Featured Post

Professional Financial Planning Advice – Simple, Proven, Effective

Trained professionals known as financial planners or advisors are eager for your business. But how do you know if you are working with an advisor that can really help you achieve your financial goals? Your average financial planner is a proponent of one or another of their favorite financial vehicles, some effective, some proven, some not so much. The old saying, if you only have a hammer all you see are nails holds true. With a dynamic and changing financial reality, many advisors are simply doubling down on strategies that no longer work… These planners may truly have your best interest at heart, but if they haven’t kept up with the watershed changes in finance occurring regularly, your advice could be dead wrong. That being said, some fundamentals will always hold true. The strategies a professional financial planning suggests should be custom tailored to the needs of your unique finance profile. What are your needs? What time frame are you looking to for results? What assets ...
5 comments

A Basic Approach To Financial Planning

The task of financial planning can sometimes leave you feeling like you have a mountain to climb. You probably know that, in theory, it's a good eye to keep a close eye on your finances. But there may be a big difference between theory and reality. The reality may be that you find the thought of personal finances rather boring. Don't worry - you're not alone in holding this view. There are many, many people who would look at the financial world in the same way. Unfortunately, the failure to keep an eye on your finances could have some pretty horrible consequences. This means that it's fine to dislike this subject, but that the reality is that you can't allow yourself to ignore it. Inertia is likely to lead to an increase in your spending and further problems before long. So the key is to keep financial planning as simple as possible. It needs to be comprehensive, but there are strategies that will allow you to make things quite easy. The most important first step is to remember that good planning is going to be about having a good level of record-keeping. So that means that you'll need to file documents away in a safe place. What do we mean by documents? Well, that pretty much covers anything, from pay slips to dry cleaning bills. You want to keep hold of everything that records money that you earn, or money that you spend. Keeping all of those pieces of paper will make things much easier for you. The reason that it will make things easier is because it will allow you to quickly enter all of that information into a simple spreadsheet. You can then establish the true state of your finances. Don't be fooled into thinking that you need to use a complex piece of financial software. Microsoft Excel will do just fine. Having recorded all of your income and spending over a period of time (ideally one month), you'll be in position to take a look at how you're doing. Are you spending too much money? If so, now's the time to draw up some strategies moving forward. Maybe you could spend a little less on some of life's luxuries?

Comments

Post a Comment

Popular posts from this blog

Professional Financial Planning Advice – Simple, Proven, Effective

Trained professionals known as financial planners or advisors are eager for your business. But how do you know if you are working with an advisor that can really help you achieve your financial goals? Your average financial planner is a proponent of one or another of their favorite financial vehicles, some effective, some proven, some not so much. The old saying, if you only have a hammer all you see are nails holds true. With a dynamic and changing financial reality, many advisors are simply doubling down on strategies that no longer work… These planners may truly have your best interest at heart, but if they haven’t kept up with the watershed changes in finance occurring regularly, your advice could be dead wrong. That being said, some fundamentals will always hold true. The strategies a professional financial planning suggests should be custom tailored to the needs of your unique finance profile. What are your needs? What time frame are you looking to for results? What assets ...
Read more

There Is No Recession For Financial Planners

If there is one field of career in India that has not been affected by the global economic recession, it is that of financial planning. Anyone who has a little deeper insight into India’s economy knows that global financial crisis that has seriously hampered the world economy since 2008, still has its effects on Indian economy as well. But, though somewhat ironically, the crisis in the domain of finance-or at least a real threat of the crisis to appear anytime-has paved a flowery way for career aspirants in the field of financial planning. The more the financiers feel uncertainty, the more they tend to seek better financial planning. This is the secret behind the overgrowing popularity of CFP training. Is the Threat Real? Do you doubt there is any real threat of recession? You may, but for those whose millions of rupees are at stake are already aware of the real situation. As per the data just released, the overall growth performance has been unexpectedly poor in India in the last q...
Read more

Financial Planning Tools – Simple, Easy Planning Help

Financial planning tools are made available by professionals to help avoid achieve better financial management results. Finance is a sound management of money that is indispensable and the proper tools and knowledge handling finances can make or break the success of a company or individual. Planning tools when used properly can provide you the insight you need to make sound decision making and wise financial choices. The best tool at your disposal is to use the services of a proven and effective financial planning advisor. The best financial planners are capable of designing an appropriate management system and guidance that will be invaluable to your business. Hiring of a professional involves costs, but the return should far exceed the costs. Before planning tools can be used for benefit, you must be able to identify your financial goals, to set your course so to speak. The financial tools may be able to warn you of coming risks or opportunities, but it will be up to you to assess ...
Read more