Personal Financial Planning – Why Do You Need To Know?

Personal financial planning?  What am I saying?

Well, look at it this way. We’re all in this together.  From the time we are born to the time we die, we, at some point or another, have to manage our own finances.  Each of us has our fair share of blessings from the One above but many of us don’t know how to manage it well that at the end of our lives that we end up broke, guilty and sad (maybe we call them the Sad Group).  Only a few can truly and honestly say they are financially successful (let me call them the Happy Group).

And why is that so? Why is it that only a portion of us are truly happy with what they have accomplished financially?  Is it something to do with luck?  Or maybe someone got a very huge inheritance or a windfall of wealth from above?  Are we really destined to be broke or rich by the one above?  Well a very tiny percentage of those who are financially stable at their early years are those types of lucky people (let’s call them the Lucky Group).  But the Happy Group is different.  Most of them know some things that The Sad Group doesn’t – i. e. managing their finances.

In managing y0ur money, you need to have a vision and a plan of action to reach that vision.  That plan is laid out, one way or another, through what we are all missing out – the dreaded personal financial planning.  Financial plans are vital in keeping track of where you are right now, and where are you heading.  It can tell you first hand where you need to adjust, what you need to do and which way you need to go.  It’s your early warning device (not an alarm clock) in making sure that your are going to reach your goals as you want it.

If you have the money to spend, of course you can hire a financial consultant to guide you in planning your finances.  A Registered or Certified Financial Planner is more than able to help you get your finances on the right track.  But you must belong to the Lucky Group to do this because these rare professionals are not cheap.  What if you are just starting to being in the Sad or Happy Group? What if you do not have yet the money to spend to fix that same money problems?  Then you need to do this on your own.  It’s not that easy because primarily it requires a back-breaking discipline within you to be able to accomplish your goal.  But it can be learned over time through constant practice and conscious efforts to stick with your financial plan.  And this blog is going to help you with that endeavor.

But for now, you must recognize and realize that financial planning is a must for you if you want to belong to the Happy Campers Group later on in life.  I am sure you will agree that you and I don’t want to belong to the Sad Group at any point in our lives. So it is very important if not critical that we learn how to plan our finances now and in the future not only for ourselves but for our families as well.

This is our mission.  This is what we this blog is all about so watch out for more as we discuss here some of the ways you can jumpstart your career as a personal financial planner to your own self.  Maybe later on you can help others in saving them from financial troubles like what we wanted to do to you.  That is our vision.

So sit back, read on and you will be in for some startling revelations about your finances that you won’t read anywhere else.