STONEGATE CAPITAL ADVISORS
Stonegate Capital Advisors is an independent boutique wealth management firm that blends sophisticated institutional portfolio management strategies with a wide range of consulting and planning services. The team provides a comprehensive suite of investment and wealth management solutions to meet the unique needs of high-net-worth individuals, business owners and institutions. Our research drive is time-tested and our investment committee, a team of dedicated advisors with decades of wealth management experience, manages us.
We integrate comprehensive financial planning, estate planning, and business planning, to offer prudent solutions and actionable advice tailored to your unique circumstances. The holistic planning approach enables you to evaluate your goals and decisions across multiple areas and periods of importance in your life, building a lasting relationship and truly setting us apart as your trusted advisor. Our passionate and experienced team is committed to providing you unparalleled and personal advice, service, education, and communication that will exceed your expectations not only today but also well into the future.
Jameson Van Houten of Stonegate Capital Advisors Promotes Being a Smart Saver in 2016: Tips for Accumulating Wealth
There are plenty of simple strategies for starting a sensible savings plan in 2016. One need not be wealthy to build wealth, according to Jameson Van Houten, CEO of Stonegate Capital Advisors in Scottsdale, Arizona. A good way to get started saving at any age is to focus on three factors: health, debt, and food.
Long-term health is a smart place to begin a savings plan. Taking steps right now to improve one’s health can pay huge dividends in the long run. Consider getting a medical checkup early in the year to find out if there are any serious issues that need attention. In addition, it is wise to do an insurance checkup as well, making certain that policies are paid up and are able to cover any serious health issues that might arise.
Keep an eye on food prices
One place where everyone can usually do a bit of budget-tightening is at the grocery store, says Jameson Van Houten of Stonegate Capital Advisors. Because food prices go up with solid predictability, every consumer should do an annual review of the family food budget. Are there items that could be cut? Can some non-nutritious items be replaced by healthier choices? What non-essential foods and drinks can be removed without any difficulty? An emphasis on healthier food choices and changing prices of various food categories can go a long way toward trimming the food budget significantly.
Credit card debt
One area of personal finance that has the greatest potential for saving is credit card debt. For consumers who have any card debt, 2016 is a good time to consider getting rid of it. There is no reason to carry a balance if it is not necessary to do so. Card rates, even for “reasonable” credit cards, are among the first things that smart consumers should cut out of their budgets. Consider paying off the smaller balance cards first and then tackle the larger ones, making a priority of the cards with the highest interest rates.
Credit card debt, food budgets and personal health are three areas where it is relatively easy to find potential savings for just about anyone, regardless of income level or family size. As the cost of food and healthcare go up regularly and because credit card interest is almost universally high, savvy consumers should look to those three categories as a first step toward a comprehensive saving strategy.
Financial expert Jameson Van Houten shares why it is important for young people to make strong financial decisions and how they can start in 2016.
Financial security is important for all individuals, regardless of their age, status, or lifestyle. Jameson Van Houten believes that financial security can lift the weight off of an individual’s shoulders, and makes it easier for them to enjoy their lives without the stress of financial hardships. In order to enjoy this carefree feeling that smart financial decisions can present, it is important that individuals begin planning early on in life, and make smart decisions to ensure that they will be financially sound down the road. Young people especially must realize the importance of this planning, and so Jameson Van Houten would like to share some tips to help them start preparing their financial future now.
- Understand the value of money: Before making large, spur of the moment purchases, it is important that young individuals realize how much that money really means to them. They must understand how many hours will need to be worked before they earn that amount again, and where that money could be better spent. If the money can be of more benefit spent in a different way, those options need to be considered. This is an especially important lesson for young people says Jameson Van Houten, and learning it early will help them make better decisions when they have other financial responsibilities.
- Start retirement plans early: Though not every job will offer benefits like a 401(k) plan, some might. Individuals who have a position that offers them these benefits should be sure to take advantage of them says Jameson Van Houten. Those who do not have a 401(k) option can still begin planning, and can invest part of their paycheck into an IRA. The earlier that an individual starts, the easier it will be to save up for retirement and have a sizable fund. A few years can make all the difference.
- Be smart about credit: It can be very appealing to young adults who have begun receiving offers for their first credit cards as they see it as an opportunity to get the things that they want now without having to work long hours to get them. However, many do not realize just how hard paying back all those cards can be, and they may find themselves in crippling debt before they realize it. Credit cards should be used sparingly and responsibly says Jameson Van Houten, and individuals should also limit the number of cards that they are using to avoid losing track of these finances. It is also important that these individuals do not focus exclusively on using credit cards for large purchases and instead save up to meet these goals.
Making smart financial decisions early in life is essential to secure a future without financial stress, and it is never too early to start making these kinds of decisions. Jameson Van Houten believes that with the right planning, everyone can enjoy a prosperous financial future.
Jameson Van Houten shares his expert financial knowledge with individuals to help them meet financial goals with easy financial tips.
1. Stop eating out: Small expenses are often the ones that add up the fastest and end up costing more in the long run than many expect. Eating out is one of these expenses. Those who eat out several times a week are throwing their money away when they could cook for themselves at a fraction of the cost. It is also important to remember that cutting down other expenses, vacation expenses for example, can be made easy if a family brings their own snacks and beverages rather than buying food along the road. This is a simple change that Jameson Van Houten says will make a huge difference in the long run.
2. Avoid impulse buys: Impulsive spending habits are difficult to break but they must be dropped in order to be smarter financially. Small last minute buys, purchasing things that are on sale just because they are on sale, and spending money on items that realistically will not be needed in the future are all dangerous to a budget and hold back financial goals. Jameson Van Houten shares that it is important individuals ensure they think about each purchase they make before they make it, and if it is something that they do not really need, they should leave it behind.
3. Put a little away at a time for big buys: For those who see a big purchase in their future, such as a large event, schooling, or a vehicle purchase, it is always important to save as much as possible toward that purchase. Being able to pay it all off in cash is even better. Using credit for these purchases can make debt skyrocket, and cost more in the long run. Having a constant savings account and treating it like another monthly expense is a great way to ensure that there is always money going in and that it will cover expenses in the future. A nest egg is also a great thing to have when there is a financial crisis like a medical expense or a lay off.
Making a complete financial overhaul is tricky and can be overwhelming. However, Jameson Van Houten believes that by taking these small steps, the road to financial security can be a much smoother one than many think.
Jameson Van Houten of Stonegate Capital Advisors shares five financial tips that every savvy spender should consider this fall.
Stonegate Capital Advisors understands that many individuals are looking for ways to save money, especially as the end of the year approaches. Having been in the financial planning industry for a number of years, Jameson Van Houten is sharing some of his wisdom with the public in order to assist them in their efforts to save more and spend less.
- Don’t just visualize.
It is easy to envision a financial plan in one’s head. However, it is a completely different story to put that plan on paper as a tangible thing. It is oftentimes easier to stick to a budget if it is all laid out on paper. Planning out where each dollar is going every month will certainly help in budgeting effectively throughout the month and year. Instead of thinking that a budget is constricting, think instead of it as being liberating and a plan for getting what the individual wants in the future.
- Always plan to be debt-free in the future.
Being in debt is never a good feeling. It is for this reason that one of the keys to financial success is to have a plan in place to be debt-free in the future. Jameson Van Houten shares that constantly worrying about making payments is not any way to live and that one’s financial plan should always be to end up debt-free in the future.
- Seek out help.
When budgeting, it is important to talk with one’s spouse or someone with financial experience in order to set financial goals and stick to them. When managing high volumes of wealth, it is prudent to seek out the services of a financial advisor like those at Stonegate Capital Advisors.
- Stop getting into more debt.
One of the mistakes that many people make when trying to get out of debt is that they end up with more debt than they originally had. Instead of making purchases with a credit card that an individual is already behind on, it might make more sense to pay for that item in cash. All of these small purchases can add up at the end of the month if they are not properly accounted for.
- Spend less than what is earned.
At the end of the day, Jameson Van Houten shares that spending more than what an individual earns each month is never a good idea, even if they have the account balances to handle this kind of financial stress. Individuals should consider spending less than what they earn each month so that they have some money to put into savings, rainy-day funds and retirement accounts.
For more financial tips and information, contact the financial planners at Stonegate Capital Advisors.