Financial Planners Kapaa HI
Aegis Capital Management Inc.
Ongoing Investment Management, Retirement Plan Investment Advice, High Net Worth Client Needs, Socially Responsible Investments, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals
NAPFA Registered Financial Advisor, CFA, MBA
Lihue , HI
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, General Financial Planning, Investment Management, Retirement Income Management
Average Net Worth: $500,001 - $1,000,000
Average Income: $100,001 - $250,000
Guidance Financial Consultants
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Investment Management, Retirement Income Management
Average Net Worth: $250,001 - $500,000
Average Income: Not Applicable
Profession: Not Applicable
5 Financial Mistakes You Should Avoid
Most people are a sucker for a great deal. However, here are 5 things that sound like great deals, but the truth is that they will end up hurting your finances.Money is tight for everyone in these trying times, so everyone is looking for a deal. The problem is the difference between “today” and “tomorrow”. A lot of times what looks like a great deal actually ends up hurting your finances in the long run.
Your financial future will be a lot more secure if you base your decision on the long term outcome instead of just what you will have to pay “today”.
1Car Loans That Are Too Long
The average length of a car loan today is 63 months. Since your car is an asset that depreciates in value, it is a waste of money to pay the additional interest that will be required with a longer car loan.
If you can’t afford a car loan for a 3 year term, you can’t afford the car.
2Buying Sale Items on Credit
Many people get so blinded by the big red “sale” sign and they end up buying items that they don’t need, or they buy too many of them. If you buy these items on credit, the interest negates any savings you received due to the sale.
If the item on sale isn’t essential, you shouldn’t buy it if you have to use a credit card. If it is essential, make sure you pay it off at the end of the month.
3Low Insurance Deductibles
Many people think that getting auto or home insurance that has a very low deductible is a great way to save them money. This means when something happens, your out of pocket expenses will be much lower. However, it also means that you will likely have to file claims much more frequently. That frequently results in your insurance provider raising rates or even declining to extend your policy when it is up for renewal.
Raising your deductible to $1,000 will keep you on the good side of your insurance agent and will reduce your monthly insurance premiums too.
4Paying For a College You Can’t Afford
Everyone wants their child to have the best college education possible. However, it doesn’t make any sense to build up a massive amount of debt to do it. If you can afford a private college and that is what your child wants, go for it. However, if you can’t afford it, you both may have to settle for a less expensive option.
It’s much better to get a good education that you can afford rather than putting yourself in a huge hole of debt.
5Teaser and Variable Interest Rates
The recent mortgage crisis should have taught e...