This is the time of year for planning for 2022.
One perspective that should always be used to plan for the future is the financial view.
A financial view allows you to describe your life path based on financial numbers. Asking yourself financial type questions will help bring clarity to the financial view.
- How much will you bring in each month?
- What will you spend your money on, how do these make me happy?
- What will you save?
- How your saving will grow?
- What will you invest in?
- What is your overall net worth?
These questions are answered for now as well as 5, 10, 25, 50 years in the future.
The outcome of the financial view is your budget and your financial plan.
Having a budget and a financial plan allows you to make effective money decisions today that you won’t regret sometime in the future.