Suite Talk: 4 Wise Wealth Tips for Your Wallet,  Part 5 – Build up your Liquid Savings

Photo by Olu EletuCourtesy of Unsplash

In our final interview with Wilson Lea exploring his article 4 Wise Wealth Tips for Your Wallet, we focus on why it is essential for you to have liquid savings to weather whatever life may throw your way.

“Traditional financial planning says that you should have 3 to 6 months of living expenses … In a perfect world this is true,” Lea says. “Admittedly, this can be difficult to do. You should always have some savings, but while you’re working on the other steps, $1000 should be enough cushion to get you over most things that could come up.”

Listen to learn more!

In case you missed our earlier chats with Wilson stemming from his article 4 Wise Wealth Tips for Your Wallet you can find them here:

Part 1: The Importance of Wealth Management
Part 2: Save for Retirement
Part 3: Pay Down your Debt
Part 4: Budget

As always, join the conversation by letting us know what are your topic financial goals.

Lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.

Suite Talk: 4 Wise Wealth Tips for Your Wallet,  Part 4 – Budget

Photo by Olu Eletu

Here’s Part 4 of our conversation with Wilson Lea of Parallax Advisor taking a deep dive into the subjects covered in his article, 4 Wise Wealth Tips for Your Wallet. In this episode, we talk about the importance of creating a budget.

“This is the hardest one for most people,” Lea says of understanding how folks spend and on what. But, he says, “tracking your expenses will help you understand where your money is going and how it is used. Budgets also help you avoid spending unnecessarily.”

Listen to learn more! Here you can find out Wilson’s advice on saving for retirement and eliminating debt. Next week we’ll talk with Wilson about developing strategies to build and maintain a liquid savings.

As always, join the conversation by letting us know what are your topic financial goals.

Lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.

Suite Talk: 4 Wise Wealth Tips for Your Wallet,  Part 3 – Pay Down Your Debt

Photo by Jim Filipovski

In the third installment of Suite Talk‘s interview with Wilson Lea, based on his article 4 Wise Wealth Tips for Your Wallet, we examine strategies for reducing debt (step one—don’t accumulate any more).

“What I suggest is that you start with the smallest balance credit card and make bigger payments on that card and make the minimum payments on other cards,” says Lea of Parallax Advisors, a boutique wealth management firm based in Irvine, CA. “As you pay off the smaller cards take those payments and move them up with the payments on the next biggest balance.”

With over two decades of expertise, Wilson has a proven track record of helping businesses, executives, retirees and families meet their financial goals.

Listen to learn more! In case you missed earlier portions of our conversation, you can find them here and here. Next week we’ll be talking about creating a budget to better help you achieve your wealth aspirations.

You can also join the conversation by letting us know what are your topic financial goals.

Lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.

Suite Talk: 4 Wise Wealth Tips for Your Wallet,  Part 2  – Save for Retirement

Wilson Lea of Parallax Advisors

Here’s Part 2 of the Suite Talk‘s interview with Wilson Lea of Parallax Advisor exploring his article 4 Wise Wealth Tips for Your Wallet.

In this segment of our chat we focus on saving for retirement.

“This is a must, must, must,” says Lea, a wealth managment advisor with over two decades of experience in finance. “If you are working full time, you HAVE to save your money … Zero percent is not an option. Pay yourself first.”

Listen to learn more!

You can also join the conversation by letting us know what are your topic financial goals.

Lean in, lean back and enjoy!

Share what you’re thinking, leave a comment. Stay connected with the Thinking Good community.