![]() | |
![]() | |
![]() |
Investing Information |
|
![]() |
Do You Need A Financial Planner?
No matter how much money you make, it pays to keep on top of money coming in and going out. Even if you do a good job of that, there are important times in your life when talking with a professional adviser makes sense. Almost every major life event - finding or losing a job, getting married or divorced, having a baby, buying a home -- is likely to have a major impact on your finances. A new job may mean you are making more money -- no problem there as long as you know the best way to invest it. Getting married may mean you have a second income to count on, but now you have someone counting on yours as well. Buying a house means you have to come up with a hefty sum of cash for a down payment, get used to monthly mortgage payments and meet the expense of house repairs. Let's look at what happens if a baby comes into your financial picture. First, medical bills need to be paid, so having good medical insurance is important. Few insurance plans cover everything, so you'll need to have a cash reserve to cover deductibles and extras, not to mention the furniture, clothing and sundries you'll need when the newborn comes home. With a new addition to the family, you'll want to make sure that the entire family (baby, too) is protected if something should happened to you -- that means reviewing life and disability insurance to be sure it's adequate for your new responsibilities. There's the future to start thinking about, too. Will your child go to college? If so, the College Board estimates that secondary education costs are rising 7% to 8% annually, a rate much higher than the rate of inflation. To afford the average $7,000 total costs for a state university, you need to start saving $195 a month. Wait until your child is 7 years old and the monthly amount jumps to $240! So, it's smart to put away a little sum each month. What can you do to accommodate new strains on your paycheck? How can you meet all of your new responsibilities? With an important financial goal (such as educating a child) you'll want to work with a generalist -- a financial planner. A lot of professionals specialize in areas such as taxes or stocks, but a financial planner helps you understand the "big picture." A qualified financial planner can help you sort through your current financial situation, help you set short- and long-term goals and objectives, then present a "blueprint" designed to show you how you can meet your goals while staying within your means. There's nothing more certain than change. And just as you learn to adapt to the changes life throws your way, you can count on things changing with your finances as well. About The Author Trevor J. Wisniewski, MS Bachelors Degree in Finance, Masters Degree in International Security Markets, Investments and Banking. Teach adult enrichment education for local community. Teach seminars for doctors, business owners and individuals. Clientele is Doctors, professionals, businesses and business owners.
MORE RESOURCES: Anti-ESG investing Financial Times Should You Invest in These 2 Hot IPO Stocks? The Motley Fool Wealth Management And Investing Leaders: These Are The Companies Customers Trust Investor's Business Daily Investors who bought Bay Area real estate plan 'city of yesterday' Business Insider Police investing fatal shooting in Wilmington's Southbridge neighborhood 1150AM/101.7FM WDEL Despite political backlash, socially responsible investing is still ... Wisconsin Examiner 24 Things I Believe About Investing A Wealth of Common Sense Biden-Harris Administration invests $3.9 million for Ocean ... National Oceanic and Atmospheric Administration Should You Buy Arm (ARM) Stock? | Investing | U.S. News U.S News & World Report Money Investing $100/week into SHIB in 2023 would be this worth today Finbold - Finance in Bold Charted: What are Retail Investors Interested in Buying in 2023? Visual Capitalist Should Investors Buy UiPath Stock Right Now? The Motley Fool Amazon to Invest Up to $4 Billion in A.I. Start-Up Anthropic The New York Times Investing Lessons From Authors The Motley Fool Community foundations embrace impact investing ImpactAlpha 3 Mistakes High Net Worth Clients Make When Investing The Motley Fool 3 Ways to Get Over Your Fear of Investing in Stocks The Motley Fool A Quality Executive Compensation Plan Lowers The Risk Of Investing In John B. Sanfilippo & Son, Forbes $100 Oil Is Back! Here's What Smart Investors Should Do Now The Motley Fool PhonePe's New Stock Broking App Makes Investing Accessible to ... Walmart Corporate 3 Dividend Growers Investors Can Buy Now and Hold Forever The Motley Fool President's Investing in America Agenda Provides Resources for ... US Department of the Interior Part 2: Man Group CEO Robyn Grew says ESG investing isn't one ... Pensions & Investments Bearish momentum is building - Citi By Investing.com Investing.com S&P 500: September Slump Deepens as History Suggests ... Investing.com Best Investments to Own During a Recession Morningstar The 2 Stocks Investors Must Watch This Week The Motley Fool Huge News for Disney Stock Investors The Motley Fool Jaspreet Singh: How To Invest Your First $1,000 Yahoo Finance 10 Best Investments for 2023 | Investing | U.S. News U.S News & World Report Money GBP/USD Marks Its Worst Month of 2023 | investing.com Investing.com 'Magnificent Seven' investing playbook: Amazon's opportunities 'the same as its challenges,' analyst says Yahoo Finance Bad News for Tesla Stock Investors The Motley Fool Massive News for Nio Stock Investors The Motley Fool Just Started Investing? Here's 1 Solid Company to Buy With $200 The Motley Fool How Safe Is Investing in Gold? Morningstar Is Now a Good Time to Buy Stocks? Warren Buffett's Sensible ... The Motley Fool |
![]() |
![]() |
![]() |
RELATED ARTICLES
Variable Annuities You know all the articles you read about annuities that have extremely high fees? And the ones that people lose a lot of money in? Well, these are better known as variable annuities. yes, they do have some advantages. HYIPs Investments or Scams? High Yield Investment Programs (HYIPs) appear at first to be the secret to unlimited wealth and fortune, but as you can guess that quickly changes. However, I have found myself still using them in a very limited fashion as a generator for my digital currency exchange. Investors: Avoid These 5 Common Tax Mistakes For many investors, and even some tax professionals, sorting through the complex IRS rules on investment taxes can be a nightmare. Pitfalls abound, and the penalties for even simple mistakes can be severe. Evaluating A Money Manager Scams and frauds are designed to take your money through false promises and phony claims. Money management is supposedly designed to increase your net worth. Begging Your Trust in Africa The syntax is tortured, the grammar mutilated, but the message - sent by snail mail, telex, fax, or e-mail - is coherent: an African bigwig or his heirs wish to transfer funds amassed in years of graft and venality to a safe bank account in the West. They seek the recipient's permission to make use of his or her inconspicuous services for a percentage of the loot - usually many millions of dollars. Copy Cat or How to Use a Successful Trading System How many books have you read about successful traders? How they did this or that and made a fortune and are still doing it. You say to yourself, "I'm going to follow his method and get rich". Out-Of-State Investors Check List of Questions The following lists of questions are suggested questions to ask before you plan to purchase residential real estate outside of your neighborhood.It's probably best to speak with at least three licensed real estate sales professionals and three property managers in the area. Investing Pointers for Neophyte Investors If you know next to nothing, how do you go about the business of investing? The first thing you need to know about investing is, how much do you really know? If its' not much, then you will need to read extensively to educate yourself.To become well-informed, you should read up on the basics. Discipline in Investing and Trading Discipline can be simply defined as your ability to follow your investing and trading plan.Discipline is a rather simple concept. Almost Anyone Can Open A Roth IRA! The Roth is kind of weird until you get used to it in terms of how much you can put in (contribute) each year depending on how much you earn (compensation). Because of this you really have two limits, one dealing with your compensation and the other dealing with your contribution. Seecrets on Investment: Tired of Making Huge Losses in the Stock Market - Part 1 Over 80% of all individual investors lose money in any given span of ten years. This figure is likely to be higher, given most people's reluctance to reveal their losses. To Retire Rich, Save and Invest Early If you want to retire rich, start saving investing early. The most powerful tool when it comes to retiring rich, is compounding your returns on money saved when you are young. Investing: The Art Of Making Your Money Work For You There is a lot to know about investing. It all depends onwhat type of investing you are interested in as well. Four Key Components To Building A Trading System Need some insight on what you should really be striving for when you're building a mechanical trading system? When it comes down to it, there are really only a few criteria that are used in judging the merits of a trading system. The most obvious one is profitability - does the system work? But really, there's more to it than just that. Numismatics are for Collectors, Not Investors As a precious metals investor, you may heard much about numismatic and "semi-numismatic" coins, particularly the St. Gaudens $20 double eagle gold coin. Building The Foundation For Wealth You wouldn't build your home on anything less than a solid foundation. Similarly, you can't build wealth and financial independence without first having sound foundational principles to build upon. Penny Stock Investing The Nature of Penny StocksFor anyone new to investing in penny stocks, you should first be made aware of the differences between these micro-cap stocks and the more conventional blue-chip and mid-cap investments. Unlike buying shares in a large, stable company like Ford or IBM, you are dealing with speculative investments. June 2005: Weather Forecasts for Weather Traders If Johannes Kepler, the renowned 17th century astronomer and discoverer of the planetary laws of motion, could speak from the heavenlies, he might have a few words of wisdom to share with the National Weather Service. Although Kepler's name is not normally associated with meteorology, he was quite the weather forecaster in his day. The Difference Between Investing and Trading Investing and Trading are not the same thing. The returns you seek, the length of time it takes to achieve those returns, the amount of risk one is prepared to take, and the commitment one can make to monitor the investments dictate the strategy of whether to invest or trade. Investor Guide to Financial Health Step 1: Spend less than you earnPerhaps the simplest financial concept is the toughest for us to conquer- spend less than you earn. After paying your living expenses (bills, loan and mortgage payments, cost of food, charitable contributions, taxes, etc), you can begin to save and invest toward your future. ![]() |
home | site map |
© 2006 |