Financial Tip of the Week: Avoid A Financial Freakout

San Diego Entertainer’s own financial expert, Steve Sexton, provides the Channel 6 San Diego Living show with financial tips throughout the month. We are thankful to be able to share his financial expertise with our readers as well.

With the economy fluctuating up and down so rapidly, a lot of people are feeling financial uncertainty. Even other countries are adding to the unstable economic behavior of this economy. It is only natural for people to want to panic and not know what to do.

Steve Sexton reminds us, that before you panic, you should be asking a lot of questions. You need to understand where your money is going in terms of fees, charges, and taxes to the services you pay for. You may be expecting a large return from your investment but only see a portion of it due to money lost through these payments. The goal is to minimize these payments as much as possible.

Steve Sexton also explains before doing any type of investing, it is important to ask yourself five very important questions.

1. Have you reviewed your personal financial situation, and how is it in your best interest?
2. How will this affect your taxes no and in the future?
3. How will this affect my income needs?
4. How does it affect my risk/comfort level?
5. How will the affect the transition of my estate to my heir?

These are questions that require a lot of thought and reflection, and they need to be taken seriously before any type of investing takes place.

Steve Sexton is a financial expert who personalizes each individual’s financial plan on their unique circumstances and goals. He has over 15 years experience in the financial services industry and holds multiple licenses and designations including being a Better Business Bureau member and a National Ethics Bureau Member.

If you would like to learn more about the financial planning provided by Sexton Advisory Group, securing your financial wealth and freedom, planning for your retirement or to reserve a spot in one of Sexton’s free financial workshops you can visit www.sextonadvisorygroup.com. Or you can reach the Sexton Advisory Group by contacting Steve Sexton at [email protected] or by calling 951-695-8810.

Don’t forget to watch Steve Sexton on the Channel 6 San Diego Living on Tuesdays for more financial tips.