How To Do Your Own Financial Planning
A financial planner is someone who has been hired to help you plan some specific goals like retirement or investments or someone who advises on various financial topics such as taxes, saving, insurance and more. It is always good advice to consult a financial planner before finalizing anything. But you can at least control your flow of money. So let’s see how you can do your new financial planning . Determine your personal financial goals You should be clear about your future goals. What can be included in financial goals? Planning for retirement, purchasing a home, developing a financial safety net against unexpected disasters or life change- all these can be included in your financial goals in general. (There could be a specific goal too which you have to list down). Determine your current financial situation By defining your net worth you will be able to calculate your assets. By doing this, you can be aware of your current financial position. And ultim...