Creating Your Own Financial Health

by Brenda Wilson 08/18/2019

Saving for a down payment, getting your debt eliminated, or wanting to pay for a car in cash; these are all worthwhile financial goals. Although you may think these are hefty expectations that are unattainable, there are ways to achieve them with planning. Creating financial health is achievable with a willingness to see money for what it is: a tool. When you learn how to manage and direct your money, you will be able to put together plans toward the things you want to accomplish.

Evaluate, Eliminate, and Create to Win Financially

Looking at your current income and living expenses can give you an idea of what it will take for you to carve out a path to your destination. You may find your income needs to grow to gain ground. There are a plethora of ways to increase your income. You may need to get a second, or third, job. Develop one of your hobbies into a side business. Sell some of your unused stuff. Think of what services people are looking for and what they will pay to have these done for them and fill that gap. Maybe your path to increasing your income is to go to school for more education. Many professions pay more for added certifications or degrees. Make sure the cost of the additional education will bring enough increase to your future income to be worth your time and the expense. 

A Little Bit of Planning Goes a Long Way 

In addition to increasing your income, you will want to look at the possibility of decreasing your expenses. Write out a budget, look to see what is a fixed expense and a variable expense. Ask the tough questions. Are the payments a necessity or convenience? The things that are not necessarily adding value to your goals, can you do without them? You will have to change the way you approach your lifestyle. Think about making your coffee at home instead of grabbing it on the go - pack that afternoon snack along with your lunch. Make a weekly menu, then a complete shopping list, and take one trip to the grocery store instead of running in on your way home from work when you are hungry. This change will take some time management skills. Prepping your food for the week ahead during the time you would typically choose to do other things, takes discipline. Keep your goals in mind when tempted to order that pizza and rent that movie. 

This week write down two financial goals and how you can achieve them. Your mortgage broker can give you an idea of where you need to be to qualify for a loan, so get some free advice to help you shape your goals.

About the Author

Brenda Wilson

THE SARASOTA PARADISE GROUP - 2018 Craig & Brenda have successfully listed HOMES & CONDOS located in LAKEWOOD RANCH COMMUNITIES, and WATERFRONT, BEACHFRONT, GOLF COURSEs including many unique properties requiring their customized expertise. Many of their clients have relocated from around the globe including year-round and part-year owners. Craig is a Broker Associate and earned the Certified Luxury Home Marketing Specialist and the Certified Distressed Property Expert designation, and is also a New Home Specialist. Brenda is a licensed Realtor and earned her Certified Luxury Home Marketing Specialist along with numerous other designations. The Wilson's have a proven success record with tremendous staff & systems. As top listing agents, their marketing plan is professional, proven and includes an aggressive multi-pronged internet marketing campaign. Married since 1984, Brenda & Craig were both raised in upstate New York near Binghamton, where Craig graduated college with an accounting degree. After remodeling several homes of their own, they moved to Virginia Beach in 1986 to partner a start-up financial service business ALMOST A BANC, offering check cashing, money orders, Western Union and packaging services. Building to 19 locations with over 120 employees and gross revenues in excess of $3 million per year, they sold the company in February 1992 to a Bear Stearns subsidiary. Craig held his Virginia Real Estate license and negotiated dozens of commercial leases for check cashing & tax centers. In 1991, Brenda & Craig started Quick-File Tax Network (similar to H & R Block tax preparation centers). Quick-File Tax Network quickly expanded to 29 offices in Virginia & Maryland – offering Tax preparation services & refund loans. With 100+ employees each season, they processed 4,000 – 7,700 tax returns per season and then sold the business in 1995. Their custom-designed FEEBASE database, training & form kits were licensed by Mellon Bank for use by thousands of other tax offices around the country for several years. In 1994, Craig went to work as a Sales representative for McCarthy Enterprise that included relocating to Rockport, Texas and lots of travel, selling time management systems & journals to manufacturers of leather & vinyl planner covers. During this same time frame, Brenda started her career in Real Estate, working for Coldwell Banker, and then moved to a small luxury brokerage Key Allegro Real Estate in Rockport. Brenda was a Rookie of the Year in 1995 proving herself a valuable asset receiving various awards for top production. In July 1999, the Wilson's made their move to Tulsa, Oklahoma to pursue Bible College for Craig and start their real estate career together. Craig graduated Bible School and worked part-time as a Children’s Pastor for 3 years. During this same time, Brenda & Craig quickly evolved into a top real estate team averaging over 60 sales per year in 2000-2004. During their last year in Tulsa, the Wilson Hometeam was the number one Keller Williams Real Estate Team in the Tulsa Market with 80 sales. Systems were fine-tuned, followed by many happy buyers and sellers. In July 2004, the call of the sunny Gulf Coast climate and sales opportunities led Brenda & Craig to relocate to Paradise on Florida’s gulf coast in the Sarasota-Bradenton area. They transferred to Keller Williams Realty Select and have consistently earned many top production awards annually for the past 13 years. Craig and Brenda's team continues to evolve as their daughter, Jessica Coay, became team administrator in 2016 – working at the office 3 days a week. In 2017 she activated her real estate license and has now joined the team working with buyers and sellers. In 2017, they joined with Fine Properties. The Sarasota Paradise Group gives you the advantage of having multiple agents to hold open houses, show property, and watch the market continuously to assist our clients to navigate their real estate needs! If you’re considering selling or buying a property, let Brenda & Craig show you the benefits of working with an experienced team with a proven plan for maximizing your return. Call Craig & Brenda at (941) 321-8686.