Most of us would never contemplate starting a trip without a destination in mind. Typically you know your destination and you plan your route with care. Understandably there may be detours‚ but you stick to a general route to get to your destination.
The same care isn’t always taken in terms of charting your financial course without a plan. If you don’t have a plan‚ you often have no idea what the future holds. This uncertainty and lack of clarity can lead to worry‚ frustration and a failure to fulfill dreams. There is no worse sentiment‚ when it’s too late‚ than regret. The future will arrive‚ whether you adequately prepare for it or not. The question is “What kind of future do you really want for yourself and the people in your life that are most important to you?”
Establishing goals and objectives places a formal stake in the ground and something to aim for. It is important that it is realistic and attainable.
There will be several components of your financial affairs that will need to be set up and structured appropriately and effectively to ensure you are going to reach your goals and enjoy the process on the way. These include:
Plans are no good unless they are implemented and regularly reviewed. Clearly different components of your plan will be more of a priority at times than others. Reaching your goals will not be in a straight line. Circumstances in your life will clearly change‚ but by having an overall plan‚ knowing what you have to do in each component of the plan depending on where you are on your path‚ you will be better placed to stay the course and achieve your goals.
Advice to help you build a secure financial future
Everybody. Everybody should have a plan of where they’re going‚ how they’re going to get there and what they should be doing next.