Your Wealth Formula

Thank you to Toni Miller, Investment Advisor Representative, at Global View Capital Advisors!  She offers some great ideas and reminders for financial independence.

Your Wealth Formula

Financial Independence Isn’t Just about Money

One of the best pieces of advice you can receive about WHY to create wealth is that until you are financially free, you aren’t really free. Why? Because financial freedom buys you TIME and with TIME you can discover and experience what you really want out of life.

As an investor you have the power to make a conscious decision to forgo some of you spending today in exchange for spending later to buy YOUR LIFESTYLE.

“In order to get ahead, you can’t just make money, you have to understand money.”- J. Paul Getty

Pay Yourself First

The most powerful wealth building tool you have is your income.

Ways to Find & Save Money

Manage Expenses

• Raise deductibles on auto & homeowners policies.

• Raise deductibles on health insurance and start an HSA account.

• Drop Private Mortgage Insurance (PMI) when home equity exceeds 20%.

• Restructure high interest debt into tax-deductible low-interest debt.

• Cancel credit life insurance on mortgage, car loans and credit cards

Existing Resources

• Reposition low-interest savings.

• Reposition contributions to mutual funds or brokerage accounts, last year’s tax refund

Increase Income

• Earn tax deductions by starting your own business

• Adjust your W-2 allowances to receive tax refund early

The Rule of 72

Divide 72 by the interest or rate of return on your investment to discover the number of years it takes for your money to double.

That’s the power of compounding.

TIME can be your worst enemy or greatest ally.

No matter where you are in life, the key to building wealth is to begin saving now. The sooner you begin, the less money you will need to put aside to achieve your Financial Independence Number (FIN).

Debt Management

Strategies to Escape the Debt Trap

• Don’t buy a bigger house than you can afford – use the 2.5x annual income rule.

• Don’t buy a fancy car to impress the Jones.

• Don’t take expensive vacations.

• Get your student loan ratio under control.

• To accelerate credit card payments start by paying the smallest balance first and

cascade savings into to the next card and then the next card, etc.

• Restructure high interest debt into tax-deductible low-interest debt

Adequate Insurance

One of the most overlooked elements of portfolio risk management is the failure to have adequate insurance so that if something happens to you, your plan to build wealth can continue on whether you are sick, disabled or die.

Advice

Studies have shown having an advisor to help develop and monitor a plan can produce better results over time. Some of the key factors have to do with managing expectations, staying focused on outcome rather than short-term market volatility with personalized advice through life events.

Your wealth formula:

(Money + Time + Rate of Return)

(High Debt Ratio + Taxes + Severe Market Loss) + Protection = WEALTH

Toni Miller, Investment Advisor Representative

Global View Capital Advisors

1263 Main St.

Suite 213

Green Bay, WI 54302

Office: 920.265.3033

www.tonimillergvc.com

Advisory services offered through Global View Capital Management, Ltd. (GVCM). GVCM is a SEC Registered Investment Advisory Firm headquartered at N14 W23833 Stone Ridge Dr., Suite 350, Waukesha, WI 53188. Toni Miller is an Investment Adviser Representative of GVCM which is affiliated with Global View Capital Advisors. GVCM Supervising office 262-650-1030. Information about GVCM can be found at SEC.gov Global View Capital Management and Global View Capital Advisors are affiliated companies.

Confidentiality Notice: This message is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged, or confidential or otherwise exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by email and delete all copies of the message.

Disclosures:

This is a conceptual/goal developed by Global View Capital Advisors, LTD. (“GVCA”) and is for illustrative purposes only. In no way does it offer, guarantee or otherwise imply wealth and is subjective. The concept of wealth must be defined on an individual basis.

Suggested ways to Find & Save Money is not an exhaustive list, these are just some of the strategies that can be deployed. Before taking action, clients should review such strategies with the appropriate professional legal, tax and financial advisor.

All figures are for illustrative purposes only and do not reflect an actual investment in any product. They do not reflect the performance risks, expenses or charges associated with any actual investment. The Rule of 72 is a mathematical concept that approximates the number of years it would take to double the principal at a constant rate of return. The performance of investments fluctuates over time, and as a result, the actual time it will take an investment to double in value cannot be predicted with any certainty. Additionally, there are no guarantees that any investment or savings program can outpace inflation. Please note that high risk has been historically associated with high returns; although, past performance is not indicative of future results.

Tax and legal advice are not offered by GVCA. Please consult with your personal tax professional or legal For illustrative purposes only and does not reflect any actual investment or insurance product. The information is general in nature and should be reviewed by a financial professional to determine individual needs. Applicable state laws and regulations are complex and subject to change. Personal finance information should be reviewed by the appropriate professional which may entail legal, tax and financial advice.

 

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