Advisors

Planning Your Financial Future

Planning Your Financial FutureWhy do you need a written financial plan? Would you take a cross-country road trip without a plan or itinerary? Planning a road trip is like planning your financial future.

In the two-minute video below, Mike Larriva uses this analogy to explain how a written plan helps you get where you want to go.

After watching, if you’d like to learn more about our financial planning process, click here.

 

By |2019-08-14T13:59:43-07:00September 9th, 2019|Advisors, Financial Planning, Video Blog|

McCann Honored for Volunteer Work

Mike McCann Honored for Volunteer WorkMike McCann Honored for Volunteer Work with Phoenix-area Scouting BSA organization.

McCann, president and founder of Perspective Financial Services, LLC, received Honorable Mention in the 13th Annual Invest in Others (IiO) Awards for his work with Friends and Supporters of Troop 30 (FAST 30), a local scouting organization. As a result, FAST 30 will receive a $1,000 donation in McCann’s honor.

The IiO Charitable Foundation established its awards program to recognize the charitable work of financial advisors around the world. Advisors are nominated for actively giving back to their communities. Hundreds of nominations are received each year and reviewed by a diverse panel of industry leaders. Awards are presented based on the nominees’ leadership, dedication, contribution, inspiration, and impact on a nonprofit and the community it serves. Click here to read the announcement of the finalists.

McCann, an Accredited Invest Fiduciary® and Certified Financial PlannerTM, was recognized in the “Volunteer of the Year” category. McCann has contributed his time and expertise to FAST 30 in many capacities. For instance, he has served as assistant scout master, Eagle mentor, treasurer and board chair. He has volunteered an average of 20 to 40 hours per month since 2008.

About the Charity

FAST 30 was established in 2007 as the chartering organization for Boy Scout Troop 30 (boys 11-17 years old) and Venturing Crew 2030 (co-ed 14-20 years old) in Phoenix. It became the charter organization for Cub Scout Pack 416 (youth grades K-5) in 2016 and for the first-ever all-girl Scout Troop 3030 (girls 11-17 years old) in Phoenix in 2019.  Because FAST 30 is 100 percent volunteer-run, active leadership like McCann’s is critical to the group’s day-to-day success and long-term sustainability.

“FAST 30 brings people together to teach and guide our boys and girls in a way unlike any other youth organization I’ve encountered,” said McCann. “Ours is a scout-led group, in which the youth are empowered with leadership and decision-making responsibilities. They’re allowed to make mistakes and to solve problems

[within strict safe-scouting guidelines]. With a focus on service, leadership and self-reliance, FAST 30 fosters confidence, adaptability and empathy in our scouts.”

By |2019-08-19T09:31:17-07:00July 15th, 2019|Advisors, Company News|

Focus on Small Habits

Lupe Camargo encourages you to focus on small habits for big results.Financial Planner Lupe Camargo shares a personal story of positive change. Learn how a new focus on small habits helped create the big results she wanted.

It doesn’t matter what personal goals you may want to achieve. Improve your health. Save money. Spend more time with family. By focusing on small habits and little changes in your day-to-day life and environment, you can accomplish big goals and create positive results that will last.

Take five minutes to listen to Lupe’s story. You’ll be glad you did.

 

By |2019-08-14T13:59:46-07:00February 25th, 2019|Advisors, Video Blog|

Create a Vivid Written Financial Plan

How many times have you been told you’re more likely to achieve a goal if you write it down? More times than you can count? Probably. That’s because study after study has proven it to be true. Is it time to create a vivid written financial plan to achieve your goals?

Vividly describing your goals in written form is strongly associated with goal success. People who very vividly describe or picture their goals are anywhere from 1.2 to 1.4 times more likely to successfully accomplish their goals than people who don’t, according to Mark Murphy, CEO of Leadership IQ, a leadership training and research firm.

“Writing things down doesn’t just help you remember, it makes your mind more efficient by helping you focus on the truly important stuff,” Murphy stresses. “And your goals absolutely should qualify as truly important stuff.”

When you take possession of something – an item or an idea – you are more committed to it. Neurologists and psychologists call this phenomenon the “endowment effect.” Thus, writing down a goal gives you ownership of that goal. It becomes “yours,” a part of you, something you want to keep and protect.

That’s just one reason why we encourage our clients to have a written financial plan. It’s a way to vividly picture where you want to go and how you will get there.

We also encourage you to revisit that plan periodically – it’s not chiseled in stone; it’s a living document that changes and adapts as you live your life.

October is National Financial Planning Month.

Charles Schwab’s 2018 Modern Wealth Index survey shows that investors with a written financial plan tend to have greater fiscal discipline and better money habits.

Unfortunately, only 25 percent of Americans have a written plan. At Perspective Financial Services, about 50 percent of our clients have a written plan. If you don’t have a written financial plan, talk with your advisor about creating one.

By |2019-08-14T13:59:47-07:00October 22nd, 2018|Advisors, Financial Planning|

Keep Your Investment Portfolio on Track

In this brief video, Certified Financial Planner practitioner Mike Larriva explains how investment risk and return run parallel to one another, just like railroad tracks. To keep your investment portfolio on track, you need to keep risk and reward in balance.

To help keep your investment portfolio on track – even during erratic market fluctuations – our firm applies time-tested asset allocation and diversification principles to balance portfolio risk and return. Click here to learn more about our investment philosophy and strategy.

By |2019-08-14T13:59:50-07:00February 14th, 2018|Advisors, Investing, Video Blog|