Elevate Financial Co.

08/20/2021

If buying a home is a goal for you in the near future, then prepping for this major financial move is key! 🔑

Allowing yourself 6-12 months of preparation to obtain a smooth pre-approval, will save you time and money! Practicing these tips early on is highly important in ensuring your finances are solid.

Purchasing certainly involves more steps, but setting yourself up for success is the first!

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08/10/2021

✅ GIVE YOUR CREDIT SCORE A BOOST!! ✅

Obviously score matters, either for purchasing a new car, home, or leasing one. So if you have a money goal in mind and need to get you credit right, consider trying one of these tips.

If you’re not exactly sure what choice to make or would like to know more details, schedule a call with me at:
https://www.elevatefinancialandco.com/bookings-checkout/lobby-call/book

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08/06/2021

Take sometime this weekend to try this, organize your money and your life. 📧

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Elavate financial will help you with all your financial needs. Choose a session and elavate your finances.

08/04/2021

👏 DIVERSIFY YOUR INCOME 👏
65% of Self-Made Millionaires have at least 3 streams of income.
Generating money from multiples sources is not only the key for building wealth, but also smart for situations where one source is negatively affected.

Check out our blog for ways to start creating multiple streams of income

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07/06/2021

BUSINESS SERIES:
💰 Creating a business should be simple! If you’re a small business owner or business partner, you’ve probably only ever heard about Sole props or LLCs. Don’t limit yourself, learn and research what business type applies to your business! There are special benefits that each entity provide. Swipe to learn about these most common types.

Check out the link below to learn more about Business Entities in this Part 2 of our Business Series!

https://www.elevatefinancialandco.com/post/business-entities-what-s-your-business-type

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07/01/2021

BUSINESS SERIES:
💡 Have you ever spoken about a business idea to "potential business partner" and later found out they opened a business with your idea? an NDA or non-compete clause could have avoided this. But no hard feelings because most people are not aware or even know they can protect their ideas, work, or intellectual property. So what is an NDA exactly? Glad you asked!

Check out our latest blog post to learn more about NDA’s in this Part 1 of our Business Series!

https://www.elevatefinancialandco.com/post/nda-s-explained

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Elavate financial will help you with all your financial needs. Choose a session and elavate your finances.

05/04/2021

A survey conducted by Charles Schwab found that 59% of Americans live paycheck to paycheck. Meaning- they wouldn’t be able to pay their bills or cover basic expenses if something happened to their payday.

If you’re living paycheck-to-paycheck cutting back to an essentials-only budget, may be the right thing for you. Or even if you’re doing OK right now, it’s still a good idea to find ways to save money.

Living within or below your means can allow you to save for emergencies (more important than ever while we’re living through one), pay off debt, invest for retirement, or help other people who are really struggling during this crisis.

But cutting back can be easier said than done, how do you choose what to cut and what to keep? Let us help, book a coaching session to discuss your money goals. Booking link in Bio ✍🏽

05/03/2021

Many people don’t think too much about their bank account. Once they open one, they just start depositing money in and spending money out. Some people might have a second account they use to save money ... but that’s about it.
There’s nothing wrong with this, but have you ever heard the saying: “Don’t keep your eggs all in one basket?” Multiple savings accounts can become really useful tools to help you manage your spending, keep yourself on budget, and hit your money goals. Check out these three savings accounts that will make your life easier!

04/23/2021

1. On-time payments (35% of your score)
The most important thing: Pay your bills on time! Even if you miss just one payment or pay late, your score can be affected drastically. Late or missed payments may usually have a less effect after three years but may stay on your report for seven to ten years.

2. Credit utilization rate (30% of your score)
How much you’ve spent on your credit cards compared to your credit limit. If you have a $1,000 credit limit and an outstanding balance of $150, then your credit utilization rate for that card would be 15%. Keep your utilization rate as low as possible; this helps to convince creditors that you use the credit you’ve been given responsibly.

3. Age of credit (15% of your score)

Creditors like to see that you have a solid history of managing credit. Your credit report averages together the length of time you’ve had each of your accounts to get your overall average age of credit — so if you had a 2-year-old credit card and a 4-year-old student loan, your age of credit would be three years. The longer the better.
4. Credit inquiries (10% of your score)

When you apply for some type of credit, the company processing your application will need to view your credit report to decide whether they want to lend you the money. They have to get your permission first, because every request the credit bureaus receive on your behalf stays on your report. Typically, three to four hard inquiries a year is considered good, and an inquiry drops off your report after two years. But if you’re trying to boost your score, try not to get any new inquiries for a while. You can also dispute any inquiries that are wrong to get them removed from your report.

5. Types of credit (10% of your score)

The last thing that affects your credit score is variety. The more ,the better, think credit cards, auto loans, student loans, personal loans, etc. This is a sign that you can handle having multiple types at once.

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03/22/2021

One of the biggest failures in our system is basic financial literacy. Not being taught about credit, retirement planning, or investing, is a common struggle for so many people. After working in the Banking Industry, these issues just became more amplified, realizing there was more I could do than just signing people up for products and services. Financial Coaching is about investing in yourself, your future, becoming empowered, and making smart money decisions that will lead you to success. If you are looking to level up, educate yourself, and accomplish your financial goals this year- no BS, contact us!

03/16/2021

Eliminating Debt: During A Pandemic
New Blog Post just uploaded on our Website!
If you are looking to purchase a home soon, boost your credit, or just breathe, LETS ELIMINATE THAT DEBT. Check out these tips and claim your financial freedom!

According to bankrate.com, as of November 2020, Americans carry an average personal debt of $92,727. This figure includes credit card balances, student loans, mortgages and more. The staggering number is a wake up call to pay off any debt, even if your balance isn't as particularly high. While the w...