HONOLULU, HI / ACCESSWIRE / August 2, 2021 / The world of financial planning is all about helping people understand how to manage their wealth over the long term. There are a few different approaches that are often taken, with various schools of thought depending on income bracket, amount of assets, and planning goals. Ethan Ho, CFP®, Founder and CEO of Hawaii based RIA, KALA Capital Partners, has a different viewpoint than many other advisors. He believes strongly in educating people on how to make smart money decisions for themselves so they are not reliant on the advice of others. He believes that in today's digital and modern world, it has never been easier to make more money.
By bridging the gap between old money philosophies and "new money digital millionaires," Ethan takes a "new school" approach and mindset when it comes to building long term meaningful wealth. There is endless potential for people to build very lucrative businesses or side hustles online or with the help of technology, and with minimal startup costs. These "new money" individuals want to do more than save and invest. They want to go out and spend what they earn, give to charity, support their family and live their lives to the fullest, with the resources they have created for themselves. Ethan explains that the "old school" way of thinking - get a safe job, cut expenses, earn a pension- is outdated and taking the steady path of always saving and taking little risk to reach financial freedom needs a face lift. The new money mindset needs to embrace financial freedom now, in addition to investing for the future.
"There are all these huge barriers to entry when new money begins to ascend the socioeconomic ladder. Old money traditions, habits, and mindsets that were instilled in our parents and grandparents due to world events like The Great Depression are difficult hurdles to overcome. I teach this idea of new money and new money principles to people who are working and earning more money than they ever dreamed that they could thanks to the internet and our global economy. At KALA Capital, we help young, successful ‘new money millionaires' strategically turn their new cash into meaningful long-term wealth."
Ethan believes that the new generation of high-income earners has incredible potential to both make an impact in the world and earn an astronomical amount of money. This is a group of hard working individuals who are fighting to have a massive impact in our world. They understand that money is not evil, merely a tool to increase freedom, autonomy, and influence. They have figured out the difficult part of wealth building - making money. They have also gotten very good at spending money, but struggle with keeping it, simply because they do not have the background in financial literacy...yet. It's not taught in our schools, it's not typically taught at home, and the information readily available on the internet is difficult to decipher.
"I take a long term approach when working with this new generation of money makers that is rooted in education. I like to think that I teach people how to fish, instead of giving them the fish. This way they can teach the next generation financial literacy, and so on. To me, this is the only logical way we can make meaningful financial change for generations to come.."
Ethan has developed an innovative online program called New Money Principles, specifically designed to educate a newer generation of high-income and future high-income individuals about financial literacy. Recently, Ethan and his team volunteered with a local high school by using their "New Money Principles" online class to teach the Algebra II students basic financial literacy over a span of several weeks. The experience of inspiring the students to get excited about their finances, set higher goals, and truly believe in their earning potential threw fuel on an already burning fire and motivated Ethan to focus on spreading this information to even more people.
KALA Capital Partners flip the script on traditional financial advice. Instead of focusing strictly on budget cuts to save money, like getting rid of a gym membership or the weekly trips to Starbucks, rather, they want people to know how to earn more so they can not only keep that coffee habit and gym membership but take it so much further, by building a future life of financial freedom and stability while simultaneously enjoying money now.
"Our focus is on teaching new money principles, to the people who are stepping into wealth, who haven't grown up around money, to make sure that they find their perfect balance between building wealth and enjoying their income today," says Ethan.
Ethan grew up in a rural part of Hawaii, in the countryside where people live a very simple life primarily trading time for money. In his own family, Ethan was aware of his parents finances at a young age, what his parents earned, how they invested, what they had, and why they valued planning for the future.. He attended a prestigious highschool, where he gained insight on how his very wealthy friends lived, and how their families viewed money and were building generational wealth. This window into different financial mindsets sparked in him a lifelong interest in money and business. He studied at Fordham University's Gabelli School of Business in New York City, and also spent time learning in London, and now shares his experience in his work, to educate others, and embolden them through financial literacy.
KALA Capital Partners offers financial coaching, planning, and money management services. They do not believe someone needs to have a large amount of capital to start financially planning ahead, which is a common misbelief by many. KALA Capital Partners aim to help young professionals on a path to living their best life through financial literacy. Learn more on the KALA Capital Partners website, www.kalacapitalpartners.com, and connect with Ethan Ho and his team on Instagram to take the first step on your journey to controlling your own financial future.
Company Name: KALA Capital Partners
Contact Person: Ethan Ho
Address: 1423 Emerson Street, Honolulu, Hi 96813
Phone Number: 808-769-6886
Website Link: http://www.kalacapitalpartners.com
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SOURCE: KALA Capital Partners
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