The purpose of financial planning is to attain financial security, which everyone defines differently.  In the ideal situation, we start early, establish goals, develop a plan, and consider as many contingencies as possible.  For example, we just helped some twenty something’s with a retirement plan, permanent insurance, and an emergency fund. Assuming they stay the course, they will never have a money care in the world.  However, it does not always work out that way.

A situation that we see all the time is student loan debt and credit card debt that is financially disabling.  It is not uncommon at all to see student loan payments that equate to half or even all of a monthly paycheck!  The client’s goal in that situation is to make more money. Our goal is to develop a strategy to step by step lower monthly payments by reducing debt in an organized manner.  Restructuring debt might mean lower payments, but it means you pay more over a longer period.  We do not follow that approach.  We target debt payments to reduce the monthly payment and reduce the overall term of the debt.

This has you paying less money overall, over a shorter time period.  With hard work and determination, and using a variety of strategies, we have reduced many thousands in debt within 5, 7, and 10 years.