In 2005, I took some time to reflect on what I was doing to really help people. At the time, our investment company did basic planning and plenty of investments, but we would get a lot of requests from individuals to invest small amounts of money that we could not do much with. I would analyze their financial situation and create a plan for accumulating more money. Saving $100 a month could be turn a $500 investment into $1,700 a year, and they would feel significantly better about their financial situation.
Their money problems were negatively impacting their credit score and the increased stress was hurting their relationships. All they needed was someone to offer guidance and a plan for getting back on their feet. My time of reflection, thinking about how many people struggle with finances, gave me the vision of how to make a difference for those who needed help. Those thoughts, feelings and prayers led to what is now Smart Money Management.
- Derick Gant, CEO and Founder of Smart Money Management