Taking care of your personal finances can give you a big headache. Often, very few people do the exercise to assess their financial situation. Here are 3 top reasons to love personal financial planning.
You just need to know where to start and understand where you are in your phase of life
To help you,I consider that there are 3 “economic” phases in your lives:And these 3 steps are the top reasons to love personal financial planning.
1-YOUR EDUCATION
The number one reason to love personal financial planning is the stage of your education.
This phase is fairly straightforward for you to determine.Indeed, you earn very little money during this period and expenses dominate strongly.
It’s true! You have the books and your tuition, your budget for beer, your accommodation, beer, your various fixed and variable costs, not to mention beer
No kidding, it’s still a critical time to build your finances and plan for financial freedom.
2. You have no income and a lot of expenses.
On the other hand, it is a crucial step since it is here that you will prepare to earn income for future years.
See this moment as an advantage. It is an investment that you make in yourself. And as an investor, I can tell you that there is no better way to use your money than to invest in yourself!
3- WORK IS ONE OF THE MAIN REASONS TO LOVE PERSONAL FINANCIAL PLANNING
You ae at the heart of your growth plan to achieve financial freedom and independence.
Your main job will be to accumulate assets through your income, but also with your new financial knowledge that will be acquired over time.
This phase of your life will obviously require you to take care of your own business.