Financial Planning and Strategies

The Financial Process As every process, financial planning has steps that help you to make this process easier and even beneficial. So, you are offered some steps that should be taken into your consideration. 1. So, at...
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Establishing Your Financial Planning Health   A lot of people have the assumption that financial planning is only for the rich. That assumption is inaccurate. In fact, when a person has a really tight budget, it is...
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When you’re getting serious with someone, you’ll need to initiate many serious conversations — getting married, having kids, who gets control of the TV remote — so a conversation about money might be...
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By Paula Pant. Do you think that just because you're young, you don't need to worry about money? Guess again. Whether you're a high school graduate, college student or you've recently entered the working world, getting...
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By Paula Pant. Congratulations! After years of hard work, you've finally accepted your diploma, crossed that stage and entered the Real World. And you have zero job prospects lined up. The thought of finding a job...
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To keep your car running smoothly, you need to give it an occasional tune-up. The same is true for your personal 'financial engine' - if you're going to keep it humming, you'll have to make sure all the parts are working...
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Comprehensive financial planning is important for any investor seeking a secure financial future. But for physicians, effective planning is especially critical because such high-income professionals have unique and complex...
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"He who is fixed on a star does not change his mind." - Leonardo Da Vinci Have you ever thought about how powerful setting specific goals can be? My sense is that you have so I am not going to spend a lot of time on why...
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In my previous articles, I talked about clarifying those things in life that are truly important to you - your values. I also discussed identifying those important milestones that require money and planning to achieve -...
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It can be difficult to decide where to allocate your funds when you want to both increase your investment portfolio and reduce your outstanding debt. The decision typically depends on the potential return of the investment...
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"When your values are clear, your decisions are easy." - Roy Disney If managing your financial future were an Olympic event, would you make the team? Now I seriously doubt that this would ever become an Olympic event,...
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Before you start investing your family's hard earned assets, having a sound financial plan in place is the key to making sure your investment choices are well directed. Below you?ll find some of the steps you can take to...
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Last month I conducted a workshop to help people make smarter choices about their money. For those unable to attend, this article will be the first in a series to summarize some key concepts we covered. Surprisingly,...
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This year, tax laws take effect that impact investors in a variety of ways. There's plenty of good news: Investors can save more for retirement, make larger gifts and leave more to heirs. Here's a look at some new...
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One of the surest ways to sabotage your financial goals is to take on an excessive amount of debt. Unfortunately, it's not difficult to get yourself into that situation. Just consistently spend a little more than you...
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As you encounter major life events, different financial matters will be of primary concern. For instance, your financial concerns when you start your first job will be very different from your concerns as you approach...
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"I'll get to it tommorrow." "We have plenty of time. " "I don't have to worry about that for 20, 30 or 40 years. " "I can't think about that now, I'm too busy. " These are the comments I hear from people today...
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It is critical that the American public begin prioritizing capitalizing their personal finances. The average family spends 34.5% of every dollar earned on interest paid to another institution. Interest to pay for credit...
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I know that many of you, especially if you are self employed, don't always stick to a plan when it comes to managing your finances. You may be contributing to a retirement plan, but otherwise, your finances often ...
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Have you ever wished you had more time in the day to do what you wanted to get done? I think at some point in our lives we have all wished for more time. The truth is that even if we had 5 extra hours a day we would still...
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The statements below will help you to think about and assess how satisfied you are with the many aspects of your life. Rank each statement on a scale of 1-5 with 1 being not satisfied, 3 moderately satisfied and 5 very...
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Investing is a lifelong process, and the sooner you start, the better off you'll likely be in the long run. The first part of that process is developing consistent savings habits. Regardless of whether you are saving for...
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Did you know that a large percentage of today's millionaires have accumulated their wealth in one generation. No we are not talking about people who have some special education, or achieved superior investment performance,...
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There is another approach, which I believe makes much more sense, one based less on pie-in-the-sky and more on what we can realistically plan for. For this plan, the starting point is how much we spend each year or plan to...
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Financial rules of thumb are designed to give you quick guidelines for your finances. However, you shouldn't follow them without giving some thought to your personal circumstances. Some of the more common financial rules...
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By definition, achieving your financial goals requires the accumulation of financial assets. How quickly you accumulate the needed assets depends on three things - how much you earn, how much you save, and how well you...
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Lifelong Financial Tips Wherever you are in life, these tips may help you get on solid financial ground and help you stay there. Get specific with your goals. There's an old expression: "If you don't know...
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Whether you are the fiduciary of a pension plan or an individual investor, one of the most important steps you can take in your investment planning process is the creation of an Investment Policy Statement (IPS). An IPS...
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About spending? About investing? About buying insurance? Do you act on your emotions? Or, do you make decisions by weighing the possibilities with the hope of increasing your chances of achieving a desired result? More...
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