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What personal CFO services can do for you
October 20, 2021 at 7:00 AM
What personal CFO services can do for you

We get it, you’re busy. When you’re busy, it can be tough to manage all aspects of your finances on your own. You can hire out personal CFO services to help you manage your finances now and in the future. If you’ve never heard of or considered hiring a personal CFO, our team at OWLFI has put together a short guide to outline some ways you can benefit.

Analyze and manage your cash flow

When you have multiple streams of income, it can be difficult to manage where everything is coming from. Whether you’re a contractor and work on multiple projects at a time, have various sources of passive income trickling in, or you’re getting payouts from investment, it’s important that you keep track of them. Your personal CFO will go through each revenue stream to help you effectively manage your cash flow so you can create a budget.

Help create a budget

Sometimes when we think about budgeting the image that comes to mind is planning for groceries, utility bills, and other monthly financial obligations. Budgeting is an essential part of stretching your finances from month to month and years down the road. With help from your CFO, you can identify areas where you can trim the fat a little here and there as well as more effectively saving for your future with investments and retirement contributions.

Shop insurance policies

Part of managing risk and protecting your family’s finances includes buying necessary insurance policies. Should a catastrophic event occur and rock your family’s foundation, you can focus on what’s important while not having to worry about finances. Your CFO will help you identify areas where you need to make sure you’re covered and assist you in shopping for an insurance policy that will protect you, your family, and your assets.

Tax planning

Planning for your tax obligation can be a game-changer when it comes around. If you’re not prepared when tax season rolls around, you could be left with a hefty sum due without having any money set aside to take care of it. Tax planning is an essential part of budgeting your annual income so you have the necessary funds available should you have to pay.

Estate planning

You need to ensure that your family is protected after you pass away. Estate planning should always be done sooner than later because you never know when the unthinkable will happen and you or your spouse is suddenly taken from your loved ones. With help from a CFO, you can make sure that your affairs are in order with your assets appropriately distributed to your loved ones.

Grow wealth

You can have a great job that pays enough to keep you comfortable without growing your wealth for the future. Growing wealth takes planning strategic steps to saving and investing. A personal CFO will help you identify areas where you can take steps to grow your wealth to be more comfortable now and especially during retirement.

Reach out to get started

Don’t wait to get your finances in order. Contact our team at OWLFI today to get started with our personal CFO services. We have a team that’s experienced in managing finances for those looking to continue to grow their wealth while planning for the future. Feel free to contact our office nearest to you, send a message using our online contact form, or use our chat tool to get in touch. We look forward to working with you to manage your finances now and into the future.