I understand that a lot of people r lazy to read. Therefore, in this post, I invite the author of Rich Dad Poor Dad to give a talk on financial education. :)
Thanks.
Sunday, May 29, 2011
Thursday, May 5, 2011
Financial Planning
The term financial planning is getting more and more popular in the world today. More and more people start to realize the importance financial planning. Our life has to always deal with finance. Without finance, can we afford to have a better life?
I just come across an article on financial planning which I find it quite useful. According to the author, there are 3 keys of financial planning for everyone.
Earn more money. As what I say just now, we cannot live without finance or in another word, we cannot live without money. Therefore, we should earn more money in order to have a better life. However, I do not think earning more money is so important. Personally, I think save more money is more important. If we can earn more money and spend more money, what is the point? We are still at the same spot. Yet, if we earn the same amount of money and spend less money, then we are one step ahead.
Insurance. Insurance is important as it will help us when we are in financial trouble. Imagine if we fall sick and need a sum of money, how much money can we afford to take out? Why not we pay small amount every month to let the insurance company to bear the risk for us?
Investment. We cannot just expect ourselves to work for our whole life. We should use external factor to help us to roll the money. Investment is one of the ways to get the money roll for us. Imagine 10% return annually, we can actually save up a lot of effort and time to get that amount of money. Therefore, why shouldn’t we do some investment in order to reduce our effort and time to have a better life?
Feel free to voice your opinion if you have any. Thanks. J
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