Financial Literacy- Your financial foundation

09/25/2021

Did you know? Knowledge is power

09/25/2021

Rebranded, new price.
Our plans just got cheaper with the same results

09/06/2021

Many are misinformed about finance especially credit. Let me educate you on your rights as a consumer. Credit bureau are for profit not government institutions. Learn to leverage your rights. Ask me about the Labor Day special, TODAY only!

https://www.myuwe.net/default.aspx?rid=lhikichi

09/06/2021

Rebranded, same plans, same all inclusive services but cheaper. We are here to educate and provide financial success for your future.

UWE - United Wealth Education

01/19/2021

WAYS TO IMPROVE YOUR CREDIT SCORE:⠀
⠀
-Pay Your Bills on Time.⠀

-Keep Your Credit Card Balances Low.⠀

-Having a Good History Counts, So Don't Close Unused Accounts.⠀

-Only Apply for Credit When It's Needed, Then Shop for the Best Rates on Loans and Credit Cards.⠀

-Separate Your Accounts after a Divorce.⠀

-Correct Inaccuracies in Your Credit Reports, and Make Sure Old Information Is Removed.
⠀
-Avoid Excess Inquiries.⠀

-Avoid Bankruptcy, if Possible.⠀

-Avoid Consolidating Balances onto One Credit Card.⠀

-Negotiate with Your Creditors.⠀
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NEED HELP?⠀
DM & WE WILL HELP YOU!!!

11/01/2020

Case Study #4: Mortgage/PRA plan.

Client currently has a 15year mortgage
Refinance to a 30 year

Result:
1) Pay the same amount he is paying now -No out of pocket
2) Cash out of $40,000 - He wants to use is as a down payment on a investment property.
3) Stops paying his mortgage in 15 years - PRA pays his mortgage from years 16 to 30
4) Home paid off in 30 years
5) Has a PRA balance of $182,717
6) An optional income of $27,737/year for life
**All this for the same amount he is paying now for the same number of years (15).

And for just for additional of $200/mo in his PRA
1) Cash out of $40,000 - He wants to use is as a down payment on a investment property.
2) Stops paying his mortgage in 15 years - PRA pays his mortgage from years 16 to 30
3) Home paid off in 30 years
4) Has a PRA balance of $341,677
5) An optional income of $45,649/year for life

This is what we do for our clients. If you know anyone interested in learning more about this program don't hesitate to reach out.

09/12/2020

Ever think about being your own bank with a return compound interest?
I have 2 examples below of private reserve accounts (pra) for my children which can be used for college, down payment on a home, car etc. First picture shows if I kept $5k in the bank with 0.5% (usually lower) and contributing $100/ month for 13 years, I would have $21,448.43. Second picture is a (pra) 6% return compound interest contribution $100 a month for 13 years, I would have $33,939.76. That’s a $12,491. 33 difference by putting the same contribution away that works for you. It’s all about how to make money work for you. If you want more information, comment below.

09/08/2020

08/16/2020

I wanted to share how we help our clients so I will be posting case studies of my clients periodically.

Case Study 2:

Client Details - Single Female
1) Age = 34
2) Income = $45,000/yr
3) 401(k) Contributions = $3,150/yr + $2,475/yr Match
4) Current 401k Balance = $32,000
5) Desired Net income at Retirement = $4,500/mo in today's $ or $10,592.51 in 31 years accounting for 2.8%/yr inflation.
6) Yearly income need: $127,110.12
7) Desired Retirement Age: 65
😎 401k Account balance need to have $127,110.12/yr income = $4,539,647.00

No Changes made Results:
1) Income using the 4% rule = $27,402.76/yr
2) Net Income after Taxes at 28% = $19,729.44/yr
3) Yearly Shortfall: $107,380.68
4) Monthly Shortfall: $8,948.39
3) Taxes paid over 35 years of income: $230,183.18

Result after shifting her assets to our Strategies without the 401k Match of $2,475.00/yr.

1) Additional monthly contribution of $405/mo, Result: Yearly Income = $127,497/yr
2) Monthly Income = $10,624.75/mo
3) Only need a balance of $1,068,839.00 NOT $4,539,647.00
4) Taxes paid over 31 years of income: $0
5) Assets will pass on to family tax-free.
6) Extra monthly income of $32.24
7) Extra yearly income of $386.88
😎 She will never run out of money during retirement

She had the extra income to invest and wanted to have a better lifestyle than she has today. Today her Net income is $3,000/mo. But she wanted to have a Net of $4,500/mo at retirement in Today's dollars. Which is $10,592.51 in 31 years with a 2.8% inflation/yr. So she wanted to add more to her investment.

If she wanted to maintain her lifestyle instead of improving it she would only need an extra $138.00/mo instead of $405.00/mo.

No one does what we do! I will put our plans up against anyone in the industry.

08/14/2020

If you have a 400-699 credit score and want a 700+ credit score , I have a connection that 𝐋𝐄𝐆𝐀𝐋𝐋𝐘 𝐄𝐑𝐀𝐒𝐄𝐒 negative things.. repos, foreclosures, late payments, medical, student loans , evictions , and more...

Drop a 🔥 below 👇🏽for info

08/13/2020

Most people take advantage of work place life insurance however most people are under insuranced and if you leave your job you cannot take it with you. Do you know what you have? Let’s review your policies you currently have and make sure you understand what you have. Message me for a free review