Financial Planning in a nutshell, is the means to examine and plan for one’s fiscal future by assessing the money required and ascertaining its growth, hazards and competitions.
If done correctly, you will be able to have a sound financial strategy with proper investment, the right insurance, a suitable trust. Then you will be able to easily engage the administration of your funds now and how it can be transferred to a spouse, children and future generations.
Financial preparation, if done right will, help you define your short and long-term business, enterprise, and family monetary goals to create a balanced plan to meet those goals.
Creating a financial plan helps you see the what goes in and out and the how it all works, so you can set life goals, then create the key steps in plotting out your monetary future. When you have a good financial plan, you will be at ease to make the best decisions to meet your goals.
A good financial plan involves setting goals to tell your money what to do. It is about your budgeting, cash flow, debts, savings, investments, tax planning, wise spending, insurance and retirement. In so doing, a good financial plan gives you the strategy which will alleviate stress and help you make better financial decisions.
Do you have credit card debt? Is it a lot? Perhaps, unmanageable? This is a very easy trap that many fall into, that I have fallen into more than twice. And, I am a Financial Consultant who knows better. I did not take my own advice. Thankfully, I learned how to properly use credit cards, and you can too…>
“Budget” can feel like a bad word, restrictive and difficult. Instead of thinking of a budget as a negative thing, remember that a budget is simply a “game plan” or a financial plan. We need to..>
Here are two of the best approaches to pay off debt. One is called the “Snowball” and the other is called the “Avalanche.” These work by accelerating the payoff by changing the order of your debts. Then, you will save hundreds to thousands of dollars in interest payments and reduce the time it takes to pay off the debt significantly. Sometimes cutting by years. And there is considerable…>
Here are the top proven effective ways to get your financial house in order now and through your retirement…>
Why is compound interest so important? Because your rate of return on interest will make a deposit or loan (rate of loss) grow at a faster pace than just simple interest. Thus, you will be earning…>
Coming soon, what our research on investing, insurance and trusts has found that will help you and your family and business!