The Evolution of a Financial Crisis
Most people have had no training from a financial mentor. They were led to believe that a college education and a good job were the keys to living a good life with a secure retirement. They assumed that job security and a pension would produce a financially secure retirement without the need for saving. Imagine their shock when they found themselves being replaced with younger, less costly workers and/or technology that eliminated their jobs.
Another major problem complicating financial security was consumer debt. During the 1980’s and 90’s, financial institutions began making loans and credit cards readily available. Living with debt became the new norm.
The debt from student loans, car loans, mortgages and credit cards set a vicious cycle in motion where bankruptcy and loss of home and assets became a common consequence. Add to the mix inflation, higher taxes, technological advances and a desire to have the biggest, fastest, best of everything, one can quickly see the reasons behind a financial crisis that has plagued most Americans.
A Quest for Financial Security and Wealth Building
Fortunately, this financial crisis is inspiring many people, young and old, to take charge of their financial future by building a financial foundation consisting of protection, debt management, an emergency fund, and investments. That is what Tri-Stand Financial is all about. We help you to build a strong foundation and educate you on how to grow your money to accumulate wealth. We show you how to plan for retirement and never run out of money, regardless of how long you live.
You will learn through our financial planning training and coaching programs:
- How money works
- A formula for creating wealth
- Why you should pay yourself first
- How to control your debt
- How small changes can produce big money growth
- How and why to get rich slowly
- How much and what kind of insurance you need
- Insurance vs. investments
- The difference between simple interest and compound interest
- Calculating the rate of return on investments
- The impact of inflation on finances
- Taxable vs. tax-deferred investments
- Annuities that work best for IRA and 401K rollovers
- Stocks, bonds, money market securities, mutual funds, and exchange-traded funds (ETFs)
- Objectives and risk tolerance when investing
- Retirement plans, investment options, and fees
- Simple, SEP and Roth IRA accounts