Hi ,
Good day!
Today is the best day and now is the best time to start your financial planning. In this step by step guide, I will help you to build wealth and achieve your dreams by financial planning.
When you finish reading this mail, you will
- Understand what is financial planning.
- Have a good understanding of investments.
- Know where to start your financial planning.
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What is Financial Planning?
Financial Planning - Whenever we hear this phrase, our minds immediately jump to retirement benefits or pensions or insurance settlements, doesn’t it?
But the world of finance, is so broad and diverse, that it actually offers a variety of services that help us not just in the far future but in our immediate needs and near future expenses.
Take Mutual funds for example, you can buy bonds and stocks and they pay out on dividends and interests. For a common person, choosing what to invest on, or knowing what bond to buy and how much to invest, is a bit confusing, isn’t it?
No Worries. It is an easy to learn and implement process.
How to Start Financial Planning in Canada?
The key to have a financially secure, future and present, is to know what you have in your hands first. Be it your income, assets, liabilities. Your assets include, what you own like your house, your properties like land, art and collectible, cars, savings in bank accounts, the insurance policies in your name and the amount they pay off when they mature. And your liabilities begin with your taxes, the credits, which include credit card balances, loans or in short, every bit of dollar that leaves your hands.....
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