Financial Planning
Financial planning
Everyone needs money for his or her sustenance, comfort and old age. Does the hard earned money really used for this purpose? How many of us still try hard to make ends meet just to fulfill every months basic needs? When this is the case how can we save money from the meager income that we get? How much is really too much money? How can we grow or make optimal use of the finance that we normally handle? Questions like this cloud our minds most often as we fail to manage our finances efficiently.
Who we are or how much we earn is of less concern as long as we can manage and plan our finances wisely. A pauper can become rich and a rich man can suddenly lose his wealth if his financial planning is improper. Usually people blame their stars for their misfortune. They go in search of astrologers who will live out of them by changing their names and houses. They find solace in blaming others be it God or stars for their backdrop. Insecurity and thoughts of one’s future might lead to depression and frustration.
“Make hay while the sunshine’s” as the popular saying goes is the golden rule every human being should definitely follow. We earn to live happily with comforts but we forget to pay ourselves for all the hard work we put in. we pay for everything in this world, do we pay ourselves for the service we do to our family, nation and society.
In the western countries they make it a habit to save 10% of their personal income for their own future use, a millionaire once said, “I am glad I am worth at least 10% of what I earn”.
Better late than never, just sit with a planner and take stock of where you are now. Jot down your financial position as of today. Set long time and short time goals in life and set a imeline to achieve that goal in time. Then carefully think about how you can achieve the goal and what you can do to go where you want to go. Attitude is very important in any major life changes that you might ncounter. Thus set your attitude as if you are planning a vacation. So you first decide the vacation spot, and then set out to make reservations, then pack
your bag and then leave.
Financial planning is just like your vacation planning. First you should fix your target, then make certain changes in your life style, like cutting down your pizza or sacrificing your cigars, then pack up or wind up your extra expenses and start the savings plan when that is dome just relax and enjoy the fruits of your unparallel and diplomatic achievement. Your money will start growing and so will your self-esteem and self-confidence and finally you are efficient and capable to finance your kids higher studies or retire peacefully with the recurring income from the timely savings.
Financial planning provides the reassurance that your future in Canada and all around the world that secures you to live in the comfort as you would like.
Watch the video related to financial plan
When creating a financial plan, the first thing to consider is setting up a budget to better understand how much money can be saved. Learn why a budget is crucial for setting up a financial plan withtips from a financial planner in free personal-finance video. Expert: Julie Asti, CFP Bio: Julie Asti works as a financial planner for Asti Financial. Filmmaker: Bing Hu
Help answer the question about financial plan
What is good financial planning software that can be used in confuction with dave ramsey plan (microsoft money?What is good financial planning software that can be used in confuction with dave ramsey plan (microsoft money) or something that is very good
April 25th, 2009 at 7:26 am
Experts say that you need to figure out what you spend each month and then times that by 6. Because they say you need to have atleast 6 months of bill money in the bank in case you lose you job.
April 25th, 2009 at 8:51 am
http://www.boddunan.com/component/content/article/6-other/260-financial-planning-and-its-requirement.html?directory=3
FINANCIAL PLANNING AND ITS REQUIREMENT
Business & Finance
April 26th, 2009 at 3:44 am
You have 1.5 years left. I would ask the company that asked you to take the new position what the chances are if you do take the job then can you become a CPA for the company after graduation?
If it's a better position and the same amount of hours, the stress level may be a bit higher, but the experience of moving from Accounts payable to Financial Planning Assistant may be a good choice. First it will demonstrate that you excelled at your first job to be noticed and offered the job as the Assistant. Then, it does show that you have a solid background in Accounts and Financial Planning.
Right now you're building a resume and learning how to conduct yourself in the adult world. If the pay is better and the hours are the same, I'd take the new job and learn from it. If you don't like it, you can always look for another Accounts Payable position and return to that field. Furthermore, ask the new company if they will allow you some time for shorter hours during slow seasons so you can concentrate on your studies. If they realize you are balancing school along with their work and showing great promise, you'll probably make a good impression. Negiotiate some terms, know what you can do and cannot do based on the hours you may need for the advanced accounting courses–give your two weeks at your old job if you choose to take it (Leave in good standing as you may need them as a reference) and move forward.
It sounds like a fantastic chance, just know what you want and be clear. If the job meshes with your goals, then go for it.
April 26th, 2009 at 9:18 am
google it
April 26th, 2009 at 3:30 pm
Francis has an advantage.
They should be specialized.
Francis should make the financial statements and Phil should answer the phones.
April 27th, 2009 at 12:49 am
I set up his budget form (modified to our specific bills) on Excel. Now that was about 4 years ago.
Now he has software (about $25) available on his website or subscribe to My Total MOney Makeover section of his website and you can do the budget there (link below). Or Crown Financial (originally started by the late Larry Burkett who Dave gives a lot of credit to) has budgeting forms and online software. (Link below) Crown also has software (last link)
Both would be the best way to stay completely in line with Dave's principles. Both of the on-line subscriptions have free trial periods.
April 27th, 2009 at 2:43 am
Take your pick.
a) No discipline.
b) No education in finance — a product of our public schools.
c) No goals for the future — just live for today.
d) All of the above.
April 27th, 2009 at 10:22 pm
If you are just starting out, consider contacting larger financial companies- investment firms like Smith Barney, Merrill Lynch, etc. or insurance companies like MetLife, Pru or John Hancock.
These companies will train you, get you licensed (for securities and insurance) and help you start your career. You may find that you really enjoy working for a big company- there are some benefits- or you may find after a few years that you would like to be on your own. That's what I did and have been successfully self-employed since I was 26 years old. (I'm 38 now.)
April 28th, 2009 at 1:43 pm
Your public library. The first book I would recommend is called "The Automatic Millionaire". It is nothing groundbreaking or new. I can't believe this guy got rich off of writing these books. I would never buy one of his books. But I read them at the library. It is full of 100% common sense. Very important common sense. Follow it.
Don't try anything that involves "tricks", paying someone else to predict the future for you, or anything like that. (You can predict the future just as well as the professionals.) Personal finance is indeed 100% common sense.