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

 

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 run your household like a business, and manage your finances like a bank to reach your financial goals. 

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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. We will 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

One of the fears of a vast majority of the country is not having enough money for retirement. Our goal is to create an objective financial 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. 

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Principle 6: Be Your Own Boss

We truly believe that the only way to create true wealth, outside of having a solid financial plan, is to own your own business. We will help you develop a plan to not just start a business but build a corporation with systems 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" to reach your financial goals

 

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 call. This will allow a 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.    

 

Your financial professional will:

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• Ask questions to understand your money mindset to align your daily financial decisions to your financial plan.

• Review your income and expenses, assets and liabilities, and net-worth.

• Organize your liabilities (debts) to create a plan to eliminate your debt 

• 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.

• Determine your Financial “Lifestyle” Number (F.I.R.E. Number) and create a retirement plan to help you achieve your financial goals.

• Explore entrepreneurial aspirations and create a business plan and timeline that will map out your financial goals to maximize your earning potential.

• Identify your need for life insurance to provide financial protection for your loved ones and/or business relationships

• Review current investments and life insurance coverage

• We will help with drafting an estate plan. 

• Provide ongoing support. 

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Annual Review

 

We understand that “Life Happens” and your financial goals may change throughout the year. That’s why it’s important to revisit with your financial professional at least annually to determine if your financial goals are still applicable.to your financial plan.