Financial Planning

EVERYONE has dreams but only those with a sound plan will be able to achieve them.

A good financial plan allows you to set goals and objectives that you can work towards and find out how you intend to achieve them. Essentially, it offers a road map that you can use to navigate through life with greater peace of mind. To start, you will need to define your financial goals. Set realistic and attainable financial goals. Be specific. Write down when you intend to achieve each objective and how much you need.


Dont forget to take into account the effects of inflation on your financial targets. Next, you will need to develop a good financial plan to achieve the goals you have set for yourself. Take a good look at your tax returns as well. With some pre-planning, you may be surprised at how much you can save with tax rebates.

You should also keep an account of the assets you currently own, including your car and house. Don't let your debts, especially credit card bills, spiral out of control. Build your funds by saving regularly and investing according to your risk profile.

You should also review your financial plan periodically to check whether or not you are still on track. At the same time, you may need to adjust your financial plan to accomodate changes in your lifestyle needs and wants.

REMEMBER: "The earlier you start the more you satnd to gain"