Meet Kim Knotts! A Northern-California-native, Kim entered the world of financial planning and accounting at an early age. She flourished as a young businesswoman and now offers her clients a high-end total financial solution that includes CFO, investment, and tax services. Learn more at KimKnotts.com – link in bio! #financialplanning#virtualcfo
🙋🏻♀️ Raise your hand if you’ve ever felt personally victimized by a self-induced pressure to succeed. (Because I sure have!)
In today’s post I talk about my fear of struggling to find the career I was meant for. •••
Feeling stuck & experiencing a sense of urgency/inadequacy, I felt the need to search in haste in hopes of finding my calling. •••
(Not-a-spoiler: I haven’t found it yet)
But I also don’t feel stuck anymore. This is the letter my 19 year old self needed to hear. 📖 Link in bio to read more.
Feel free to share stories of your personal detours turned successes below! 👇👇👇
As the anniversary of Patrick's death approaches I've gotta be honest I've really been thinking alot about my own mortality. When I lost my mom & grandma they never had anything set up to make their transitions a bit easier financially for the family. The sad truth of it all is we did not prepare! Patrick and I never prepared knowing full well that he was seriously ill. Staying afloat has always been a constant struggle. Personal finance has never ever been something that I've been comfortable or equipped to talk about, it's always been a HUGE source of anxiety & self degradation for me, I feared being perceived as uneducated & stupid. But its 2020, I am not the same person I was then! That shit stops now! with the help of this handsome young fella! This is Dylan Heningburg @coach_bodie & today he helped me take the 1st step to financial planning, building dynastic wealth, & protecting my children for the future! Im making a commitment to educating myself AND my children so THEY KNOW THE VALUE & IMPORTANCE OF WHAT THEY HAVE FOR THEMSELVES AND HOW TO USE IT TO THEIR ADVANTAGE NOT ONLY TO SURVIVE BUT TO THRIVE! A gift that I was unfortunately never afforded simply because my loved ones didnt know & it was never accessible by truthful & honest people. It's never easy to talk about death, making plans that dont include you, especially when it comes to being with the ones you love the absolute most but its necessary. Dylan made me feel very safe & comfortable, we came up with a plan that I can afford & am very comfortable with. Offering me peace of mind and pride in myself knowing that I stepped out of my comfort zone for the sake of being a better mom! And honesty that feels dam good! Hit him up if your ready he will guide you with honesty and a true desire to help you reach your financial goals for yourself and for your family! #financialplanning#idoitforthem#newyorklifeinsurance#family#generationalwealth #provide &protect #singlemomgrind#legacy#imastrongblackwoman#prepare#bossmom
If you’re a first-time home buyer, you might’ve heard about “closing costs” and wondered - what the heck are those? More money I have to pay?! As a rough estimate, closing costs can range from about 2% - 5% of the total purchase price. So make sure to factor in closing costs when you’re financially planning for your purchase. Some lenders do offer special programs with $0 closing costs upfront for buyers who want to hold on to some cash reserves. But - that can mean a larger monthly payment at a higher interest rate. Of course, the best way to learn more before your first big purchase is by reaching out to a trusted Realtor (me!). I can get you connected with lenders I know and trust so you can start planning and prioritizing your real estate goals. 🏘
1 231 minutes ago
Have you started to set aside funds for your future needs?
#SaveFirstBeforeYouSpend #PlanAhead #LearnToSaveAndInvest 💰TIME IS MONEY! ⏰ 🛎Do not lose the opportunity! Start securing & investing EARLY for your financial goals! ✅Get a VUL (VARIABLE UNIT LINK) TODAY!
✅Me Savings at Investment kana, INSURED KA PA!👍 For "FREE" Financial Planning session please click the link below:
Richard Mauricio, RFP
Feel FREE to like , tag, comment and share this to your friends and loved ones who want to start an savings/investment..
0 038 minutes ago
Got bad credit, hit @grcreditsolutions to find out how to improve your credit. Get a FREE consultation and credit analysis when visit our website. Follow @grcreditsolutions for more details.
1 639 minutes ago
Who can relate? haha ⠀
Comment your favorite at home brand!
11 2139 minutes ago
A financial plan can add great value toward reaching your goals. The financial plan involves not just looking at your money but focusing on your life goals and risks. Although money is important to the process of understanding your risks and goals, it is just a tool to help get you there; identifying and prioritizing your goals will help create the financial plan. Once goals are prioritized and timelines are established, it is easy to understand where and how your money has to be utilized to reach them. ⠀
A financial plan is a map to help you reach your goals in the timeline you want. Without a financial plan, it is easy to waiver and miss your targets. ⠀
Need life insurance coverage to pay for funeral expenses? Final expense insurance might be what you're looking for. Contact me TODAY for a quote. No Exams! Coverage for 18 to 85yrs.
2 751 minutes ago
You probably hear RRSP and TFSA be tossed around almost as if they are the same thing, and in a lot of ways they are. Both accounts are great saving tools each with their own pros and cons depending on where you see yourself financially in the future.
Follow @nikobrunofinancial for more financial tips .
Do you live within an apartment block, townhouse or shared villa complex? Here's why you need Residential Strata Insurance! It is designed to cover for accidental loss or damage to the building and to the common contents for residential buildings, which are registered under strata or unit title legislation.
1 01 hour ago
Started off our first MDRT Kickoff at @megaadventuresingapore on Monday ✨ I’m not a big fan of heights and balancing courses ‘cos God knows I’m a clumsy ass.
Whilst on the MegaClimb (an obstacle course), I realized some things:
1️⃣ Looking at the first step of the obstacle course I’ve to take versus where I am at, it just seems too far, too hard to take. That’s when your goal seems too far. Every step may be difficult, but with someone encouraging you along the way, you can really take that first step, then you realize hey, it’s actually not that far after all. It’s just all in your mind.
2️⃣ While on the obstacle course, some sections get tougher while you’re nearing the end of your journey of reaching your goal. It’s easy to say, I think I can’t continue anymore, it’s just too tough. That’s your self doubt and negativity talking in your head. You’ve come this far, why not continue? Turning back you realized you can’t go backwards on the obstacle course either.
3️⃣ At every end of an obstacle section, there’s a platform for you to rest on. The instructor said “maximum 2 at a time, don’t make it 3 or 4 people. There’s no coffee for you over there.” That’s when you reach another milestone of your journey towards your goal and you say, “let me rest here”. Rest is good, but too long of a rest is bad. There’s no coffee, people are catching up, let’s start moving again!
4️⃣ Did you know that if you’re panicking inside, the ropes that you’re holding on wobbles too? When your teammates see you start wobbling, they’ll start encouraging you and telling not to panic. That’s when we start to have self doubt and panicky moments - I’m so close, am I going to be able to reach my goal this month so that I can achieve my overall goal? But not all of us speak aloud about it. Nobody would know what we’re feeling inside unless we talk about it. It’s good to find a Bitch Buddy (BB), that you can share everything to. Someone who can listen yet not judge and give you honest opinions. Someone who doesn’t bring you down or join you in when you’re being negative.
Well, that’s me and my Monday 😂 Thanks for reading my long caption! 😘 How did your Monday go for you? 👇🏻
Going to the grocery store doesn't have to be expensive or time consuming.
It can be easy and fun if you follow these 4 simple steps.
1. Always, always, always have a list. Write down each item you need and double check the pantry to make sure you don't already have it.
2. Note the quantity needed. people usually buy more than what they need and end up having to throw food away. Buy what you need for a 5-7 day period to avoid waste.
3. Estimate how much you think each item will cost. Shop at grocery stores with quality food and low prices, such as @Aldi
4. Write down the total amount you plan to spend and do your best to stick to it. Having a spending goal may seem simple, but it's a complete game changer
My clients who follow this strategy save over $200/mo which is good because we need that money to save and invest. Try it. . . . . .
Money tip 💵: Control impulse spending with the 30-day rule: If you see something you want, write it down and place this note somewhere apparent. If after 30 days the urge to buy it is still there, go for it. Staying away from instant gratification is the best way to save money💰 #deferit
3 201 hour ago
Which is bigger? A) a tax deduction, or B) a tax credit?
Many Canadians assumed the terms are completely interchangeable. The fact is, the answer depends on your personal Marginal Tax Rate.
Credits are earned the same for everyone. On a Federal level it’s always 15%, so $100 of tax credits saves you $15 in income tax. $500 of credits saves $75. Etc... Tax deductions reduce your top-end income and therefore savings are based on your Marginal Tax Rate. If you earn $100,000 in MB, you’re in a 43.40% tax bracket. So $100 of tax deductions will save you $43.30 in income tax.
As a rule of thumb, the higher your income, the more beneficial a tax deduction will be for you. #personalfinance#financialplanning#cascadefinancialgroup#winnipeg#manitoba
0 11 hour ago
Today, the Finance Minister announced a revision for how the benchmark rate is determined. The benchmark rate is commonly known as the “Stress Test.” The new benchmark rate will be set each week at the median five year fixed insured rate plus 2%. Insured rates are the lowest mortgage rates you can get. So it’s great they are using the median of the lower rates, but 2% is still being added.
Here is an example, say the current median 5 year fixed insured rate, of the week, is 2.79%, the benchmark rate (AKA the rate you will need to qualify at) will be 2.79% + 2.00% = 4.79%. In a simple example for a $25k income, previous benchmark rate at 5.19% would get a mortgage of approximately $100k, at the rate in this example at 4.79% would get $25k income a $104k mortgage. $4k more. It’s not earth shattering but it’s a step in the right direction. Have a great day!
The summary portion of your LinkedIn profile is a vital part of reaching new connections.
Your summary should be a reflection of YOU and the [✨stellar⚡️] reputation you have offline. Tell your story. Speak in first person. We want to hear your voice when we read your summary!
Add a personal mantra, scripture, parts of your personality, who you help and why, etc. Showing your personality gives new connections and prospects a peek into YOU.
Optimizing your summary can be an ideal entry point for conversation too. People love talking about things they are passionate about and it can be a great opener if you have something in common.
What thoughts and questions do you have about this critical section of your LinkedIn profile?
"Control Your Costs" is Step 3 in a series of 6 financial education videos produced by Boutique Advisers – The Six Steps to Successful Investing.
The full video can be viewed via our website - link in our bio
Call Boutique Advisers today on 08 9381 8779 or email on firstname.lastname@example.org or drop us a PM and we will arrange to meet up.
WHY I GOT LIFE INSURANCE
It’s not a fun topic but avoiding it does not put a plan in place when #lifehappens .
I got life insurance at 23 years old. Most people say, “you don’t need insurance. You are young, healthy, you don’t have debt and you don’t have kids.”
It’s true. Even tho I am 28 now, I am still young, I am healthy, I don’t have kids and I don’t have debt.
But you know what, things can change and can change very fast.
Just because someone is healthy today that doesn’t stop a cancerous tumor to appear out of nowhere three months from now, that doesn’t stop a drunk driver being on the road and hitting a person, being healthy today doesn’t guarantee tomorrow.
But death is a guarantee and it’s a guarantee that death tax will cost money and so will a funeral. It’s a guarantee that debt doesn’t go away. It just goes to the loved ones that are still here. .
Assuming something doesn’t happen to me and I live a long happy life, my family is going to get multiple 6 figures (possibly 7 figures) paid out to them. Money may not bring me back but you could probably agree that multiple 6-7 figures helps, right? . #nofamilyleftbehind#lifeinsurance#financialplanning#lovedones#wfg#family#estateplanning#insurance#protect#savings#plan#myfamily#happylife
2 71 hour ago
The first step to building your own financial planning business is finding like-minded advisors. Connect with our team and we’ll equip you with solutions to building a strong, profitable business right from the start - https://bit.ly/2HCdRc8
Bringing back this #FinLit blog post, now updated for ✨2020✨ New year, new tax deets! And more opportunities for your 💰 to grow!
Get a refund this year? YESSSS!!! 🎉 But before you start celebrating, what if you knew how to make that money grow? 🙌 Bringing back the #FinLit article that shows you 3 ways to save or invest your refund in my profile link. Don't wait till next year to start making money moves!
Owning a home has historically been, not only the American dream, but the key to financial security. Unfortunately, many Millennials are finding home ownership out of reach due to poor credit scores, student debt & unaffordable prices.⠀
While owning a home builds equity, it also comes with a fair share of expenses such as maintenance, property taxes & insurance. So, rather than build equity, many adults ages 25-39 are either renting or living with their parents.⠀
The 🔑 is to take that extra cash on hand & funnel it towards your financial goals & adopt positive money habits such as:⠀
▪️Develop a saving mindset: Start by creating a budget showing your essential costs vs. discretionary spending & see if some of the latter can be eliminated. Even the littlest savings will make a difference over time.⠀
▪️Tackle your debts: Continue to reduce your debt, pay bills on time & try to pay more than the minimum required each month. ⠀
▪️Max out your 401(K): Contribute enough to get full match from your employer if applicable. If not, you can save on your own in an IRA or a solo 401K.⠀
▪️Earn Higher Rates on your Savings: To get the best return on your savings account, opt for an online savings account rather than a walk-in bank as it will likely have a higher interest rate. Do some research & compare rates.⠀
▪️Invest in your Career: Building financial security isn’t just about saving; you also need to continue to grow your income. Sometimes switching companies is the best way to receive a significant increase in salary.⠀ ⠀
In conclusion, for renters, just as with homeowners, it helps to plan for the long term.⠀
During our 12 years of having a #spendingplan ( #budget ) we have gone back and forth between using cash and using a debit card. Honestly, neither one works better than the other for us.
Some people swear that CASH is the best and some people swear that electronic is the best. For us, it is always 6 of one and half dozen of the other.
The issue for us is that both Mauricio and I are natural spenders. We generally don't fret over "if there is enough money" when something is necessary.
Here is a good example...last month we had several things come up that were not planned for...a car wash to wash the salt off the car and getting Mauricio's hand-drawn designs scanned in professionally for use in his electronic portfolio.
Both things were in the $30 range and neither were in the spending plan for January.
Yet we still did both and it would have not mattered if we had cash envelopes or not...they were both necessary.
So we have countered this type of spending with a "we are dumbA$$es" savings fund. It is a big ole pile of cash that we have sitting in our Capital One 360 account for just such expenses...and THIS method really works for us
Does CASH or card work better for your spending plan?
Having the knowledge to be able to multiply money is one of the biggest reasons why some people make a lot of money, while others don’t make much at all.
Over the years, I’ve learned how to multiply money very well, but it wasn’t always like that.
I have had multiple business and investment failures that have cost me millions of dollars.
Now, I make sure I only invest in things that I understand and have control over.
Would you like to invest in special kinds of investments the rich invest in, to grow their net worth and how you can do the same.
DM me the word “Invest” and I’ll send you all the details, if you’re ready to discover the secrets of the rich.
Whatsapp : +12672776739
WHO WE HELP
Over the next few days RPA will describe some of the people we work.
PRE-RETIREES AND RETIREES
Maybe you have just retired or are still a good decade away from retirement. Either way, you have this new life chapter on your mind, and you need to know: Have you saved enough?
We dig into the details of your finances to make sure you’re on track. We address income sources, Social Security, Medicare, changing investment needs, insurance gaps—everything you need in a comprehensive plan for your retirement. Our goal is to give you peace of mind about your future so you can quit worrying about whether you have saved enough and start enjoying your retirement.
I recently read a blog about the concept of making changes in your life. “In order to create change, it needs to be permanent, temporary won’t work’’.
For example, if you want to lose weight, a short term diet really isn’t the key to long term success. What actually works is changing your habits and essentially what you do day in and day out, so that it becomes a permanent change in the way you live your life.
This is 100% true when it comes to money. One of things that we do with people, is to help them make small, incremental changes to the way that they manage their money on a day to day basis. We need to make long lasting changes in behaviour and habits, and nobody can be expected to flip the switch over night.
It might start with separating some of your money, move onto automating some of your bills. As you get more comfortable, you might start investing small amounts each month. We can’t expect anyone to completely change their behaviours overnight (although there are some unicorns), so small consistent changes over time, will eventually move you in the direction you want to go.
One of the things I love about helping our clients, is finding ways that work for different people. Some people love the cash system, others prefer cards. Some people love to keep spreadsheets *cough engineers cough* and others prefer not to have to worry about it on a daily basis. For us, we have so many tried and tested ways to help people, it’s just a matter of matching up the strategies to your personal preferences to make it as easy as possible for you to change your habits.
Attorney Letha Sgritta McDowell presented our SECURE Act seminar this morning in Virginia Beach. If you weren’t able to attend, we have our last one of the month scheduled for tomorrow at 10 AM at TowneBank in Oyster Point.
Starting my own Financial Planning practice was the biggest leap of faith I have ever had to take BUT let me tell you how rewarding it has been! I am changing the trajectory of people’s lives and truly making an impact. What I am doing is so much bigger than me and I feel so overwhelmed with gratitude. Thanks to my friend and day one supporter @aguirrejocelin , I had the opportunity to speak in front of so many ambitious business woman today and motivate them to take the first vital steps into their successful financial future.
I stepped into 2020 with GODFIDENCE 🙌🏽 #redismypowercolor#godismakingmoves#financialplanning#bosswomen#financialsecurity#thinkbigger
22 1829 February, 2020
As you know we are trying to budget a bit this year and it also comes with some meal planning so we can avoid wasting money on food we don’t eat or we buy too much of. That’s why I prepared meal plan for next week, shopping list and we went shopping yesterday. It was such a big success and I am actually excited to prepare all the meal during the upcoming week. We also fully came back to vegan diet (I had a break because of my pregnancy aversion, but now I actually crave healthy, vegan food!) so it’s gonna be yummy!
Do you guys meal plan as well? Or shop once a week? For us it’s completely new thing so I’m curious how it works for others.