People spend a lot time planning and fine-tuning physical fitness. This often involves working with a personal coach. You can think about financial fitness the same way.
“Working with a CFP® professional can help you gain the confidence to feel more financially secure as you navigate your life,”The CFP Board is a non profit organization dedicated to supporting professional standards and personal financial planning.
As financial planner Dick Wagner, CFP® emphatically believes that “money skills are 21st-century survival skills.”
These are the steps everyone should follow to improve their financial standing according to CFP Board.
Save smart. Based on your income, age and future plans, make a commitment to save. A CFP® professional can provide competent and ethical financial perspective to help you assess your expenses and set priorities, such as increasing contributions to retirement accounts and reviewing to beginning a 401(k) plan, if you have them.
Earn more. Ask a certified financial advisor for help in increasing your income. This could include pursuing a higher degree, taking on side jobs, investing in stocks, bonds or real estate, as well as seeking professional advancement.
Have fun. For professionals just starting out in their careers, retirement may seem uninspiring. Instead, retirement savings can be viewed as financial freedom for later life. A certified financial advisor can help you save for the future and budget for discretionary funds that will allow you to live your life today.
Attention! Regular exercise is good for your health. Similarly, regular attention to finances will help you build wealth in the future.
Additionally, a certified financial advisor is a great resource for financial changes. These changes can be beneficial, such as purchasing a house, obtaining a better job or an inheritance. Unexpected financial hardship may result from job loss, medical problems, or a struggle to pay off student loans or get out debt. A CFP professional can help you assess your financial situation and provide expert advice to help you reach your long- and short-term goals.
Visit letsmakeaplan.orgFind a certified financial professional in your region to get more financial planning advice and guidance.
