How can Cash Flow and DebtManagement be profitable?
Many financial advisors feelthat talking to clients about debt,or spending, can be time consuming,and will attract a lower quality of client. 48 Creative Dollar Store Organizing and Storage Ideas This is a valid concern. Debt and cash flow management may be very time consuming andcostly to an advisors practiceif they don’t have a streamlinedprocess or an ideal client profile. As it turns out, with the right process,incorporating debt and spending advice I was in Europe weeks ago and one of the coolest things I saw was this Anti Aircraft Tower, or Flak … is highly profitable. Clients with a written debt andcash flow plan don’t waste their hard earned money on inefficient interest,nor do they spend on items thatdon’t really matter to them. The freed up cash flow is harnessedand redirected to the financial plan,where both you and your client profit,big time! Recent statisticstell us that debt is growing,especially among our clientsnearing or in retirement,with a whopping 59 % ofCanadians retiring in debt,so weather you like it or notdebt can and will impact your business.
So you have two choices,face it head on in a way thatimproves your business and your clients lives,or let it hurt you both. Dealing with debt and spendingcan not only increase your sales andyour clients’ net worth,but it can protect your practice from oneof your largest competitors:your clients’ lenders, their bank! The Money Finder can teach you howto use debt and cash flow managementto attract your ideal client,and in the process make your relationshipswith those individuals evenmore profitable than before.