Financial Planning - Is it a Way to Get Financially Free?
Achieving financial freedom is not at all easier than most of us may think.
Like me if you are also not born in a wealthy family, then we just have approximately 46 to 50 years earning years to achieve this financial freedom.
In all these years you should at least complete minimum education or training, get a job or open a business along with fulfilling the basic demands of proper food and shelter, clothes and transportation, child rearing expenses, insurance premiums, college tuition, Christmas presents, and more.
Financial planning comes in handy if you want to keep a check on your expenses.
If you plan your expenses correctly then you can spend money to enjoy life, vacation, buy or lease new cars and can also utilize that money to get rid of debt, that many times get piled up because of a poor financial estimation.
Financial planning has made life of many people happy as it taught them to live within their means along with saving as much money as possible.
Proper financial planning teaches people to get insured against the potential risks that could ruin their financial position.
People following financial planning do not use debts to fill the house with new things instead they pay cash and buy the desired thing.
Financial planning changes their lifestyle and investments use and thus they lead a much happier life than people who do not plan their financials.
Do not wait just start saving and planning your financial for a better future.
A $3.
00 saving a day in starting at the age 22 means you can amass over $850,000 in an IRA, which is not a less amount.
The difference between a financially planner and most of the people who do not save is that, a financial independent develops the art of saving money which otherwise would have been rather than spend it.
Have you ever heard many people complaining that they do not have enough money left at the end of the month to pay checks? I am sure you must have.
The reason for it in almost every case is poor financial planning.
Make a goal to cut short your expenses by keeping a check on your lifestyle and you would surely get well on the road to financial freedom.
Like me if you are also not born in a wealthy family, then we just have approximately 46 to 50 years earning years to achieve this financial freedom.
In all these years you should at least complete minimum education or training, get a job or open a business along with fulfilling the basic demands of proper food and shelter, clothes and transportation, child rearing expenses, insurance premiums, college tuition, Christmas presents, and more.
Financial planning comes in handy if you want to keep a check on your expenses.
If you plan your expenses correctly then you can spend money to enjoy life, vacation, buy or lease new cars and can also utilize that money to get rid of debt, that many times get piled up because of a poor financial estimation.
Financial planning has made life of many people happy as it taught them to live within their means along with saving as much money as possible.
Proper financial planning teaches people to get insured against the potential risks that could ruin their financial position.
People following financial planning do not use debts to fill the house with new things instead they pay cash and buy the desired thing.
Financial planning changes their lifestyle and investments use and thus they lead a much happier life than people who do not plan their financials.
Do not wait just start saving and planning your financial for a better future.
A $3.
00 saving a day in starting at the age 22 means you can amass over $850,000 in an IRA, which is not a less amount.
The difference between a financially planner and most of the people who do not save is that, a financial independent develops the art of saving money which otherwise would have been rather than spend it.
Have you ever heard many people complaining that they do not have enough money left at the end of the month to pay checks? I am sure you must have.
The reason for it in almost every case is poor financial planning.
Make a goal to cut short your expenses by keeping a check on your lifestyle and you would surely get well on the road to financial freedom.
Source...