moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: Financial plan
It Is Time To Think About Your 2014 Budget.
Benjamin Franklin understood the purpose of budgeting. Focus on the important, but notice the trivia. “Beware of little expenses; a small leak will sink a great ship.” Budgeting is like packing the car for a long trip. Some things need to go in the… Continue Reading “It Is Time To Think About Your 2014 Budget.”
Share this:
Procrastination Pays Off Now
In the military there is a maxim which says, “In the never-ending battle between warhead and armor, warhead wins.” There is a similar rule in financial planning. “In the never-ending battle between present self and future self, present self frequently wins.” A recent edition… Continue Reading “Procrastination Pays Off Now”
Share this:
But, What Is It For?
What’s it for? If you know the answer to that question, you can frequently save yourself a lot of time and expense. You avoid things that look good, are well presented and are popular, but do not actually matter to you. Think about financial… Continue Reading “But, What Is It For?”
Share this:
Who’s Your Planner?
There is only one answer to that question and we will come to it in a moment. First, let’s look at what financial planning is about. Developing a successful financial plan has three clear parts. Design a strategy. Essentially, of all the things you… Continue Reading “Who’s Your Planner?”
Share this:
What To Do Until The Financial Planner Gets There
What are the basic first steps of financial planning? These are the ones that require no particular knowledge or skill. They are the things that everyone can and should do and few actually do. They are fundamental but not always fun. Let’s see what… Continue Reading “What To Do Until The Financial Planner Gets There”
Share this:
Can You Distinguish Between Mozart and Meat Loaf?
Financial literacy is an interesting subject. I think that is like the curse of “interesting times.” What does it mean? On Monday, Richard Charter of fee based financial planner Newport Private Wealth in Toronto, phoned about one of my blog articles. Financial Planning and… Continue Reading “Can You Distinguish Between Mozart and Meat Loaf?”
Share this:
Financial Planning and Garden Sheds
Financial planning is like building a garden shed. Building it is simple enough that you and a helper can do it, but complicated enough that you will need to be organized. There are three layers to the plan just as there are three layers… Continue Reading “Financial Planning and Garden Sheds”
Share this:
Financial Plans Are Not Facts
Financial plans are in their simplest description a model of the future as related to the money parts of our life. The key is that they are a model. They are not fact. They may not even be close to reality. You and I… Continue Reading “Financial Plans Are Not Facts”
Share this:
Now and Then
Planning is about addressing a client’s hopes, fears and expectations. Recall that they can not spend the same dollar or the same hour twice. Further recall that optimized and perfect are not synonyms. Once we carry those two ideas into the planning sphere it… Continue Reading “Now and Then”
Share this:
Advice From Ecclesiastes
Ecclesiastes 9-11 offers some useful financial planning advice. I have seen something else under the sun: The race is not to the swift or the battle to the strong, nor does food come to the wise or wealth to the brilliant or favor to… Continue Reading “Advice From Ecclesiastes”
moneyFYI 