Financial PlanningJanuary 2023
Behavioral Finance… what is it & why should you care?January 2023
For nine years, Tim and Tammy Andreas successfully ran their business, Global Asset Management Group (GAMG), from high up in the Capital One Building in downtown Lake Charles; until that fateful day in August 2020 when Hurricane Laura blew through the tower, showering shards of the iconic blue green glass across the lakeshore.
Nothing from that office space was salvageable. But Tim and his staff didn’t miss a beat and the work with clients continued. Due to the pandemic, they were already accustomed to working remotely. After the storm, they initially worked from wherever they were displaced. Then for a while, they worked together from the Andreas home. Later, temporary office space became available, but with eight people in a 1200 sq. ft. space, it was tight quarters.
Meanwhile, Tim continued to keep an eye open for GAMG’s permanent home. In particular was the former JD Bank Building on Big Lake Rd. It never fully re-opened after the height of the pandemic. “One day, after so much frustration trying to find property south of town, I called someone I knew in management at the bank and asked if they would be interested in selling,” Tim says. “At first it didn’t work. She said she would talk with the President of JD Bank and it would have to go to the board. After a couple of weeks, she contacted me and said the board was not interested in selling. However, a seed was planted.
One morning after passing the building everyday between our home in Graywood and work, I asked God what He wanted me to do. I couldn’t get any traction on any property, but I couldn’t stay where we were. Honestly, I was complaining more than praying. Yet that same morning I got a text from the person I had contacted months earlier. She asked if I had ever found anything. Immediately I told God I was sorry for complaining and I knew somehow this was going to be our new home. I spoke with the President a few days later and we signed a NDA and began work on negotiating a fair price for us both. June 10 we closed, and early July we got the keys.”
Once they got the keys, Tammy got to work remodeling and redecorating. Tim recalls, “We had 21 different contractors and in less than 30 days we were fully furnished with artwork hanging on the walls for the first day of business, August 1, 2022. Contractors worked weekends, all kind of crazy hours and what a blessing they all were. Even furniture contractors delivered all brand-new furniture. Everything in the building is new, even the bathrooms. The transformation is incredible and hard to comprehend that in this environment we got things done so fast.”
Tim says he still pinches himself when he drives up in the morning or past the building after hours. “God answered our prayers with a location and a building better than we imagined. Now we have a home! It feels great and we give Him all the credit for it.”
Global Asset Management Group is located at 4909 Big Lake Rd. Stop in and visit or call them at 337-419-1855, where they take your life and your investments . . . FORWARD.