Tree Of Life Wealth Advisory Group

09/07/2022

Over the last 15 years, the families I work with have invited me to countless birthdays, weddings, housewarmings 🏡, and retirement parties (which I helped them budget, save and invest for 🥳 woo-hoo!).

I even attended a divorce signing once.💔.

What I’m saying is, my team and I are here for the long term; we’re not transactional. TRUST is our bedrock, it is the foundation of our relationship. It is something I deeply value, cherish and am so grateful for.

Cheers to the next 15! If you haven’t “adopted” us into your family yet, what are you waiting for? 😇

Olga Espíritu, La CFP®️ Latina

🌏 www.womensfinancial.com

taxes

08/25/2022

“Give Your Children the Lifelong Gift of Financial Literacy” (Part II)

TIP 2
Talk to them about what they want to save for and establish a goal.

Next time they beg you for a shiny new toy or gadget, refrain yourself from buying it for them and use it as an opportunity to teach them how to save for it with their hard-earned dollars.

Saving for a hefty goal (and by hefty, it could mean $20), teaches them patience and one of the greatest concepts of personal finance: delayed gratification.

Help them monitor their progress and help them focus by posting a picture of it on the fridge or make a picture graph together that shows how close they are to achieving it.

Once they’ve reached their savings goal, celebrate by going out and buying it. Yes!

As they get older, we introduce the concept of buying power, investing a portion of their savings, as well as charitable giving – which we’ll talk about tomorrow 🙂

Do you talk to your kids about money? Is it taboo for you or your family? Is there something “money-wise” you wish you knew sooner? Share it with me in the comments below, I’d love to hear it!

Set a 15-min. chat for us to begin your financially savvy journey, here:

https://go.oncehub.com/OlgaEspiritu

08/24/2022

“Give Your Children the Lifelong Gift of Financial Literacy”

👧🧒 By age 7, children are already forming an opinion about money whether you speak to them about it or not — they see how you spend it, talk about it or save it (they’re little sponges). They naturally see you buying things for the home and for them, so we can balance that by teaching them that money is also for saving.
For the remainder of the week, I’ll be sharing some tips on how to introduce healthy money habits to your munchkins. 🤸🏻‍♀️

🐷 Step ONE is to buy them a piggy bank, there are also kiddie ATMs that come with debit cards for older kids to get the hang of our cash-less world. You can also add a spending jar as well as a giving jar if they’re older and you wish to expand beyond just saving. More on this tomorrow. 💌

TIP 1️⃣

👉 Give them the opportunity to “earn” money by giving them age-appropriate chores. You can begin this as early as age 3.

🧸 For example, you can ask your child to help you pick-up toys from his/her room or help with laundry. If you pay your 3-yr old $3, you can then talk to them about putting $2 in their piggy bank and keeping the leftover $1 in their wallet for expenses or a treat. Make sure to conclude by saying, “I love to save!” 💖💵🐷

More TIPS tomorrow 😉

🌎 www.womensfinancialplanningboutique.com

08/16/2022

📈 Many assume they will spend less during retirement but health care and medical costs, frequent travel and taxes tend to add up and result in quite the opposite.
✨ No one has ever complained about having TOO MUCH money saved for retirement, I can help you design the future you deserve.
Book the most important conversation you’ll ever have, here: https://go.oncehub.com/OlgaEspiritu
🌎 www.treeoflifewealth.com

08/09/2022

We know it’s difficult to resist a good bargain, but do you know what “Opportunity Cost” is?

When someone spends money, they do so mostly thinking about the new shiny thing they’re going to be walking away with.

Opportunity cost is a way of looking at expenditures by what you are giving up, not what you’ve gained. It may seem obvious but once you spend $1 on something, that is now $1 you can no longer spend somewhere else.

For example, an investor may decide to spend $1,000 on a shopping spree. What is her opportunity cost?

Well, if she had invested that money instead, a $1,000 investment that grows 8% a year for the next 10 years would equal to $2,159.

Now, I’m not saying you shouldn’t treat yourself or enjoy life today, I like nice things too… I encourage the people I work with to establish a healthy balance between the present and the future and I help them choose wisely. 💸💭🛍

If you’d like to learn more about creating a budget, establishing financial goals and building your wealth, schedule some time for us to chat here: https://go.oncehub.com/olgaespiritu

☎️ (954) 500-4252
✉️ [email protected]
🌎 www.treeoflifewealth.com

08/05/2022

📊 📊 One of your best allies when it comes to creating wealth is automating your savings or investments. It is the first step of “out of sight, out of mind–ing” your way to wealth!

💕 Just as you automate paying our bills so you don’t miss a beat, paying YOURSELF FIRST should also be a priority you don’t leave behind. Think of yourself as the most important bill of ALL.

🔎 All you have to do is take an honest look at your income and expenses to narrow down a fixed dollar amount you think you can handle parting friends with each week/pay-period/month.

📆 Then, you pick a date or dates you’d like these funds to be set aside for you. Matching it with the date(s) you get paid usually proves best.

💅 You can adjust the dollar amount up or down, or change these dates, anytime.

💁🏻‍♀️ “Olga, where do I open these accounts?” The best places to open these accounts are places that will only give you online access to your funds.

🌜In other words, you don’t want to be able to use a debit card or have access to another easy way to spend it in a pinch – that’s what your emergency fund is for. 🌛

☎️ (917) 499-9983
✉️ [email protected]
🌎 www.treeoflifewealth.com

08/03/2022

🙋🏻 Today I want to remind you that what makes money valuable is that while we’re earning it, we are exchanging our time for it — and we can’t buy that time back.

💎 Have you figured out how much your time is worth?

Wealth is abundance. It is created by applying your money, resources and knowledge towards building prosperity.

Prosperity means something different to each one of us. It could be having enough money to travel the world at a moment’s notice or to give back to a cause you’re deeply passionate about.

I work with you when you’ve decided you want to build WEALTH, live your bucket-list life TODAY but also ensure that your FUTURE SELF can enjoy life, too.

🤔 If you don’t plan for YOU, who will? ✨

✨Soy Olga Espíritu, La CFP®️ Latina 📈

🌎 www.womensfinancialplanningboutique.com

07/29/2022

“The Taxpayer Roadmap” at a glance. 🎶 Isn’t she lovelyyyy?! 🎶 Well, it depends…

If you own a business, are self-employed or have any 1099/Independent Contractor income…

we can help you identify strategies, deductions and/or tweaks unique to your occupation or business…

so you can keep more of your hard-earned dollars IN. YOUR. POCKET.

Talk to a CERTIFIED FINANCIAL PLANNER that will be on your team, looking out for your best interest — not a commission.

Ready when you are!
📆 https://go.oncehub.com/OlgaEspiritu

02/23/2022

Olga Espiritu, CFP® was interviewed this week for a CNBC article that aimed to dig deeper into so-called KIDDIE TAXES. This is a tax burden that many parents are not aware of till the 1099 arrives in the mail! If you are the parent of a college student that owns an investment account, this admirable move by your child may be inadvertently adding to your TAX BILL. Take a look at the full article below.

If your teen or adult child in college made money with stocks or cryptocurrency, their gains may trigger the "kiddie tax" and a surprise tax bill.

02/09/2022

The market is shaking, this may be the right time to review if you have one or both of the following:
1. Opportunity 2. Unnecessary Risk

Opportunity because… BUY LOW, SELL HIGH — especially if any of your investments are tied to your long term goals, like retirement.

Unnecessary Risk because HIGHER RISK, HIGHER REWARD. LOWER RISK, LOWER REWARD — but sometimes we find that the women we work with are taking elevated levels of risk for a lower level of reward. It just doesn’t justify the added risk, deeming it unnecessary.

If you’re interested in exploring if either of these exist in your portfolio, book a 10-15 min. “Discovery Call” with CERTIFIED FINANCIAL PLANNER™ Olga Espiritu here:

https://go.oncehub.com/OlgaEspiritu

We can’t wait to meet you and welcome you to the family!

02/01/2022

We know it seems there aren’t enough hours in the day but it’s time to make YOU a priority. You’re the captain of this precious ship called “LIFE”, let’s chat about the type of financial decisions and steps you may need to take to live the kind of life you see yourself living. Schedule some time for us to talk about your journey HERE! ⚜️ https://lnkd.in/ee36MNzj ⚜️

We can’t wait to meet you!