Profit Your Life

Profit Your Life I help people break the cycle of poverty, by adapting new mindsets and implementing disciplines.

Spoke to a customer today, and he said he could not afford life insurance, and assumed that he had more time 🤔Here are 7...
02/09/2023

Spoke to a customer today, and he said he could not afford life insurance, and assumed that he had more time 🤔

Here are 7 insights from the interaction:

1. Time makes no announcements in the end, only demands.

2. None of us can foresee our end.

3. Life rarely goes as planned, but preparation paves the way for quicker recovery and rebounds.

4. Life insurance is the foundation of any good financial plan, but its not the entire plan. (i.e. there are many things that should be implemented into a comprehensive financial plan).

5. People who care about their family, legacy, and importance of having certain protections in place don't treat life insurance as a burden; and understand that it is a necessity and not a nuisance.

6. Starting early reduces the costs, while starting late often increases cost, and reduces the level of benefits.

"Procrastination creates delayed rewards, and increased costs."

7. The wording, I can't afford it, is just another way of saying I don't understand the importance of it or I don't care about the repercussions to myself or others.




Know that the seeds you planted are not in vain, for you shall produce a harvest! Sometimes the ground may seem barren,...
02/06/2023



Know that the seeds you planted are not in vain, for you shall produce a harvest!

Sometimes the ground may seem barren, or it may seem as if nothing is breaking ground, it may seem slow or laborious in nature.

Just know soon it will bud and flourish, and all of the seeds you've sown will be worthwhile. Stay the course, and don't quit or abandon course before you've had a chance to see the harvest. keep plowing and tilling the ground.



Let's work together to achieve your goals!

https://lnkd.in/gDwfhbN6

02/06/2023

Money is a tool that has the ability to improve our livelihood, and help us to serve others when used wisely.



02/06/2023

Wastefulness causes poverty to rule our lives, but diligence leads to abundance.

To break cycles of poverty in your life, you must disrupt the way you've been handling your affairs, implement new habit...
02/05/2023

To break cycles of poverty in your life, you must disrupt the way you've been handling your affairs, implement new habits, and disciplines.

Sacrifice for a short time, to achieve your desired results.

Disrupt the ordinary, to experience the extraordinary.

Reach out to get started:
https://calendly.com/goldcompassfinancial/financial-consultation

The latest data shows Americans are saving just 2.3%, or US$2.30 of every $100 they earn after paying taxes, down from 7...
02/05/2023

The latest data shows Americans are saving just 2.3%, or US$2.30 of every $100 they earn after paying taxes, down from 7.5% as recently as December 2021. Historically, that's very low. From 2015 to 2019, for example, this rate averaged around 7.6%.

What does this mean?

It means that most Americans do not have an emergency savings fund, and are not prepared when life happens i.e. job layoffs, sickness, or disability occurs. This causes increased amounts of stress and anxiety, and leave the family in disarray.

While $1,000 is a start it is inadequate to sustain most households.

The goal or trajectory of a good emergency savingd fund should consist of:

1. 3 months of living expenses needed to run your house on a monthly basis such as: Rent, Utilities, Food, Car Insurance, Car Payment, and Gas.

Example: If it takes $3000 to cover your monthly expenses, you would need to save $9000. This is achievable by saving $250 a month for 3 years.

The best way to do this is to put your money in a high interest earning financial vehicle that earns 5% to 8% in interest, with very little penalty for withdraws.

The emergency fund is just a start, there are seven pillars of a good financial plan, that are essential to financial well-being and being prepared for life transitions.

1. Establish a foundation for your estate
2. Establish a plan for retirement (i.e. structure your finances to fit your lifestyle after your working years).
3. Establish a plan for long-term care (i.e. direct your own care).
4. Establish a plan to perserve your income in case of disability or sickness.
5. Establish a plan to generate passive income (i.e. real estate investing, land, stock etc.)
6. Establish a plan to reduce your tax liability before and after retirement.
7. Establish a supplemental strategy to reduce your out of pocket expenses.

You are Valuable!Most people underestimate their value, until something happens that disrupts their life. Don't wait unt...
02/02/2023

You are Valuable!

Most people underestimate their value, until something happens that disrupts their life.

Don't wait until tragedy happens to assess the meaning of life.

Don't wait until sickness, or injury, happens to realize the importance of having an emergency plan or the right benefits in place, to help with your expenses during your time of recovery.

Discover what's available to you Now!

Schedule some time with us today: https://calendly.com/goldcompassfinancial/financial-consultation

You begin to profit, once you start operating from a place of generosity.
01/27/2023

You begin to profit, once you start operating from a place of generosity.

Address

Columbus, OH

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+16145696549

Website

Alerts

Be the first to know and let us send you an email when Profit Your Life posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Featured

Share

Category