Develop A Life Plan

Category: Finance.

Is the love of money really the root of all evil?

Even as a person starts out in life, the end looms in the distance. Today belongs to the paycheck but tomorrow belongs to the prudent investor. It is everyday cost that determines positioning in future years. What does long term planning consist of? You must implement long term planning as a resolve to how you will spend your last years. Budgeting.

Securing assets. long term commitment. Long term plan. These four factors are the basis for securing a financial free future. If you buy a home a car or any big ticket idem, you must make installments. The fact is, you pay for today but you must finance your future. Life is the same, it can be secured only by making installments.

The future is bought in increments, one step at a time. Unless you hit the lottery or inherit a great sum of money, you must buy your future by making pre determined payments. Plan For Tomorrow. Daily overhead cost are a given. Some factors are given, and predicted life, like monthly overhead span. You know and can expect the same cost from day to day, plus cost of providing services, increases.

Given any unseen events, you will probably live around eighty five years. Considering the ten percent you hold out for your future you must stay within your allotted income. If you are twenty five now and let s say you work twenty five years. . . that gives you thirty years you need to finance. Because of the cost involved, you must use financing to achieve your objective. You are essentially buying twenty five years of lifestyle. That s ok, it s common practice and one that can be mastered with a little determination.

First let s start with a mission statement. The Mission Statement. A mission statement is only a decoration of intent. It answers the question, why. It is a statement pertaining to your reason for doing. It also brings into light the facts of the situation.

Your spouse must be in agreement with the desired results and also agree to work jointly to achieve it. If you are married it must be a joint activity. Second, how are you going to do it? Unless you are a financial planner, you should seek the advise of one. Financing twenty five years of life while maintaining a desired lifestyle is a daunting task to say the least. Your life is your experience, I know that sounds a little obvious but you would be surprised how many people don t give it a second thought. He runs down to the local supplier, and the music is playing with singers singing, "I want it all and I want it now. " Of course that advertisement is from a credit card company.

An advertisement, is one where, I hate the couples TV goes bad. Make a Budget. Examine your lifestyle and determine if you can afford it. Make a budget and stick to it. I know, no one wants to give up what they have been used to and you don t have to either. Do not use credit cards to finance today s desires. Through careful planning you can be prepared for what ever happens in the future.

Filling today s desires will leave your future broken and in disarray. Their interest and other charges makes them a poor choice of use. In fact, credit cards are one of the worst types of financing you can use. If you need something, make payments to, barring an emergency yourself until you can pay cash. Use the card and pay it off within thirty days. True, you must use the credit card occasionally, to keep your credit rating up.

Be faithful to your budget. There are a lot of good budget planers around. Stay on track and soon you will see results. Go to your local office supply store and I am sure they will have one. Develop a Life Plan. The thing is, a budget is only as good as your commitment to it. Third map it out.

Perhaps you may have to take a second job or change jobs to accomplish your objective. Like any adventure, you must have a map of where you are going. Don t let today s things get in the way of tomorrows living. What kind of installments do you have to make? What happens it you aren t making enough to pay for your future? Either adjust your expatiations, or make more money. If your job is not providing you with the capital you need, perhaps you should consider becoming part time or full time self employed.

It s really that simple. I know that sounds a little intimidating but it is not impossible. One way is more education, certification or licensing. How can you increase you earnings? If you are a professional, you can increase your value by reaching a higher level of potential. Attend seminars, any thing that, conferences would put you at an advantage. Non professional people, can also increase their value to their employer by learning everything there is about their job.

Always remember, your life is at stake. Now it comes down to commitment. Commit to your Plan. Not many people can commit to anything. People have become too self orientated and see commitment as a distraction to self fulfillment. Marriage, job, family, relationships, there is little or no commitment anymore.

Don t fall into this trap, free yourself and live a life of enjoyment and accomplishment. Use the ten percent factor to secure your future and give you peace of mind. Finance is and must be considered if you are to live an abundance life. Live an Abundant Life. Plan to be every ting you were meant to be. It is your life, how will you experience it? will you be in constant need of money and constant pressure from finance companies, or will you be prudent and plan your financial future?

With a little foresight, finance will be no problem and your life. . . will be not only on track, but more pleasurable. Happy Trails. . Next, Wealth and the, Health pursuit of Health.

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In Conclusion, I Assert That Investors Should Be Wary Of The Market Valuation Measures That Most Analysts Throw At The Public - Hazel Uptain about Finance:

For a particular stock, the analyst usually looks at companies with similar growth rates or similar companies in different industries to find" comparables" which are then either tweaked higher or lower based on factors such as quality of management, size or stability of earnings. The big answer as to who really controls market valuation is that it is the retail investor, many of which do not know the first thing about stock market valuation, that really determines the market price.