Friday, 30 January 2015

Money Management Tips to Start Off 2015 - Part 2

Creating Your Life Goals

To get you started, I’ve created a simple table for you to organise your thoughts and work out the finances required for each one.

Start with One Baby Step

2015 has just begun. What better time than now to set your goal posts and start working faithfully towards them?

Today, make a decision to choose one (or more) of these life goals - possibly the most important one to you, then start saving toward it every month. An automated internet bank transfer to a designated savings or investment account is one way to ensure that this actually happens. It’s the simplest way to keep yourself accountable.

This first step may not get you all you want in life, but it’s a positive step in the right direction!

A next step could be to become more financially literate, and to create a comprehensive financial roadmap and plan covering all your priorities and needs. This will give you a birds-eye view of your personal finance, goals, determine where you’re at right now, and strategies to move closer toward your goals.

Why Create a Financial Roadmap?

Many of us know that creating a detailed financial plan is important, but somehow don’t get around to doing it. Instead, we go about investing in various instruments and purchasing different kinds of insurance without seeing the big picture, knowing how things fit, or whether there are gaps.

Say you were tasked to piece a jigsaw puzzle together, what is the first thing you would do? Most people like to start with edge pieces and putting those in place first. Why? So that they can see the big picture of the puzzle more clearly.
Over the years, many of us may have purchased insurance policies and investments, which in a way is like collecting pieces of a jigsaw puzzle. Many times, we don’t see the big picture. This is why people turn to money coaches to help them see how all the insurance policies and investments fit into the big picture. By doing this, you not only save money by eliminating overlapping and unnecessary coverage, but also take care of any loopholes.
In Part 3 of this article, we will go into the six key principles to achieving financial independence.
It will be a small group workshop for 12 people only. The purpose is to have a more in depth application of one's personal finance which is more effectively done in a small group than in a big seminar. This is a First come, First Served event. More details below:
Becoming Financially Fit for Beginners 

Hands-on Small Group Coaching Session with Jess Uy
Date/Time: February 21, 2015 OR March 28, 2015 (Saturday) | 9:00AM to 1:30PM
Fees: Early Bird Promo: $50 | Regular Rate: $60 | 1-for-1 (2 slots): $70

Email for enquiries.

1 comment:

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