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Many people acquired their first assets--a car, house, or even appliances--through debt financing, with an expressed desire to pay off these debts. Though some were able to pay off their debts, others found themselves in a situation where they had an additional asset but had it offset with a burgeoning liability. In this scenario, people tried to offset the additional debt by realigning their lifestyles around the new asset, transferring the debt into other facets of their lifestyles. In order to pay off the liability, people and businesses would take on new debt; in essence, to pay off one debt, they borrow, leaving them with more debt than they had in the first place.
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Anthony Amaradio, President and Chief Strategist at Select Portfolio Managament, Inc., founded the company after recognizing the growing need for wealth management services for high income clients. Amaradio’s Select Portfolio Management (SPM), Inc. helps people by providing wealth management policies based on the purpose of educating and empowering its clients to help them identify and attain their personal and financial objectives, including avoiding getting buried in debt. SPM helps its clients to control and address risks, diversify the risks, and develop a long-term goal for their assets, inclusive of planning for their eventual retirement.
|Tony Amaradio Photo Credit: spservicing.com|
Growing one’s assets takes deliberate planning and the right knowledge on how to go about it. Learn more about Anthony Amaradio and wealth growth, preservation, and protection at TonyAmaradio.com.