Not only could I not give a satisfactory answer to many of the questions, but also I didn’t even understand some of them. I caught an ominous glimpse of my husband and daughter living on the streets.
However, the biggest problem with such an approach is that you need to be perfect in your financial planning. If you have made a mistake in the past, you will find it very difficult to make repayments on time. Further, there are some events that are beyond your control.
Consider this… All envelopes have two sides – the front and the back. The front is where your return addresses, etc. is printed. But think about all of the financial planning services advertising space that’s going to waste on the back. That’s right, on the back! It’s the perfect space for printing a logo.
People can also discuss their own financial standings without needing to get that professional help. You can sit down and write out a plan listing all your financial needs such as: How much debt you have and what you will need to start spending less on. It will be hard and you may need professional help if you have a spending problem with money. There are a lot of people in this world that do have a shopping problem and A counselor for a shopping addiction could surely help too. Single Mom financial help is granted from many different places. Taking the time think over your finances would be better for later down the road. Don’t wait until it is too late. Keep your 401k in good standing for your benefits.
If you wanted to become a real estate mogul, you better know everything about it. You need negotiation, evaluation and local financial advisor the woodlands skills. One would have to determine if they want to go into commercial or private real estate ventures or a degree of both. You may also need investment money to start.
But what happens when we’re pursuing the elusive American Dream and someone loses their job? All of a sudden the car payments mount. Downsizing occurs, but you can’t downsize on your home in fear you won’t qualify for another.
The first thing I would advice investors is to start young, and have clarity on your goals. This, combined with a 5 to 10 year view on your investments will help. The other aspect is to start saving a certain percentage of your salary/ income every month for your family, which may get bigger in later years. When you are single and don’t have any liabilities, it is easier to do this. Finally, when family and other commitments come into play, it would be an easier task to tide over and manage the pressures of day to day living.