Axis Capital Management, LLC

Looking for a Flat Fee Financial Advisor? What is a flat fee financial advisor? If you're preparing to hire an advisor, learn if an advisor who charges a fixed cost is right for you.

🏢 Does your business have its own credit score? You bet your sweet EIN it does! 👨‍💼

While your personal credit score is tied to your Social Security number, your business credit score is tied to an Employer Identification Number — or EIN. This helps you keep your personal financial information private while you build and maintain your business credit score.

1) Why is it important to know your business credit score?
Having a higher business credit score makes financing more accessible & lowers the interest rate on borrowing. You may avoid being required to sign a personal guarantee that makes you personally liable. It can also help lower your insurance premiums.

2) How is your business credit score determined?
Timeliness of payments, your length of credit history, and the amount of debt outstanding are the major components. Sometimes the size of the company and the industry can factor in as well.

3) How can you improve your business credit score?
Pay your bills and expenses on time, apply for a business credit card to build credit, use credit regularly and responsibly, monitor your score, and keep the credit utilization below 30% of your max limits.

Other important things to keep in mind:

- Keep personal and business expenses separate, so you can deduct business expenses against business income and lower your taxes.

- Business credit scores are ranked on a scale of 0 to 100, while business scores using the FICO Small Business Scoring Service (FICO SBSS) range from 0 to 300.

- Anyone can check a business credit score to see how a business ranks!!

If you are interested in learning more about how I help business owners, send me a DM.

Why Financial Literacy is Crucial for Young Investors

Financial literacy is the knowledge of how to make smart decisions with money. It includes preparing a budget, knowing how much to save, understanding impacts to credit, and how different kinds of investments work.

Benefits of financial literacy include:

1. Avoiding financial fraud: People who are financially literate are generally less vulnerable to financial fraud and get-rich-quick schemes.

2. Confidence: Financial literacy invokes confidence. By being armed with the appropriate knowledge about finances, individuals can approach major life choices with greater confidence realizing that they are less likely to be surprised or negatively impacted by unforeseen outcomes.

3. Wealth-building opportunities: Low financial literacy can lead to missed wealth-building opportunities. When young people lack the financial knowledge they need to make informed decisions, they are more likely to become trapped in a cycle of living paycheck-to-paycheck.

4. Investing: At Axis Capital, education is the cornerstone of our investing approach. We work with you to explain how different kinds of investments works so that you are more comfortable with how your money is being invested. We believe this ongoing communication is crucial to developing a positive money mindset.

5. Financial security: Increased financial literacy leads to greater resilience during predictable and unpredictable life events. Learning how to earn, spend, save and invest wisely contributes to overall well-being and stability.

You are enough. Look within for everything that you need. Learn, discover, try, and fail. The growth is in the process, not in the result.

Be sure to always pay yourself first. Put money away into the savings account and the investment account BEFORE you go shopping. Changing this habit will be crucial to your long term financial health.

33% of GenZ & 36% of r unprepared 2 manage their finances, survey from MassMutual. Experian found that roughly 70% of Gen Z and millennials “believe the econ environment is hurting their ability to be financially independent adults.”

"That's definitely something I've actually been reading into, just utilizing life insurance as your own bank. But there's a bunch of questions I have for that." I was able to educate this prospect on the risks and misnomers around infinite banking. I fear I can't save everyone.

Over 95% of day traders lose money. Trading stocks is not a revenue generating strategy.

More than 7/10 millennials said they’re concerned about achieving financial security, compared with 59% of Gen Xers and 43% of baby boomers. Housing, transportation, groceries. Those are the large bills to tackle. Skipping lattes won't get you there.

Not only does it make sense to invest for the long-term, but need to save money in a systematic manner to help tame inflation.

Spoke w/prospect today who assured me that Ameriprise was only charging 1% as a 1-time fee, when the money was moved over. It is sad & scary how much confusion there is around personal finance. Traditional financial advisors should be very concerned about their margins.

Your personal finances are yours alone. They do not require the judgement or approval of anyone else. Elevate your own expectations for your money so that you can achieve what is important to you, and leave the rest behind.

Money Bucketing Strategy: putting money into different kinds of accounts for specific needs/investment timeline. Emergency fund (cash) for immediate access. HY Savings/money market/short term bond fund for short term plans. Brokerage & retirement accounts for long term.

Minimize taxes with Asset Location Strategy: Index funds, ETFs, and tax-exempt muni bonds belong in taxable brokerage accounts. Actively managed mutual funds, taxable bonds, and REITs belong in a tax-deferred account like a 401(k).

Selecting the right healthcare plan during open enrollment is an important part of your financial life. That’s why I work with my clients every fall to help them select the right one, at no extra charge. https://apple.news/Agt4FnuMuRfyS0BE-WjzG5g

Picking individual stocks is like throwing darts at a dart board. Buying an index fund is like standing in front of the dartboard with 5,000 darts and pushing them all into the board at once.