“Finances are ridiculously complicated,” says Financial Advisor Jeff Smith’s in his professional opinion and he would know. He listens to his clients concerns and worries about…when can I retire, how much do I need to save, what stocks should I invest in, and so many more questions. Happy & Healthy host Nira Berry invites you to explore the world of finances, to learn how to handle your finances to minimize stress. Visiting a financial advisor can assist you in understanding your finances and help you learn how to invest for the best results. Jeff explains investing finances with ease and he knows how to help his clients, being a professional for the past 18 years. Watch this episode below to learn what Smith’s advice is for people devastated by Covid-19 who are dealing with huge challenges like unemployment, eviction, hunger… Jeff reminds us that this is short term problem and gives great advice for people struggling. For help you can always look towards your county and charitable organizations. To find assistance in Montgomery County visit MontgomeryCountyMD.gov/Covid19/Get-Help.
For more information, online calculators or questions visit BrightLineFinancial.com.
Advice for your Investments
-Short term problem, make short term choices.
-Don’t over pay your debt. Save First.
-Allow yourself to get in debt, when it is better, like good debt. Good Debt is when we use someone else’s $$$ to grow our personal wealth, i.e. education, home and car.
-Pay Yourself First. Set aside a little money every week because tomorrow you will probably need it more.
-Save What You Can. Invest What You Can. Every year on your birthday give yourself a present and put a little more money away, so you have it for tomorrow.
-Be Patient, delayed gratification = greater wealth.
-Never Panic. Have a Plan. Make a Plan. Stick to a Plan. If you invest for retirement, invest for the long term and take risks if you can afford it.