Learn Why Financial Planning Is Important
We often heard of terms similar to financial planning, investment management, personal finance, retirement planning and the likes over the past several years. Starting from blogs, newspapers, TV channels, magazines and just about every people, they are all talking about the true importance of financial planning. With all these things said, what is financial planning and why it is extremely important?
Put it simply, financial planning is the process of meeting your goals in life via proper management of your money. The process of planning your finances must help you answer questions similar to your current personal balance sheet, where you are today, where you want to be tomorrow, finances linked to your goals and to what you have to do in order to reach it.
Gathering relevant financial info, setting goals in life such as buying a house, buying a car, children’s education, …