TriCord Advisors, Inc.

Does your spending line up with your VALUES? Building a budget is often a painstaking task. Who wants to be held accountable to their spending or asked to change their habits? We find that the most successful financial plans are built on values. Once we identify differences between our values and our spending, the motivation fuels the change. If you value health and nutrition, does your fast food spending align with your goals? If you are eager for retirement, are you paying down debt and increasing your retirement contributions?

It’s a lot about the WHO when you are building a company. WHO is on your team? WHO is giving you the right advice? WHO is challenging or fueling your ideas? CPA (insert check mark) CFP (insert check mark) Attorney (insert check mark) If you are missing a WHO on your list, come talk to us! We’d love to get your team in place to help build your future. #buildingwealthyhabits #financialfreedomjourney #moneymatters #businessownerslife

Can I retire with $5M in the bank? Can I retire with $2M in the bank? What is your magic number? The answer is…it all depends. It depends on your debt, your cash flow needs, your plans in retirement, etc. Building a financial plan can help answer the question for YOU! Each plan is custom-fit to your household goals, dreams, and plans. Do you have questions regarding retirement? How? When? How much? Start with a plan and breathe freedom into the decisions you make today regarding your future.

Strategic investing is not all about just finding the highest return the market can offer. It’s about finding the return that is right for your portfolio and taking on the lowest risk to get there. What are your dreams? What are your goals? Your answer will inform your investment approach. Experts want to match your investment horizon (timeline), with goals, with risk level.

While working in a #familybusiness has its perks, it also has its challenges. Take for example, when your family dynamics or titles pour over into the office environment. I know for me, day 1 on the job started with a dilemma. Do I call my dad by his first name or by “dad” at the office?! Curious if anyone else shared in a similar experience and what they decided?? Is it DAD or RANDY??

How do you know if it’s time to retire? How do you know if you can retire? What do you need to know before you choose to retire? Retirement often comes with a lot more questions than answers. A financial plan can help answer some of those questions. On episode 58 of #BuildingWealthHabis, we walk you through a case study where we talk about how to find some of those answers. And, if you are ready to figure out your answers regarding retirement, come talk to us! We’d love to help! https://bit.ly/43ptw9N

The internet is filled with financial advice, and they ALL say they have the right answer for you! It’s hard not be distracted or to be a victim of click bait. If you don’t have a plan in place, you are subject to a greater risk. That risk is making a major financial decision without knowing the impact it could have on your long-term finances. Do I buy a larger home? Do I buy an investment property? Do I put all of this inherited money into my retirement? So many questions! It is overwhelming, until you BUILD A PLAN. Come talk to us, we are a planning-first firm. We build the roadmap, and then start on the journey together! #bettertogether 🤝

Don’t wait until retirement to do the things you love! Check off those travel spots from your bucket list! If you can infuse your long-term goals in your plans now, maybe the duration of your working years will extend? You might find more stamina to keep doing what you’re doing, if you can enjoy your lifestyle now. #financialfreedomjourney #moneymatters

Work gets a bad rap. And, yes, Mondays are hard. Tuesdays are hard. Ok, working can be hard… But, what if you could view your profession through the lens of purpose, contribution, and legacy? What makes work your playground? When people come to us asking if they can retire, often what they mean is, “can I stop working at this job and do something that I really want to do?” What is THE THING that gets your wheels turning and inspires you? What is the legacy you want to leave? Let’s make a plan to get you doing the thing you love ASAP

If you are interested in investing in real estate, don’t make the mistake of being TOO EAGER. Timing is everything. Consult with a financial advisor to talk about your options and time the market as best you can. This could have a lasting impact on your portfolio. We’re chatting with Director of Financial Planning, Josh, from @pacificcapital about real estate investing on this week’s episode of Building Wealthy Habits. (https://bit.ly/3XaAgUX).