And it should be! When my client was searching for a financial advisor, he looked at her financial situation and told her she should save more. She didn’t have 6 figures to invest so he didn’t provide much guidance after that. She was left to her own devices to figure it out on her own.
Fast forward years later and she schedules a consultation with me via Black Wealth Financial. Her main concerns were investing and where she should put her $. As I probed more and questioned her savings and financial habits, I quickly realized that investing should be the last thing on her financial list as there were much more pressing issues that if fixed, could put her in a better position to invest at a later time.
I knew that we needed to work on “money management” but in a different capacity than what is commonly thought of with that phrase. We needed a plan to understand and control cash flow, more importantly we needed to control how her money flowed and where it was actually going. We needed to get her out of debt and recapture those unnecessary interest payments! Her 5 year goal was to buy a home. I estimated all of those things could happen in just 2 years, but I was wrong. She actually hit all of those goals in less than 1 year!
Her thoughts, “when you say you’re a financial advisor, people assume they know what you do, but you do so much more than that! We need to come up with a new title for you!” (We’re still searching for that by the way! #iyanla🤔)
There are so many financial advisors who are only concerned with your investment capacity. In other words, how much money you can place with them to invest or what accounts you have to rollover. But what about your everyday financial money management and budgeting? What about your debts and financial goals? These questions and their unfortunate answers left me realizing that every financial advisor isn’t created equal.
My goals as an advisor are from a wholistic approach and involves the complete financial picture:
✅to remove the shame and fear associated with past poor financial decisions
✅To ensure you’re not spending unknowingly and unnecessarily
✅to create and maintain a personal budget that is easy and enjoyable for you to follow
✅to get you out of debt quickly
✅to invest and build 💪
If you see my client rolling around these Cali streets, just know she’s impacted the lives of her 2 little girls in a way she probably can’t even imagine. She’s followed the process and stuck with the plan and is overjoyed!
I’m proud of the impact and change I’m able to help implement for my clients. Who got next? I can help. Visit www.GetBlackWealth.com to see how.