The Common Approach to Financial Planning
In typical financial planning, there are two types of money in your circle – accumulated money and lifestyle money. We are taught that in order for us to grow our circles, we must move money away from our lifestyle and put it into our accumulated money in order to meet our future obligations. We’ve been led to believe that the only way our wealth can grow is by finding better investments that will pay higher rates of return.
However, in recent times we’ve all seen that these rates of return come with a high level of risk, causing our circles to shrink, not grow. Moreover, forced lifestyle changes can make saving money a resentful and discouraging process. With the financial markets continuing to under-perform, we’re asking you to consider another way.
If what you have always known to be true turned out not to be true, when would you want to know? Schedule your appointment with Barb now and receive a complimentary financial planning consultation.
If what you have always known to be true turned out not to be true, when would you want to know?
A Better Approach to Wealth Management
At Steele Financial, we take a different approach to your financial planning. As a CFP and Money Coach, our Principal Advisor, Barb Steele, works with you to ensure that you have control over your financial planning now and in the future. As a Registered Retirement Counsellor, Barb keeps one eye on your future at all times.
We understand that you have three kinds of money – lifestyle money, accumulated money, and transferred money. Transferred money is money that is leaving your circle of wealth unnecessarily — and usually without your knowledge. Examples of transferred money are: how you pay your mortgage, credit card debt, and taxes, as well as many more.
Your financial planning work with us will focus on three main areas:
- Pinpointing where you may be needlessly transferring money away from your Circle of Wealth and jeopardizing your financial health;
- Recapturing those lost dollars and redirecting them to your accumulated money or to your lifestyle money; and
- Educating you so that you are in a position of control over your money, rather than being dependent on the Financial Institutions and their rules.
Our system for your wealth management means that your risk factor is lessened, your long-term planning is secure, and your lifestyle remains solid. Our clients often ask us how to save money and this process helps make it easy. Barb takes her role as your Money Coach very seriously and will work with you to ensure that you have all the knowledge and skills you need to create the financial future you want.