I'm Lorenzo Hardy
Independent Financial Adviser for 12
years.Licensed by the National Association of Securities Dealers, the Securities and Exchange Commission as a Registered Investment Adviser on the federal level.

Home About us small business financial services insurance Contact us  
Sign up Our Financial Tips Newsletter


December 9th, 2009

If you have a job right now, Thank God. If you’re looking and haven’t found a lot of success, consider volunteering. It may not seem like the easiest solution but it will keep your skills from going down and put you in front of people to network and promote yourself to. These days we are in a position to help others less fortunate than ourselves and since you are a little down on your luck, go out and help someone else it really makes you feel good about yourself and it will put a smile on someone else’s face. I teach a ministry class and I get so much joy teaching people about God’s word. It makes me study the bible more and gives me a chance to interact with people who are less fortunate than myself. It gives me hope, encouragement, love and a will to succeed. So take time out to volunteer, It will make your day!

Bankruptcy and Foreclosures are sweeping the nation. After all the dust is settled, I would like to make some suggestions. Bankruptcy should only be used as a last resort. The laws have changed because everyone was getting rid of their debt. In October 2005 The laws changed and it is almost impossible for a person who is working to discharge all their debt and start over. The court takes in what you owe against what you make and they set up a payment plan for you to pay the trustee, who in turn pays your creditors. if after 5 years you still owe these creditors they can start trying to collect again and you are right back where you started and the bankruptcy stays on your credit report for 10 years! This is called a chapter 13 wage earner plan. Some people who have lost everything and are not working can qualify for the chapter 7 bankruptcy but you can’t own anything after the discharge including your home. The trustee sells everything of value to pay your creditors and you are no longer expected to pay but it also stays on your credit report for ten years.  Avoid bankruptcy if you can. Call up everybody you owe and negotiate a new payment that’s the same thing the trustee is gonna do. If they don’t want to negotiate with you start sending what you can afford. If it’s 10 dollars send it if they ever try to garnish your wages, the court will tell them no because you made an effort to pay. In the case of foreclosure, I recommend stop paying your payment and start saving for a move. Most of the houses now are not worth what you owe on the house. In Detroit, houses are not worth more than 20,000 and people owe 100,000 or more for these houses and you can buy a house from 1,000 to 20,000 in Detroit. So i tell people to stop paying save your money until they put you out and go buy another house or pay the rent for another year somewhere else. I know a lot of people who have found houses in good shape for 3,000 to 10,000 dollars and if your payment is close to a 1,000 you could buy a house by the time the foreclosure proceedings are over.

I WENT TO BIBLE SCHOOL TONIGHT!  We were discussing the covenants God made with his people. First there was the Adamic covenant and then Davidic covenant and The covenant of our Lord and Savior Jesus Christ. One of the students asked if this was still effective today and I asked him to go back to where we started about God’s covenant with Adam, Gods covenant with Abraham, I will bless your children, your children’s children, and your children’s children’s, children and God fulfilled his promise to Abraham and fulfilled his promise to David by  having his descendant Mary birth our Lord and Savior. As this year comes to a close I don’t believe that I have ever seen times like they are now. Our parents would probably tell us something different. I am but one person but God made a covenant with all of us. Believeth in him and confess thy sins with thou mouth and repent of your sins and you shall be saved. I believe in my heart that I have a purpose in my life and that God is directing my path to get my brothers and sisters to wake up to what’s going on.  I started this website to educate people of any race to understand this financial world in simple terms that average people can understand. I know it’s hard to learn new tricks but we have to make a way for our children and our children’s children. I need you to think about where you’re gonna be in 10, 15, or 20 years. Are we gonna always owe someone. Do we want to work all our lives and end up broke. People always say to me I live for today because tomorrow ain’t promised to me. But, one knows how long there gonna be here but it would be terrible to live another 30 years after retirement and waiting on the Social Security check that just pays the rent. We have to plan as if we are gonna live forever because we leave something for our kids “oops”, children my aunt told me kids are goats! That leaves them in a position to leave their children something. This site is for you to ask questions and get real answers. I’m going to be honest with you and If I don’t know something I’ll tell you I don’t know but I will find out for you! God left us a inheritance and a covenant and we should take better care of this blessing and be obedient to God’s word and know that God will never leave you or forsake you. Hold on to God’s unchanging hand! I am asking people who read this to tell 10 more people to read this post and give me some feedback!!!! I want this to be where we get the honest truth. So 10 friends tell 10 friends and 10 tell 10 more. I want to see if we can spread this site all over the Internet and be like the Obama campaign. So I look forward to hearing from you soon. Be Blessed in the Lord our Savior and pray for your brothers and sisters in the war and all who have lost jobs and everyone in pain lift them up and pronounce them healed.

Consulting Services

June 17th, 2009

L H Financial Services Inc. gives seminars on the five phases of financial planning. These classes are designed for companies with employees who want to understand taxes, insurance, investments, retirement?and estate planning. The course has five sessions lasting two hours and can be done on or off site depending on employer’s preference. It’s important to note that most workers do not understand their finances and do not contribute to 401k’s or IRA and have a hard time preparing for retirement or any other major events like buying a home or saving for a college education. This course will get them on the right track and promote employee retention, 401k contributions and give them the tools to maximize their paychecks.


June 17th, 2009

For many Americans, retirement translates into freedom: You’re finally free from the “daily grind” The days of getting up to the buzz of an alarm clock, rush hour traffic and dealing with troublesome bosses, co-workers, suppliers, or customers. You finally have all the time you want to relax, travel, visit friends and relatives, or pursue hobbies such as golfing, gardening, reading, or sewing. You might even start a new career. At last, your time belongs to you and you alone.

But the thought of retirement also can be stressful. The realization that you’re not going to a job every day can create perceptions of uselessness, isolation and lack of worth. The thought of having to live without the familiar paycheck also can produce financial stress and penny-pinching. How do you reduce that stress? It all boils down to this; you can reduce or even eliminate the anxiety through self-education and financial planning.


June 17th, 2009

What’s an Investor to do? With the current economic turmoil in the country a lot of people have stopped investing. But I say this is opportunity time! When you make investment decisions, you always face uncertainty. Will the economy grow at a healthy pace or slow to a crawl? Will stocks surge to new highs or tumble? Will interest rates rise or fall?

No matter what happens, YOUR LIFE GOES ON! There is still children’s education to finance, a mortgage to pay and a retirement nest egg to accumulate. First remember that shifts in economic growth and fluctuations in the financial markets are normal parts of the U.S. business cycle. They’ve happened before and they will happen again.

Successful investors develop a well-reasoned, long-range plan and stick to it. While an affordable investment plan won’t make you rich overnight, it can help you reach your investment goals over time.

Estate Planning

May 26th, 2009

You probably haven’t given it any thought, but consciously or not you have been building your estate during the course of your working life. If you are doing it without thinking about it, then your final result is likely to be that described by the Roman orator Seneca, when he said: ” Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind.”

Your estate consist of whatever you own at any time in your life: cash,investments, real and personal property, minus your debts. You will continue to build your estate as long as you receive income, buy stocks and bonds or collectibles, own property and incur bills.

Whatever you have, get, or lose affects your estate, and that has major implications for you both now and in the future.


May 23rd, 2009

There are two things certain in life: Death and Taxes. The IRS is the governing body over our income tax system, and most people are scared to death of the IRS. The whole thing is the government wants you to pay your fair share. With revenue from taxes the government pays it’s bills for everything from government employees to the war in Iraq. The rules and regulations change constantly and most people miss out on deductions and credits because nobody publicizes these changes on a daily basis.

One of the biggest myths that I have found about taxes is that when you die all your bills are paid. This is far from the truth. Did you know that even after you die, you still have to file your last tax return! Not you of course but your next of kin. If you owe any taxes that person is responsible for paying your bill to the IRS or if you do get a refund your next of kin will spend it for you.


May 23rd, 2009


1.Helps 32 million more Americans get insurance. 2. Makes preexisting medical conditions a thing of the past. 3. guarantees basic benefits for everyone in medicare. 4. Sets up a temporary program in July to help people with preexisting conditions obtain coverage. 5. Provides new benefits for most people who already have insurance, such as coverage for adult children until age 26. 6. Leaves medical decisions in the hands of you and your doctor. 7. Requires most people to have coverage by 2014. 8. Creates State run insurance exchanges offering a menu of private insurance plans by 2014. 9. Offers immediate tax credits to help small businesses buy insurance for their employees. 10. Keeps Medicare financially sound for nearly 10 more years and reduces the deficit by an estimated $143 billion.

Why buy life insurance? To financially protect your loved ones in the event of the untimely death of the main breadwinner, which in most cases is you. Insurance was invented to cover a risk. A risk is the possibility or probability of a loss. So insurance companies insure these risk for a fee. You agree to pay the fee and the company agrees that if you have a loss from that insured risk, they will pay you a certain amount to compensate you for the fee you paid.

There are a lot of different kinds of life insurance. Term and whole life are the most common. Their names tell the whole story. Term insurance last for a term of your life ie; 1yr, 5yr,10yr, 20yr or 30yrs. It does not build a nest egg, it’s just to cover your death for that period of time. Each time you complete the term you need to go buy the insurance again. The problem with this is that as you get older insurance gets more expensive.

Whole life is just that. a policy that lasts your whole life. It does build up a nest egg because the company has charged you more than enough to pay for the insurance and saves the rest for you until you need it. You can borrow the extra money before you die if you need it and if you don’t they will add it to your benefit at your death. The premium can never change and you are always covered.

© 2008. LHFS. All rights reserved.
Design and Development by Wareblue.com