A Young Technician and Helping Him Realize Financial Freedom

It is so freeing to be able to show this single, working lab technician to be able to save and put his money and get it working harder for him into his future self. Not only that, he's worked so hard to stay out of debt that sometimes life events will turn that all around and now he's back in a mortgage that he literally paid off months ago because things just happen in life. And although he has an aunt who takes care of his finances, he would love to know exactly how finances work so that if something were to happen to his aunt, he would actually know exactly what he has going on for financial advice.

Sitting down with this young man, not only was I able to show him how to become debt-free in a lot sooner amount of time, which was a huge weight off his shoulders in the first place, but I was able to show this mid-30-year-old exactly how much money he needed to save so that he can retire at 60 years old. And given that he did not have any dependents, and wasn't married, it was so important for him to understand that when he does settle down and decide to have children, he would know exactly where he was at.

Interestingly enough, he was already a good saver, except we just needed to get his money working harder for him with options he knew nothing about. And by doing a simple "apples-to-apples" comparison, I was able to show him that his investments that were near 3% at his bank could be doing around 10% with another company.

That makes a huge difference when it comes down to retiring at 60 or retiring a lot later on in life. It's this kind of peace of mind that even young people who don't have children and who don't have a spouse, also need to know.

?

?

Not to mention, he didn't have any kind of protection in case something happened to his health. He did have a mortgage which meant that the bank that he dealt with sold him insurance that was not guaranteed. And as a good advisor, in addition to helping him grow his wealth, it was important that he understood how to protect his wealth and protect his income.

I love what I get to do because not only do I truly protect the people that are in my care, but I also educate them so they understand that it's not about selling them anything they don't need.

It truly is about showing them what they do need so that they can see their financial dreams come true.