10 benefits a client has if they collaborate with a financial advisor

10 benefits that a client has if they collaborate with a financial consultant

1. Financial education
2. Your own financial consultant
3. You will save both time and money
4. You will get the best financial solution on the market to achieve your goals
5. Financial security
6. The possibility of closing a loan earlier if you have or want one
7. The opportunity to help those close to you improve their financial situation through the recommendations you will provide
8. A collaborative relationship throughout the contractual period
9. You will gain a trustworthy person
10. You will receive constant information and support and will be more confident in your own strength by having a solid foundation and building your brick-and-mortar financial house with brick.

10 things he will lose if he does not find out about my services and does not collaborate with a financial consultant:

1. The possibility of benefiting from the best solution in the financial market for his goals
2. He will waste time (time is the most valuable in a collaboration with a consultant), and time means money
3. He will also lose money.
4. He will not have practical financial education, he will not know how to manage his money
5. Most people never put their goals on paper, so they lose the opportunity to create a clearer vision of their own life
6. People will also not know their budget: what are the fixed expenses, what disposable income they have and how to use this disposable income to create a safety net.
7. The lack of a consultant will extend the time to achieve our goals.
8. The possibility of being up to date with information and solutions in the financial market
9. Procrastination costs money, because the financial system in Romania is not in our favor if we do not know how to use the right solutions that will bring us benefits
10. You lose the openness you have to the entire financial market and if you choose to save using the wrong method, you will lose money and trust in the financial field as a whole.

 

CASE STUDY REGARDING THE PURCHASE OF A HOME AND THE EARLY CLOSURE OF THE LOAN.

 

COLLABORATING WITH A CONSULTANT

During the analysis, Roxana helped me have a clear perspective on my objective. (The financial analysis took place in October 2019, and I started the concept in December 2019.)

 

Current situation: I live with my parents/in a dormitory

Problem: Independence and sense of ownership

My involvement: I had not done anything until then :), but I wanted to do something in this direction.

–              In a maximum of 7 years, the house would cost me around 60,000 euros, in an urban area between the outskirts and the city center. I want it to have large windows, 3 bedrooms, 1 living room, attic, 2 bathrooms, library, average surface and yard

–               Savings required for full payment: 715 euros/month (this is where I realized that a loan was necessary)

–                How much could I save? I set 150 lei/month for my financial concept

Need: housing is important because I want my own home and financial security.

-How would I feel if I didn’t manage to reach my goal in 7 years? That won’t happen, but it would definitely be very bad.

–              If there is a solution to close the loan, I want to know about it? CATEGORICALLY!

–               Will you use it if it allows you and doesn’t put pressure on your financial situation? CLEARLY!

 During the consultation, I was shown how I could:

-open a smaller loan for my home;

-close my loan earlier;

– also benefit from financial security;

– also have a passive income;

– and use the concept for retirement ( SOUNDS GOOD 🙂 )

 

 CONCLUSIONS:

Following the calculations made, I will allocate:

– 150 lei/month in the first 2 years

– extra savings 350 lei/month, that is, 500 lei/month in the next 5 years.

With an interest rate of 8% / year, I could withdraw an amount of almost 8,000 for the down payment on my house (without other savings extra to the financial concept prepared by Roxana), thus, I will make a loan of 52,000 euros.

Results:

At the age of 45, I will repay the loan in full (12 years earlier), thus benefiting from a net financial advantage of 12,089 lei.

 

I will deposit a total of 34,400 euros. I will withdraw 40,600.67 euros to close the loan in the 25th year of the financial concept, respectively the 18th year of the loan. Continuing to save for another 15 years, with the help of the capitalized interest I will have at the end of the contract the amount of 26,854.60 euros.

My profit is: 40,666+26,854-34,400 = 33,120 euros

 

Main benefit: awareness. Secondary benefits:

–                 the beginning of the habit of saving and investing in the long term;

–              profitability for my money;

–               possibility of closing the loan earlier;

–                own financial consultant (constant support);

–                Friendly relationship :);

–                And more recently, even a super cool job with very great opportunities.

 

 

 

ACHIEVING A GOAL ON MY OWN:

–                  The lack of a consultant would lead to the lack of a clear vision of my goal;

–                I would not have realized the importance of the financial goal;

–               The period for achieving it would have been extended;

–                The loan would have been larger (higher monthly installment and impossibility of saving more);

–               I wouldn’t be able to close it sooner;

–               I wouldn’t have a safety net;

–               I would have a very large financial loss in the long term.

“Luck occurs when opportunity meets planning.” (Thomas Alva Edison)

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