TanshyhtsairIt is a system about money. It encompasses topic from creating value, management on cash flow to investing of money. Money makes the world goes around.
Understanding finance help family and individual to plan for long term and short term needs. There is no one plan that fit all situations, every individual must look at how much is earned, what is the lifestyle and what is the desired outcome for the financial plan.
Keep the plan simple. First work out what are the bills that need to be paid and access the current financial situation, can you spend lesser or earn more? Next identify the protection, saving, investment and retirement needs that are realistic. Lastly, using the balance of the earning, divide them into the 4 buckets and review the progress annually.
Finance is a Science as much as an Art. With an earned income, then can growth take place. The result will depends on the choice of action by individuals.
