Saving and investing work best together and self employed retirement plans are one of the best tools to apply this principle.
Los Angeles, CA (PRWEB) August 08, 2014
With its effort to assist individuals and families obtain financial freedom, Sense Financial explains the kind of principles they use to make their clients of retirement plans for self employed reach their financial goals. As one of the leading providers of Solo 401k and Checkbook IRA, Sense Financial aims to help self employed retirement plan clients and their families become financially equipped as they plan for their future through the proven Biblical principles of financial planning and investing.
Sense Financial, with the participation of Prudent Consulting, facilitates event seminars to further educate individuals and groups become wise stewards of their finances. The concepts they apply are all based from the Biblical principles which are proven to yield success. Based on the bible verses, each makes sense when applied to retirement planning and investing using retirement plans for self employed:
- Goal setting
Retirement planning should be done as early as possible. Setting a goal and working hard to achieve it is important. This determines the kind of life an individual pictures himself or herself in his or her later years.
“Good planning and hard work lead to prosperity.” Proverbs 21:5
- Financial freedom by eliminating debts
This makes sense as debts hinder an individual to grow his income. More than the rising cost of daily living expenses, debts are burdens that could affect an individual’s capacity to save more for the future. If debts exist during retirement age, having financial freedom could be difficult to achieve.
“The borrower is servant to the lender.” Proverbs 22:7
- Investing for the future
Saving for the future makes an individual become confident of his retirement. However, saving alone could not be enough because inflation can affect the cost of living standards in later time. Saving and investing work best together and self employed retirement plans are one of the best tools to apply this principle.
“The wise man saves for the future, but the foolish man spends whatever he gets.” Proverbs 21:20
- Investment diversification
Sense Financial offers retirement plans for self employed that can be invested into passive income investments such as trust deeds, mortgage notes, and real estate rental properties. Other investment options where an individual finds himself good at are also allowed, such as private business, loans, gold and precious metals, tax liens and tax deeds and more non-traditional investment options.
“Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.” Ecclesiastes 11:2
- Preparing for unexpected
Retirement planning involves preparing for unforeseen events. These events could be job loss, sudden illness, accident, and other unexpected things. Preparation for these kinds of situation is very important.
“A sensible man watches for problems ahead and prepares to meet them.” Proverbs 27:12
Sense Financial is California's leading provider of retirement accounts with "Checkbook Control": the Solo 401k and the Checkbook IRA. Over the years, they have assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.
To learn more information about Solo 401(k) for self-employed and learn more about the solutions they provide, please contact: (949) 228-9393 or visit http://www.sensefinancial.com.