The Asset Advisory Group
Chip Workman grew up in a household with the mantra “anything worth having is worth taking care of.” His parents taught him the importance of doing for others, a good education, and the value of a buck. Water was what you ordered at restaurants, the landscaper was looking at you in the mirror and the best way to get that toy or pack of baseball cards was to save, save, save.
Given his frugal upbringing, Chip was often someone that friends trusted for advice that revolved around money. It seemed a very natural transition to make this his career.
After graduation, Chip found the options available to follow this path disheartening. Opportunities that promised to help clients achieve their goals were, at best, thinly veiled schemes that put the company first and giving sound advice second. At worst, it was much more underhanded. He never understood why it had to be the company or the client. Why couldn’t it be both?
Instead, Chip joined the world of private banking, developing many close relationships with individuals and families. He enjoyed a successful career, but was still restricted to the bank’s products and services. He happened upon an opportunity to help some financial advising firms with their banking needs. They were fiduciary advisors, charged with putting their clients’ interests ahead of their own. A light bulb immediately flickered and he saw an alternative to the traditional investment model, a way to be the trusted counselor he always wanted to be.
After a thorough search, Chip was fortunate to find Jeannette and the rest of the team at TAAG. He is proud to be able to truly partner with his clients and offer conflict-free, holistic advice about the financial issues that impact their goals.
MBA, Finance & International Business, Xavier University
BA, Miami University
Assets Under Management:
Information provided by Chip on Advisor Insights should not be construed as financial or investment advice. Consult with a financial planner before taking action. All thoughts and opinions are his and not necessarily those of The Asset Advisory Group, Inc.
The answer to your question depends on a number of circumstances, but generally speaking, the best way to build credit is to start using credit responsibly. Often, the easiest way to do this is to apply for a credit card.
Depending on your age, income and a number of other factors, this may need to come in the form of a Secured Credit Card. These can generally be acquired through the bank or credit union that you currently use.
If you might qualify for a non-secured credit card, make sure you find the one that's best for you. A great resource to research what card might be best for you is Nerd Wallet. Click on the link, answer the various prompts to determine what might be best or most rewarding for you.
Not to sound like a beer commercial, but the most important piece of my response above is "start using credit responsibly." This means start charging one or two things a month to the card, never spend more than you can afford to pay cash for right now and then pay off the credit card IN FULL at the end of each month.