Inspire Confidence Group
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Financial Services
About
Our Why: Inspire Confidence. Simplify Life. Reduce Stress.
Our Guiding Principles:
Clients Come First
Family-Focused
Integrity Always
Excellence through Leadership and Teamwork
Pursue Life Balance
Our Credo:
Inspire Confidence Group works to inspire a more confident future for clients through a collaborative advisory experience. Integrity and our clients’ interests are our highest mission. We create a family-focused client experience aimed to simplify life and reduce stress for our clients and team members alike. We strive for excellence through leadership and teamwork. Inspire Confidence Group pursues life balance while making a positive impact in the communities where we live.
Additional Info
Risk Management: What You Should Know
By Brent Makarczyk, CFP® CRPC™, APMA™
Financial Advisor and Managing Partner
How many times have you had an unexpected emergency and needed a cash reserve to deal with it? Car repairs, a roof leak, a health issue that takes you out of work for a month. At some point, it happens to all of us. Believe me, when we had a house fire, I experienced this firsthand and was so thankful we had planned ahead. Managing financial risk is just as important as growing wealth. Unexpected events can derail even the best financial plans. As a financial advisor, I can help you understand, mitigate, and prepare for these risks to ensure long-term financial stability.
Here are key areas where risk management plays a crucial role:
1. Building an Emergency Fund: You need an emergency fund covering three to six months’ worth of essential expenses. This acts as a safety net during unexpected situations like medical emergencies, home repairs, or job loss, preventing reliance on high-interest debt.
2. Having the Right Insurance Coverage Insurance is a key tool in risk management and I recommend:
• Health Insurance to protect against costly medical bills.
• Life Insurance (term or permanent) to provide for dependents in case of an untimely death.
• Disability Insurance to cover lost income if you're unable to work due to injury or illness.
• Homeowners/Renters Insurance to safeguard against property loss or damage.
• Liability Insurance (including umbrella policies) to protect against lawsuits.
3. Managing Investment Risk While investing is essential for wealth growth, I caution against taking too much or too little risk. Diversification—spreading investments across stocks, bonds, and other assets—helps reduce volatility. Position your portfolio appropriately to match timeframe, risk tolerance and your goals.
4. Avoiding Over-Reliance on Debt Excessive debt increases financial vulnerability. Managing debt responsibly, prioritize high-interest debt repayment, and avoiding unnecessary loans that can strain cash flow in times of uncertainty.
5. Protecting Against Identity Theft & Fraud Cybersecurity threats are growing, and I caution clients to safeguard their information. Best practices include monitoring credit reports, using strong passwords, and being cautious of financial scams that could lead to identity theft or financial loss.
Risk is unavoidable, but it can be managed with the right strategies. At Inspire Confidence Group, we help clients prepare for the unexpected by building financial safeguards, securing the right insurance, and making smart investment choices. We are here to Inspire Confidence, Simplify Life and Reduce Stress.
Ready to learn more? Get started by requesting a complimentary initial consultation whenever it’s convenient for you.
