Brian Bronk Wealth Management

My first priority is helping you take care of yourself and your family. I want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. I focus on buidling long-term relationships that encourage open and honest communication as this has a a primary focus of my practice since the beginning.

My financial principles start with a solid foundation beginning with the understanding that use and management of money is about 80% behavior and 20% the actual math. To be successful with your money you need to have a detailed plan and outline on how to manage your finances.

Over the years I've come up with my own set of financial principles that I follow and recommend clients follow as well. It first starts with getting on a detailed zero-based monthly budget in which you account for every dollar of income or earnings coming in each month. 

1. Create a budget and start tracking your cashflow each month.
2. Save 1 month worth of expenses for your initial emergency fund.
3. Workplace retirement plan, contribute amount or percentage to get the employer match.
4. Pay-off all consumer debt (except primary home mortgage and home equity loans).
5. Save your highest annual deductible (i.e. health insurance, homeowners insurance or car insurance).
6. Save an additional 2-5 months of expenses for your fully funded emergency fund (total of 3-6 months).
7. Fully fund Roth IRA, if eligible to contribute.
8. Fully fund Health Savings Account (HSA), if you have a qualifying plan High Deductible Health Plan (HDHP).
9. Increase retirement investment savings to 15% of gross household income.
10. Save for the kid's college fund, if applicable.
11. Pay-off house early (primary home mortgage and home equity loans).
12. Increase total investments savings to 25% of your gross household income.
13. Identify and fund other goals and expenses (i.e., cars, home improvements, bigger vacations, hobbies, etc.).
     

My investment philosophy is based on taking a long-term diversified perspective with a focus an evidence based academic research. Over the years it is most apparent that an investors behavior plays a significant role in the overall results and success they will achieve. Working with clients to understand that it's not how well you time the markets but the amount of time your in the markets.