Why you should keep a record of your finances

0
21K

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.
Pesquisar
Categorias
Leia Mais
Научная фантастика и фэнтези
Лабиринт фавна. Pan's Labyrinth. (2006)
Испания, 1944 год. Группа повстанцев сражается с фашистами в горных лесах северной Наварры....
Por Nikolai Pokryshkin 2023-02-12 00:24:44 0 26K
Desktop Publishing
Desktop Publishing: Empowering Creativity and Communication
Desktop publishing (DTP) has transformed the way we create and share printed and digital...
Por Dacey Rankins 2024-10-16 16:52:21 0 20K
Business
Microservices: What They Are and What Are Their Benefits
Until about 2013, companies typically developed enterprise applications as single modules with a...
Por Dacey Rankins 2024-09-26 18:26:11 0 27K
Gifts
Birthday gifts to get for someone you know!
My next birthday was approaching. Based on the experience of past years, I decided to change the...
Por FWhoop Xelqua 2022-09-24 19:18:28 0 29K
Business
How Do Startup Founders Pay Themselves?
As a startup founder, one of the most common questions you’ll face is how to pay yourself....
Por Dacey Rankins 2025-04-08 14:48:30 0 7K

BigMoney.VIP Powered by Hosting Pokrov