How I planned for my future
Do you remember my previous article talk about the importance of having a solid foundation on personal finance? it is important to prepare ourselves for unexpected events that might happen along the way.
Knowing your life goals is not different from planning your personal finance. When we say personal finance, it includes your behavioral character not just your money but also your being. Your goals, your character, your finances, your abilities, your vision and your purpose are all connected.
Why is it important to plan for your future? planning is about doing what it takes to get to where you want to go. You set a goal and figure out what you need to do to accomplish it. picturing your goals can motivate you and help you get focused.
planning how to reach your goals will help you set priorities and stay organized. get to know yourself better check out the activities that can help you with that. Discover your interests, abilities, values, skills and traits. Choose a suitable career and find out what steps to achieve it. Find out about career paths, work choices and how to get needed skills.
Today i will share how i started to plan for my future. Again, my way of planning may not be suited for you. it is always better to consult financial planners to determine what fits and best for you.
god blessed me so much that i was able to start a plan at my early age. i started to invest in learning, attending seminars of Randell Tiongson and Marvin germo. i was a college student that time when i started to open an account for stock trading. After i graduated from college, i got a job and a few years later, i started to invest in learning. i enrolled at RFP institute to become a Registered Financial planner.
i started to get an insurance plan called VUL plan knowing that this is what i most needed that time. Few months after, i joined an insurance company. getting affiliated with the insurance company gave me a deeper knowledge about the importance of insurance.
My plan after getting VUL plan is to focus more on investing money into the stock market but it changes a lot when i joined in the insurance company knowing that being a Registered Financial planner will enable me to help other people, ensuring that my family first had a solid foundation.
i decided to invest more on an insurance plan for myself and for my family before anything else. Building a solid foundation is not easy as it takes a lot of sacrifices yet it’s fulfilling and it gives you a peace of mind. After getting them a plan, now it was then time for me to focus on investing on stock market and cryptocurrency. investing on the said platforms were not just easy as you think because it took a lot of learning and knowing what risk it may take. Knowing your risk profile will determine which investment is suited for you.
Now i am into it and enjoying to do so. My next plan to invest is real estate. i want to build a solid passive income first before i own a house and own a car. “Being able to delay pleasure for a greater result is a sign of maturity”, Dave Ramsey, say. Again, my plan be different for you. it depends on your personality, status and goal. Make sure to have a clear goal and purpose in your life so that everything may in place. in your journey, there will always up and downs.
once your vision is clear and already prayed for, it shall come to pass. You can do your plan and work hard for it by practicing self-discipline. it’s not all about how much money you earned, it’s about the discipline how you save, invest and spend wisely. We’re all human living on earth and the difference is how we discipline ourselves.
Dave Ramsey says, that “personal Finance is 80-percent behavior and only 20- percent head knowledge. it’s what you do, not what you know. We buy things we don’t need with money we don’t have to impress people we don’t like.”
Remember that being a good steward is not to impress people how you can afford what they can’t afford. it’s time for you to change your behavioral thinking about personal finance. personal Finance is not for selected few but indeed, it is for everyone.