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Services
Financial Coaching
Implementation Service
Socially Responsible Investing Advice
| | Welcome to Ideal Harbor Financial - your harbor of safety from
financial troubles.
I have a friend who says that everyone needs a therapist. I agree. But not
everyone can afford a therapist.
Everyone can afford a financial coach, however. And many people cannot afford
not to have one.
What is a financial coach?
A financial coach is a financial professional who will help you organize your
finances (bill payment, credit card balances, savings, spending, etc.), plan a
budget with you, help you implement the budget and help you save more money than
you ever thought you could. Best of all, in a world where money is
almost everything, a financial coach will give you the peace of mind to focus on
those things that money isn't.
Get there.
 
Vicious
Circle
Virtuous Circle
| When your finances are
in trouble, they are on a negative trajectory. Each bad step leads to a
magnification of the earlier mistakes. And things constantly get worse -
it's a vicious circle.
For example, if you have $1,000
in debt and you just pay the minimum on your credit card, at a kind 10%
interest, you will have to pay $100 to your credit card company in one
year and none of it goes to benefit you. The $1,000 was something in the
past that you continue to pay for. If you spend more, by say adding $500
to the debt, not only did you spend $100 this year for last year's
thousand, but for the rest of this year and all of next year, you will be
paying interest on $1,500 = next year that will be $150 and of course more
if you spend more. And because you spend so much on interest, that doesn't
mean you don't live. You will likely be forced to add more debt just to
live since that $100 the first year and $150 the second was taken from
your income. Things just get worse unless you fix it your self or
get help. When you do decide to move in the other direction, please
consider Ideal Harbor Financial. |
But when your finances
are well managed, that same compounding effect of your financial
actions works the other way: Every step you take to improve your finances
leads to positive results that in turn lead to more positive results. It
is a virtuous circle.
For example, the opposite of the
vicious circle occurs. If you manage to save $1,000 and you invest it one
year at the rate of return of 10% that your bank had been making on you in
the time of poorly managed finances, you would have $1,100 saved at
the end of a year. Not only is this more money (principle) to earn
interest on, but it is also money you may be able to access should you
require more than your income = there is a double savings of gaining new
money and not having to lose money should something come up. If you even
manage to save, say $500 (rather than borrowing it as in the vicious
circle), then you will earn 10% on $1,500, which is $150 to add to your
principle and earn $165 with the next year = this is the virtuous circle
of compounding interest.
It is where you want to get to if
you're not there: Ideal Harbor Financial can help. |
| You may
have noticed that there is no description above about the situation
between a vicious or virtuous circle. There is a reason for the missing
description: almost no one is in that situation. To be in that situation
is an incredible balancing feat. And if it were to be reached, it would be
impossible to maintain the exact situation because people do not stand
still. They are always in motion. What matters is the direction. Hopefully
you are going the right direction. If not, do something to turn your
direction around. One option is to hire a financial coach. |
Our Mission
Ideal Harbor Financial strives to harbor its clients from the difficulty and
stress
of finances and the consequences of rapid changes beyond our control. To do so,
rather than forcing its clients or itself to discard ideals, the company
harbors strong ideals which orient it towards improvement rather
than exploitation of its clients as well as the world we live in. We are the
alternative to greedy financial advisors that treat you dishonestly, make money
by misleading and see you only as a prey to pay them commission, regardless of
whether you gain.
Company Profile
Ideal Harbor Financial is a small company that provides custom,
financial coaching, which enables its clients to focus on what they feel
is important in life. We enable our clients to improve their approach to personal
finances and thus their financial situation. Ideal Harbor helps its
customers monitor spending and saving, create a financial plan, budget to
achieve goals and implement the plan. The result is enhanced value of
income and a less stressful life.
We know companies focus on finances (earnings, cash flow, debt). In a
world where money is even tighter for individuals, why not have someone to do it
for you if you do not have the time, energy or desire yourself?
Contact Information
- Telephone
- 617-388-6790
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- Postal address
- Ideal Harbor Financial
- PO Box 52054
- Boston, MA
02205
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- Electronic mail
- General Information, Sales and Customer Support:
- info@idealharbor.com
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- Webmaster:
- webmaster@idealharbor.com
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