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The Steps

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Step 2

Increase Cash Flow

Manage Expenses

Money that you don’t spend is money in your pocket that can be applied toward debt reduction and wealth accumulation. Below are some examples of important strategies that will allow you to increase and better manage what you have available to spend:

  • Following a budget will help reduce monthly expenses. An important part of this process is to determine the difference between “needs” and “wants”.
  • Review low-interest savings accounts (bank CDs, etc.) for opportunities to earn more or pay down high-interest debts.
  • Learn to live on 90% or less of your income after taxes.
  • Raise insurance deductibles to appropriate levels for additional savings.
  • Cancel Credit Life Insurance on all financed items and credit card debt.
  • Eliminate Private Mortgage Insurance (PMI) as soon as your equity reaches 20% of the value of your home.
  • Earn tax benefits from a home-based business.
  • Check into qualified plan options.


Earn Additional Income

If possible, explore a second career option, or look for part-time work that can bring in additional income. Also, consult with a qualified tax advisor about adjusting your W-2 allowances if you normally get a tax refund. This will allow you to more quickly apply funds against your debt and toward your wealth accumulation.

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Investment Risk Disclaimer

1 Information contained herein should not be construed as legal or tax advice and is intended for illustrative purposes only. All charts, graphs, estimates and projections are based upon hypothetical situations, are not representative of any particular financial condition and are not intended to represent a likely or guaranteed return or outcome for any prospective customer.

The Afortus Financial Needs Analysis is based upon source information believed to be accurate. It is an analysis to determine appropriate individual financial needs and does not constitute a solicitation for the purchase or sale of any specific financial product or service.

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Office:  2652 Spring Arbor Rd. Jackson, MI 49203


(517) 795-1093


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