For Young Professionals

Financialize IT! for Young Professionals

It’s a long journey, but I’m ready to walk you through it every step of the way. Part of the program is making smart financial decisions. It might be really difficult sometimes, especially at first.

The first twelve months getting your finances straight could be the hardest twelve months of your life, but folks, you’ll be happy you did it. Once you keep going, you won’t even remember how hard it was, because you have developed proper financial skills and habits. A lot of these lessons will be videos like this. Sometimes you’ll have accompanying handouts with supplementary information. You’ll be applying these lessons to your own financial plan too, so make sure you pay attention. I’m not just yapping at you.

Here’s the best part: the program includes the full financial services of Sikes Financial, so you’re not alone during the course. First you’ll watch a few videos to get started, then you’ll be ready for your one-on-one meeting with your financial advisor.

So get your notepads out, because this information is about to change your life. I’m excited, and I know you are excited to make some money moves. Remember, your goal is a $2,000,000 net worth in 20 years. Welcome to Financialize IT for Young Professionals!

Mr. Eric Sikes

As a parent of teenagers, he developed the Financial Survival Kits for Teenagers and Parents program to complement the core curriculum and lead parents to apply these skills with their teenagers and have meaningful financial conversations with them.

Is it possible for me to reach the recommended target net worth goal of $5.8 million or $2 million by only investing into one asset class like securities, real estate, or business ventures?

It is possible, but not likely and definitely not wise. All investments require risk, so you should diffuse risk by allocating funds across all asset classes. You don’t want your success to be at the mercy of one asset class’s performance. It is far more possible to reach the target net worth by taking advantage of diverse investment opportunities.

How do I increase my total monthly income although I don’t foresee receiving a raise anytime in the near future?

Your salaried job is only one source of income available to you. You can look to increase your monthly income via contract work, real estate ventures, business ventures, and interest from investments.

When should I start allocating my assets into other asset classes, like cash, securities, real estate, or business ventures in order to improve my total sources of income?

You should start as soon as you have the funds to do so. You might need to build up some cash to deploy toward one asset class first. For specific advice, you can discuss with your financial advisor during your one-on-one meetings.

How much of my credit card debt should I pay off to increase or maintain a 720 credit score?

Each month, you should pay off 10% of your balance until you are borrowing 27% of your available credit limit.

What is the difference between cash reserves vs emergency fund?

Emergency funds are for short-term needs, while cash reserves are for long-term. For example, you have emergency funds available for car trouble, while you have cash reserves available to make a large purchase or take advantage of an investment opportunity.

What’s the optimal amount of cash reserves should I maintain in a separate account at all times?

You can decide between two recommendations: one year of total income or one year of total household expenses.

Is it possible to increase or decrease my monthly expenses without affecting the amount of disposable income available to me each month?

Yes. Once you build a percentage budget in the course, you can understand your budget in categories. This gives you a more organized and focused look at your expenses, so you will be better equipped to make wise financial decisions and pinpoint areas you might need to change.

How is the course billed, and what is your cancellation policy?

After the one-time $50 setup fee, the course is billed 30 days in arrears (at the end of each 30 day cycle). You can cancel 30 days in advance.

For Young Professionals

Financialize IT! for Young Professionals

Mr. Eric Sikes

Requirements

Features

Target audiences

Shape Your Wealth Journey Today

For Young Professionals

Financialize IT! for Young Professionals

Mr. Eric Sikes

Requirements

Features

Target audiences

Shape Your Wealth Journey Today

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