Why you should keep a record of your finances

0
24KB

First of all, personal financial planning is the most important tool not only for the investor, but also for every person who wants to see a complete picture of his current financial situation and quickly achieve his goals.

 

With the help of personal financial planning, you can avoid difficult financial situations and "holes" in the budget, as well as minimize the stress associated with money issues.

In general, without personal financial planning, it is impossible to achieve an important goal for most people – gaining financial freedom. Financial freedom in its most popular definition is the availability of such capital that will provide passive income for the desired lifestyle.

Personal financial planning consists of several stages, each of which we will analyze in this course:

  1.  
    formulation of financial objectives;
  2.  
    accounting and analysis of current income and expenses;
  3.  
    budget planning;
  4. control over the implementation of the budget and the achievement of financial goals.

Financial freedom is...

The availability of such capital that will provide passive income sufficient for the desired lifestyle!

 

Having studied all the stages of financial planning, you will be able to understand:

  1.  
    In what quantity and on what you spend your money.
  2.  
    For what purposes and to what extent it is necessary to postpone.
  3.  
    How much income is needed to achieve the goals.
  4.  
    How to plan future expenses and protect the budget from unplanned expenses.

Briefly about the main thing

  1.  
    Personal financial planning is a tool that provides a complete vision of current finances and the rapid achievement of goals.
  2.  
    Personal financial planning helps to avoid difficult financial situations and "holes" in the budget, as well as minimize the stress associated with financial issues.
Suche
Kategorien
Mehr lesen
Online
Top 5 popular games of 2023
2023 is looking to be a great year for games. Therefore, we have created a list of the most...
Von FWhoop Xelqua 2023-05-05 15:24:26 0 21KB
Animation
Top Five Kids Cartoons
Kipo and the Age of WonderbeastsThis fantastical anime-style Netflix series follows Kipo Oak, a...
Von FWhoop Xelqua 2023-04-29 19:58:00 0 24KB
Marketing and Advertising
Is Content More Important Than Technical SEO? Understanding the Balance for 2025 Success
Search engine optimization (SEO) has evolved dramatically over the years. Once upon a time,...
Von Dacey Rankins 2025-11-03 14:55:24 0 910
Satire
Satirical News
Satirical (humorous, humorous, parody) news is completely or partially invented information about...
Von FWhoop Xelqua 2023-02-28 19:30:00 0 18KB
Finance
Which Finance Biographies Include Personal Struggles and Failures?
Which Finance Biographies Include Personal Struggles and Failures? Finance biographies often...
Von Leonard Pokrovski 2025-10-08 20:38:18 0 2KB

BigMoney.VIP Powered by Hosting Pokrov