Here’s one thing most of us have in common: we love money, but we hate managing money. Good thing you can turn the boring part over to the professionals. Call Goldstone Financial Group at 630-620-9300.
Remember when in the 2010s everyone and their mother was talking about how millennials are the worst generation ever at pretty much everything?
For some reason, at the time, no one stopped to consider that we didn't put ourselves in this situation - the previous generations did. In fact, the media is now singing a different tune. Instead of blaming us for the sins of our fathers, they're acknowledging that we've been carrying around economic baggage since the Great Recession and are still being continuously traumatized by economic turmoil.
But despite that, we're actually not that bad when it comes to financial planning and savings. Did you know that? You might be surprised to hear that 40% of millennials have retirement accounts, our average net worth is $10,400, and 67% of us see ourselves as savers, while 34% have a budget. Not too shabby from a generation that's going through its second recession, right? (Plus, all the other historic moments we've lived through in just the past ten years.)
Now why am I telling you all this?
Well, first of all, I just like research and statistics, especially when they bring to light some surprising facts. But, I'm also telling you this because I want to talk about financial planning and why you should consider hiring a professional to help you weather all this economic turmoil that's hell-bent on traumatizing us, apparently for as long as we live.
I have no doubt that you can handle your personal finances on your own. You have your spreadsheet, your accounts, your savings goals written down in your little notebook - that's all great! Good job, you're adulting. However, you might be missing out on some great opportunities to reduce your tax burdens or grow your savings or diversify your retirement income sources.
And that's where financial planning comes in.
When you hire a professional wealth management team to handle your financial plan (and your financial future), you get professional investment advice and tax reduction strategies tailored to meet your financial goals.
If you're already interested and would like to talk to an actual financial advisor instead of reading this blog (ouch, a little bit), check out Goldstone Financial Group at https://goldstonefinancialgroup.com/ - they've been in business since 2008, have several offices in Illinois and Tennessee, and have tons of 5-star reviews on Google.
The reason I'm recommending them, over who knows how many wealth management firms, is that they offer this really cool service called Financial GPS. As the name suggests, it covers everything you need to make sure you're sailing toward a financially secure future. This includes wealth management, investment strategies, and tax planning.
Of course as I'm not a financial advisor, I can't explain in much detail how all these things work - but what I do know is that when you use them right, you can reduce your tax liability and increase your savings. And isn't that what all of us are looking for?
When you work with Goldstone Financial Group, your financial advisor will create a custom tax plan, which takes advantage of tax deductions, tax-deferred investments, and other legal tax reduction strategies to minimize liability. Then, they will recommend both long- and short-term investments and make sure you have a diverse portfolio that's in line with your financial goals and risk tolerance.
Plus, if you start planning your finances now, it will be so much easier for you to diversify retirement income sources and grow your savings - so once you're finally in your twilight years, you can have the lifestyle you want. I don't know what that means for you... Maybe it's a house in some exotic location, or traveling the world with your partner, or just adopting 20 cats and living your days peacefully in a cabin in the woods - whatever floats your boat.
But to have that future, we have to take advantage of our present. If you're in a position to save money, contribute to a retirement plan, or invest in stocks or whatever, for the sake of the-future-you, start using your money wisely.
And if you need some help on this path toward financial security, you know where to find your true north. Just visit https://goldstonefinancialgroup.com/contact-us/ to schedule a consultation with Goldstone Financial Group and get your very own Financial GPS.
