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Financial Coach Who Empowers Women Is Named Queensland Broker of the Year

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Financial Coach Who Empowers Women Is Named Queensland Broker of the Year

Published on March 21, 2024

Financial coach and mortgage broker Dionne Lee has won a prestigious Queensland award for her work helping people own their own homes and build investment property portfolios.

Dionne Lee, CEO and founder of Xcellerate Finance, has been named Bankwest’s Broker of the Year for Queensland. Bankwest’s Broker of the Year awards are all about recognising and celebrating the very best professionals working in the mortgage broking industry.

Dionne has been working in finance and lending from the age of 17 and bought her first property at the age of 20 so she could start building a passive income. She is passionate about helping people understand their finances better and is an expert in mortgage lending, real estate and wealth creation.

The 47-year-old, who also runs A Woman Inspired to empower women and teach them how to achieve financial freedom, says: “There are around 3,500 brokers in the state of Queensland so I feel very honoured to win this award. I’m really proud to have been named Broker of the Year but it isn’t just my win – the whole team works so well together, and this is a win for all of us.

Dionne prides herself on helping people find the best solution for their individual needs and circumstances. This includes looking at why people want to buy a property and what they want their real estate investment to do for them.

She says: “Everybody wants more income so why not create a passive income through building a property portfolio? However, many people buy the wrong property, so they need to know what to look for in an investment property and what the most appropriate options are for them.”

This is not the first time Dionne’s efforts have resulted in an awards win. In November 2023, she was the Empowerment Award winner for Queensland at the 2023 Connective Excellence Awards.

The Empowerment Award is given each year to female brokers who display excellence not only in loan settlements but also customer service, community engagement and professional development. Dionne is passionate about helping women to better understand money and create their own wealth and financial independence.

Find out more about Dionne at https://www.xcelleratefinance.com.au/ and https://www.awomaninspired.com.au/ 

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Business Insurance

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Business Insurance

Published on April 11, 2024

Rhett Chambers discusses the strategic use of business insurance to secure loans. 

Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-rhett-chambers-founder-of-rhett-chambers-financial-services-discussing-business-insurance/

Business insurance, particularly term life insurance, can be a valuable tool for business owners seeking to grow their business by using it as collateral for loans. Rhett Chambers, the founder of Rhett Chambers Financial Services, emphasized how term life insurance can secure loans and provide mutual protection for both the business owner and the lending institution.

Term life insurance is often the preferred choice for collateralizing loans due to its affordability relative to the coverage amount needed. By aligning the term of the insurance policy with the loan term, business owners can keep costs low while meeting the lender’s requirements. This strategic approach allows businesses to access necessary funds for growth without incurring excessive expenses.

One key benefit of using term life insurance as collateral is its flexibility. Business owners can adjust the policy to match the loan balance, freeing up benefits for other purposes as the loan is paid down. This flexibility not only supports the business’s financial needs but also enhances the borrower’s creditworthiness, potentially leading to larger loan amounts or more favorable terms.

Moreover, using term life insurance as collateral provides a layer of protection for both the bank and the borrower in unforeseen circumstances such as the borrower’s death or severe illness. The insurance benefits can be used to pay off the loan immediately, safeguarding the business, the borrower’s estate, and their family from financial burdens.

Rhett shared: One of the big components of the decision-making process for the business owner is cost. If we’re looking at a very short loan, you know, a five-year loan or a 10-year loan, there’s no reason to do a very long term, for example, of 20 years or 30 years, because that’s going to generate a higher cost. So, we can craft the plan to match up with the terms of the loan and in doing that, keep the cost as low as possible, which is oftentimes, very important for the business owner.”

A real-life example shared by Rhett illustrated how a business owner leveraged term life insurance as collateral for real estate investments, building trust with local banks, expanding his portfolio, and ensuring his family’s financial security. This case exemplifies how term life insurance can be a linchpin in securing loans and unlocking opportunities for business growth.

 

About Rhett Chambers

Rhett Chambers, a 2006 graduate of the University of Alabama, embarked on a dynamic career in financial services in 2007 as an agent for AIG. Over the years, he flourished at AIG, serving roles as a producer, advisor, and manager. In 2017, Rhett transitioned to Transamerica, dedicating five successful years before becoming a fully independent agent and advisor in 2020.

Representing top carriers in the financial service industry, Rhett specializes in life insurance, term life, disability insurance, annuities, long-term care, and business succession planning. With a clientele spanning Tuscaloosa and beyond, he extends his services across Alabama and neighboring states like Mississippi, Louisiana, Texas, and Georgia.

Rhett, a devoted family man with a wife and three children, considers his career’s essence to be helping individuals make informed decisions for a secure financial future. Proudly involved in various industry organizations and his community, he actively coaches’ children in sports. Rhett has achieved the Million Dollar Roundtable (MDRT) organization’s achievement multiple years for production and quality of customer service work with clients. Balancing his professional pursuits, Rhett finds joy inshore fishing and reading, looking forward to growing in the industry and leveraging new technologies to better serve his clients’ evolving needs.

Learn more: https://www.linkedin.com/in/rhett-chambers-5b669758/

Recent news and interviews:

  • Rhett Chambers Discusses Key Person Insurance:

https://authoritypresswire.com/rhett-chambers-founder-of-rhett-chambers-financial-services-interviewed-on-the-influential-entrepreneurs-podcast-discussing-key-person-insurance/

  • Rhett Chambers Discusses Buy-Sell Agreement Strategies:

https://authoritypresswire.com/rhett-chambers-founder-of-rhett-chambers-financial-services-interviewed-on-the-influential-entrepreneurs-podcast-discussing-buy-sell-agreement-strategies/

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Buy-Sell Agreement Strategies

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Buy-Sell Agreement Strategies

Published on April 10, 2024

Rhett Chambers discusses buy-sell agreements: strategies for business continuity. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-rhett-chambers-founder-of-rhett-chambers-financial-services-discussing-buy-sell-agreement-strategies/ 

Buy-sell agreements are essential for maintaining the continuity and stability of businesses, especially partnerships and closely held corporations. As discussed in the podcast episode, these agreements are crucial tools that outline the procedures in case an owner unexpectedly leaves the business due to death, incapacity, or retirement.

Rhett highlighted that buy-sell agreements provide a structured plan for ownership transition, giving businesses confidence in maintaining continuity during unforeseen events. By clearly defining the transfer of ownership procedures, these agreements help mitigate conflicts and uncertainties that may arise during transitions.

The episode also stressed the importance of regularly reviewing and updating buy-sell agreements to ensure they reflect the current business value and owner needs accurately. Failure to update these agreements can lead to discrepancies in funding and coverage, potentially jeopardizing ownership transitions and the business’s financial stability.

Rhett explained: “The buy-sell agreement acts in a different capacity in the sense that it is designed to, for example, fund the ability to compensate the surviving family for their part of the ownership that they will otherwise inherit from the death of an owner.”

In conclusion, buy-sell agreements act as crucial safeguards for businesses, offering a structured framework for ownership transitions and ensuring operational effectiveness during unexpected events. Understanding the significance of these agreements, along with regular reviews and updates, can protect business interests and secure the enterprise’s future.

Regularly reviewing and updating buy-sell agreements is vital for businesses, especially as the business value appreciates and grows. Failing to review these agreements can lead to issues like underfunding in case of an owner’s unexpected departure.

 

About Rhett Chambers

Rhett Chambers, a 2006 graduate of the University of Alabama, embarked on a dynamic career in financial services in 2007 as an agent for AIG. Over the years, he flourished at AIG, serving roles as a producer, advisor, and manager. In 2017, Rhett transitioned to Transamerica, dedicating five successful years before becoming a fully independent agent and advisor in 2020.

Representing top carriers in the financial service industry, Rhett specializes in life insurance, term life, disability insurance, annuities, long-term care, and business succession planning. With a clientele spanning Tuscaloosa and beyond, he extends his services across Alabama and neighboring states like Mississippi, Louisiana, Texas, and Georgia.

Rhett, a devoted family man with a wife and three children, considers his career’s essence to be helping individuals make informed decisions for a secure financial future. Proudly involved in various industry organizations and his community, he actively coaches’ children in sports. Rhett has achieved the Million Dollar Roundtable (MDRT) organization’s achievement multiple years for production and quality of customer service work with clients. Balancing his professional pursuits, Rhett finds joy inshore fishing and reading, looking forward to growing in the industry and leveraging new technologies to better serve his clients’ evolving needs.

Learn more: https://www.linkedin.com/in/rhett-chambers-5b669758/

Recent news and interviews:

  • Rhett Chambers Discusses Key Person Insurance:

https://authoritypresswire.com/rhett-chambers-founder-of-rhett-chambers-financial-services-interviewed-on-the-influential-entrepreneurs-podcast-discussing-key-person-insurance/

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Key Person Insurance

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Rhett Chambers, Founder of Rhett Chambers Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Key Person Insurance

Published on April 9, 2024

Rhett Chambers discusses insights into key person insurance. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-rhett-chambers-founder-of-rhett-chambers-financial-services-discussing-key-person-insurance/ 

Key person insurance is a crucial aspect of financial planning for businesses of all sizes, not limited to large corporations. In a podcast episode featuring Rhett Chambers, the founder of Rhett Chambers Financial Services, he stresses the importance of key person insurance for businesses of all scales. Rhett explains that this insurance can benefit partnerships, sole proprietorships, and even small businesses with just one owner and one employee. It is designed to shield the business from the financial impact of losing a key employee due to death, illness, or disability.

Rhett shares an example of a partnership between two attorneys, where one fell critically ill. The key person insurance plan owned by the law firm injected cash into the business, providing reassurance to the partners that financial stability would be maintained during the partner’s illness. This example illustrates how key person insurance can be crucial in ensuring business continuity and financial stability, regardless of the business’s size.

Moreover, Rhett dispels the misconception that only large corporations need key person insurance. He clarifies that businesses of all sizes can benefit from this planning. In the case of a sole proprietorship, the insurance can be structured to protect the family and the business separately. By setting up key person insurance where the business owns the policy, pays the premiums, and is the beneficiary, businesses of any size can have complete control over the coverage and benefits.

Rhett explained: “A key person insurance can be designed in a multitude of ways, which gives protection to the business in the event that they lose this performance by the key person. Also, the key person insurance would be almost an immediate cash influx to the business. And this gives peace of mind to the business owners and to the other workers at the business that, during this period of time, while we try to recover, we’re going to be in a better position to take our time and make good, informed decisions.”

 

About Rhett Chambers

Rhett Chambers, a 2006 graduate of the University of Alabama, embarked on a dynamic career in financial services in 2007 as an agent for AIG. Over the years, he flourished at AIG, serving roles as a producer, advisor, and manager. In 2017, Rhett transitioned to Transamerica, dedicating five successful years before becoming a fully independent agent and advisor in 2020.

Representing top carriers in the financial service industry, Rhett specializes in life insurance, term life, disability insurance, annuities, long-term care, and business succession planning. With a clientele spanning Tuscaloosa and beyond, he extends his services across Alabama and neighboring states like Mississippi, Louisiana, Texas, and Georgia.

Rhett, a devoted family man with a wife and three children, considers his career’s essence to be helping individuals make informed decisions for a secure financial future. Proudly involved in various industry organizations and his community, he actively coaches’ children in sports. Rhett has achieved the Million Dollar Roundtable (MDRT) organization’s achievement multiple years for production and quality of customer service work with clients. Balancing his professional pursuits, Rhett finds joy inshore fishing and reading, looking forward to growing in the industry and leveraging new technologies to better serve his clients’ evolving needs.

Learn more: https://www.linkedin.com/in/rhett-chambers-5b669758/

This post was originally published on this site

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