Planning Your Financial Future

Millions of people give a lot of thought to financial planning but get frustrated and give up before ever making any progress. Making yourself aware of the most common reasons people fail to make a viable financial plan is the first step in reaching your financial goals. The uncertainty of the stock market, social security, and the declining world wide economy have made appropriate financial planning a must for every individual and family. Here are some tips that can make planning for your financial future a more successful experience:

A positive attitude is the most important factor in reaching your financial goals. If you continually have negative thoughts about your ability to plan for your future, you are most likely going to fail in your efforts. A good attitude and the desire to succeed in developing a proper budget and secure financial future will go a long way in helping you reach your goals. It is important to keep your long-term goals in mind and have a positive attitude about what it will take to reach those goals. In planning for your financial future, there is usually no instant gratification, but rather a long-range plan that will allow you to realize your financial dreams over time.

In planning for your financial future, you should identify your motivating factors. Ridding yourself of debts and attempting to appease family members are generally not motivating enough to keep you on the right path. Planning for your future involves developing a long-term plan that leads you to the desired location. Figure out what you want to achieve and stick with your plan. Financial planning is about securing your future, not gaining immediate financial rewards.

Financial planning is the most important thing you can do to provide security for yourself and your family over the long term. Start planning now by making a sensible, maintainable plan and your reward will be a stable, secure financial future.

Ken Austin is the webmaster at http://www.hazeydee.com and http://creditrelief.kraustin.com

In The News:

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How to get more into spouse's super account  The Australian Financial ReviewIt's worth looking carefully at strategies to contribute and get a tax break, writes John Wasiliev who answers your questions on super.
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Suze Orman: Personal finance guru says you need $5 million to retire  NEWS.com.auA personal finance guru has sparked a backlash by claiming people need at least $5 million to retire and pouring cold water on the “FIRE” movement.
7 most common energy switching myths busted!  ExpressYou could save every year by using a *service* like weflip to do the hard work for you.
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Arizona lawmakers consider making personal finance class mandatory for students  AZFamilyToo often students can leave high school, become adults, and never learn those skills.
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WIN £12500 of prizes for schools with our Personal Finance Teacher of the Year Awards 2019  Moneywise MagazineWe are launching this year's Personal Finance Teacher of the Year Awards – could it be you or your kids' teacher?
How to Achieve Financial Independence Without Retiring Early  U.S. News & World ReportAchieving financial security is a worthwhile goal, even when you're not aiming to leave the workforce.
#10YearChallenge: How to achieve your financial goals in next 10 years  Economic TimesWhether you want to save for retirement or prepay a home loan, you can achieve that within 10 years. It's all about how you make your plan.
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HDFC Bank PPF investment: PPF rate 2019, income tax benefits, eligibility, deposit, withdrawal  Times NowHDFC Bank, India's largest private sector bank by asset size, offers the facility of Public Provident Fund (PPF) account under which an individual could save ...
Should I hold on to investment property?  Independent.ieQuery: I have a two-bed investment property which I rent out for €19200 a year. My tax returns cost €7200 a year, management fees are €2000, property tax is ...
China's middle class doubling to 600 million is a key investment opportunity  The Australian Financial ReviewThe growth in the Chinese middle class is one of the strongest demographic opportunities for investors in a generation. Most, however, have little exposure to ...
The Best Budgeting Apps for Every Personal Finance Goal  GlamourFrom Mint to Trim to Honeyfi, here are the very best budgeting apps for every type of spender and saver.
Future Fund won't manage superannuation: Mathias Cormann  The Australian Financial ReviewFuture Fund chief executive David Neal and Finance Minister Mathias Cormann have ruled out the $147 billion sovereign wealth fund expanding its investment ...
BNP Paribas Personal Finance collaborates with DealTrak for motor finance  VerdictBNP Paribas Personal Finance partnership has signed a deal with F&I platform DealTrak to grow its presence in the UK automotive finance sector.
Here's the 7-step strategy one guy used to become a self-made millionaire and retire at 30  Business InsiderSelf-made millionaire Grant Sabatier retired early at 30 with a nest egg of $1.25 million using a seven-step strategy. It could work for you.
Don't skimp on your HOC – it's really not worth the risk  Independent OnlineNatural disasters over the last few months in SA has shown the necessity of taking it upon yourself to check that your home is insured.
4 Hidden Benefits of Roth IRAs  Morningstar.comJeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm joined today by Christine Benz. She is our director of personal finance. We're going to look at four ...
Insurance do's and don'ts for residential landlords  Independent OnlineProperty investors who are still paying off a bond on a rental property will usually also be paying for home owner's insurance.
Superannuation fee caps, Hostplus clause become law  The Australian Financial ReviewMeasures to tackle account proliferation and high fees in superannuation cleared federal Parliament on Monday, but major changes to insurance hang in the ...
David Fahy: 'Jury still out on European and US stocks as global recession looms'  Independent.ieDuring the best part of the noughties, European stocks outstripped their US peers. However, since the global financial crisis of 2008, there has been a distinct ...
An Easy Way to See If You Have Enough Saved to Retire  Kiplinger's Personal FinanceCash flow planning is a crucial part of your retirement plan, and much of it can be boiled down to one math equation.

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