3 best pieces of money advice financial planners have told me - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

'Create a 'cascading effect of cash' to fund your short and long-term goals'

"The main point of financial planning is to use your money as a tool for life," Roberge said during a conversation with Business Insider's

in March. "One of the first things that I do with my clients, all of whom are 30- and 40-somethings, is say, 'You know what: Let's drop the numbers, and let's just brainstorm the board here.'"to be in 5, 10, or 15 years; whether they want to own a house or start a business; how and when they'd like to retire; what kind of legacy they want to leave for their family and grandchildren; and other ways they hope to use their money now and in the future.

After creating a short and long-term goals, Roberge said, ask yourself: If I could do only one of these things, what would it be? "Once you get that list, then it's as simple as going back to your budget and creating a cascading effect of cash. Where does the first dollar go? It should go to the most important goal and continue down the list like that," he said. "If you can achieve everything, great. Most times we can't achieve everything all at once. So we might have to adjust the timeline or the amount that that goal costs.

from Business Insider's Hillary Hoffower. As a result, the generation often gets hung up on inconsequential decisions, like exactly how much to invest or whether they've chosen the perfect investment right out of the gate.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Do you dream of Unicorns or Cockroaches, Zebras and Camels!

UK experts say the low-dose Steroid treatment saves one third of most severe Covid_19 cases...coronavirus Steroid

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to apply general financial advice to your own money situation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. thanks?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why refinance private student loans, according to a financial planner - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Update News about Churchill: Hitler & Churchill I Destruction of Europe WHO:- warn UK should not lift lockdown rules until the test and trace system is ready for new COVID19 cases
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's best investing stories of the week ended June 16 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ......why did you use a photo of some rave... ? Day trading is for suckers These are the suckers that the 'pump and dump' big investors will use to unload their inflated stocks. That's why they are touting the 'V' shaped recovery. It's a repeat of the 2008 mortgage securities pump and dump.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investing advice: Jim Rogers shares 4 asset purchases amid coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Has been. 5 soldiers were killed and 11 were injured during violent clashes at the China-India border...GalwanValley ChinaIndiaFaceoff No wonder his comments... he can send some of those gains to support anrifa
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fauci: Mask advice was because of doctors' shortages from the start - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What? The U.S. has a fabric shortage?!? From the beginning they said face masks were needed for first responders. If face masks were not effective why would first responders have needed them? They were just lying to all of us. Wash your hands! ooh so it lied for the 'greater good'. Is the same happening with climate change to get off foreign oil?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Goldman Marcus UK pauses new accounts - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »