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IMI Tree of Knowledge

I would like to take a moment to introduce myself – I am Karla Leonard-David, CEO of IMI Asset Management Company. I hold a double B.A. in Business Economics and Art History. IMI Stands for Investment Management International and was originally founded in 1995. In 2012, IMI went through a complete transformation. That transformation included implementing a complete social media presence. I have designed and write an educational blog that is posted to my personal and company Facebook and LinkedIn pages. These articles are a tool to inform and educate on financial planning topics. The biggest part of that transformation occurred when IMI became a full service asset management company. IMI has partnered with Jerry Vines, MBA, EA and the Law Office of Sharon Morff, to offer a fully engaged estate planning package, designed specifically to your goals. Most people do not have a solid financial plan. A reason for this is that most lack insight into what is going on in the financial industry. I realize that the process of creating a strategy for retirement can feel pretty intimidating which is why I am constantly searching for new materials, whether they are videos, articles or just questions and answers to share with everyone. IMI Asset Management Company is focused on the belief that our customers’ needs are first. I am committed to meeting those needs. I am a firm believer of the personal touch, which is so lost in today’s world. As a result, a high percentage of IMI’s business is from repeat client business and referrals. IMI Asset Management Company was selected in 2012 by the USCA as the recipient of the Best of Rancho Cucamonga Awards in Financial Planning. We want you to be able to assess, from these insights, your financial portfolio to ascertain that it is aligned with your ultimate goals for your retirement and passing your estate probate free down to your heirs. We strive to make sure you evade the costliness that can result from poor planning. We would welcome the opportunity to earn your trust and deliver you the best individual and personalized service in the industry in helping you obtain your goals. We invite you to come “join” our IMI Family.

Financial Planning with a twist

Karla Leonard Karla Leonard , 12/11/2013
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IMI Asset Management Co., Fointana CA, Financial planningHalloween, brings back so many fond memories.  Doesn't it? Can't you remember it, just like it was many of those wonderful Halloween nights? First, of course, there was the anticipation which really starts at the end of September and definitely by the first of October about what you will be for those few spooky hours for that one special evening. Once you have decided on the fabulous costume, then comes the agonizing wait....then the DAY finally arrives and... 'Gees' isn't it the worst when Halloween lands on a 'school day'!  Oh, is it not just pure torture getting through that school day?  The only reprieve is (at least back in the 'day') is that you got to have the Halloween costume party and parade at school. Once that school bell rang everyone flew home and for the last and final slowest hours of the year (except Christmas Eve) for the sun to set and the moon to rise then... "YEAH BABY...IT'S TRICK or TREAT TIME!" So...think about it, "What did you learn from that 'yesterday' experience?" How about the lesson learned, which I'm certain, none of us realized at the time. Which is... the vast reward that can be achieved if one plans ahead, creates a goal, and keeps his mind on the set course to achieve that goal. As a child, the desired goal came to each of us at the end of Halloween night which was all that wonderful candy. What happens in those post childhood years of us setting goals, creating a plan to achieve them, staying on course, no matter what, until the goals are achieved. Wouldn't you like to have that incredible feeling of reward for 'job well done'.  The 'goal is achieved'!  Somewhere between childhood and adulthood so many of us lost that drive. Listen to this so you can get a clear picture of what I am talking about. If we took 100 children in the month of September and asked them, "How many of you think you will be successful in reaching your candy volume on Halloween night?"  Not one child would ever say "Not me!" Halloween night comes, I think we can safely estimate that at least a minimum of 94% of those children would reach their goal.  Now, take those same 100 children as adults at the start of their working careers and ask them how many believe they will be financially independent.  I would be surprised if even one person answered "Not Me!"  However, 40 years later, according to the Social Security Administration, one will be wealthy, five will be financially secure, five will continue working, 36 will be dead and 54 will be dependent upon their meager social security checks, relatives, friends or even charity for a minimum standard of living. Planning is the major difference between the 6% that were successful and the 94% that failed to accomplish their objectives. Listen up, what happens is too many of us are living for today with the hope that tomorrow will take care of itself.  We all have to reach back into that 'childlike mindset'. Knowing that only through planning, setting goals as we learned from yesterday and 'today' doing whatever it takes to reach your ultimate goal will the reward of security in retirement become a reality. Don't get me wrong, I am not saying that planning will make everything perfect. That would be a ridiculous statement to make.  However, after more than twenty years of experience, I can tell you that planning will significantly improve the possibility. Another childhood lesson that seems to be long lost is questioning. Where did our 'childhood like curiosity' go to question?  It is only through questioning that one gains knowledge.  From that knowledge gained, sound decisions can be made on how to better achieve ones desired goals for retirement. PLANNING IS THE ONE COMMON INGREDIENT IN SUCCESSFUL VENTURES! It would be difficult to find one thriving business that does as little planning as the average family!  If you find one, they are very lucky.  Do you want to rely on luck for your future?  If so, the lottery awaits you.  If not, financial planning awaits you! What we are talking about here is setting goals.  Executing a plan to reach your objectives.  And monitoring your progress, making any necessary adjustments on a timely basis! Oh, and by the way, 'heads up' on this one... SIMPLY BEING TOLD TO BUY FINANCIAL PRODUCTS IS NOT PLANNING! The traditional random method of buying financial products from sales people is basically history.  A salesperson who does not take the time to help you create a plan before selling you products is NOT DOING YOU ANY FAVORS!