Debt Solutions

If you’re like most people, you carry some kind of debt balance from month to month – credit cards, a mortgage, student loan, auto loan, etc. At FFG, we understand how overwhelming debt can feel sometimes, but with the right game plan in place, and a little discipline, we can show you how you CAN pay it down.

Before we get into the “how,” it’s important to understand what kind of debt you’re dealing with.

Secured or Unsecured: What’s the Difference?

Secured – This type is asset-based where the asset (i.e. your home or car) is used for collateral. Your mortgage or an automobile loan are examples of a secured debt.

Unsecured – Unsecured debt isn’t tied to any asset. Credit cards, medical debt, student loans, personal loans, etc. fall into this category.

While some debt – like your mortgage or student loans – can be considered “good” in the sense that your home or education will increase in value, paying them off quickly can put you in a much better financial position sooner rather than later!

Request a Free Consultation

FAQS

What is the benefit of working with a financial advisor?

Working with a financial advisor offers numerous benefits. First and foremost, advisors provide expertise and guidance tailored to your unique financial situation and goals. They can help you create a comprehensive financial plan, optimize your investments, minimize taxes, and ensure you're on track to achieve your financial objectives. Additionally, advisors offer peace of mind, knowing that you have a professional managing your financial affairs and helping you make informed decisions.

How do I choose the right financial advisor for my needs?

Choosing the right financial advisor is a critical decision. Start by assessing your own financial goals and preferences. Look for advisors with the appropriate qualifications and certifications, such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA). Consider their experience, specialization, and track record. It's also important to have a consultation or interview to ensure their approach aligns with your values and objectives. Lastly, check for transparency in fees and compensation to avoid surprises.

Do I need to have a lot of money to benefit from financial advisor services?

No, you don't need to be wealthy to benefit from financial advisor services. Financial advisors can assist individuals at various stages of their financial journey, from those just starting to save to those with substantial assets. Advisors can help you create a financial plan, manage debt, set up an emergency fund, and make the most of your resources, regardless of your current wealth. Their goal is to help you improve your financial well-being and work towards your financial goals, whatever they may be.