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(eBook) - Financial Planning

(eBook) - Financial Planning

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Published by: livingmividaloca on Feb 23, 2012
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05/28/2012

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EVERYONE’S GUIDE TO FINANCIAL PLANNING
Get any book for free on: www.Abika.com1
 EVERYONE’S GUIDE TOFINANCIAL PLANNING
By Helen P. RogersGet any book for free on:www.Abika.com
 
 
EVERYONE’S GUIDE TO FINANCIAL PLANNING
Get any book for free on: www.Abika.com2
Everyone's Guide To Financial Planning
WINN: When, If Not Now?
Preface
I took liberties with the last line of a famous quotation attributed to Hillel (60 B.C. - A.D. 10)and used it for the title of this book:"When, If Not Now?"The entire quotation reads:
"If I am not for myself then who is for me? If I am only for myself what good am I? If not now, when?"
The second line gave me the motivation necessary to write this book. The third line is meant togive
 you
motivation to do something about your life.Many people feel they cannot afford professional advice when it comes to planning for theirproductive and financial future. In reality they cannot afford to be without this advice!What can advice do for me? How much will it cost (or benefit me in terms of savings)? How do Ichoose an advisor? The answers to these and other questions are found in this book.This is as close as one can get to a "do it yourself" book in a field that does not easily lend itself to the self-help concept. The purpose of this book is to educate you to the fact that you canbenefit from professional advice and to show you that such advice should
save
rather than
cost 
 you in terms of time and dollars.However, it is up to you to choose your advisers wisely and to monitor their counsel. Rare is theperson who has not suffered at one time or another at the hands of an incompetent professionalwhether he be plumber, mechanic, investment adviser or doctor. The incompetence of anattorney dramatically changed ten years of my life -- in response I studied law. I don't suggestyou pursue surgery as a career if you have been the victim of an unnecessary operation, but studyyou must. Gather information and compare opinions before making the decisions that areultimately yours alone to make. To purchase stock solely on the recommendation of your brokeris foolish. Listen, get other opinions and check out the recommended company. This book andothers will tell you the many things you must take into consideration before choosing theinsurance, savings, investment, retirement and estate plant hat is best for you. Remember, advicein the area of financial planning must always be taken as a whole, not piecemeal, and in the lightof your unique circumstances.The purpose of this book is to educate not indoctrinate. The only point of view I wish toadvocate is the need for critical analysis. No one has your interests more at heart than you do! Noone knows your situation, your hopes, desires and needs as well as you. In the long run you andno one else is responsible for the satisfaction or disappointments you get out of life. You can
 
EVERYONE’S GUIDE TO FINANCIAL PLANNING
Get any book for free on: www.Abika.com3respond to events haphazardly as they work on you or you can, through advanced planning,anticipate and control events rather than always being controlled by them.Isn't it time you took charge of your life?
W I N N WHEN, IF NOT NOW?
Section OneSelf Analysis
W I N NWhen, If Not Now?
Planning is one of those things everyone knows he should do but usually puts off until a moreopportune time. Living without a plan is like drifting in a boat. You may, with the properattitude, have a marvelous time and even eventually reach the destination you had in the back of your mind all the time, but that happens only rarely. Shakespeare put it this way: "Fortune bringsin some boats that are not steered." More often the drifter encounters storms for which he is notadequately prepared and may crack up on unseen rocks. Even if he manages to survive he mayfind he has had to put in at a port far different than the one he would have chosen. Even the luckyones who seem to do all right without charts and maps to guide them, could have reached theirdestination and gone on to even more fascinating places with a little planning and discipline.A lot has been said lately about financial planning; a relatively fledgling profession in its ownright. Much of what the new financial planner does was formerly the exclusive province of theinsurance salesman, the investment adviser and estate planning attorney. Unfortunately "estate"is a word which conjures up images in most people's minds either of the holdings of millionaires-- especially groomed gardens and iron gates -- or is associated with death. Financial planningbrings to mind counsel for the person with money; so much that he needs help in deciding whereit should be placed. The average man lets his creditors dictate where his money should go. Somuch to the landlord or mortgage, so much for groceries, clothing, doctors, etc. He has no needfor planning for surplus. He is exactly the person who can benefit most from financial planning!I find it unfortunate that this profession has come to be known as estate and financial planningbecause that title tends to scare away the people who most need such services. Perhaps it shouldbe designated the "Goal implementation" profession; the art of helping a person establish andachieve his goals in life. Whatever your present position and age you can set and accomplishyour goals with proper planning and discipline.The fact that you are reading this book shows you have decided to stop procrastinating, delaying,and have answered Hillel's ancient question, "If not now, when?" with "NOW!"

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