Who Is M-Powered Financial Solutions?
AvLife.org is M-Powered Financial Solutions website that is devoted to helping educate families on the financial basics necessary to ensure financial security and financial freedom.
Here are the some of the topics we cover.
- Understanding Active VS Passive Income
- Understanding Your Expenses
Manage your income in a way that allows you to achieve financial freedom which means you have a chance at a comfortable lifestyle in the future. By following a guideline of management which includes an emergency savings account, retirement savings, an account for your family’s education, savings for vacations and fun and money to give back or for a loved one in trouble, you are taking care of all categories of income management.
Suggested percentages to manage income and expenses – use regardless of your income amount.
• 30% mortgage/rent
• 30% living expenses – medical, transportation, utilities, food & groceries, life insurance
• 10% for the future (retirement)
• 10% emergency savings / mid term savings
• 10% donations to charity/giving
• 10% entertainment/ vacations/ holidays
Remember, pay yourself first. Manage your money to pay your expenses, invest and save significant amounts of money to meet financial goals and prepare for your future and reach financial freedom. - Benefits of a Second Income Business
- Emergency Savings
Financial security is achieved through financial planning. A significant part of that planning must be an emergency savings account. With it you will be prepared for any emergency or tough times. The question is, how much should you save? How much is enough? The answer – three to six months worth of expenses is a general guideline. Those who are self employed need to save nine to twelve months worth of expenses.
Along with income management, we focus on areas of debt management, savings strategies and asset protection. Call our offices, or enter your name and e-mail address in the form to the right…
Comments
Please let me know more about what you do.
How do you do all this?
Hello Mela,
The main thing we do is educate families about how to get to the place of financial freedom. Part of this is knowing where to refer and help families in need (or in crisis) regarding their home. Many families in the Antelope Valley are facing foreclosure and have no idea where to go to get help or counseling. Many call their banks and get the run around, or stay on hold for hours. Our company is a chapter of a non profit organization that is helping families navigate through the process. We can stop a foreclosure for free and then discuss what the options are. It may be a loan modification, or it could be a short sale.
There may be a need to reduce the debt to income ratio and help people with an appropriate budget for their home. There are resources that we have to plug people into… that is what we do..
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