Financial advice from Brian Linnekens to help you accumulate wealth and remain debt free

Successful financial planning is not just investing, it is the key to a tension free and prosperous life. Having good financial plans and investing decisions link you to your goals and help you accumulate wealth and remain debt free throughout your life. Brian Linnekens has spent the last 10 years advising some of the most successful and wealthy families in the US. Based on his understanding and experience over the last 10 years, Mr. Linnekens shares his professional advice that has worked for his clients. His advice will help you manage and grow your money. Learn how to build, nurture and preserve money.

Brian Linnekens warns not be mastered by your wants

Brian Linnekens advice on wants

Steer away from Wants

The first and most important financial advice Brian Linnekens gives to accumulate wealth and remain debt free is “not to be mastered by your wants”. To be successful and live a prosperous life first, you need to learn the art of delaying gratification. Delaying your gratification will help you to keep your finances in order. Don’t be in rush to obtain all of your wants. If you have your sight on a thing that you can’t afford to buy, delay until you have sufficient money to buy it. Don’t effortlessly purchase an item on your credit card the minute you want it. Postpone the urge to buy for the time being and wait until you’ve actually saved up the money to afford that item.

Make a good use of your credit cards advices Brian Linnekens

If you want to enjoy the convenience factor or rewards of your credit cards, do not make a habit of putting all your purchase on credit cards. Use your credit cards responsibly and sparingly. Make sure all your expenses are not on your credit card. Limit the use of your credit card and a have a plan to pay the balance ASAP. Make sure you are not spending what you can’t pay back at the end of the month and try to pay your balance in full when the bill arrives. Don’t carry more cards that you can’t keep track of.

Make a budget for your all expenses

Budgets play a critical role in helping remaining debt free and keeping most of your hard-earned cash. Effective budgeting ensures that your expenses are not exceeding your income. Track your money flow. Track your expenses for a month using your smartphone, app or paper and pen and be sure to record every single purchase, no matter how small. Once you are acquainted with your expenses and your money flow, you will realize keeping track of money flow has a big impact on your financial situation. An effective budgeting will help you to make the best decision about how to allocate money.

Practice Target savings for comfortable retirement and emergencies

Practice target savings are very critical for your retirement as well as emergencies. Your savings can save you in your tough financial conditions. Set a maximum target for your savings that you could save in a particular period of time. If you keep saving over a long period of time your savings will grow steadily and be there for you when you need it. If you have savings you don’t have to face bad financial conditions and you will always remain debt free. To save a lot of money over time try to keep your recurring monthly expenses as low as possible. Try not to waste your money, make a prudent use of your money by doing budgeting.

Develop your financial plan with good investments

Investing your money is a very important part of a good financial plan that can be utilized in times of emergencies and retirement. It helps to make sure that all of your hard – earned dollars don’t vanish. The first step in developing your financial plan is to meet a financial advisor who gives you unbiased advice on investment. You will need to protect your wealth by hiring a good financial advisor like Brian Linnekens who can guide you choosing the right types of investments that fit your needs, personality, and goals.

Brian Linnekens advises on drafting a debt collection letter

Sending out a letter to one of your debtors can be quite a task as you need to get your message across without showing any disrespect and providing all relevant information that is necessary for the debtor. Your letter needs to be composed in a polite yet authoritative manner where the debtor gets all the information clearly and you are able to create an urge for the debtor to make his or her payment on time advises Brian Linnekens who has been working within the Debt industry for the past few years.

Brian Linnekens has not only been working with debtors but also has been advising creditors about a variety of topics. Apart from that, Brian also maintains personal blogs where he provides advice to creditors and debtors regarding the various aspects of Debt management. Debt management can be quite tricky for organizations especially while collecting back the money that has been loaned out.

Letters to debtors are a usual activity in any organization that is involved in the debt collection but the letters need to be professional while sending out a clear message to the debtor about the intentions of the agency. One needs to start the letter politely with an airy greeting that tells the customer that the company really appreciates the association of the customer with their organization and is thankful for their cooperation in the past. This will put the customer at ease before he or she runs into the details of the debt.

Next you need to put in the debt details on the letter in big and bold fonts so that a client with poor eyesight does not have a problem in reading the details of the debt. The current installment needs to be mentioned along with the principal outstanding amount, the interest accrued and any extra charges that are there on the client’s account. This will create transparency and confidence among your clients that will go a long way in fostering a comfortable relationship with your client.

If the client has missed out on any payments mention it clearly on the letter and tell the customer how many times you have sent reminders to the customers that have been ignored. Don’t forget to mention the due dates of the payments that have been missed and the dates of the letters that have been sent as a reminder to the customer.

Do not flaunt your connections or power in the letter to scare the customer as it will have a negative impact on the client. Instead you can inform the client that you are transferring his or her debt to a collection agency that specializes in collecting debt from erring clients. You need to offer solutions to the client instead of scaring or instigating him. You can also break up the amount owed into smaller payments that the client is comfortable with for that specify the time and amount that needs to be paid at specific dates. Allow a grace period for the client to make the payment communication for which should be there on the letter.