Working at a Bank Does Not Mean That You Know How to Help People With Their Finances

Some people get help from relatives to be able to get ahead financially than most.?

I realize that even when people who appear to have an upper hand, like a lower mortgage due to a hefty down payment from parents, or a career in a bank where it is assumed the employees know financial strategies most people don’t, they really don’t know what to do with this so-called upper hand.

Sitting with a young couple who appear to have great jobs, great equity in their $1.2 million dollar home, and some career years at a financial institution, it is clear that things have not changed since I left my 20-year bank job.

Most people, in general, will not be helped holistically by their banks.

What does that word mean?

A holistic approach to anything means taking everything into consideration because like a well-oiled machine, everything that is intertwined into finances should always have a tune-up.

A simple example, if your car is not running, your mechanic will not have one way he investigates the root of your car’s problem.?He asks questions first, and then he attaches your car to a diagnostic machine that will find things about your car that may not be quite as cut and dry.?Now don’t get me wrong, some problems are obvious.?

But when his questions are not leading to simple answers, then he needs to diagnose further.

The diagnosis for this young couple was the fact they simply were not educated about what it means to have a complete financial plan.

TO make matters worse, in order for most people to have a financial plan in the first place, they need to talk to a financial planner, who on the most part, sees only people with substantial investible assets.

But doesn’t everyone deserve to have a financial plan??Does not everyone deserve to have someone in their corner advocating their every financial move to help their families reach their financial goals?

Showing this young couple how they can not only buy a new rental home but also save enough to retire comfortably meant that they can get into an investment property in 3 years, instead of 10 years.?I also showed them by simply getting their bank investments working harder for them, can also help them retire at 65 years old when at first it did not appear that 70 years old was in sight for retirement.

Lastly, showing these clients that their current insurance strategy was not going to serve them, and how having 20 x more insurance than what they had was what they needed for literally $32 more than what they were already paying.

Do you think it was simple to earn their trust?

It was simply because that is how you help families in the financial industry.?You need to find financial advisors who don’t focus on the one thing that might not be helping your vehicle run, but who focus on the entire vehicle.

And truth be known, our team does not charge to even look at your “vehicle”.?

Our clients always win out in the end.

If you liked this article about one of the many examples of how we help clients, reach out to me at

[email protected] so we can schedule a time to chat!