Timely Tuesday: If not now, when? Uncertainties can be devastating.

Uncertainties; life is filled with those, isn’t it? We certainly hope that it will be more exciting and that disappointments will be few and far between. But sometimes we delay in making decisions, especially with insurance-related matters. If not now, when?

The loss of a loved one or special friend can be difficult to handle especially when finances are involved.

The loss of a loved one or special friend can be difficult to handle especially when finances are involved.

Some of those situations that come are the passing of beloved family members and close friends. And when that happens unexpectedly, it causes everyone to think and become much more introspective. Many questions come to mind regarding our own mortality, the costs, the burden on those left behind and the emotional toll all happening at the same time.

 

 

  • When will this happen to me?
  • What will happen to my family?
  • How much will all the expenses cost?
  • We don’t have that much money set aside; what are they going to do?
Your home isn't worth losing! Your family is counting on you to eliminate the uncertainties that could happen if youi're not there.

Your home isn’t worth losing! Your family is counting on you to eliminate the uncertainties that could happen if youi’re not there.

Having good coverage is absolutely essential, especially as it pertains to final expenses, either paying off the mortgage or having a plan in place to make the payments for some period of time, and seeing to it that your loved ones will be well taken care of.

So my question for the Timely Tuesday post is this: if not now, when?

What will it take in your life to step up to the plate, decide what you must do and follow through? Many people think that if they bury their head in the sand, the problem will just go away and everyone is going to be okay.

 

What are your children going to think? Uncertainties now grip their life.

What are your children going to think? Uncertainties now grip their life.

I’m being deliberately bold here and stating that NO, it’s NOT going to be okay. You family is going to be devastated enough at your loss. Now they have the added burden of financial loss and what you chose not to do.

Saying “no” is an answer and a choice. And in the end, someone is going to pay dearly. Do you really want that? There can also come a time when you’ll want to have coverage, but the companies will have to say no because your health is no longer good. It’s called being uninsurable. Quite somply, that’s a dangerous place to be.

Insurance is certainty in an uncertain world. It provides certainty where there is none. Provide financial stability for your loved ones because of one simple idea: your love for them!

Eliminate uncertainties by doing the right thing for them!

Eliminate uncertainties by doing the right thing for them!

So please allow me to accentuate the positive. How about right now? Right now is as good a time as any!

 

If you live in Georgia, North Carolina, South Carolina or Tennessee, you’re invited to reach out to me and provide security for you and your loved ones today.

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Personal Financial Investing: Where To Start?

Personal Financial Investing: It Starts With You

Are you ready to get started in your personal financial investing education?

Are you ready to get started in your personal financial investing education?

Welcome back! Educating yourself in personal financial investing is the best first step you can take. Understanding how money works in your personal financial investing creates a tremendous benefit for you when you learn how to use it to your advantage. This generally starts with creating a budget so that you can see where money goes. When you understand cash flow, knowing what you’re earning and where you’re spending it, the budget will point out those areas where you’re on track and where there’s room for improvement.

 

 

Personal Financial Investing: Creating a Budget

Using some simple tools can help you be well on your way in your personal financial investing education!

Using some simple tools can help you be well on your way in your personal financial investing education!

If you haven’t created a budget before, take a guess when it’s the best time to start. If you said “now”, you’d be correct. Let’s also understand that a budget, in spite the nasty terms that others have said about this “dreaded” word, is simply a guideline to your spending. It’s not an unbending, unyielding system that forces you to obey its every rule. It’s intended to be a good helpful friend intended for you to take control for your better financial future.

Now that we have that critical point out of the way, what do you say about getting started right now in the first step toward better personal financial investing? Great!

Personal Financial Investing: Some Important Steps to Follow

Personal financial investing education has some important steps to follow.

Personal financial investing education has some important steps to follow.

The most crucial part to keeping track of expenses and following them is complete honesty. Everything is included; nothing is left out. May we agree on that? Good!

Point number two is that you’ll also want a receipt for everything. Don’t try to get away with saying that you’ll remember it later? Why? You won’t. If you buy gas for your auto, get a receipt. When you go grocery shopping, get a receipt. When you do out to eat at a restaurant, get a receipt, write down the tip amount you left, and do it right then. Why? You’ll forget it if you don’t!

 

Be sure to get a receipt. It will help you!

Be sure to get a receipt. It will help you!

The point being made here that ties back in to my last post has to do with discipline. Making a point to get a receipt or writing down an amount will help you in achieving both short-term and long- term goals in your personal financial investing future. And you do want those sets of goals to happen don’t you? Of course you do!

 

 

 

Personal Financial Investing: Patience Will Be Your Friend

In your personal financial investing education, time and patience are your friends.

In your personal financial investing education, time and patience are your friends.

Budgeting and dealing with your personal cash flow is not accomplished overnight. In fact, it may take several months to implement what you have put down on paper or in a spreadsheet. There are some people who feel that because they don’t make much money doesn’t require having a budget. Nothing could be further from the truth. Everybody needs to have one and learn how to follow it. The key in your future journey of personal financial investing will be discipline and your tenacity to stay with it. You will find that the knowledge gained will pay off in time and you will be better off for it as well.

Understanding debt, various investment and savings tools when combined with the power of compound interest, how much risk should be taken on, taxes, and making plans for your future purchases are vital if you hope to gain mastery over your budget.

Personal Financial Investing: The End of the Beginning

Personal financial investing and your education are important. Keep a positive mind and outlook.

Personal financial investing and your education are important. Keep a positive mind and outlook.

Can understanding the keys of personal financial investing be complicated? It can, but that’s not an excuse for not starting. In fact, the best time to start is right now with what you already know. Once you get started, then you add to what you already know and continue building upon it. Let’s say that we’re starting the foundation. If it seems like these posts are written in simple language, that’s by design and on purpose. If the building is expected to stand for a long time, establishing and laying the foundation is critical. That’s what you’re doing here.

 

 

Building a good foundation is essential in your personal financial investing education. Don't rush through it!

Building a good foundation is essential in your personal financial investing education. Don’t rush through it!

Now that we’re laying the foundation, stay tuned for more ideas and suggestions that can help you on your journey. The next post will focus on developing a written plan and how that can help you in the achievement of your personal financial investing goals.

 

 

 

 

If you have found this page helpful, please feel free to share your comments below.

And if you live in Georgia, North Carolina, South Carolina or Tennessee, you’re more than welcome to contact me here.

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Personal Finances: Easy Steps You Can Do

Is there an easier way in personal finances?

Personal finances and understanding them can be easier when you know what to do. That's the goal!

Personal finances and understanding them can be easier when you know what to do. That’s the goal!

Understanding personal finances, financial services and everything that is involved can sometimes be hard to understand and navigate. Some people get frustrated in knowing where to go and what to do. Have you been there yourself? Have you ever wondered if there was an easier way? Have you questioned if it is possible to achieve debt freedom and attaining financial freedom? There is but if you’re not there just yet, it requires a certain degree of discipline and know-how along the journey.

But before we go any further, let’s answer a question. What is discipline? Many see this negatively word, but you’re encouraged to see it as a good, positive word instead.

What role does discipline have in personal finances?

Discipline in the right places and ways help you get stronger.

Discipline in the right places and ways help you get stronger.

According to Merriam-Webster, discipline is simply training that corrects, molds, or perfects the mental faculties or moral character. And according to The Free Dictionary, discipline is an activity, exercise, or a regimen that develops or improves a skill; training.

Did you see some words stand out? Molds, perfects, develops and improves are the big ones. Your goal in the pursuit of financial independence, debt freedom and understanding excellent financial choices is to get better and be better. Call it personal improvement if you will. Bingo!

The way to achieving financial independence and debt freedom starts with setting some goals. Let’s start with short-term goals, shall we?

Setting Goals in Your Personal Finances

Short-term goals that are completed give you confidence in setting longer goals.

Short-term goals that are completed give you confidence in setting longer goals.

Short-term goals, such as paying off debt and lower barriers that would impede or completely halt progress toward that goal are very desirable. Additionally, having multiple financial priorities going at the same time (such as accumulating savings for future endeavors like a new home while you’re working to reduce debt) can be achieved with a workable plan. In other words, if you want to run, how do you do that? It’s done by taking smaller initial steps in walking first then picking up the pace. As you become more comfortable with the progress you’re making in the beginning, you’ll become even more so as you go on.

Do You Have a Journal for Recording Thoughts about Personal Finances?

Writing down your thoughts and goals enables you to go back and see what you were thinking and what you were able to complete successfully.

Writing down your thoughts and goals enables you to go back and see what you were thinking and what you were able to complete successfully.

A tool that may prove to be helpful is a journal that’s meant only for your thoughts and ideas. Here you can feel the freedom to bare your soul and let your thoughts run free. What’s important to you? What thoughts do you have about where you are and where you want to be? Emotions are very powerful; write them down so you don’t lose them!

You can always refer back to your journal as a reminder of what has happened in making progress. A journal with a separate section for your financial goals may also prove to be valuable too. In it, write down your short-term and long-term goals with a specific time period of how long you want it to take before making it happen. Nothing is off limits here either.

Whom Do I Seek for Guidance in My Personal Finances?

Taking care of home and family carries major responsibilities. It's important to be more careful than ever before. Journaling your thoughts and goals early is the best activity you can invest in.

Taking care of home and family carries major responsibilities. It’s important to be more careful than ever before. Journaling your thoughts and goals early is the best activity you can invest in.

Seeking appropriate financial guidance often starts with the purchase of a home. That is a big step for many people. Knowing now that you are responsible for making mortgage payments over many years causes the need for guidance to become especially real. Starting a family and having children brings increasing levels of responsibility, doesn’t it? Ask those who know what it’s like and you’ll have a good idea of what involved. However, you will want to start writing down your thoughts before then. By this time, you’re in deep by this time and it might be costly to make a mistake. That’s not a good time to find out that you made a large blunder.

Where do I go? What do I do? Trusted and reliable help is available!

Where do I go? What do I do? Trusted and reliable help is available!

And as long as you’re writing, include your thoughts about who you feel can be a valuable source of help that resonates with you and your feelings. That would also include a financial services professional. Unfortunately, many people don’t know where to start or who they can trust. One study indicates that over half of an age group (those under 35) feel that they no one they can turn to for financial guidance. This is troubling to say the least. But once you’ve gathered some thoughts, start searching and ask questions of those you come across.

 

Ending Thoughts

There's no need to go alone. Help from a trusted and reliable professional is available if you ask for it.

There’s no need to go alone. Help from a trusted and reliable professional is available if you ask for it.

Rest assured that all is not lost. There are ways move forward with the right ideas, tools and guidance in place. How can this be done?

The next post will share some ideas on how to invest in your own personal financial education. You may have seen some of those ideas before, but maybe not others.

Helpful suggestions and ideas are coming soon, so stay tuned!

If you found this page helpful and valuable, please comment and share.

And if you live in Georgia, North Carolina, South Carolina or Tennessee, please contact me here.

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