At IWP we feel that so much of life is about balance and we don’t think financial matters are any different. We feel it is imperative that we keep that in mind when making financial decisions. Of course, we all want the maximum amount of insurance coverages and maximum returns on our savings but both those items come with an inherit cost.
Every financial decision a person makes in life has an impact on things. Some may not be very large but still does have an impact. We often find people making the comment that something really doesn’t matter because it is such a small minimal item. Our contention would be that just like what you eat, it all does matter and add up. The day to day cups of coffee one chooses to purchase or to not purchase will have a impact on the net end result of that persons wealth at the end of the day.
Most of our clients are working with limited resources and they want each dollar to stretch as far as we can and we are certainly sensitive to this. We spend a lot of time in our process educating consumers as to what proper balance is and how one decision impacts another.
You can click here to see our wealth castle which is one tool we have at our disposal to use when we want to take a look at the bigger picture.
When it comes to risks, we focus a fair amount on how to weigh out each individual clients perception as to what risks means to them and then use that to help create balance overall.
Disclaimer: Innovative Wealth Partners, Stratos Wealth Partners, Ltd and LPL Financial do not provide legal advice or services. This information is not intended to be a substitute for individualized legal advice. Please consult your legal advisor regarding your specific situation.