MERRILLVILLE, IN / ACCESSWIRE / April 21, 2021 / As a financial advisor with Airey Financial Group, Chase Lowden has a plethora of tips and recommendations that a person should know about when managing their money. Here are just a few that may assist you with your daily life.
1. A small but consistent amount invested over time can really add up to a decent-sized investment. Much of Lowden's work within Airey Financial Group is with the younger generation, and they are often surprised by how little they need to put in each month in order to build up their future. You do not need millions of dollars now to think about investing for the years ahead. Oftentimes, when building your investment account, only a few hundred dollars in contributions are required a month.
2. Investors should seek a reasonable, but not extraordinary return on their capital. What do you expect to be the rate of return over the coming years for your investments? The most common response is never less than 10 percent. This is not always the reality of the situation, but this does not mean that you are investing incorrectly. Make sure not to set your expectations too high and be satisfied with decent returns. If you have unrealistic expectations, you are more likely to participate in high-risk, low-investment grade securities, which could lose you a lot of money.
3. Save first, spend later. Have a set and meaningful amount saved each month, with any money left over to be spent. So long as you are not running a deficit, this is possible to some extent, even if that money saved each month is small. If you are coming up short, the savings should not be the first thing you slash, but rather the spending.
4. Hope for the best, but plan for the worst. "Defensive finance" is important in financial strategy. No one likes to think of the worst-case scenario, but they must be prepared for when it happens, as it is inherently a possibility. These scenarios include loss of a job, unexpected medical expenses, and loss of a family member. These should all be on one's mind when planning their financial futures, and money should be set aside in case these scenarios occur.
5. Work with a licensed professional. Just as doctors have dedicated their lives towards ensuring your physiological wellbeing, financial advisors have done so to help ensure your financial wellbeing. Because they are professionals who know the steps to better your financial position, Lowden recommends working with a licensed professional in order to begin planning around your specific financial situation, like Airey Financial Group.
Chase Lowden's passion for personal finance began early in his childhood. In 2008, Lowden and his family found themselves living out of a car. This situation led him to ponder the financial decisions of his family's life: "If only we had a better grasp on personal finance, we wouldn't be here." This is when Lowden developed this intense interest in finance and financial advising. Through his work, his main hope is to put his clients one step further away from the unexpected predicament in which he found himself in.
Lowden attended Indiana University School of Business and Economics to pursue his newfound finance dream. While studying, he worked in the School of Medicine, which he credits for giving his practice a clinical nature. "I am a physician in the world of personal finance," he described. Just as physicians take care of the pathological needs of one's body, Lowden works to take care of his client's financial health. Therefore, he operates with preventative and active care in mind: he can run real-time diagnostics on clients' financial situations as preventative care and can take intervention for clients who may have made poor financial decisions as active care.
Chase Lowden is an Investment Advisor Representative of and offers securities through OneAmerica Securities, Inc., a Registered Investment Advisor, Member FINRA, SIPC. Airey Financial Group is not an affiliate of OneAmerica Securities and is not a broker dealer or Registered Investment Advisor.
Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice. Investing involves risk which includes potential loss of principal.
Contact:
Company Name: Chase Lowden, Financial Advisor
Contact Person: Chase Lowden
Phone Number: 219-789-7198
SOURCE: Chase Lowden, Financial Advisor