Broker Check

3 Types of Money

Planning for Your Retirement Requires Sound Investing

We help by educating you on wealth accumulation:

Advanced Capital Group, LLC will show you ways to help you discover opportunities to increase your wealth without decreasing your lifestyle. We educate our clients on the process of wealth accumulation using a five-step process and The Seven Principles of Prosperity™

Three Types of Money:

1) Accumulated Money: represents the amount of money you currently have invested and are currently saving. How would you say you are doing in accumulating the dollars necessary to meet your future retirement needs and goals?

2) Lifestyle Money: represents the dollars that you are spending to maintain your current standard of living, where you live, eat, vacation etc. How much energy would you like to spend towards reducing your present standard of living so that you can save more? You know you need to save more, and you want to do so. We can show you ways to increase your savings efficiency without reducing your lifestyle.

3) Transferred Money: represents the money you may be transferring away unknowingly and unnecessarily. Obviously, if you knew where the transfers were taking place you would have already solved those problems. We feel it is important to begin focusing on money you may be transferring unnecessarily, because this most often has the biggest impact on your wealth over time. By avoiding unnecessary transfers, dollars are freed up to put towards accumulation or lifestyle with no additional out-of-pocket cost.

Plugging the holes:

There are two ways to fill up a bucket with holes:

The first is to plug the holes and the bucket will fill up even if the flow is just a trickle.

The second is to increase the flow into the bucket. Any holes in our wealth building plans or buckets should be plugged before proceeding to the pouring of more in the bucket.

For example, we will address your debt, the interest costs that accompany it, and your taxes before putting more into your bucket. Once we have addressed these major issues, you will have a better understanding of how you can begin to impact your wealth potential by eliminating unnecessary transfers.

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.   |  810-579-5808