Financial Planning 101 Introduction | Financial Management | Personal Finance Money Management

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How do you make your life better? get more control? protect your family? Create a personal financial plan. Start here! We all want to know how we are going, and what we can do do improve our money management and personal finance.

The main reason for planning is to get things done faster and to avoid problems. Examples of plans include things as simple as a shopping list to more complex plans like a building construction plan. Think of a Financial Plan as a faster way to your “financially better ” place.

This is an overview of 7 keystones of a personal financial plan.
1.Your spending /personal budget
2. Building a cash safety net / emergency funding / afe money management
3. Importance of Buying a home
4. Protecting your family and assets/ insurance plans
5. Putting plans in place to safeguard your family in case of (premature) death
6. Saving for retirement
7. Understanding how investment and risk go together.

So you can see how they all fit together.

Comments

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Bindu Bhat says:

Excellent analogy, easy to understand.

Dadullah Habibzai says:

Dear Sir I am working in finance Area please mention for me how prepared an effective financial plan .thanks

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I just tell him nice .what a motivation .
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HomeOwner University says:

well said, Thanks for sharing great information.

MM M says:

Not a bad video. Staying motivated is the hard part – and it's nearly impossible without a mentor. Find someone to talk to!

Pratik Sepuri says:

Can we use this video on our website.

FreedomLifePlanning says:

Good video. I find it important everyone today learn more about financial planning. We can't just rely on the government to take care of us. High schools should teach financial planning to students right away so young adults can get off to a good start!

I found other good resources at this site: http://www.freedomlifeplanning.com

Elisa Todd says:

thanks for this video.

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Vashti Cowrie-Seurattan says:

Very Very Very helpful

nan kelly austin says:

In the past, I've invested in my businesses. Do it over again- invest in savings.

Eduard du Toit says:

great thank you. for a south african investor i hope you can instruct me where to start with investing in property as this country is up to shits.

Swafeha Khan says:

Very Very Very good, thank you.

Brent Moretz says:

i taking personal finance right now but that video did not help me much i about fell asleep watching that video.

Nathan McKenzie says:

PFP should be: 1. specific 2. realistic 3. time frame 4. indicate a type of action to be taken

Reeko Razberry says:

Straight to the Point! Well Appreciated.Thank You!

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Taylor Brunswick Group says:

Very informative insight 🙂 Great point! Learned much from this video thanks for posting. Something similar with this check it here https://www.youtube.com/watch?v=ncufSP4SYSU

diamond Cash says:

Very well explained.

Samson Okanda says:

great insight,

Perry Frampton says:

Very useful insight into the business

Perry Frampton

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