“Are You Sick and Tired of Never Having Enough Money or Savings?”
Andre here from Acclaim Wealth Solutions and in today’s Acclaim Wealth Insight
I’d like to share with you some tips on managing loans & money to free up cash and have less stress.
I’ll go over a couple of simple ways we teach our clients here at Acclaim Wealth Solutions to
- Manage money better
- Free up cash flow
- Have Less stress when it comes to managing their money & juggling their cash flow
So, stick around for some handy tips in this Acclaim Wealth Insight
I was at a Discovery Meeting with some new clients who were referred to us recently. This couple had a little child & worked really hard to pay their home loan, personal loans, credit cards and the usual everyday costs of living that we all have to pay.
Despite all the money coming in, they always felt like they were living pay to pay and struggling to make ends meet.
Things were spiralling out of control
And they were going backwards at an alarming rate! It was crazy and stressful and they felt embarrassed about their financial situation.
They kept saying “where does all our money go? We’re both working but we never seem to have any money”
They’d heard about some of those ads on TV and radio on budgeting but didn’t know which was the right one for them.
They thought about going to their bank but they’d done that several times before and things were only getting worse.
A friend suggested they speak to a Financial Adviser to get some actual advice about their situation but had resisted for ages as “this doesn’t happen to people like us – right….? We don’t need help on managing our money”
Maybe this sounds like your situation?
What they needed help with?
getting their payments down to a manageable level, a plan to work to and some direction to be on top of all their loans and bills, have spare cash and to be back in control.
So, there were 3 things that I spoke to them about and hopefully these things will help you as well.
- Identify where they were at
- Revamp their finances
So, let’s talk about
Identifying where things are at
When this couple came to see me, they had stuff all over the place – things were in a mess!
They had lots of loans, credit cards & accounts everywhere, they kept trying to convince themselves they still had control of their finances but they really didn’t have it under control at all.
They really didn’t know how much was coming in, how much was going out, what their money was being spent on or how to manage when to pay all the different bills?
And they were feeling really stressed about their financial situation
Here’s what we did:
- We looked at what accounts they had
- We confirmed what money was coming in
- What money was going where and when things were due.
- So that we could get a handle on what was really happening
The 2nd thing we did was to Prioritise
We worked through where they wanted to be financially over the coming years. We looked at how we could reduce their tax, and we re-focussed on the important things in order to get rid of their biggest headaches.
Thirdly we revamped their finances.
We worked out that they could refinance and wrap up all their loans into 1 easy to manage loan payment. We did the numbers on how to fast track their repayments and kill their debts fast
Here’s what happened for them:
- They consolidated all their bad debts & high interest rate loans into 1 simple and easy to manage payment.
- They got rid of all the paperwork that they felt like they were getting bombarded with.
- They didn’t have to think about it as we automated their finances so it was easy to track.
- They were given a plan of action to follow
- They now felt like they were back in control and could live without financial stress
Does that sound like something you’d like to have in your life?
Finances that are easy to manage, surplus cash to invest and use towards the important things such as your dreams and NO financial stress
So that’s what we did for this couple and I know a lot of people talk about doing this but not a lot of people actually get it done … so the question I’ve got for you is….
From these 3 points above
- Identifying where you’re at?
- Prioritising which things you should concentrate on first?
- Revamping & tidying up your finances to just get it done
Which one do you think would be the most valuable and give you the most sanity in your life?
Do me a favour and find the comments box and let me know OR private message me and we can chat some more. What would help you to get where you need to be faster…?
Anyway, that’s it for today’s Acclaim Wealth Insight. If you liked this video or you think someone else might like it, then please hit the share button.
Let’s help your friends and family to fast track their financial success…!
And, stay tuned for our next Acclaim Wealth Insight as we’re going to look at
How to pay your home loan off quicker and invest sooner
I’m Andre from Acclaim Wealth Solutions. www.acfin.com.au
Look forward to chatting with you again soon.
Bye for now