First step in all planning at Black Mammoth, starts with gathering the understanding of how our clients utilize their money. Thus we begin with budgeting, budgeting is the average usage of your wealth per month. Once we get an understanding of what money is coming in (income) vs money going out (expenses), we can then focus on debt.
The second step to ensure a solid foundation is doing a deep dive into debt. Not only what debts there are and how we can utilize them but getting a mental understanding of what debt means to our clients.
After we have achieved your budget and understand of your debt, we now can focus on the things that motivate us all and keep us moving forward, GOALS. This goal planning is the carrot at the end of this planning stick, these should be what allows us to mentally stick to our budget plan.
At Black Mammoth, we strive to achieve all of our clients goals and allow them to do it in a way they would not have thought of. Our creativity and vast knowledge in the wealth space, allows us to acheive clients goals, above and beyond their original thoughts.
From stocks to checking accounts, investments are essential part of growing your wealth. At Black Mammoth, we handle Retirement Accounts, Bank Accounts, Brokerage Accounts, etc, to ensure our clients are able to invest in almost anything that their plan dictates.
With our ability to be creative from top to bottom in our firm it allows us to not focus on only certain asset classes when it comes to investing but truly put together a plan that fits the clients goals and needs both now (short-term) and in retirement (long-term).
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What is insurance? The purpose of insurance is to protect your wealth, ultimately. How can we utilize insurance to achieve the desired result is what our analysis will answer. During our analysis, we not only dive into your personal insurance plans (Life, Health, Home/Auto, Dental, Disability, LTC, etc.), we ensure your benefits package from work is setup perfectly for you and your family.
"Retirement" - what does that mean to you? That is the first question we ask, "Retirement" is not an age, it is not permenant and definitely is not a dollar figure. At Black Mammoth, we focus on the feeling of "Retirement", which is vague yet, encompasses the feeeling of being free from the constraints of work. After this feeling is achieved we then can focus on how to reach this goal.
Planning for something that is 10+ years away takes disicipline and creativity to adjust as life changes. As we look into your plan, we have to consider current living standards plus add in the future changes, i.e. children, job change, economic changes and global changes. Taking those into consideration we hone in on what is achievable to use for retirement. Below are all the investments that we utilize;
Real Estate (Residential & Commercial)
Private Business Investing...just to name a few.
The key to wealth is planning for the long-term and the short-term, for us we partner with CPA's to ensure that our overall plan has tax strategies and savings not only in the short-term but in the long-term planning piece. Our partners also do tax prep, advisory, consulting and handle our internal accouting needs as well, such as bookkeeping and payroll.
You can find our main partner, E&M PLLC, right here in our office!
What is "Legacy" Planning? It is the same as estate planning, however at Black Mammoth we partner with Legacy Fiduciary Services to ensure that this "estate" plan turns into a true legacy for our clients. We all want to leave a legacy to our loved ones, business partners and/or to our favorite charity, the importance of having a plan is to ensure this legacy is realized.
Legacy Planning includes; Wills/Trusts, POA's, acting as Trustee/Executor, etc.