To plan for your financial future can be challenging and overwhelming. In the midst of our busy schedules, we often focus on what we need to do right now. However, planning ahead can provide bountiful benefits. You can devise a complete financial plan with the help of a professional, but you can start on your own by incorporating three goals into your lifestyle.
Make a habit of saving. Each time you get a paycheck or get paid by a customer or client, put a portion away. Whether you add it to an emergency fund or put it into educational or retirement accounts, make the commitment to invest in your future. Life can throw curves at us. Be wise and have a contingency fund to take care of unforeseen expenses.
Get out of debt. The average debt from credit cards alone in America is between $1,500 and $6,000. As that debt rises for the individual, the interest on that debt also increases. Begin paying down credit card and other debts on a regular basis. Along with savings, this is a critical step to become more financially secure.
Plan for early retirement. Most of us dream of the day when we no longer have to work. You look forward to a time for retirement when you can do as you please: travel, spend more time with family pursue a hobby full time. To make that happen you will need to have created your retirement fund. If you plan to have that fund ready before you need it, you can walk away earlier. If things change and you have to work longer, you still have a good start at having built the wealth you need.
A Certified Financial Planner (CFP) can help you create a plan to achieve your goals. CFPs have completed work in financial education, passed an examination, shown significant experience and have a commitment to a set of financial planning ethics. You can rely upon those with this certification.
Les Merritt, CFP and CPA, can help you devise your complete customized plan for your financial future. The three paths above will be a good start and Les can then build a complete map to achieve your goals and secure your financial future. Contact Les Merritt at (919) 269-8553 to set an appointment.