What makes us so passionate about helping our clients become financially independent?
With over 35 years of experience in the financial services industry, we have seen how following conventional wisdom can lead you astray. What makes us so passionate about helping our clients become financially independent? Growing up in a family that lived paycheck to paycheck really changed Tim’s perspective on life. After following some great advice from Don Blanton and Nelson Nash, Tim realized, maintaining the efficiency of your money and maintaining the liquidity use and control of your money, will let you have financial freedom. It is our goal now to help as many people as we can, become financially independent.
“It’s become our mission to help our clients become financially independent by using these concepts so that they could release the financial stress and pressure and maintain or attain financial engines”
At tier one capital, our mission is to help our clients become financially free. We believe that you should be in control of your money, not the banks, not the financial institutions, and certainly not the government. Today we’re going to tell you a little bit about why we’re so passionate about helping our clients to become financially independent and why liquidity use, and control of your money is the key to becoming financially independent.
A lot of times when we meet with clients, they say, this is so simple and so different, how did you guys come up with this process? Let me tell you a little bit about my journey over the past 35 years in the financial services industry and in order to do so, I want to take you back to my childhood. Growing up in Wyoming, Pennsylvania in a blue-collar family, my dad worked in the coal mines and Thursday night was pay day. On Thursday nights my mom would get my dad’s pay, go to the grocery store and cash the check to pay bills for the next day. Sometimes, however, my dad would come home on a Thursday night and he didn’t have his pay.
So now let’s fast forward to the Christmas of 1993, sitting around my parents kitchen table with my family, reminiscing about the good old days. It certainly came up about the few times where my dad would come home without his pay. It was those times when my mom would load my brother, sister, and I into the car and sit in front of my dad’s boss’s house waiting for him to come home, to get my dad’s pay. Now, as a kid, I had no idea why we were there. I asked my mom, what were we doing there? She said, waiting for dad’s pay. I asked, why didn’t you just wait until the next day? She replied, we lived pay to pay, we needed that money to pay bills. It was at that point that I realized that I was living pay to pay, despite the fact that I was making 10 times what my dad had ever made, despite the fact that I had no dependence. I had a 15-year mortgage, and I was maxing out my 401k.
Yes, embarrassingly, I had credit cards and there were even times when I had to go to my dad and borrow money to pay my mortgage. Why? Because I didn’t have any access to money. It was at that point that I realized that I was living pay to pay, despite the fact that I was making good money and I was following conventional wisdom by the book. I knew at that point that things had to change. It became, from that point forward, my mission to find ways to help people to become financially independent. I was able to figure some things out on own and then in 1995, I was introduced to a guy by the name of Don Blanton, who developed a whole financial planning system around making your money more efficient.
With this system, we’re able to identify where our clients are giving up control of their money, unknowingly and unnecessarily. We look at the five areas of wealth transfer; taxes, mortgages, how you fund your retirement plan, how you fund college tuition for your children and how you make major capital purchases. It was Don’s system that proved that the process of how you use your money is way more important than where your money is. Then in July of 1997, I met a gentleman by the name of Nelson Nash. Nelson taught me that the importance of having access to capital when opportunities come about. Being in a position to take advantage of opportunities only comes to those people who have access to their money. Nelson taught me the importance of being in control of the financing function in your life.
Think about conventional wisdom. It tells us to max out our 401k’s and put extra on our mortgage. But by doing those things, it only makes you look financially free on paper. You don’t actually have access to that capital. When opportunities or emergencies arise, our clients come to us, they look good on paper, they’re making great income, but they’re financially stuck because they don’t have access to capital when they need it most.
It’s in the combination of maximizing the efficiency of your money and maintaining the liquidity use, and control of your money so you have control of your cashflow. You have access when you really need it. Then financial freedom can emerge. It’s become our mission to help our clients become financially independent by using these concepts so that they could release the financial stress and pressure and maintain or attain financial engines.