Many financial advisers are really clueless about gold because even their Certified Financial Planner (CFP) textbooks don’t explain gold well. I bought and paid for the entire CFP course and received all the books in advance. The book for the investment class, “Investments: An Introduction” Seventh Edition by Herbert B. Mayo (Custom Edition: College for Financial Planning), had six pages devoted to gold, almost all of which bashed gold as an investment relating it to” jewelry” and “numismatic coins.” The book called buyers of gold, “collectors” and didn’t even mention U.S. Gold Eagle coins or the U.S. Mint.
These are also just a few tips. If you’re looking for more information about financial planning for dummies, check out some more in depth articles elsewhere online. It only takes a search on your favorite engine, or a trip to an article site to turn up lots of helpful advice that can assist you in taking control of your money.
You should definately think about a retirement account. Talk to your employer about 401(k)’s or get information from your bank about retirement plans and accounts. You won’t be able to work forever, unfortunately (or fortunately, if you’ve planned well enough!).
To succeed, you need to have dreams and aspirations. Be honest with yourself as to what you want out of life and what you want to give of your life. Allow your mind to dream and think big.
Most of us wish we had more time to devote to giving back to the community. Unfortunately, it’s not always easy to give up chunks of time to spend delivering food or taking a youngster under your wing. If you do have the time, more power to you. If not, there are other ways to do your part to help those less Myles Rempel fortunate.
You inform the lender if for some unavoidable reason your payment is delayed or about to be defaulted. Be professional always and keep the bank or financial institution in the know.
There are other expenses that may appear insignificant but can greatly affect your financial plans, one being your daily expenditures. It is vital to track your day to day expenses. Some amounts of money appear to be small but when you add them up after a year can contribute to a lot of money. Therefore, monitor every single spending by sticking to your budget.
Plan your expenditure carefully. Sit down and determine how much money you need for day-to-day expenses. Try and minimize expenses and avoid borrowing while a student. Even if you do use a credit card make sure you are able to pay the bill in full when it is due.
However, the last time such a recession hit the economy, your father was a young man. In such a scenario, you need to take up innovative and creative techniques to overcome your debt problem in this recession.
consider loan consolidation, financial advisors