Eight in ten Americans are in debt. That debt is becoming heavier and heavier, and lasting longer into our old age. It’s true that the average healthcare costs, food, and housing prices are rising disproportionately to wages. Debt itself becomes a significant expense, causing us to pay debilitating rates every month without putting a dent in our principle, or getting any return for our payment. However, here at Afortus, we believe that whatever odds are stacked against you, it’s possible to achieve financial freedom through wise management.
When it comes to getting out of debt, the hardest part is getting started. Most people have never learned the base knowledge that one needs in order to effectively manage money. We’re not taught how to understand taxes in school, what compounding interest is, or which laws protect you from being taken advantage of by creditors. Because of this, it’s hard to know which steps you can take to be proactive and get out of debt. Most people look at their financial situation, try to brainstorm ways to cut back on expenses or to gain more money… and then they hit a few discouraging walls and end up giving up or trying not to think about it.
Well, here at Afortus, we sit down to talk with our clients, getting a full view of their financial history and situation before we develop a multi-faceted plan formulated to get individuals out of debt, set up a workable household budget, and start down the road to retirement planning.
A debt recovery plan might include any or all of the following:
Many people think that before they start saving for retirement, they need to eliminate debt completely. However, most of the time, an integrated plan is the best way to achieve your financial goals. Financial stability starts with small and steady steps, and time-honored habits of frugal living and adhering to a budget. Here at Afortus, we believe that financial empowerment can be taught, and we want to do our part to ease the crippling debt and financial confusion that plagues most Americans.
The beautiful thing about an integrated plan is that each area of financial planning interacts to help each other. For example, once you’ve built yourself an emergency fund, you’re less likely to trip into debt for unexpected expenses that arise. As you eliminate debt, it becomes easier and easier to put that money towards retirement instead, and because of the miracle of compounding interest, money that you put into retirement early on grows more than money that you invest later in life.
Our team of professional financial consultants is here to help you. We genuinely want to help families in our community gain more peace and happiness through becoming financially solvent. When we’re free of the burden of debt, and resting easy about our future, we’re able to focus on the important things in life, and be proactive with our dreams and goals.
So, stop in to see us. We promise to take an honest look at your situation without judgment. We’re not here to be critics, but assistants. When you thrive, so do we!