Spending Plan

 Spending Plan  Debt, Debt Blog, General  No Responses »
Apr 242013
 

spending plan 300x168 Spending Plan What is the first feeling you get when hearing “Spending Plan”? A little bit of excitement, preparedness, and confidence. Those are the feelings you should have gotten. When you hear the word “Budget” most people feel constrained, negative, and frustrated; not the feelings you want to have.

Fundamentally a Spending Plan and a Budget are the same things however the title affects your perspective and initial thoughts going into the mission. We have looked previously at how to make a budget and of course why someone should have a budget. Now it’s time to spin it around for those of you who dislike the word budget and set you up on the right foot. Let’s take a look at where you’re spending your money, and work toward spending more of it on the things you want more.

Continue reading »

Retirement Plan

 Retirement Plan  General  No Responses »
Apr 182013
 

Do you have a retirement plan that will decrease the amount of financial stress on the way there? A retirement plan that will give you enough funds to support yourself for 30 years? Do you have a retirement plan that will allow you to enjoy your retirement? Most people don’t. Since stats are showing that the generation up for retirement, the baby boomers, are incurring MORE debt as the years go on not less; which is the plan. For the younger generations let their struggles of prolonged retirement and financial stresses be an example of what NOT to do.  For those people who have more than 10 years left in their retirement consider these few suggestions to help your retirement plan:

erase debt Retirement Plan 1)      No Debt

Don’t get debt in the first place.  Crazy concept I know but it’s a great one! The thought of not having a credit card might be a little crazy if you’ve ever needed to make an online purchase or reservation. But for day to day living, go back to the time when credit didn’t exist. If you want something plan and save for it. If you can’t afford it you don’t get it. If you are finding that you are coming close to the limits of your income then either lower your expenses or increase your income. Do not get debt. Very simple. Continue reading »

How to Retire

 How to Retire  Controversy  No Responses »
Apr 092013
 

retirement ready1 300x132 How to Retire A person’s retirement is a very important long term goal. But not everyone starts this goal soon enough or with enough emphasis. There is a looming issue with the generation which is up for retirement (the baby boomers) and that is their debt levels.So who knows how to retire? The average household debt has increased from $73,727 to $75,082 in just three years for people 55 years and older. This shows that people are actually incurring MORE debt as they get older, not less; as it should be. It is clear that enjoying a debt free retirement is a situation that not many people will have the luxury of experiencing. Strategic Business Insights’ study showed that in 2010 every 39 out of 100 households headed by 60 to 64 year olds had primary mortgages; this is a 17% increase from 1994. All levels of debt for the 60 to 64 years old age group have showed an increase, including the percentage of second mortgages, which almost doubled from 12% in 1994 to 20% in 2010. [1]

So how do you ensure that you actually reach your retirement goals, and make sure that you have a happy retirement? There is more debt being held closer to retirement these days and there are few key suggestions to ensuring that your retirement is as debt free as possible. If you are within 10 years of retiring here are a few solutions to consider: Continue reading »

Better Business Bureau Rating

 Better Business Bureau Rating  Controversy, General  No Responses »
Apr 012013
 

BBB logo Better Business Bureau Rating Occasionally we get asked why we’re not accredited by the Better Business Bureau and we are more than happy to answer that question, and do so publicly  On personal opinion we believe that the Better Business Bureau is a bit of an “old boys club” not based on solid information and don’t always agree with the degree of importance that is put on their reviews. Now that is not to say that their mission: to weed out bad businesses that don’t adhere to certain standards, is being questioned or discredited. There are, unfortunately, businesses out there that don’t follow a very ethical code when conducting business and don’t have their customer’s best interests at the forefront of their minds and business model, hence a need for checks and balances to be in place. The point we are reaching is that we believe that being considered a better business isn’t just based off of one companies check and balance system. It is based off a much larger audience’s opinion and that opinion is voiced through social settings such as social media and personal testimonies passed on from person to person.

BBB review 300x295 Better Business Bureau Rating Regardless of personal feelings, although we are not officially accredited  we are excited to share that Parley Consulting has a Better Business Bureau rating of A+ (whatever that means). The factors that raised Parley Consulting’s overall score are the length of time being in business, there are no complaints filed with the Better Business Bureau, and the Better Business Bureau has sufficient information on Parley Consulting.

I am very happy to get asked if we are accredited by the Better Business Bureau because it means people are being responsible consumers and taking it upon themselves to get information on the company that they are looking to work with. I am twice as happy to tell people that we are not accredited because we already have the A+ rating based on what the Better Business Bureau knows. We could pay the yearly fee to become accredited and of course nothing would change in regards to our A+ rating, however, Parley Consulting doesn’t agree with frivolous marketing expenses such as these that would make out business costs and thus client prices higher.

We rely on the testimonials of passed clients and business to business colleagues to perpetuate our positive reputation. We encourage clients and colleagues to discuss any issues or recommendations with us personally because we are dedicated to ensuring clients and colleagues have the best possible experience and result through our company. Yes, it is that simple. We have a transparent and open door policy between our company and our clients which we are very proud of.

The Wrong Financial Advisor

 The Wrong Financial Advisor  General  No Responses »
Mar 262013
 

When you are in a situation where you’re looking for a professional whether that is a contractor for your house, a sitter for your children, or even a financial advisor people need to remember that they can say “No Thanks”. Finding the right professional is more than just certifications and letters by their name. It’s about how they make you feel. Some people have the same financial advisor longer than they have their partner or spouse because your money needs TIME to grow. So it’s important that you find one that suites your needs and is compatible with you. Here are three warning signs that you’re speaking to or have chosen the wrong financial advisor.

1. He or she hasn’t asked or doesn’t know about your financial goals.

financial goals 300x225 The Wrong Financial Advisor A financial advisor needs to know what your goals are. They need to know how long of a plan you want to have, the types of returns you’re expecting, and of course your risk level. If you have a 10 year plan and they have you set up for a 25 year plan you can see how there will be some shortcomings and confusion once you hit that 10 year mark. Vice versa is true as well, if you want a 25 year plan and they think you want a 10 year plan you can see how the risk level that you discussed (if you discussed one; which you should ALWAYS do) can be misunderstood and give different results than what you were expecting. If your financial advisor hasn’t asked about your goals you may have picked the wrong advisor. More so, if your financial advisor doesn’t get updated on your financial goals or update you on how you’re progressing towards them every 2-3 years (depending on your investing timeframe) then you should speak to them about being more diligent, or start looking for a different advisor. Continue reading »

Dedicated to Your Success

 Dedicated to Your Success  General, Testimonials  No Responses »
Mar 212013
 

walter schwabe success Dedicated to Your Success “I’ve had the privilege of working on a key project for Randy, and I must say that he has been a terrific client to work with and for. Randy is a man of honour and integrity who has a strong vision and clear goals. Should you have a need to use his services, I have no doubt that you will find him absolutely dedicated to your success.”

-Walter Schwabe,

Chief Evolution Officer, FusedLogic.Inc.

 Posted by at 11:06 am

Why Have A Financial Advisor

 Why Have A Financial Advisor  Debt, General  No Responses »
Mar 152013
 

grow your money Why Have A Financial Advisor We all know something about money; that is a true statement. But we vary in the type and amount of knowledge we have on the subject.  As children we think it grows on trees. As teens we think we’re rich because Mom and Dad still pay the bills while we get to blow all of our part time income on clothes, movies, and food. As young adults we hit some harsh realities about how much it truly does take to live on your own on a limited income either from work, student loans, or a combination of both. It’s during our young adult years that we take a forced interest in money and all the financial world has to offer. Some people take no interest at all, some take just enough information to get by traditionally and then not worry about it anymore. While on the other end of the spectrum some people set a course for the deep end to find out every inch of information that is out there. It is these people that are the financial advisors.

Financial advisors have more than just the obvious function. They can act as a third party extraction tool. By this I mean they can innocently help you be honest with yourself, point out weaknesses in your portfolio you overlooked, and help you either solidify or create actual goals. Let’s go through the hidden advantages a little more in depth: Continue reading »

 Posted by at 12:31 pm

Using Credit

 Using Credit  General  No Responses »
Mar 082013
 

what is credit Using Credit How to use credit.

Most people grow up knowing that credit is important and useful to get you the things you need like a house, an education, and a car. But do people see credit as a tool or just a necessity? How does a person go about using credit as a tool?|

When a person begins their credit life they start off as a reject – harsh I know. But being a credit reject simply means that the algorithm used to calculate a person’s credit score cannot compute the information it is given; because there is none available. Being a “reject” is probably only considered good from a credit perspective because it means that you can influence your credit however you’d like; it’s more than a fresh start, it’s a brand new plate. Continue reading »

Collection Agency

 Collection Agency  Controversy, Debt, General  No Responses »
Mar 012013
 

collection agencies Collection Agency Collection Agencies Exposed

What is a collection agency? A collection agency is a third party company whose job it is to recover money that is owed to a creditor by the debtor, when the debtor is 90 days or more delinquent. The Canadian government outlines some very “useful tips” such as:

  • Don’t panic when you get the mandatory notification in writing of your debt file being passed to a collection agency.
  • Pay the amount you owe if possible.
  • Contact the agency and explain your situation if you cannot pay all at once.
  • If you reach an agreement with the agency, get it in writing.
  • Make sure you get a receipt for your payment and never pay in cash.

Alright, now that we have covered the basics that you should already, let’s get down to the bones of the situation – collection agencies are ruthless. Agents that work there usually have no issue harassing you and making personal attacks in order to get what they want; you making a payment and them making a commission. The bigger your debt the more they will try and collect because the more the collect from you the bigger their profit margin is. This also means the bigger your debt the more on your case they will be. Anyone who has been involved with a cruel and relentless credit collector knows that there is a major stress that comes with the situation. You don’t want to open your mail, you don’t answer your phone, and you literally fear or dread the thought that they could be calling to verbally beat you down again at any minute. So how do you take control? The first step is to know what they can and can’t do. Collection agencies and their agents:

CAN take legal action to seize a secured asset or request the debtor to sign a quit claims; voluntarily returning the asset. Continue reading »

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