Importance of Financial Planning for Fresh Graduates Starting On Their First Jobs
What Is Financial Planning?
Importance Of Financial Planning In One Breath
Other Benefits Of Financial Planning
The Steps To Financial Planning Simplified
You need to action upon the plan. Once you start implementing your plan, you need to constantly evaluate and review your plan to ensure that you are on track.
Financial Planning Isn’t Just For The Rich
Financial planning does not have to be complicated but neither is it a monthly budget plan. Although a monthly budget is a component of the bigger picture. Start by thinking how you can save, I am sure you have heard the line, ‘it’s not how much you earn but how much you safe that matters.’ Then how you can protect that wealth, think of yourself as a wealth making machine hence, insurance – medical, life and general insurance is important – to protect your capability to continue to build wealth. Start thinking and understanding about building wealth via investments be it real estate, mutual funds or shares.
This article has merely touched very gently on the surface of the importance of financial planning for fresh graduates with a new job. The earlier you understand the basics of financial planning, the better it will serve your interests (no pun intended).
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