5 Basic rules for personal finance planning
Personal finance planning can be gorgeous or can be boring. May be you are one of those who think that planning is a waste of time. Your personal finance success will be determined for your ability to make a personal finance planning.
Tired of being hours just talking about what are we going to do! You have to many things for do to be wasting time thinking.
And after that time talking someone asks you for write down the session. Write down the session!!! You have too many things waiting, and those things are work.
Wrong! Wrong! Wrong!
Wake up! Open your mind!
My friend I was wearing those shoes before you. I was the most stupid guy you can image. I jumped over the projects without any planning. Planning!!! Me!! I did not need it.
Too many people are broke having good salaries because of a lack of personal finance planning.
I will give you 5 very simple tips for basic personal planning:
Clarify your goals
What you want?
What do you want from your finances?
How much money are you looking for?
When do you want to reach your financial target?
Is just money or we are talking about more things?
How do you know you have reached your goals?
Are your goals realistic?
Are your goals achievable?
With your goals you know where you go.
Decide your outcomes
Knowing your outcomes you will know when you reach your target.
Be outcome driver.
What you want to enjoy at the end of your actions?
Be specific.
How can you measure it?
Are you realistic?
Write down you expected outcome. Set it in a visible place or make something to have it present.
Get the whole picture
Look for all the information you need to take decisions.
Do not stop looking for critical information until you are able to see the whole picture.
In this point you will fight between the tendency to a poor information collection and a tendency to over search and be lost in information collection.
I will give you something that can help you. Do I have your attention?
Before look for information set the questions to be answered.
I will repeat it. This is very important not jus for personal finance planning. It is important in every each for information.
Set the questions you want to answer before you star to look for information.
Use long-term thinking
Fight the sort term thinking. Use long term thinking.
This should not be a choice. Before any action think on a year implications of that action. Think on a five-years implication of your actions.
Think on the implication to your family, couple, kids, etc
Ask for others perspective about your issue.
This simple rule can save you from bankrupt. You probably are not the first on your situation. Learn from your predecessors to anticipate your future.
Divide your path on small steps
Decide give a step forward at a time.
Divide your path in small and achievable steps.
Take just one step at a time.
Once you have your personal finance target and your desired outcome written down you can look backward from that point.
Locate yourself in that wonderful future. Look backward. What should be your situation just one small step behind you? Name that situation as –1. Describe the situation. What you need from that step to reach you final target? Write it down.
Repeat this from –1 and name next situations as –2, -3 and so on. Do this until you reach your present time.
Try! And tell me about your process..
This information is about personal finance planning but could be used for any other subject planning.
Personal finance planning is today a great need. We are confronting to many temptations and society demand a certain level of consume. Look like or you consume or you are not in this society. So some people jump over their credit card and go broke.
Next time before go to shopping make your plan ahead.
To your Grow and Win success.
Tired of being hours just talking about what are we going to do! You have to many things for do to be wasting time thinking.
And after that time talking someone asks you for write down the session. Write down the session!!! You have too many things waiting, and those things are work.
Wrong! Wrong! Wrong!
Wake up! Open your mind!
My friend I was wearing those shoes before you. I was the most stupid guy you can image. I jumped over the projects without any planning. Planning!!! Me!! I did not need it.
Too many people are broke having good salaries because of a lack of personal finance planning.
I will give you 5 very simple tips for basic personal planning:
Clarify your goals
What you want?
What do you want from your finances?
How much money are you looking for?
When do you want to reach your financial target?
Is just money or we are talking about more things?
How do you know you have reached your goals?
Are your goals realistic?
Are your goals achievable?
With your goals you know where you go.
Decide your outcomes
Knowing your outcomes you will know when you reach your target.
Be outcome driver.
What you want to enjoy at the end of your actions?
Be specific.
How can you measure it?
Are you realistic?
Write down you expected outcome. Set it in a visible place or make something to have it present.
Get the whole picture
Look for all the information you need to take decisions.
Do not stop looking for critical information until you are able to see the whole picture.
In this point you will fight between the tendency to a poor information collection and a tendency to over search and be lost in information collection.
I will give you something that can help you. Do I have your attention?
Before look for information set the questions to be answered.
I will repeat it. This is very important not jus for personal finance planning. It is important in every each for information.
Set the questions you want to answer before you star to look for information.
Use long-term thinking
Fight the sort term thinking. Use long term thinking.
This should not be a choice. Before any action think on a year implications of that action. Think on a five-years implication of your actions.
Think on the implication to your family, couple, kids, etc
Ask for others perspective about your issue.
This simple rule can save you from bankrupt. You probably are not the first on your situation. Learn from your predecessors to anticipate your future.
Divide your path on small steps
Decide give a step forward at a time.
Divide your path in small and achievable steps.
Take just one step at a time.
Once you have your personal finance target and your desired outcome written down you can look backward from that point.
Locate yourself in that wonderful future. Look backward. What should be your situation just one small step behind you? Name that situation as –1. Describe the situation. What you need from that step to reach you final target? Write it down.
Repeat this from –1 and name next situations as –2, -3 and so on. Do this until you reach your present time.
Try! And tell me about your process..
This information is about personal finance planning but could be used for any other subject planning.
Personal finance planning is today a great need. We are confronting to many temptations and society demand a certain level of consume. Look like or you consume or you are not in this society. So some people jump over their credit card and go broke.
Next time before go to shopping make your plan ahead.
To your Grow and Win success.
posted by Fernando Manzano at 9:52 PM
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