Who Needs Financial Planning? I will say that everybody needs it... #BrainFood
Financial planning is the first step towards economic empowerment. Life does not fit into any body's plan. Whether you are starting single or starting a family, financial planning is one of the most significant aspects of your life. In order to secure the future, it is imperative that you protect yourself and/or family. The two ways that you can create that security is through insurance and investment.
In school, you are not truly taught about financial planning. If you look into commerce, the masses of the people are only instructed on spending money, but not saving money. If you do not have the common sense or have been exposed to the information of securing your family's life by acquiring long term insurance, then most likely you will just be living from pay check to pay check.
When you die or tragic event occurs, which are unpredictable, you will have to set up Go Fund Me, Church collections, or family members would have to contribute to cover expenses. So, why would you leave all of these burdens behind for your family to handle? If you can protect your car or a piece of electronic equipment, why not protect your family with insurance?
Most people only consider life insurance when they get married, buy a home, and/or begin a family. However, there are many other means to protect you and your loved through life insurance. In reality, an insurance policy does more than you might think—from shielding your life savings to covering a child’s college tuition, or saving your own retirement plan. There are other things, such as the sustainability of your business, that you can insure besides your life. It's not only insurance that can provide security for the future, also financial investment is one of the best ways to prepare for now and the future.
Whether your goal is to acquire wealth, develop income for retirement, or creating a business, there are so many ways to investing that will fit your needs. Investment is never a one-size-fit all. As a result, you have to seek the help of consultants who can readily help you formulate a portfolio from a variety of options. Even if you are new or an expert, in order to invest in the market and/or create a portfolio of funds, investing, you have to always define your goals and construct which strategies can best help you accomplish them.
In short, insurance and investments can help you grow your assets overtime and/or establish your income for the future. As I have been taking the steps to securing my future through insuring my life as well as investing, I will be providing information that can help others making profitable decisions. Stay tuned because everyone needs financial planning!
Currently, my aim is to help people, especially black people, to understand the significance of financial planning in order to protect their families for the unpredictable future.
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I am fairly new to Steemit and I am looking forward to connecting with various people who are looking forward to explore financial freedom.
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