A wedge is used to separate two objects. It first holds an object in place while lifting it further up along the way. It’s a concept that Williams Financial Group applied to building an individual’s finances. This wedge is needed first before applying any other strategies in an attempt to accelerate income.

It is never too late to start saving money you will use in retirement. You can still greatly benefit from the compounding effects of saving and investing. Certainly, the earlier you start the better off you will be in the future. Not saving and investing means that you won’t have anything for later.

Imagine a 401k plan is like a magic bucket that your employer offered you as a gift for working for them. Your employer explains to you that every time you put money into your bucket, they will also put the same amount of money into your bucket. Some employers match contributions of 100% of what you put in, up to 5%. If you put in more than 5% of your income then that is their limit and they will only stop at 5%. Then that bucket is dumped into the stock market in an attempt to receive stock market returns. Some would refer to these plans as free money so its best to participate in this program. 

Building wealth is not sophisticated. The only two ways to do it is either reducing spending or increasing income. Debt is not a financial problem, it’s a behavior problem. Baby steps count too as long as you are moving forward.

Start with creating a plan about what your goals are and how can investments help you get there. There are numerous elements that should determine how you invest your money such as financial situation, investment objectives, tax bracket, investment time horizon, risk assessment, age, experience level in the market, etc…

There are only three things on planet earth that can possibly allow you to take out tax-free money. Those things are a Roth IRA, municipal bonds, and cash value life insurance.

Only you can decide how long it will take. Wealth is a process and not a destination. Typically the more you put into something, the more you can take out. One dollar doubled every year, for twenty years, equals over one million dollars.

The best time to have a map is before you enter the woods. A financial plan is your road map to achieving financial success. Without a map its almost certain that you won’t arrive on time.

There are pros and cons to both. Ideally, its best to do both simultaneously.

  1. Introductions into new churches are the greatest compliment to our services. Simply call us at 888-7-Retire and we will set up everything else that follows.


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