What are the requirements for working with FFP?
We place no income or net worth restrictions on clients, although we do have a minimum quarterly fee of $250. If you meet some basic qualifications, it would be our privilege to serve you. Those qualifications are:
Limited Consumer Debt
If your non-mortgage debt consists of an amount greater than 10% of your annual gross earned income, we recommend that you focus on eliminating that debt prior to engaging our planning services.
Positive Cash Flow Margin
If you are spending more than you make or are struggling to live on a budget, we recommend that you focus on creating a sustainable family budget, spending no more than 85% of your after-tax take home pay prior to engaging our planning services.
Basic Computer and Internet Technology Ability
You don’t have to be a cyber/techno-geek but you do have to be comfortable using e-mail (including file attachments), browsing websites, and opening, modifying, and saving spreadsheet and pdf files. If you don’t have email or read yours less often than once daily, we are probably not a good fit for you.
See Value in Paying for Financial Advice and Desire to Delegate the Investment Management
Some people just aren’t willing to pay a fair fee (see next FAQ) for objective professional financial guidance. If that’s you (and it’s okay if it is), please don’t put yourself through the exercise of our fact-gathering process. Instead, we’ll be happy to provide you with a list of the best personal finance books and resources available.
