Gallant Wealth

11/06/2020

06/11/2020

Everyone spends but the difference for every individual is how they spend or what they spend money on.

Let's do the Math.

Say you "pinch" $5 every day for your morning coffee.

$5 × 7 = $35 (weekly)
$35 × 4 = $140 (monthly)
$140 × 12 = $1680 (yearly)

That's $1680 yearly just for your morning coffee.

That little "pinch" becomes a "handful" over time.

If you have asked yourself where your money goes, it's because this kind of spending habit is often overlooked. What you think is small can be the biggest impact on your financial lifestyle. Likewise, you can take little steps to make a big change and go on the way to your financial freedom.

Let us help you and we'll guide you through every step of the way.

03/24/2020

At Gallant Wealth we are always available to support our clients. In this trying time, we are doing our part to flatten the curve so we have temporarily ceased face to face appointments. However, we will still be available by phone, email, or for a video chat. Please reach out if you have any questions or concerns about the ongoing market volatility. Or if you want to reassess your insurance coverage. Please stay safe and be kind to each other.

01/07/2020

Typically the biggest issues that hold us back are the societal pressures to live a certain way or something out of our control like a divorce or debt.

Regardless of the circumstance, it is important to have a rainy day fund, also known as an emergency fund.

Unforeseen circumstances will arise. It happens to everyone.

The only way to prepare is to set aside some cushion to reduce the blow it takes on your life when it occurs.

There is an incredible sense of safety and security in having a fund like this that everyone should experience.

To determine what your individual next step is, it’s best to meet with Bob, one on one.

Initial meetings are always complimentary and he will provide you with direct advice on your unique circumstances.

Send us a message to get started!

12/29/2019

Are you losing money every month?

If your lifestyle is costing you more than you make each month, you’re in a position where you are “cashflow negative”.

The easiest thing to do, of course, is to reduce spending.

However, you might find this tough if you’re used to a certain lifestyle or may determine that you can’t reduce your expenses at all.

The second option is to increase your income. Meaning it is time to go get a second job or a higher paying one.

Adapting isn’t easy because change makes us uncomfortable, but the results will be greatly beneficial if done right.

If you have any questions or would like some help, don’t hesitate to reach out!

12/21/2019

Cashflow is typically used to determine business profitability.

It is how much you are bringing in versus how much is going out on expenses.

For individuals, we can use cashflow to determine whether or not our paycheck is covering all of our expenses each month.

If it isn’t, we’re likely in trouble and are using a credit card to support ourselves.

However, credit card debt is hard to escape from. So if you are in a negative cashflow position, it’s important that you address this as soon as possible.

If you want to learn more, check out the rest of our content or reach out for your complimentary assessment!

12/13/2019

The first step to take when aiming to improve your money management is to develop a budget.

Regardless of where you are in your financial journey, you need to be aware of where your money goes.

When you’ve gone through with this, you can begin to review and look at where you can cut back to save money.

Take a long term view when you’re deciding where to put the money you are saving.

Consider consulting a financial advisor for support with this.

Our door is always open!

11/24/2019

When do I need a new financial advisor?

We have to determine if the advisor that we are working with is suitable for our needs.

If we don't feel a connection or we don't enjoy the company of the financial advisor, then it’s certainly a good time to seek a new financial advisor.

If you don’t feel comfortable and cared for, it’s important to look at your options.

There are plenty of great advisors in the London area to choose from.

11/16/2019

Expectations for meeting Bob for the first time:

To begin, it’s always crucial we start with your monthly budget.

Where is your money going and what is left over?

I will help you check your finances and we will become familiar with where your income is going.

This is always the most important starting point.

If you’re already familiar with your finances, Bob will be able to recognize where you’re at and provide you with actionable next steps much like this.

11/12/2019

When is it time for a change?

It’s all personality based, you need to feel comfortable with whoever you work with.

One important thing to consider is the attitude of the person you are currently working with.

You need to have a strong trust with your advisor to know that you, your family, and your investments are safe.

If you don’t get along with your advisor, don’t feel like your interests are being served, can’t trust them, or don’t feel they are competent. It’s time for a change.

11/07/2019

Wear Purple Day is on Friday November 15th. How will you ? The 10th Annual Shine the Light on Woman Abuse Campaign is presented by Gallant Wealth and the London Abused Women's Centre