David Dreman say that “Psychology is probably the most important factor in the market – and one that is least understood.”
Some people work without plan in work area,education and life it is not a good way to fight with life.All is related to our financial planing and if we work without plan then it really fail.It is just a small article I am not showing that I am the best but it is just my experience with financial plan I am sharing with it.There is not a particular age when you should think about having a financial plan.If you want to fulfill your dream as soon then plan today for future and work with it.Your financial plan must not be related to any company profit or stock market, it must be based on your future target and dreams.Financial plan play an important role for future dream.If your work according to a plan then you are very close to success.
What we have to add in financial planing
- Your marriage
- Your retirement
- Your Insurance
- Children education
- House and cars + other expanse
- Parents health
Now after creating financial plan you must review it time by time.It is important to review it as your life change.
This are some best reason when we must review it.
- Marriage or divorce
- Birth/Death in family
- Health care issues of elderly parents or other family members
- Significant wealth increase or decrease
- Changes in tax laws
- Purchase or sale of major property
Now Determine your short-term personal goals and objectives and try to achieve them as soon as possible.At last I want to say that Look at your entire financial picture today and plan for the future.
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Read treading rules before investing.
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