Buena Vista, CO, January 30, 2010 --(PR.com
)-- People’s Financial Advisor (PFA) www.peoplesfinancialadvisor.com , a leading provider of online fiduciary financial planning services, today unveiled its Financial Indicators used to represent consumer’s Financial Habits.
Mr. Robert Schumann, Chief Advice Officer at People’s Financial Advisor explains: “People who practice good health habits are more likely to enjoy physical independence than those who smoke, eat junk food and don’t get enough sleep or exercise. Clients who implement The Five Fundamentals of Fiscal Fitness© achieve Financial Independence and move successfully through the financial stages of life.”
Cambridge’s Five Fundamentals used by PFA are:
Always save at least 10% of annual income
Always have sufficient liquidity
Fully fund qualified retirement plans (e.g., 401k, 403b, IRA)
Buy the right house for your budget and be a savvy real estate investor
Pay off credit cards and consumer debt
Mr. Schumann added: “These five principles are guidelines for sound financial decision making. There are exceptions to these five rules, but the exceptions do not nullify the general principles anymore than catching a rare disease nullifies the fundamentals of good health. We can use financial ratios to measure how well you are implementing the Five Fundamentals of Fiscal Fitness©.”
Mr. David Ron, Co-Founder & CEO of People’s Financial Advisor said: ““The Five Fundamentals of Fiscal Fitness are powerful because they incorporate the wealth building concepts of budgeting, tax efficiency, risk management, leverage, diversification, and asset protection. We developed visual indicators that tell you in a simple green, yellow, and red colors where you stand.”
About People’s Financial Advisor
People’s Financial Advisor is a leading provider of fiduciary financial planning services. Designed to help Middle America gain financial independence and peace of mind, convenient online services are balanced with interactive advisor consultations. People’s Financial Advisor offers a robust portfolio of services based on a proven behavioral finance approach called the Cambridge Methodology. Services include a free online assessment, online financial planning development tools and advice dealing with all aspects of financial decisions, opportunities and options. For more information please visit www.peoplesfinancialadvisor.com.