Brynn Mullen - Financial Advisor

… and just like that we bid Farewell to 2022! 👋

Soon it will be a New Year, and you know what that means?

A time to focus on new goals or even reaching your current goals!💪

Just keep pushing!

With all of the information available to you in books, print media, and the multitude of websites dedicated to personal finance, do you really need a financial advisor?

Before making a decision, ask yourself these questions:
📍Do you have a fair knowledge of investments?
📍Do you enjoy reading about wealth management and financial topics and researching specific assets?
📍Do you have expertise in financial instruments? 📍Do you have the time to monitor, evaluate, and make periodic changes to your portfolio?
📍Doing your own research is a possibility, but to do it right, you’ll need to spend a lot of time keeping current on all of the changes in investing and insurance regulations.

There are also changes in tax laws or other legislation that could affect your financial affairs.
Changes in mutual fund options at your brokerage firm can also have a huge impact on your financial situation. For example, if one of your funds closes, you will need to decide where to put the money.

If you want to handle your finances alone, you will also need to stay abreast of popular financial products and the introduction of new products.

A financial advisor can handle all of that research for you, reducing the cognitive overhead and greatly simplifying the process of investing.

We take the stress off your shoulders, doesn’t that sound good to you?🧐

Wishing everyone a very Happy Christmas! 🎄

Let’s remember to celebrate the things that truly matter in life!

Well, 2️⃣ reasons;

1️⃣Financial advisors are using the same strategy for every generation

Mainly because many advisors are attempting to apply the same strategies to the millennials that were used for the generations before them.. and this doesn’t appeal to them.

Investment strategies have evolved over the past several decades, therefore the process employed by advisors should evolve as well.

This may be as simple as meeting virtually instead of in person, developing effective e-tools for daily service and monitoring, and paperless systems to establish and maintain accounts

2️⃣ Misunderstanding of what a financial advisor can do for the millennial

If the perception is that financial professionals only provide investment and financial planning advice, many (millennials) may question why they can't use tools and resources available online.

If financial professionals can clearly articulate the wide array of services they actually provide, such as tax planning, budgeting, debt guidance, home buying assistance and a network of resources that can meet the needs of younger generations of investors, then they could be more likely to capture these prospective clients.

It's also important to remember many of these younger investors don't know what a real market crash feels like.

So, it is difficult for them to justify paying an advisor to prepare for the downside.

Are you a Millennial who is still unsure about us?🧐

So one of our biggest arguments is why would you choose to have a savings account when you could invest and see your money grow?🧐

Well this is where we ask you, would you rather have a savings account or an investment?

Comment below or feel free to reach out to me directly.

Managing your own money can be overwhelming.😟

Especially if you don’t understand how things work. If you’re here to learn how to be more confident in making financial decisions, you’ve come to the right place!

You’re taking steps to gain personal finance skills, and that’s commendable.

Personal finance skills are essential because, without them, people can spend their entire lives working for money but never getting ahead.
This is why personal finance is important

Getting educated about all things money and how to manage your own financial household can lead you to success!

Personal finance refers to how you manage your money as an individual or family. Managing your money includes how you save, invest, and budget. It refers to tax and estate planning, retirement planning, and insurance coverages as well.

So, why is personal finance important❓
Well, personal finance is necessary because it affects how well you can live your life. Nobody wants to worry about money all the time, right?

When it comes to your finances, you’re on the driver's side. There's plenty of great advice out there to get you started!

Comment … below to start your journey with me!☝️

One of the services we offer is estate planning, but what is it?🧐

Estate planning is one of those things that most people don’t even consider until later in their lives.

It makes sense; the term itself tends to evoke certain cultural ideas about what an “estate” is — rolling green lawns, a centuries-old mansion, a Rolls Royce and a couple purebred hunting hounds in the driveway all come to mind… but actually, its more than that.

Estate planning is the creation, usually with the help of a lawyer and a financial advisor, of an estate plan— a set of documents that legally dictate and ensure that your affairs will be managed by the person you choose to manage them, in the event that you can't do it for yourself (not just after you die).

This is to help you to decide who you want to take over your estate in the future.😃

It can be easy to go overboard on holiday shopping… that’s why it’s important to plan and budget! 🤓

Celebrating doesn’t have to vacuum up all your finances or leave you maxed out for the rest of the month!

Here are 2️⃣ Tips to help you with your holiday spending.

📍Set Holiday Spending Limits
Give your credit card and your mind a holiday by limiting what you buy to what can safely come out of your bank account. Think about how much you can afford to spend.

This money isn’t going to be used to pay the bills, so ensure that you have enough for gifts, and you’re not using what you would need to cover your monthly expenses!

📍Be Realistic About Your Budget
Remember you are in a different financial position to everyone else. Your older brother paid off his student loans five years ago, and he always gets you the fanciest presents. However, if you are in a different place in your financial life, don't feel you have to follow suit!

If you have any doubts as to whether those on your list will appreciate the less expensive presents you buy them, think back to what your friends and family gave to you when their budgets were tighter.
There's no doubt that you'll both be better friends in the new year if you're not creating debt loads for each other this year.

Did these tips help you?

As you prepare for the December holidays and plan the gifts, decorations and other seasonal purchases you expect to make, you might be surprised just how easily holiday spending can get out of control!🫣

If being more thoughtful about managing your money is at the top of your New Year's resolutions, start your holiday planning now.

Don’t let the festive season put you in debt.

Be aware of your finances!☝