The Financial Self Reliance Group is composed of three companies:
Financial Self Reliance, Inc. FSR Certified Public Accountants, Ltd. Covenant Financing Services, Inc.
All three companies share one clear purpose, to help success-oriented business owners, professionals and individuals achieve financial self reliance through both proven strategies and innovative tools. The four major transfers most people experience are:
Interest Paid to Others, Investment Losses, College Costs, Taxes
We all face many additional wealth transfers and these should be addressed at some point, but we believe you need to “move the big rocks” first. Most financial advisors concentrate on getting you the highest rate of return - a noble goal.But we believe - and can prove - that by first eliminating or reducing wealth transfers, you can reach your objective of financial self reliance more quickly.
Interest Paid to Others How does a bank make money?It brings in capital at a low cost of money and lends it to you at a higher cost.If we could show you how to recapture the profit the bank is currently making off you, how soon would you like to know? Investment Losses Until recently “we” never considered investment losses as wealth transfers because “we knew” the stock market would “always” come back.NOT!Our country just experienced a lost decade not dissimilar to one experienced by Japan … and the future looks volatile.We talk with our clients about macro-economic market conditions and design the most favorable investment positions to meet their specific needs.
College Costs College expenses represent one of the biggest outflows parents will ever face.The nationwide cost of college attendance is rising at twice the rate of inflation.Financial Self Reliance, Inc. through its highly successful program, College Planning Relief (CPR) is a stand-out leader in helping families reduce the wealth transfers that take place when paying for a college education.
Taxes
Taxes by definition, are a transfer of wealth from you and me for the “greater good of society”. Doesn’t this quote accurately describe the nature of taxes?But most of us don’t feel we are getting our money’s worth.We want to help you reduce your taxes.But first we have to get you outside the box…the conventional wisdom box. Conventional wisdom says all qualified retirement plans are good for you. Conventional wisdom says 529 Plans and UTMA accounts are good for you.Conventional wisdom may be right for some people, but for most of our clients it is not.
The Financial Self Reliance Group consists of a financial advisory company, a CPA firm and a third party administrator for personal finance companies. These companies share a common goal – to make you financially self reliant so that the decisions you make will be on your terms, not dependant on a third party lender or the government.
The Financial Self Reliance Group 444 N. York Rd. Elmhurst, IL, 60126 Phone: (630)993-8200 info@financialsr.com