Financial Planning

After sharing information that I have read in my last few posts, I think it would be better for me to share the fundamental of finance so that you can get a clearer idea.Therefore, I would like to share Financial Planning in this post.

Dream, dream, dream. Who do not have dreams? Everyone of us does have our dream. Kids dream of growing faster so that they do not have to study. Teenages dream of following the current fashion. Adults dreams of having a lot of money to buy their dream car and dream house. Parents dream of providing the best education for their children. Senior citizens dream of enjoying their retirement. We only have dreams and we dare to dream but most of us do not achieve our dream at the end.

Why we cannot achieve our dream at the end? Go for holiday, get yourself your dream car, get yourself your dream house are the dreams. However, all these things require money. That is the reason why everyone should do financial planning. Do you know how much do you spend and save daily? When we are still kids, we tend to save our extra money in our piggy banks. We put 20 cents, 80 cents, 50 cents and sometimes no cents inside it. Yes, the amount is very small, but at the end of the day, we can still have a large amount of money. Nowadays, how many of us still practising the saving habit when they are teenages and adults?

The purpose of this post is just to advise you to start your financial planning before it is too late. As I mentioned earlier, everyone has his/her dream. If you do not have any money for your dream, your dream will just stay as your dream. This concept is also highlighted in the movie. For example, the movie 'UP'.

In this movie, we can see how Mr. Fredickson and his wife have a dream. They dreamt of moving their house to Paradise Fall in South Africa. However, they faced financial problem to achieve their dream. Therefore, they worked hard to earn money in order to achieve their dream. However, Mr. Fredickson's wife passed away. Mr. Fredickson still kept the promise and moved the house to Paradise Fall. From here, we see that there is the element of financial planning. If Mr. Fredickson and his wife did their financial planning earlier and manage their finance well, it is certained that both of them can move the house to Paradise Fall together.

Financial planning is essential for everyone of us and it has six elements which I will share in my next few posts. Even Bill Gates and Warren Buffet, the top two richest person in this world are doing financial planning, who are we to say that financial planning is not important?Nobody will help you to achieve your dream if you do not help yourself to achieve your dream. Same goes to financial planning. Nobody will do financial planning for you if you do not do it yourself.