Your financial plan is something to help you achieve what you want out of life.
Think about what is important to you.
Get a piece of paper and start to write out it down or draw pictures for visualization.
Maybe it is financial independence by a certain age, to ensure you have enough money once you retire, to buy one (two, or three) houses, to be able to fund mini-retirements (to quit your job and travel for 3-6 months and then find a new job) or to save for your children’s future education.
Once you know what you want to aim for, then you can work out the plan to get there.
Your financial plan is something to help you achieve what you want out of life.
Think about what is important to you.
Get a piece of paper and start to write out it down or draw pictures for visualization.
Maybe it is financial independence by a certain age, to ensure you have enough money once you retire, to buy one (two, or three) houses, to be able to fund mini-retirements (to quit your job and travel for 3-6 months and then find a new job) or to save for your children’s future education.
Once you know what you want to aim for, then you can work out the plan to get there.
If you lose money here – consider whether you want to keep playing, or if you want to focus back on your investments.
Set a goal to add to your investment account. Try and set a regular automated deposit on a recurring basis (such as monthly).