Opportunity
One of our advisors was introduced to a newly married career-professional couple. The couple built their respective careers and accumulated substantial debt—a nice home, stylish cars, and credit card bills. When their first child was born, they reduced their working hours, and subsequently, the combined household income decreased.
Solution
We built a comprehensive financial plan that emphasized financial mastery and setting attainable short-term goals. Our advisor demonstrated how making required minimum payments on their credit card debt would impact their continuing financial security. We also helped the new parents open their first retirement accounts and purchase comprehensive insurance plans.
Outcome
The family made positive changes in their financial behavior. In just six months, they eliminated their $40,000 credit card debt. And when she received a year-end bonus, rather than spending it on Christmas gifts as they would have done previously, they applied it to their new, longer-term financial goals.
Next Steps
Learn how Greenwood Capital’s comprehensive and personal approach can help you achieve your unique wealth goals, not only in the short-term, but also set a foundation for the long-term.
Women & Money: Taking Charge of Your Financial Future
Women face many unique financial challenges throughout their lifetime, yet today, women have never been in a better position to achieve financial security.
In our Women & Money Guide, Melissa Bane covers those unique challenges and 6 steps to take charge of your finances and ensure your financial future.
Every investor has a unique story. Your challenges and results may differ. If you would like to request a consultation meeting to discuss your situation with one of our consultants, you may request a meeting here.
This example is inspired by real client scenarios; however, personal details and specific circumstances have been altered to protect client privacy. These examples are for illustrative purposes only and should not be viewed as testimonials or endorsements of our services. Recommendations were tailored to each client’s unique circumstances based on personal information gathered at the time. Due to varying circumstances, the individuals referenced may no longer be clients. Clients are not required to implement recommendations: outcomes will vary based on individual circumstances and whether recommendations are followed.
Melissa D. Bane
CPA, CFP®, PFS®, ChFC
Senior Client Private Advisor
William M. Coxe, Jr.
CRPC™
Private Client Advisor
Meet the Rest
of the Team
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