Financial planning

Why do I need a personal financial plan

So, how and why the plan is being developed. Any plan, personal or corporate, is being developed in order to achieve any goals. And thus, a person must first be understood that it is necessary in the future.

That is, it must articulate its goals. Do not think that it is very easy to do.

As a rule, 90% of people can hardly imagine what they want to achieve financially in the future. To facilitate this task in the planning, we ask appropriate questions of their clients.

The most important financial goals in life are:

- Retirement age;

- The size of pension payments;

- The education of children;

- Buy a new house or apartment, etc.

Thus, the formulation of their own financial goals is the first step in constructing the LFP.

Further, in order to assess whether the objectives are feasible, it should, first and foremost, to bring order to their finances. What does it mean to "restore order"? This means - to understand that man has today? What are the assets and liabilities? How efficiently invested money and bring some income assets?

Incidentally, the determination of the amount of the invested amount on a regular basis underlying the calculation LFP. Determine the amount of the investment, a person assumes the corresponding obligations. But that's OK - to commit themselves to invest. On the other hand, an understanding of what you're doing and what the result of this reach, gives a person confidence.

And that all our customers are united in their opinion. LFP should not remain only on paper - need to start real action and start building your financial future. To do this, you must determine what kind of bank, company, mutual fund, hedge fund you invest your money.

By the choice of financial institutions should also be approached very cautiously, because in the financial markets it works a lot of scams that are weak financial knowledge of people.

Real implemented personal financial plan - is your confidence in the future. And it's not just fine words, it is true.

A month ago, I was fishing at a party with his friend on the lakes in the Vitebsk region. Naturally, after a vodka and soup we had a long talk about life and touched on the subject of money. And this man, who seems to be not interested in money at all, realized by the end of the conversation, he also required a personal financial plan with which it can provide for themselves in retirement.

"I do not need a lot of money, - says Oleg. - I love this kind of life - fishing, bonfire, ear. Why do I need these millions, of which all that dreaming? "

"And how much you need to live like this? After all, some money is still needed, "- I asked.

"Of course, we need. But I have enough 300 dollars a month. "

"Do you have a financial reserve, which will allow you to get the $ 300 in retirement? "- I asked.

"No of course. I reported this never thought. I earn good money is enough for the whole family. "

"And after 10 years, you will receive a pension of $ 300? "- I again took out his own issues.

"What are you doing? Who will give me a pension ??? I will receive all - of $ 50-80 per month. Maybe 100. "And then he thought:" You have probably now something put off to retirement was a reserve. And how much you need to put off something? ".

And since you've read this far, you know that there are no excuses. You have the power over your life. And you can always change your articles of faith. You can learn new views. And now let us turn to your dreams.

Why do I need to invest?

At the time of this writing, the dollar 28, 5p. Further, some of the prices are converted into rubles, to show you that this scheme is available to you. At any point in time. If you are interested in answer to this question, it seems that you have accumulated in the "stocking" any amount, or you're going to save her.

Why do you put the money? On retire? On the education of children? In the new home theater? On a country house?

Suppose you take $ 2000 (57 000 p) of your savings and investing them in the bank. If your money will bring 11% per year, in 30 years they will turn into $ 53, 416.19 (1,522,356 r.) And you can buy a small house in the country.

If you are 20 (or slightly more), you have the greatest advantage for the investor - TIME.

If you invest annually $ 1, 000 in the securities market, the yield at 11% per annum you accumulate more than $ 1 million over 46 years, to the time of retirement.

Of course, getting older, you become more secure and can invest more. Setting aside $ 166 a month, you'll come up to the mark of $ 1 million. After 39 years.

Just tell yourself - I want to invest in order to make his fortune. Regular investments relatively painless for your budget, but the reward for this is a truly royal.

Investing in the stock market, you save up enough money for retirement, children's education, or you will be able to pass his fortune to another generation, and become their most beloved grandfather.

MIRACLE CAPITALIZATION

In the table below you can see how an investment of $ 100 (which is 2850r., Or $ 100 per day) per month, or grows at different levels of profitability.

Five percent - this is what you can get by investing in bank certificates of deposit, or simply putting the money on deposit.

10% - a little less historical returns of the securities market, and 15% - this is what you might get, selecting stocks for investment on their own.

Growth of $ 100 (2850 r.) At various annual returns

Years 5% 10% 15% 20%

1 $ 100 $ 100 $ 100 $ 100

5 $ 128 $ 161 $ 201 $ 249

10 $ 163 $ 259 $ 405 $ 619

15 $ 208 $ 418 $ 814 $ 1541

25 $ 339 $ 1083 $ 3292 $ 9540

Why the difference of a few percent becomes so large through the long period of time? You are a witness to the miracle of capitalization. When your investment income is also beginning to earn small amounts of money can grow very quickly.

Extend the time period or increase profitability and increase your results exponentially. For example, if you start investing as a young, 15 years old, notice how quickly growing investment of $ 100 (2850 p.) Through a long period of time.

Age 5% 10% 15% 20%

100 $ 15 $ 100 $ 100 $ 100

$ 128 20 $ 161 $ 201 $ 249

25 $ 163 $ 259 $ 405 $ 619

30 $ 208 $ 418 $ 814 $ 1541

40 $ 339 $ 1083 $ 3292 $ 9540

50 $ 552 $ 2810 $ 13, 318 $ 59, 067

$ 899 $ 60 7298 $ 53 877 $ 365 726

$ 65 1147 $ 11 739 $ 108 366 $ 910 044

Do not you think now that the miracle of capitalization - the single most important reason for you to start investing immediately?

Every day the invested money is working for you, helping you to gain financial security and stability.

Look at those numbers again. You see, that time can make money! Those who waste time - losing money (remember the famous saying?).

I wish you success and financial independence!

How to become rich and successful

How to become a successful and wealthy home consultant? Home consultant could be from almost any profession. It is the home of the experts subsequently grown many successful business sharks. Just read the manual - and try it!

Home Consultant

You are doing things you love, receive for their work a good reward, while looming in front of you do not always dissatisfied superiors, coupled with the unpleasant fellow, you have enough time for family.

It's not an illusion, but it is the reality for domestic consultants. To reap the laurels of a successful home consultant, you must first be a good specialist, professional.

In America and Europe for several centuries, there are family physicians, family advocates and lawyers, family as dressmakers and hairdressers, and so on. D. It is very convenient: you are a child familiar with this man, he knows you and your whole family, up to date your concerns and preferences.

The system of home counseling dominates personal approach. This, of course, is an advantage compared to a situation when you apply for services to a complete stranger.

Customers of family experts the impression that they are the chosen ones, work better with them than with other clients, and this is the principle of trust. Such services do not seem to be the standard for "their" pros can count on in any case it would be "for you."

And much nicer to work with a familiar person who will not forget your name and remember that you have a small child, so it is best not to call at the door and knock.

How to become rich and successful

The case for the pros

Home consultant could be anyone: realtor, doctor, lawyer, accountant, auditor, analyst, broker. Often, they also become experts in the field of beauty: hair stylist (including haircuts specializing in dogs and cats), a master of manicure, massage therapist, stylist, fitness trainer.

Pastry chef, tailor, mechanic, designer, too, have a chance to go to the "individual" work. The list of professions is actually quite large. The basic principle - you have to be a professional in their field, albeit rather narrow.

For example, a specialist in the aquarium (engaged in the maintenance of aquariums and their cleaning and design, advises clients on the development of new breeds of fish, buys food, and so on. D.) A year may gain about a hundred regular customers.

In this case, it will have a fairly stable income - about $ 2,000 a month, and it is not necessary to travel to clients every day. After a year or two of his monthly income could increase to 2300-2500 dollars.

Life example: a young but quirky lawyer resigned from his company when he realized that it is able to provide services to the population is much better and much cheaper than. As a result, for seven months, he was able to acquire fifty-loyal customers who pay him $ 20 a month.

The registration fee includes only the consultation, the number of which is not limited. Basically, a lawyer gives advice over the phone. One day, one of his clients, having got into trouble on the road called "his" lawyer and handed the phone "traffic cop".

After a few minutes of conversation disgraced "the guardian of the road" to release the client's lawyer. For business in court a lawyer, of course, it takes an additional fee, which, however, still less than the accrued in the official office.

It is convenient to both parties: the lawyer gets a month at least $ 1,000 (only for consultation), while the number of customers and more serious royalties is growing, because word of mouth - the best method of advertising for such a specialist.

By the way, according to recruitment agencies, earnings such "free artists" in an average of 20-25 percent higher than that of full-time employees.

Getting practice

So, you decide. Clearly know that you know how to sew or excellent bake pies and cakes, to engage with the children in English, massage and so on. N. If there is a main job, then, of course, to retire early, you first need to gain clientele. It is simple and all known methods.

First of all, this information ozvuchte neighbors and friends: "Hello, Aunt Mary! It seems you have a birthday next week? Many guests are expected? And if you want, I'll bake a cake for you - they are very beautiful I have obtained, let alone the taste and say nothing at all, and inexpensive! ".

Next, you need to paste over the entire area offers: all the inhabitants of the houses located nearby - your potential customers. Well, who wants to go for a manicure or a massage through the city?

Do not forget about the ads to be placed in the newspapers of the "Hand in Hand", "deal", "All for you." If possible, a very good help for you can be a site on the Internet, which will present samples of your creativity or a detailed description of your services.

Finally, think about the mundane business cards - at meetings with the doctors in the clinic, with a shop, a kindergarten teacher not forget to leave them a business card. Experience shows that about 90 percent have received a business card, sooner or later will turn to you.

Over time, when you gain clientele and make sure that your earnings are actually a significantly higher or almost the same as the salary received, and you can leave the workplace for the future bright prospects.

With the current dominance of dilettantes real expert always find a decent job. In Europe, a respectable entire economy is based precisely on such "personal" relationships: from generation to generation by inheritance passed not only the real estate and bank accounts, but also personal doctor, grocers, brokers ...

In our country, to find the right professional, you should spend a lot of effort. We'll have to ring familiar with the request to recommend a painter or a real estate agent to view the newspaper ad read online.

"His" cooks or hairdressers, people usually cherish and nurture, knowing that it is very easy to run into a man capable to destroy your hairstyle or stomach. Therefore, the desire to save yourself time and nerves, as well as the absence of risk to get to the "experts" of dubious qualifications are very attractive to your prospective clients.