At New Beginning Financial Group, LLC, we have a unique approach to financial planning that consist of our proprietary "Wingonomics" 7 Principles of Money to “Create Your Own Economy.”

 

Principle 1: Change Your Money Mindset

Your situation will not change until your thinking does. Our goal is to help you eliminate what you think you know about money so you can tailor your thoughts around what you need to know about money to create your own economy to build up your human capital, and increase your economic value.

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Principle 2: Control Your Spending

If you can’t manage your income and control your spending, you can’t be in control of your financial future. So, we help you develop a spending plan that gives your money a purpose, process how your money flows, and help you manage your finances like a bank to reach your financial goals using our proprietary strategies, concepts and methods. 

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Principle 3: Eliminate Your Debt

We firmly believe that eliminating your debt, mortgage included, give you access to the capital to build a solid financial portfolio on any income, and in any market. Our goal is to help you get out of debt in 10 years or less using our debt elimination strategies and we hold you accountable to maintain the proper momentum to achieve your scheduled debt free date.

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Principle 4: Reduce Your Taxes

We look at every way you spend and invest your money and create a game plan to make sure every way you are spending and investing your money is working for you as a tax deduction and invested in vehicles that allows your earnings to be tax deferred and/or in some scenarios, tax free.​

 

Principle 5: Build Your Financial Portfolio

Our goal is to create a plan that allows your income to make money in an up and down market by purchasing assets, not potential liabilities, to build passive and portfolio income. One of the fears of a vast majority of the country is not having enough money for retirement. If you are tired of your retirement “assets” being gambled away, we can help you get a peace of mind by helping you create a predictable tax deferred and/or tax free retirement portfolio.

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Principle 6: Be Your Own Boss

We truly believe that the only way to create wealth, outside of having a solid financial plan, is to own your own business. We can help you develop a plan to not just start a business but build a corporation with systems that don’t require you and with business models similar to most Fortune 500 companies.  

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Principle 7: Protect Your Assets

This is a must. Protecting your assets is more than having the proper amount of life insurance coverage; its also about protecting your estate. An estate plan focuses on protecting your assets while you are living and protects your assets from probate.

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How we work with you to help you "Create Your Own Economy."

 

The first step to successful financial planning is to determine your financial goals by understanding your money mindset. A financial professional will take time to learn about your current financial situation through building rapport in a confidential discovery meeting. This will allow your financial professional to become familiar with your current financial situation and develop a series of financial analysis that recommend a financial course of action to help you reach your financial goals.    

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How can a New Beginning Financial Group professional help you reach your financial goals?

 

Your financial professional will:

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• Understand your psychology of life and money behind your financial decision making

• Review your financial needs by identifying your income and expenses, assets and liabilities, net-worth, investments and life insurance coverage

• Identify where your money is going by looking at the most common financial pitfalls (Spending, Debt & Interest, and Taxes) and determine your Financial “Lifestyle” Number (F.I.R.E. Number)

• Identify your need for life insurance to protect your loved ones and/or business relationships

• Help you create an supplemental retirement income stream, alternative to your 401k and IRA

• Determine your long-term tax objectives by establishing a financial portfolio to secure comfortable retirement income streams:

  • Taxed income

  • Tax deferred income

  • Tax free income.

• Create a financial plan and timeline that will map out your financial goals to maximize your earning potential.

• Provide ongoing support. We recommend that you meet with your NBFG financial professional at least once per year to review your financial plan.

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Annual Review

 

We understand that “Life Happens” and your financial needs may change throughout the year. That’s why it’s important to revisit with your financial professional at least on an annual basis to determine if the financial goals are on track.  As your lifestyle changes, so does your life insurance and financial planning needs and your financial professional will be there to insure you have a solid financial plan