Remodel Tampa Bay Spring/Summer 2015

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Remodeling Your A QUICK GOOGLE SEARCH FOR THE PHRASE “REMODELING YOUR FINANCES” SPITS OUT NUMEROUS RESULTS, FROM DO-IT-YOURSELF REMODELING TIPS TO HELP YOUR BUDGET, TO HOW TO FINANCE A HOME REMODEL. CLEARLY, THE MAIN CONNECTION THAT THE MAJORITY MAKES BETWEEN “FINANCES” AND “REMODELING” IS HOW YOU CAN USE DIFFERENT FINANCIAL STRATEGIES TO REMODEL YOUR PHYSICAL LIVING SPACE. WHY IS IT THAT NO ONE SEEMS TO MAKE THE CONNECTION THAT THEIR FINANCIAL LIFE IS ALSO A PHYSICAL STRUCTURE THAT MAY BE IN NEED OF A REMODEL? Aside from your home, the most important structure in your life is that of your finances. However, many people don’t see their finances as a physical, living thing that needs to be nurtured, evaluated, and have a sound framework in place to support a healthy structure that can withstand the elements. Instead, many of us bounce around between different monetary decisions and actions, without any idea of how everything is working together. Sound familiar? The Financial Junk Drawer A side effect of life keeping us busy, we rarely have time to sit down and clarify our thoughts regarding our financial process. So, the junk drawer is created, and is the place where all things financial tend to end up: wills, insurance policies, investment statements, trusts, and so on. Many people think that their financial junk drawer creates a rhyme or reason behind their decisions and actions because it’s their “system.” But opening our junk drawer and sifting through the pieces tends to become a daunting task, so traditional techniques teach us to distribute our information among multiple advisors and institutions for them to manage. While not uncommon, this separates the pieces of your financial puzzle onto numerous, uncorrelated paths, each one operating according to a different agenda, making it almost impossible to see the collective end result. I like to compare this method to trying to play chess without a chess board: How can you see if you’re making the right moves? How can you see your standing in the game? How can you see and respond to the moves your opponent is making? Remodeling Your Financial House A framework to give your financial life structure is just as essential as a game board is for playing a game of chess. And while many people think that their finances are too intimidating to make sense of on their own, the junk drawer almost enhances this intimidation because of its inherent disorganization. A worthy framework for your finances should begin at the first step on the path to financial success: financial organization. As the main function of The Living Balance Sheet®, the digital platform that we provide to our clients, this tool allows you to pull in all of your financial information, and then break down its complexity into four domains; just as there’s a right way to build a house, there’s a right way to build your financial structure, and The Living Balance Sheet® allows you to start from the ground up. Cash Flow serves as the foundation from which your wealth is built and sustained. This domain offers insight into your spending habits, the allocation break down of your income, and if your wealth is growing or dwindling and how fast either one is happening. 12 Remodel Tampa Bay Spring | Summer 2015
Financial Hou$e The Living Balance Sheet ® Written by Scott Jarred PROTECTION If you are sued If you get sick In your will If you die ASSETS Personal Property Savings Investments Retirement Real Estate Business Total LIABILITIES Short Term Taxes Mortgages Business Debt Total NET WORTH CASH FLOW Your debt and tax costs Your annual savings Your insurance costs What you earn What’s left for lifestyle Assets and Liabilities combine to determine the square footage of the structure, and make up the interior framework. When put together, these two domains represent your net worth statement, and an accurate net worth statement is only produced when you consider your items of value (assets) in conjunction with the debts (liabilities) that may be connected to them. Protection serves as the roof that shelters your interior and the valuables that are found and live within it. Instead of forecasting a future that we know nothing about, aiming to protect yourself for your full economic value allows you to focus on managing your risk exposure to the changing information of today. To Financial Organization and Beyond While there is no shortage of technology available today that can help you get financially organized, the majority of these programs sell you short because typically all they’re capable of doing is pulling down information pertaining to one area of your financial life. Going miles beyond this, The Living Balance Sheet® gives you the ability to maintain financial balance by producing a real-time picture of your complete current financial position. Managing the information being fed into your four domains gives us the ability to diagnose problem areas, and to build and implement effective risk management strategies so that your financial structure can positively react to and withstand the outside elements. The true value in this innovative platform doesn’t come in the form of its number crunching ability, but rather from its ability to continuously optimize your current financial position. Extracting insights from the real-time information feed allows you to turn this data into effective actions, ultimately leading to smarter financial decisions. Reaching Your Full Financial Potential Every financial decision and action generates reactions which, over time, can build up and will eventually form a cap that can limit your financial success. Until you do something to break through the limitations, you can find yourself remaining stagnant or experiencing less than ideal results. By breaking down the barriers of traditional financial techniques, such as the junk drawer, remodeling your financial house through the structure of The Living Balance Sheet® can lead to a lifestyle change. Giving you constant access to your current financial position at the click of a button keeps you financially focused, leaving you free to enjoy the pleasures in your life while taking comfort in knowing that all of your financial information is being proactively managed for you in one, digital destination. Disclosures: The Living Balance Sheet ® and the Living Balance Sheet ® Logo are registered service marks of Guardian, New York, NY. The graphics used herein are the exclusive property of Guardian and are protected under U.S. and international copyright laws. © Copyright 2012-2014. The Guardian Life Insurance Company of America. Spring | Summer 2015 Remodel Tampa Bay 13
Page 2 and 3: Contents SPRING | SUMMER 2015 Remod
Page 4 and 5: President’s Message Professionals
Page 6 and 7: National Association of the Remodel
Page 8 and 9: There’s more living space when yo
Page 10 and 11: Top 8 Outdoor Living Trends for 201
Page 14 and 15: High Tech Kitchens in High Demand T
Page 16 and 17: 16 Remodel Tampa Bay Spring | Summe
Page 18: The yellowing cabinets were falling
Page 21 and 22: J A M C O amco listens to our custo
Page 23 and 24: CotY First Place 2015 Awards Tampa
Page 25 and 26: Remodel. Recycle. Your donation hel
Page 27 and 28: 2015 NARI TAMPA BAY AREA CONTRACTOR
Page 29 and 30: NewSouth Window Solutions Factory d
Page 31 and 32: 2015 NARI TAMPA BAY AREA CONTRACTOR
Page 33 and 34: Sell and Buy If you were to sell yo
Page 35 and 36: Brantford Kitchen Faucet with Motio
Page 37 and 38: NARI TAMPA BAY AREA SPRING/SUMMER 2
Page 39 and 40: Quality Construction With A Woman

Remodel Tampa Bay Spring/Summer 2015

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