Frantz M. Fils-Aime

02/23/2024

02/22/2024

Can people do better with a professional? Yes.

For the same reason your haircut/hairstyle will look better if you go to the barber or stylist instead of being cheap.

For the same reason, the average NBA player would destroy the average person on the basketball court.

These people spend 90% to 100% of their time and brain space devoted to their craft while YOU might spend 10% or less. Think about Kobe. Plus they have an insane affinity and level of talent at what they do. Who do you think will be better?

At the beginning, there is no difference between you & the professional but as time passes, the gap widens and explodes. In the hands of a professional who cares & is competent, $500,000 gains an extra $1.4 million compared to it in your hands. I can’t afford to work with a professional is no longer a barrier.

Not everyone can afford the AUM percentage fee structure BUT a commission fee structure allows you to receive help from a financial professional if you are starting out with little. There is a fee structure that works for your situation.

If you lack the time or the knowledge or want someone to watch your six, then working with a financial professional who is competent and who you vibe with might be right for you.

To your financial future.
Frantz financial freedom

02/22/2024

Can people do better with a professional? Yes.

For the same reason your haircut/hairstyle will look better if you go to the barber or stylist instead of being cheap.

For the same reason, the average NBA player would destroy the average person on the basketball court.

These people spend 90% to 100% of their time and brain space devoted to their craft while YOU might spend 10% or less. Think about Kobe. Plus they have an insane affinity and level of talent at what they do. Who do you think will be better?

At the beginning, there is no difference between you & the professional but as time passes, the gap widens and explodes. In the hands of a professional who cares & is competent, $500,000 gains an extra $1.4 million compared to it in your hands. I can’t afford to work with a professional is no longer a barrier.

Not everyone can afford the AUM percentage fee structure BUT a commission fee structure allows you to receive help from a financial professional if you are starting out with little. There is a fee structure that works for your situation.

If you lack the time or the knowledge or want someone to watch your six, then working with a financial professional who is competent and who you vibe with might be right for you.

To your financial future.
Frantz

02/22/2024

Can the market go up and down? Absolutely but your time in the market will result in your money going up overall. There will be ups and downs in between but overall you will go up and have more than if you just saved. Can you take advantage of short-term fluctuations in the market? Absolutely but for the average person, you should dollar cost average and invest for the long-term while you live your life.

02/21/2024

Time waits for no one. True story.

A successful couple who both worked as doctors and each made $1 million per year thought they had time to get their house in order. They had 2 young kids in private school, lived in a great neighborhood, & enjoyed a comfortable lifestyle.

The two were in their young 30s. They had talked to a life insurance agent and had drawn up the papers to each have $2.5 million in coverage. All they needed to do was sign on the dotted line & the first premium would have covered them. Instead, they said we will have time to sign after we take this road trip vacation without the kids.

While on their way to their destination, they were both killed in a car collision. Kids were not in the car. Despite each making $1 million, they did not have any life insurance in place or any investments or a will or a trust or enough money stashed aside to take care of the kids.

The kids moved into a rough neighborhood with an aunt and had to pull out of private school. Their aunt loved them but could not provide the life that their parents had wanted for them.

God told the 5 foolish virgins that the time had expired & He told King Hezekiah to get his house in order.

If your house is not in order, start today. Something is better than nothing. Oatmeal is better than no meal.

To your financial future.
Frantz.

02/21/2024

The preparation and training it takes to just even RUN a marathon is intentional and extensive, it requires high level of commitment. The same does not apply to a sprint unless you want to be the top sprinter in the world. Building wealth requires a long term commitment. When you try to build things fast, they are usually not built to last. Ever try to sprint a marathon?

02/20/2024

Parkinson’s is not only a health issue BUT it is also a financial issue. Parkinson’s in finance or Parkinson’s Law is the action of spending more money as you make more income. This is why making more income is NOT always the answer to your financial troubles. You ACTUALLY need to know what to do with your money otherwise you will spend it down to the last dime every time no matter how much you make. This is why few professional athletes & celebrities achieve true wealth. There is a mental aspect to money. If you grew up in a home where you were conditioned to believe that having a lot of money is a sin/bad, there is a higher chance that you will spend all of your money or pay all your bills instead of thinking how you can invest your money. If you need help making that shift, feel free to reach out.

02/20/2024

A recent survey in 2023 cited that Americans believe that they need $1.8 million to live comfortably in retirement and keep up with inflation. To many, that seems like an unattainable number. However, according to Milken Institute (economic think tank), if you start investing in your early 20s, you can be a millionaire by the time you are 65. If you put $200 away each month and ONLY get a conservative 8% starting at 20, you can have over $1 million. If your parents start your retirement for you at birth ($50/month), you can stand to have $1.3 million. The higher your average rate of return will lead to a higher balance coupled with time on your side & thirdly increasing your contributions.
The point here is to start investing as early as possible and to invest often.

02/17/2024

Investing is more than just putting money in an investment and getting a return back. Invest time & money in yourself emotionally, spiritually, physically and personally. Some returns are tangible while others are intangible.

02/16/2024

Debt is a wealth killer. Well, consumer debt is. The average American consumer debt is $103,358. This includes mortgages, auto loans, student loans, and credit cards. If your debt is not making you more money than what it takes to pay it back, then it is killing you.

02/16/2024

YOU are your first bill, if you do not invest for your financial future, who will?

02/15/2024

What process are you following to hit your financial goals?