Chris Wise, Certified Financial Planner and Principal at Wise Capital Partners, offers 3 Tips for Financial Planning in 2022:
1) You need to understand your finances. What’s your cashflow? Do you have an emergency fund? Do you have a spending plan? And most of all what are your financial goals?
2) Utilize retirement accounts! Like your company’s 401k or 403b. Make sure to at least do the match otherwise you’re leaving money on the table! If you don’t have a 401(k) or 403b, open an IRA (Traditional or Roth) or a Brokerage Account
3) Realize that you’re not going to know everything. This is why you utilize certified financial planners like us to help guide you. You gotta start somewhere and if cost is the reason you’re not getting a planner, then you need to understand the value planners bring. They can help make you money, save money and most of all you’ll be one step closer to YOUR financial success!
Investment advisory services offered through Mutual Advisors, LLC DBA Wise Capital Partners, a SEC registered investment adviser. Securities offered through Mutual Securities, Inc., member FINRA/SIPC. Mutual Securities, Inc. and Mutual Advisors, LLC are affiliated companies.
@KingwoodDotCom : All good advise, emergency fund, 401k, brokerage accounts, Savings and NO debt is a great goal for all interested in a certain kind of retirement. Basically work and make lots of money, or as much as each individual is able to do. Just do the very best you can. or some choose blow it all and live it up now.
Thanks for sharing financial planning tips for this year. In the end, I don't think it's very different from last year. However, the financial field will always remain unchanged. It would be best always to use that dcf terminal value that I learned about it on www.wallstreetoasis. com/resources/financ ial-modeling/dcf-ter minal-value-for to make a fixed income forecast a few years ahead. But anyway, everything is moderating, and we have to take this fact into account and always be on top. And for that, we need these tips that you have advised us. Thanks a lot! I will take them into account in my job.