5 Fresh Tips to Help Take Control of Your Financial Future with Financial Planner Jen Reid
Learning how to take control over your financial future can be overwhelming, but you’re not alone! Check out these 5 Fresh Tips to help you you have good conversations around money, understand the numbers you need to know, and take control over your financial future with financial planner Jen Reid.
Jen Reid is the founder of Base is a Financial Planning, CFO + Money management firm working to help clients take control of their finances, build massive wealth and really feel confident when it comes to money and financial planning. Base is not a traditional financial planning firm - no asset under management fees, no high commission products. They are a flat fee for service consulting firm that makes sure clients have the best product and education to have success no matter what.
As one client says, “Jen has given me the tools to be successful in managing my finances on my own. Although I do lean on her for support, I am the one truly learning to do it on my own. Jen has greatly improved my mental relationship with money and finances.”
You can learn more about Jen Reid on her Fresh Starts profile.
5 Fresh Tips to help you take control of your financial future:
Dreaming and having a vision for your finances: What areas of your life would money help enhance? What would you specifically do and how would it help? Why would it help, who would you be doing it with?
You have to know your numbers: People hate the term budgeting but it's something that is simple and boring and will accelerate your finances in more ways than you will ever imagine. It literally takes 5-10 minutes a month to review and go over in your monthly review. You can even pay someone to do the bookkeeping for you but you are the only one that can review and verify that actual number.
You have to invest! It's the easiest way to build long term wealth and passive income so you don't have to work forever - whether you choose the stock market or real estate. Starting can be as easy as $10/month. Use your budget to determine how much you can start contributing - the goal being 10-20%.
Understanding that money is EMOTIONAL! There are going to be things that come up and you know you should be doing them, but you are just not going to do them. Find accountability, support and do the hard work. Remember that just because you feel like something should be done or believe it to be true doesn't actually mean it's true too. We have taken on so many scripts from our parents and people around us - our childhood influences our future so much and that doesn't have to be the only way.
How you pay your financial planner matters! You should only be paying a financial advisor a flat $/hr rate or cost per project - never commission and never what is called AUM or FLAT fee aum.