How to Market-Proof Your Income And Build Financial Security
MILL CREEK, Wash., July 19, 2017 /PRNewswire/ -- It's a day and age when people are waiting around wondering what the Trump Administration is going to do next to the market. Well, not at Sound Financial Group. They're moving ahead, including welcoming Cory Shepherd, author of the book, Cape Not Required, as their new President!
Sound Financial Group champions people moving ahead in life - past their current knowledge about money and past their old mentalities. They find that top income earners, in particular, have often outgrown previous help and need fresh guidance. That's what they do.
And that's why CEO and Founder Paul Adams, who also hosts the popular podcast, Sound Financial Bites, suggests market-prepping income and building financial security as a solid place to start.
(1) Have more conversations about money. High-income earners are especially afraid to open up their kimono to anyone, even a financial professional. They feel they should be in a much better financial state. Sound Financial Group calls this "people should-ing all over themselves." People thinking their finances should look like this or should look like that. Break the taboo of discussing money and find someone to discuss financial philosophies and strategies with. This can yield beneficial directions or steer people clear of poor decisions.
(2) Changing one's mindset around money to consistently make better financial decisions. They recommend scrubbing certain words from people's vocabulary such as "savings" and "afford." Those terms create constraints on the positive perspective of money, placing the focus on lack, rather than on wealth.
Adams says, "For many people, if they simply stopped putting money into a savings account, and started putting money in a Wealth Coordination Account, their entire view of money would change."
(3) Get on the same page as a couple. Through education, rather pushing of products, Sound Financial Group teaches how couples can be of one mind about finances. Anyone can do this by having an open conversation about future plans. How are those dreams impacted by what is occurring financially today? Educational material can add a needed measure of expertise and guidance (like the Sound Financial Group site and podcast). After absorbing new information and ideas, Sound Financial Group recommends couples meet together to discuss ideas each of them found impactful and how to implement them. Then they encourage couples to make it happen. They stress not being the spouse that "opts out" and not letting the other "opt out" either. This conversation is too important.
(4) Realizing one's current financial picture might not be all their fault. Marketers are far more aware of human psychology than most are, so temptations abound. Sound Financial Group says the only way to combat this is by setting individual strategy, becoming aware of the ploys, and not falling for them. Then only make buying and financial decisions that fit one's personal financial strategy. This even goes for financial help. There are people with great expertise constantly marketing things that do not actually lead to financial stability. That's why Paul Adams stresses how each person needs to cultivate his or her own mindset about money.
(5) Worry less about the next 20% downturn. People are so worried about what is going to happen with the market. When is the next huge downturn, they ask? But what people must understand is that it doesn't matter. What matters is when the next 200% market movement is. For sure, the next 200% market move will be to the upside. Keep an eye on the big picture.
It's time to move past "should," so subscribe to the Sound Financial Bites Podcast and contact them to hear their philosophy.
Meet Paul Adams
Paul Adams is CEO and Founder of Sound Financial Group where he and his team help clients maintain healthy balance sheets, stop forfeiting money unnecessarily to the IRS, and to build and protect their plans for the future. The cornerstone of his advice relies on the belief that people should always make their financial decisions based upon indisputable math and independent scholarship, not based on media hype, hearsay, or trend.
Paul is also an accomplished speaker and the of author two essential financial guides – Stop Burning Your Money; and Sound Financial Advice - and in 2016 was interviewed by Forbes, Entrepreneur and Inc. magazines.
Paul Adams is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 7 Hanover Square, New York, NY 10004, 1 888 600 4667. PAS is an indirect, wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. Securities products and advisory services offered through PAS, member FINRA/SIPC.
Sound Financial Group is not an affiliate or subsidiary of PAS.
Links to external sites are provided for convenience in locating related information and services. Guardian, its subsidiaries, agents, and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof. 2017-42963 Exp. 7/19
Sound Financial Group
www.sfgwa.com
[email protected]
Sound Financial Bites Podcast
15408 Main Street
Suite 107
Mill Creek, WA 98012
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SOURCE Sound Financial Group
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