Plan throughout life to live well

The financial management has much to do with the life project of each staff: personal and professional opportunities, as well as family and old age.

Therefore, at the same time the future is planned, it should be looking at resources to achieve what we want, which is nothing, at every stage of life, to live peaceful and happy.

So, a plan and an investment budget requires time, also taking advantage of the productive capacity. Note that revenues tend to grow with age until 55, when it reaches the stop and then decline slowly.

In his book “Finance for Dad ... and mom”, R. Bridges lists schedules that must be taken into account: 

- Basic financial planning: part of her plans and daily activities that a person performs to manage your money: cash management, current account, credit card, personal balance, budget, state revenues and expenditures , etc. It is put in black and white their accounts.

- Planning of core assets: are the plans and strategies that a person should take to purchase essential goods, which are essential to ensure the quality of life: home, car, furniture, household appliances, and others to feel home and comfortable life.

- Insurance Planning: expectations are that a person must take to anticipate and protect your family and your assets against potential risks. Consider life insurance, carriage, health, their housing.

- Investment planning: investing the savings efficiently, to achieve the greatest possible lease under a level of risk that can be assumed.

- Retirement Planning: This is a plan for long-term investment, with the goal of accumulating needed to obtain an income to replace earnings when the period of active work is completed capital.

- Succession planning: it goes beyond the simple distribution of the inheritance. Here the administration of our goods and our dependent care, in case of serious illness, senility or mental disabilities are included and of course, the final provisions when death comes.

- Tax planning: search strategies in order to minimize the payment thereof, while respecting the rules of the game