(New York, NY) “Time is Money and the best way to procrastinate retirement is to procrastinate your saving for retirement,” says Rick Cross, founder of Rightfinancialadvisor.com, a web-based algorithm that matches individual investors and their families to qualified vetted financial professionals. Cross offers some tips to investors on how to make more money, manage money, and avoid financial stress which has been identified as a cause for health problems and divorce.
Be Wise: A wise consumer would fill up their oil heat tank wile oil prices are down. Taking advantage of seasonal opportunities can be found in the financial services field too. Funding your IRA or 401K in January each year has been proven as a wise move because you can gain 16 months of growth. People who avoid financial inertia and take a proactive approach to managing their finances as in the example above, are less likely to experience financial stress.
Goals: The best resolutions come from changing your financial mindset which starts with developing a realistic goal. Develop a relationship with the right financial advisor who will help you make a plan, monitor it, and make adjustments when prudent. Make sure your plan includes a lawyer to prepare your Will.
Strategy: Place emphasis on a short-term financial goal that can evolve into a long term sustainable strategy. Eliminate paralysis by analysis. Learn about your finances such as what your tax bracket is. This will help you maximize your tax savings when deciding how much to fund your 401K/IRA.
Be Informed: Talk to your partner prior to marriage about their finances such as, credit score, credit card debt, student loan debt and other debts they may be responsible for.
Cash flow: Monitor your free cash flow: Know how much money is coming in and how much money is being paid out. Pay all of your bills on time: Pay your bills in full not just the minimum and on time to avoid late payment fees.
Get Help: If you are in debt, unemployed or underemployed do not give in to stress. Avoid problems get help. Ask your financial planner for help in managing your money and problem solving. They are a great resource who can help you set up a financial plan, move funds, maximize investments, restructure debt, find different interest rates that can lower payments. The right financial advisor is the key to eliminate financial stress. The right financial advisor can help you to better manage your finances to increase your chances of living a healthy and happy life.
Rightfinancialadvisor.com is a web-based algorithm that matches individual investors and their families to qualified vetted financial professionals. Rightfinancialadvisor.com is committed to matching investor core financial needs and personalities to the core competencies and personality of advisors. Visit www.Rightfinancialadvisor.com for additional information or call 631-416-8000. Rightfinancialadvisor.com office is located at 4250 Veterans Memorial Highway, Suite 420, East Holbrook, New York, 11741.