Give Yourself The Greatest Holiday Gift EVER!

Today is December 6th and it is time to start the credit recovery ball rolling before the holidays!  If anyone is in debt, has less-than-savory credit or is behind on a mortgage, now is the time to make change.  Give yourself the best present of all--peace of mind!  Specializing in all those things and more, I seriously want to help people get on the right track.  Let's start with a FREE financial goals analysis.  To assess where you are and create a plan to get to where you want to be will not cost you a penny!  From there, let's put the plans into action.  There is no upfront fee for this either!  So, wait a minute.  You mean to tell me that you can be on the road to financial freedom without spending a dime of your money until we actually help you?  The answer is YES.  So what are you waiting for?  Pick up your phone and call me today or
click here for more details.

Ms. Q. Harvelle
Financial Services Specialist
1st Choice Family Solutions
(804) 221-6891

Newsletter

My new financial services newsletter will be rolling out on December 1st.  It will be complete with money saving and growing tips and techniques.  To be added to the email list, email me at info@MoneyPlanningVA.com and we will send your copy.  There is NO cost for this newsletter or to be added to the email list!

Be blessed!
Ms. Q. Harvelle
Financial Services Specialist

Change Your Relationship with Money!

Now is the time to change the way you think and feel about your money.  First, and foremost, stop saying phrases like "I'm broke!"  If you think that way and you feel that way, then guess what?  You are that way.  That is not the right way to attract what you want.  You need to attract your money the same way you attract a mate.  You must be excited about getting to know your money.  You must happily and enthusiastically anticipate the arrival of your money.  You must KNOW that you deserve all the money that you have and all the money that is on its way to you.  If you have negative emotions attached to your money all the time, then you will have negative experiences with your money all the time.  When you say things like "I don't have enough money" or "I can't afford that," then you are creating a new situation that will cause those statements to be true.  Try thinking about all the money you want to have and what you feel you deserve.  From there, feel appreciative for what you already have.  If you do this correctly and get rid of those feelings of lack, I GUARANTEE you will see the beginnings of your lifelong abundance if you just open your eyes!  Peace, Blessings & Abundant Wealth!!!

Article on Saving $$$

I thought this was a nice article.  I hope you will enjoy it as much as I have.  I actually use some of these tips too!

http://yhoo.it/cT74hC

Estate Planning

I read an article today that gave me some really good insight on estate planning.  The article made me think about the many people at retirement age who are still getting advice from their Financial Planners and Advisors that is not the best [advice].  Some people are still being told to invest their money as aggressively as a person just entering the workforce.  Why?  That is usually not the best option for someone nearing retirement or already in retirement.  For a person in his or her early 30's, investing aggressively with higher risk vehicles might be okay.  A younger person has more time to bounce back from a bad economy; a younger person may feel the need to stache away more funds for retirement in 30 more years; a younger person may not need to live off of the funds they are advised to invest.  My point is that you should make sure your Financial Planner/Advisor is giving you the best options and advice possible.  The best way to do that is to keep track of how your money is growing for you.  If you are always losing money invested, that's not good.  If your Advisor/Planner is not reviewing or assessing your needs at different stages in your life, then that's not too good either.  I emplore you to answer this question:  Do you think your planning needs will be the same at the age of 35 [with 2 small children and a mortgage] as they would be at the age of 60 [children are adults now and the mortgage is paid off]?  Something to think about.

Super Excited...

About my new website.  I just started a new website to promote my business that I'm really excited about.  The address is http://QHarvelle.webs.com and I can't wait to share it with all my friends! 

Retire Wealthy With the Right Retirement Vehicle

Retirement is not just the end of your working life.  It also signifies accomplishment and a sense of relief for most of us.  If you are in your younger years, then you have heard that Social Security may not be around when you hit retirement age.  How does this affect you?  Well, if you don't properly prepare your nest egg for your golden years, then retirement will be nothing more than a dream.  Unless there will be someone taking care of you, all of the responsibility is on you. 
Of course, if you would RATHER work after retirement, then this doesn't apply to you.  Some people truly enjoy having a job and there is absolutely nothing wrong with that.  I enjoy my job thoroughly; however, when I'm 65 I intend to be doing nothing more than enjoying everything else life has to offer. 
The moral to the story is this: be sure to decide what type of lifestyle you want in your senior years.  From there, figure out what it will take to make that happen.  Your financial planner should sit down with you to help you map out your financial goals [for now and for then].  If you don't know much about an IRA, then why do you have one?  How do you know it is the right choice for you?
You CAN retire wealthy!

To 401(k) or Not to 401(k)

People work hard each and every day to pave the way for a comfortable retirement.  A 401(k) is a great tool used for setting up retirement income for the future.  Many employers also will match up to 6% of your contribution, and you can contribute up to $3,000 per year.  So this is something quite attractive to most employees.  The thing is, though, some people would like to contribute a little more than the maximum allowed of $3,000 per year.  The benefits department at work has neither discussed with the employees how a 401(k) plan works, nor have they helped them decide if this is the best retirement plan for their unique needs.  Their job is simply to offer it to you...not to teach you about it. 
You need to know that other investment vehicles do exist that will allow your PRE-TAX dollars to grow tax-deferred (just as your 401(k) does), but will allow you to contribute as much as you desire.  Thus increasing your net worth as well as your retirement nest egg.  These investment strategies can also yield more favorable interest rates than your 401(k) plan.  I am not saying that your 401(k) plan is not the best for you; however, you want to make sure your financial planner has reviewed your financial goals to help you make the best decision.

Your Health...Your Life Insurance

Life insurance is quite important.  Just remember that your health habits affect your life insurance premiums (payments).  The better you take care of yourself, the better your health will be...and your insurance premiums will reflect that.  Although some insurance does not require a medical exam for most people, there is still a chance that one may be required.  If there is any history of medical problems [within yourself or your family], this could cause the insurance company to see you as a higher risk.  So take care of yourself.  Eat well, sleep well, and live stress free.  Oh, don't forget exercise.  Taking care of yourself will help you get to that "Tax-Free Retirement" income that I talk about.

Mortgage Protection

Real estate is an amazing vehicle for wealth enhancement.  Mr. Donald Trump became wealthy through real estate, as many others have also.  One way to protect your investment is to consider a Mortgage Protection policy.  A mortgage protection policy is a decreasing term life insurance policy that is designed to cover your mortgage in the event of a job loss [or worse].  Ok, let's break this thing down:
Term Life Insurance:  a life insurance policy designed to protect one's life for a specified period of time. The period of time can be 1 year, 5 years, 10 years, 15 years, 20 years or 30 years.
Decreasing Term Life Insurance:  a life insurance policy that has a benefit that decreases along with whatever is being protected.  (Example: a 30 year mortgage in the amount of $100,000 could use a decreasing term life policy in the same amount.  As the mortgage principle amount decreases, so shall the insurance policy's face amount.  When the mortgage is paid off, the face value [ideally] would be zero and the policy could possibly be converted to whole life insurance)
Mortgage Protection:  a life insurance policy protecting your mortgage.  Some policies provide temporary income in the event of job loss.  But in the case of the inevitable, the mortgage would be paid off with the proceeds of the insurance policy.  Thus leaving your loved ones with more security.  They won't have the added responsibility of scrambling to pay off your home. 
Note...mortgage protection insurance is NOT the same as home owner's insurance [which protects the structure of your home against damage], nor is it the same as private mortgage insurance [which protects the lender against the home owner's default]

Leaving Your Legacy

Many of us have a goal of financial wealth at retirement.  We want to make sure we will be provided for in the future.  We also want to ensure that the word "retirement" doesn't mean taking on a part-time job to make ends meet.  It should mean traveling, spending time with grandchildren, or whatever is our bliss.  The key to a comfortable retirement is saving now for what you will need later.  The best way to save is tax-free.  I'm not talking DEFERRED taxes as with your 401(k), I'm talking NO taxes.  This a perfectly legal growth strategy that the IRS will never tell you about.  My job is to teach you how to create wealth for yourself, meanwhile leave a legacy for your loved ones.  For more information, contact me at (804) 221-6891.  I look forward to helping you realize your dream!