Planning Turns Millionaires to Billionaires
- Author Robin Kirk
- Published July 18, 2012
- Word count 433
As a child, you probably looked at money without realizing its actual value. A dollar was just a green sheet of paper that you can trade for toys or candy. $10 didn’t have much of a difference. But years passed and as an adult, you realize that money is more complicated than a green sheet of paper.
What is financial planning?
Financial planning is the process of managing your finances wisely over a long period of time to achieve personal or business goals. Financial planning is not as simple as it sounds and is composed of several steps starting with establishment of goals until the continuous monitoring of implemented plans. Having a financial plan will keep you on track with your finances. There will be fewer risks of you losing money due to poor investments and you would have a higher probability of nurturing your financial status.
When do you need assistance in financial planning?
Some businessmen with economics and accounting backgrounds prefer to plan their own finances as they can navigate their way through financial tangles and blunders, however, those with no expertise can get lost in winding financial roads. Those with complex financial situations and have little financial experience will greatly benefit with financial planning assistance. Asking for help in financial planning if needed is not a sign of weakness, but a sign of common sense.
When it comes to financial planning St. Louis experts recommend hiring an investment advisor. Investment advisors are formerly called brokers, account executives, or stock brokers. They are responsible for buying and selling securities in behalf of their clients. They counsel clients regarding new investment opportunities and investment strategies.
Hiring an investment advisor St. Louis planners can trust needs a keen eye and deep thought. There are questions that an investor needs to ask before hiring an advisor. Is the advisor a certified financial planner? How long has he been in the business? Is his U4 record reputable and clean? Simply taking time to consider these questions may save you from a financial disaster.
If you want to stay involved with your investments with the aid of a financial advisor, an easy and manageable investment is through mutual funds. Investing on mutual funds St. Louis financial advisers say, is like "parking your hard-earned cash at your chosen type of fund in the hopes that it’ll generate some revenue." Who knows? Your first million may soon become your first billion.
Hiring an investment advisor requires meticulous scrutiny and good judgment. Read more on how to hire a financial planner or advisor at getrichslowly.org/blog/2009/04/16/8-questions-to-ask-before-hiring-a-financial-planner/.
For more details, search financial planning St. Louis, investment advisor St. Louis, and mutual funds St. Louis in Google for related information.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- The Road to Sobriety: Understanding Substance Use Disorders
- MotorKote Ultimate 40/60 Synthetic Hyper Mix 5W-30
- Exploring Denver on a Dime: A Frugal Travel Guide
- Top 10 Ways Production Scheduling in Business Central Transforms Manufacturing
- Strength Training and it's Incredible Benefits for Fat Burning
- Enhancing Home Security with Aluminum Shutters: A Focus on Weatherwell Elite
- 5 Easy Ways to Make Oral Hygiene Fun for the Whole Family
- Transforming Plastic Extrusion Machines into Recycling Powerhouses
- Unraveling the Potential of Plastic Extrusion Machines
- The Rise of Plastic Recycling Machines: A Step Towards Sustainability
- Strawberry Cheesecake Ice Cream: OMG! Unreal!
- The Advantages of Using Professional Home Cleaners in Ilford
- 8 Compelling Reasons to Hire Professional Home Cleaners
- The 12 Steps Narcotics Anonymous Program To Recovery
- Send Money to Tanzania: Effortless Transfers with SafariRemit
- Stylish Savings: 10 Frugal Ways to Stay Fashionable in 2024
- Fly Cheap With FlightPapa To Any City
- How Collaborating with a Software Development Company Can Propel Your Business Forward
- A Comprehensive Guide to Choosing the Best Hair Transplant Method
- 15 Frugal Tips for a Memorable Wedding Day
- Credit Union vs. Bank
- Explore the Advantages of Renewable Energy: Wind, Solar, Biomass, Hydropower and Geothermal Energy
- Frugal Nutrition: How to Eat Healthy on a Budget
- Fintechzoom Richard Mille
- Who owns the most Bitcoin?
- Fintechzoom IBM Stock: Powerful!
- Building a Professional Website on a Budget: Using Free Tools like WordPress and AI
- Navigating Vietnam's Tourist Immigration: Challenges and Solutions
- Bitcoin FintechZoom
- Cost-Effective Gardening: Tips for Enhancing Your Garden on a Budget