Personal Finance Guide

Posts Tagged ‘personal finance planning’

Question: Investing / Personal Finance: How realistic is my plan?

I am 17. I will go to college and major in finance, management, or economics. Meanwhile, I save up 15,000 those years (I can) and put it into my Roth IRA. After college, I put a few thousand a year into the IRA. During that time, I get a job somewhere in the market (likely for a firm) and begin working my standard investment account up to a million (inflation adjusted), and then live off the market average of 10% (100,000 before taxes, I plan on outperforming the market though). Then, hopefully before 40, I can retire and do a job for fun (always wanted to teach history). Plans will change if I end up being good at active trading, so I would quit my job early and I always have a back up plan with a degree.

Answer: Sounds great.

I wouldn’t worry about not being able to beat the market. Practically anyone who spends the time to research it can do it.

You plan sounds good though. I heard a study somewhere that some scientist asked a group of college graduates what their future plains were.

Only 5% had plans for the future. After many year those 5% had a higher net worth then the other 95% combined.

Your on the right track Good luck

Money Management & Personal Finance : What Is a Keogh Plan?

Personal Finance Planning is very important if you want to achieve your Financial Goals. Any financial planner or advisor would advice you that if you have not done a Personal Finance Planning and have a written personal financial plan, then it should be your priority. A vague idea is not enough, you need a written financial plan.

What is Personal Finance Planning?

Personal Finance Planning is the process of planning your financial future for yourself. Personal Finance Planning starts with setting your Financial Goals, what you want to achieve in the future financially. The second step of Personal Finance Planning is to find out where you are today such as how much money you have saved up, how much investments you have and what they are.

Once you have your Financial Goals and know where you are today, you can start coming up with a financial plan to get you from where you are today to where you want to be in the future (your Financial Goals).

The Personal Finance Planning will give you a road map of how you can achieve your goals, what you need to invest in, how long you need to invest for, while considering your restrictions such as your Risk Tolerance.

To get to where you want to be, you may need to save money, stay on strict budget, invest in aggressive investments and so on. If you need to make lots of money in a short amount of time to reach your Financial Goals, you may have to take on more risks than you are comfortable with.

By doing Personal Finance Planning, you will think about what you need to do and what you can do or compromise. There are many companies and services that will help you with Personal Finance Planning. Some of the simple financial plans are free whereas others can cost a few thousand dollars.

Question: What are the principles and key issues of planning for a Christian.?

I need write-up or articles on Personal planning which should address such issues as: marriage, finance, time-management, home, church activities, career, house-ownership, business, investment, etc

Answer: The simple answer is that IF JESUS(suppose) visit me and I ask this question what will be HIS answer?

Personal Financial Planning Tips : How to Buy Stocks