What is Cash Flow Planning?
The term “cash flow” refers to any cash or assets that you obtain via income, along with incurred expenses. It helps to indicate how much an individual earns versus how much they owe. If one’s income exceeds expenses, then they are considered to have positive cash flow, while if their expenses exceed their income, they have negative cash flow. Cash flow planning helps to allocate income in a more effective manner. It is important to have a cash flow plan in order to regulate spending, while also saving for future endeavors, such as retirement.
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How a Wealth Management Advisor Can Help You
There are many different reasons to hire a wealth management advisor. Whether you have questions about planning for retirement, or you need help crafting a new investment strategy, Menninger & Associates can provide quality advice that is catered to your unique financial situation. As your personal financial advisor, we make it our top priority to fully understand the intricacies of your portfolio. In fact, M&A takes wealth management to another level! We like to develop a client’s balance sheet, to review all their assets and debts. Unlike many financial advisors who focus on the assets, we turn our attention to the clients’ debts, as that is often the area in which we can offer the greatest improvement in one’s cash flow and overall financial health. In fact, reviewing a client’s balance sheet is one of the first things we do in any review meeting, particularly in the early years of a client relationship. We seek to assist in debt reduction and to help clients refinance their debt to lower the amount of money they pay each month. As wealth managers, our ultimate goal is to help our clients grow their wealth, so that they can have the freedom to achieve their financial goals.
Why Hire Menninger & Associates as your Wealth Management Team
You have other responsibilities and important events in your life that take up your time. By hiring Menninger & Associates, you can stop worrying about your portfolio, and trust that when the market shifts or changes, M&A is on top of it.
At M&A, we are experienced and certified professionals that love what we do. We take pride in not only helping our clients, but also educating them on their investments and market trends. If you are in need of wealth management services, give M&A a call today.
