We’ve covered local ways to improve our physical fitness, now let’s talk financial fitness. 💪
There’s no time like the new year to tighten the proverbial belt on our spending habits. Today we’re hearing from Jason Collins — Senior Vice President + Financial Advisor at Baird. He’s sharing with us some pro tips for smart financial decisions + trends he’s seeing locally.
Q: What trends are you seeing in Lexington?
A: Lexington has certainly changed since I decided to stay here after graduating from UK. The city offers more job opportunities, provides a good overall quality of life, and the cost of living is still reasonable. Therefore, more people are choosing to plant roots here. For those individuals, I advise establishing a deep relationship with a financial advisor + firm that helps you navigate life’s wealth management phases.
Q: What are your pro tips for saving money?
A: Before investing, get yourself in a position to accumulate wealth. Create a budget, eliminate “bad” debt, and establish an adequate emergency fund. Then, find out if your employer offers a retirement plan + take advantage of any company match. If they do not, then contact a local financial advisor that provides other options.
Q: What would you say to someone who might be curious about working with a financial planner?
A: Advisors typically have access to more financial tools, information, and investment options than the average investor on their own. I tell clients all the time that I don’t try to fix my own vehicle when it breaks down. I don’t have the time, tools, or knowledge. Why navigate financial planning by yourself? Especially with something that is so important.
