How much money do I need to retire is the question everybody wonders about. The right answer is down to lifestyle and how much you need to service that lifestyle. If you need $100,000 per year to live then the amount of money you need to retire is far greater than if you need $50,000 … Continue reading How much Money do I need to Retire?
A comprehensive financial plan will also include record keeping. This is something often neglected but yet more important than most people realize. Essentially, you need a system in place for monitoring and managing your finances that is both comprehensive and easy to understand and most importantly reviewable. What method you use to do this is up to you. You … Continue reading Personal Record Keeping and Financial Planning
There is a simple decision that every investor must make at some point. The decision is whether or not to manage their own investments or let somebody do it for them. Whatever decision you make it is helpful to know some of the basic investment principles that help mitigate your risk and maximize your return. Investing can … Continue reading Managing Money Yourself
You might think that you don’t need a financial planner. Many people are convinced that they can do their own research, come to their own decisions and decide the best way to invest or use their money. That might true for you. But unless you are knowledgeable about both the legal and financial consequences of … Continue reading Choosing a Financial Planner
Investing in the stock market is a very simple thing to some. You buy an investment like you buy a product at a shop. So why is it important to choose a stockbroker that is right for you? A stockbroker is the equivalent of a personal shopping assistant. They know your preferences, your likes, your dislikes, … Continue reading Which Stock Broker Should I Choose?
Before gaining knowledge on how can financial planners help you reach your financial goals, you need to understand what is meant by personal financial planning. In order to achieve your financial goals, you need a plan just as a start-up requires a business plan to raise capital and succeed in business. A personal financial plan … Continue reading How can a Financial Planner Help me?
Here is a secret to building wealth: before you ever accumulate any substantial sum of money you must gain a wealth consciousness. What is “wealth consciousness”? It is a consciousness of abundance that recognizes that you deserve wealth and financial rewards in life just for being you. It is a fundamental law of the universe that … Continue reading Saving Money and Building Wealth: Wealth Consciousness
You have probably heard the old adage, “If you don’t know where you are going, you are likely to end up anywhere”. This applies to finances just as much as it does other aspects of life. A destination is a “goal” and without one there is no way of measuring your performance. Therefore having a goal is … Continue reading Setting Goals in your Financial Plan
Here, we will make an imaginative leap into the realm of ideas. We are going to imagine ourselves not as people but instead as businesses. For those of you familiar with business jargon and characteristics this should be relatively easy. For others it may be more difficult. However, if you take the time to understand the concept you will … Continue reading Saving Money and Accumulating Wealth: You, Incorporated
The Internet is like anything else an investor may choose to use, it’s a tool. There’s really nothing magic about it, it’s just a convenient way to disseminate information, and it can be used well or used poorly. It can be used to publish good information or bad; and it can be used to help … Continue reading Avoiding Online Investment Fraud
An objective of ours is to help you learn how to find financial success. However, there is more to doing that than just crunching numbers and making investments. The main reasons most people do not achieve financial success is because they fail to apply fundamental lessons that apply on a much wider basis than finance alone. This section … Continue reading Saving Money and Accumulating Wealth: Fundamental Principles of Wealth and Resource Management
Everyone needs a wish list in life. A wish list is a list of everything and anything you could possibly want to make your life complete. A wish list is more than just a list of information though; in fact it is the equivalent of a compass point. When you make your wish list it becomes the … Continue reading Introduction to Estate Planning: Wish Lists and the Purpose of Money
© Copyright 2002-2024 Money Instructor. All Rights Reserved.
