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Greg Welborn

PrincipalFirst Financial Consulting

Pasadena, CA

Member Since December 2023

Skills

Financial Planning & Advice
Investment Management
Wealth Management

About

Greg Welborn is a Principal at First Financial Consulting. He works with individuals and privately-owned businesses on financial planning issues including investment, retirement, and tax planning, among others. With more than 35 years’ experience, he has developed a strong track record of providing 100% objective advice, always focusing on the client’s best interests. A pioneer in the development of investment consulting services for individual investors, Greg is a respected authority on personal financial issues; he has lectured extensively, written for the Wall Street Journal, Orange County Register & The Los Angeles Daily News, and has assisted NBC’s Today Show in their weeklong series, “Money for Women.” Greg Welborn received a Bachelor degree from Occidental College, an MBA from the University of Southern California, specializing in finance and investments, and pursued a Masters degree in Economics, studying under Art Laffer, an advisor to President Reagan.

Published content

11 Mindsets That May Actually Be Hurting Your Financial Progress

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To change your finances, you’ll first need to change your thinking. The way people think about money can have a greater impact on their financial success than they may think. Whether it’s the way you were raised or a belief that you have come to over time, the mindset that you develop around your finances has a direct influence on the actions you take with money and your behaviors surrounding it. These beliefs can be positive or negative, truthful or a lie — but how can you tell the difference? Below, the financial experts of Kiplinger Advisor Collective list out some of the most common money mindsets people have that may actually be hurting their progress with money, detailing not only the reasons why but also how they can change and finally get their finances in order.

Six Benefits to Setting Up a Trust for Your Assets

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Don’t leave your legacy up to someone else. While the main focus of your wealth-building journey may naturally be building up your wealth, it’s equally important to determine what to do with it once you have it. Whether you’re planning to give it away upon your death or would like to give some away while you’re still alive, planning for either situation can help you ensure your hard-earned wealth is distributed how you’d like, to whom you’d like and when. A common solution for wealth distribution is a will. A will offers you the opportunity to describe how you would like your assets distributed upon your passing; however, another popular solution is a trust, which allows you to direct the distribution of your wealth while you're still alive. While both are great solutions depending on your goals, a trust can have other benefits you may want to consider. Below, the financial experts of Kiplinger Advisor Collective outline six additional benefits of trusts and why putting your assets into a trust may be the best solution for you.

Six Ways Women Can Overcome Any Financial Obstacles Holding Them Back

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To improve your financial situation, focus on empowering yourself first. Whether it’s limiting cultural expectations, wage disparities or planning for longer-term care, there are some financial challenges women face that their male counterparts may never experience. And while these can be major roadblocks to financial success on their own, these obstacles can be even more difficult to overcome if you don’t have much experience handling finances or knowledge about the best ways to tackle financial issues. However, according to the financial experts of Kiplinger Advisor Collective, the best way to improve your financial situation is to empower yourself through the following six steps. By making each one of these steps a priority, women can take charge of their financial well-being, strengthen their financial literacy and equip themselves with the skills they need to succeed with money now and well into the future.

Seven Steps to Start Your Child Off on the Right Financial Foot

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It’s never too early to start thinking about your child’s financial future. When you’re a new parent, you have a lot on your plate. Between learning how to care for your child’s physical and emotional needs and adapting your life around your new family member, you’re also trying to consider their future and what you may need to do now to help get them started on the best path to success. One area that may draw your attention is their future financial security. What habits will they need to develop in order to have a healthy relationship with money? What steps can you take while they’re young to prepare them for the expenses of the future? These questions can feel overwhelming, especially while you’re still adjusting to parenthood, but even simple steps can have a big impact. According to the financial experts of Kiplinger Advisor Collective, the following seven steps are a good place to start. Below, they outline each one  and why taking each particular step will ensure your child is on the right trajectory for a successful financial future.

Nine Common Wealth-Building Mistakes You Might Be Making

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Small mistakes can have a big impact over time. Opportunities abound when it comes to making money. But while there are numerous paths for building wealth, there are just as many paths for making a mistake. And not all mistakes are so obvious. If you’re making or saving more and more money year after year, you’re succeeding in building wealth—right? While this thinking is technically correct, you could be making the process more complicated than it needs to be or are missing out on vital opportunities to build wealth smarter and faster. Here, nine financial experts of Kiplinger Advisor Collective dive deeper on some of the most common wealth-building mistakes that people make and what they would advise people do differently to maximize their wealth-building potential.

Should I Get a Reverse Mortgage? Six Questions to Ask First

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The secret to your retirement income could live in your home’s equity. While saving for retirement is a major financial goal for many, not everyone saves or is able to save enough money to live on by the time they hit retirement age, leaving them wondering how they will manage to pay for living expenses and any unexpected costs that might crop up. A reverse mortgage is one solution to this problem. Instead of making mortgage payments to their lender, homeowners can relinquish their home’s equity back to the lender in exchange for payments they can use to cover their expenses. This can be a tempting solution if you’re worried about how you’ll cover costs during retirement, but it’s not the only solution for supplementing your income, and it may not be right for everyone. So how can you know if it’s right for you? Here, six financial experts from Kiplinger Advisor Collective shed light on the pros and cons of a reverse mortgage and offer up critical questions you should ask yourself first before deciding whether or not to take on this type of solution.

Company details

First Financial Consulting

Company bio

First Financial Consulting believes in fully empowering people to achieve their financial goals by providing totally objective financial advice. Accordingly, we work on a “fee-only” basis to remain free from any potential conflict of interest. Simply put, our success is measured by the success of our clients in achieving their financial goals.

Industry

Financial Advising & Planning

Area of focus

Investment Management
Financial Advising & Planning
High-Net-Worth Wealth Planning

Company size

11 - 50