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 help you “Create Your Own Economy” 

 

Principle 1: Understand 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.

 

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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For Businesses: Learn the importance of working with a knowledgeable tax advisory company that will help you focus on growth. 

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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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For Businesses: Understanding the difference between consumer debt and business debt is a financial gamechanger that will help your bottom-line.  

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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.​

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For Businesses: The IRS code is complex with 6,781 pages of potential tax deductions and credits most businesses overlook. We help our client identify applicable deductions and credits to reduce their tax liability by up to 50%. 

 

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 a solid financial portfolio. 

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For Businesses: Learn strategies to own nothing personally and redirect your wealth potential within a business structure.

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Principle 6: Be Your Own Boss

We truly believe that one of the ways to create true wealth, outside of having a solid financial plan to run your household like a business, 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 Inc. 5000 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

 

Take the first step toward financial success by understanding your money mindset and setting clear financial goals. Schedule a confidential discovery call today, where a financial professional will learn about your current situation, build rapport, and develop a personalized strategy to help you achieve your financial dreams. Your journey to financial freedom starts here!

 

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.