adviser, where to get free advice, how your bank might be able to help and which comparison websites you can check.

General Advice

is just a form of scaled advice. It can be provided online, by telephone or face to face. If the business then arranges for the client to acquire the financial product, they can be remunerated by commission for their services.

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