The Three Components of Financial Planning

A financial plan has different levels and its purpose is to ensure the security/safety and growth of the person. There are three levels in the financial plans. These are the safe and secure plan, the comfortable plan and the rich plan. The meaning and relevance is evident from the terminologies.

The Safe and secure plan has three components:

the protection component
the savings component
the growth component

The protection component consists of the basic car and home insurance, liability umbrella, disability and health insurance. This also includes life insurance. In case the person has a family, all these should make sure the family is able to do whatever they want to do regardless of whoever dies or gets disabled. The person should focus on strategy and not products. For instance, if a person wants to buy life insurance, he should focus on how he is interacting with the insurance company and things like that, rather than on the product. Almost all the insurance companies offer the same products. So, wasting a lot of time choosing between the different insurance companies is not necessary.

The second component in the safe and secure plan is the growth component. This necessitates putting away three to six months of expenses in a very safe and secure account. This is very important to ensure that the family will continue to live, if a person stops to earn. A lot of families suffer when the person earning the income becomes disabled or dies. Keeping away money that can cover the family expenses for sometime is the solution for these problems. Benefits offered by the hiring company should also be looked up. This can take different forms. Retirement plans should also be considered since we have to consider it as a saving plan. It is a great accumulator of money as there is some discipline in that you can’t spend the money.

The third component of the safe and secure financial plan is the growth component. This is where the real wealth gets built. This might start with putting a little bit of money in stock account or mutual funds depending on the financial capacity of the person. This component is also the transition from the safe and secure plan to the comfortable plan.

Financial Planning and Money Control

Financial planning and money control are two things that if managed properly can make your life, and if not, break your life.

Finance management and understanding the banking and investment aspects is not difficult. If you are able to acquire this knowledge and learn to manage money with discipline, you can build your assets and wealth. This can lead to a very well lived life, full of enjoyment and financial freedom that allows you to live exactly as you’d like to without having to worry about things being too expensive for you to afford.

There are some golden rules one has to obey in order to achieve such an objective and it’s really important that they’re followed devoutly. The first rule is to spend lesser than your earning. Maintain minimalist lifestyle. This is not easy for many.

Look around you, you will always find things interesting and tempting. From a LCV TV to a hybrid car, prompts you to spend money by borrowing and before you know you have entered the debt trap.

Financial management involves first learning to estimate and plan for your income, expenditure and saving. This way you will be able to prioritize and know where the money is going.

A budget gives you an overall view of how much you are spending on necessities and in areas where you do not need to spend. This should help you curtain and avoid unnecessary expenditure.

Even if you want to spend money on dining out at great restaurants around the town, budget it and controls the amount you spend for dinner. Try saving every extra penny. Hold back on that glass of wine at dinner, which may well cut your bill down drastically. Think about whether you need appetizers and dessert, as both of these things can also really add up when you’re dining out at meals. Effective planning will really go a long way.

The Casino Revolution

Ah, the wonders of technology! At one time, the mention of mobile gambling would have been considered impossible and ludicrous. But now, it is a common feature of life, enabling people to gamble at any point in time, just about anywhere.Nowadays, almost everybody has a cell phone. iPhones, Androids, Blackberries are all quite common in this day and age. And as mobile casinos games were the earliest mobile games that became available, the variety of these games is quite astounding. All casino games from poker and keno to bingo and craps can easily be played on your cell phone.Mobile version are usually linked with online casinos and you have to register for your account online. All you need is your credit card and your email to set up your ideal gambling experience. To register, you go to a website and give your personal and payment details. Most of these sites require age verification. Then, once the registration is complete, a download link is sent to your phone and you can install your mobile casino. It is a simple procedure and completely secure. However, do be sure to register with a well-known, reputable casino.They also enable you to contact players from all over the world. This will also help you learn new and foreign gambling techniques and tricks. Additionally, you can gamble at all times of the day or night. So, whenever the muse strikes you can gamble your heart out, or rather, your wallet. They also have better payback options. The payouts and odds are much more favorable than in live casinos, and the house advantage is much lower. Another huge advantage is that you can access them from anywhere, whether you’re at the office or even midair going from one state to the other.Many such games have excellent graphics and have the option of virtual entertainment as well. So, if you live for the entertainment of gambling rather than the winnings, mobile casinos do the trick. Serious gamblers especially benefit from mobile casinos as they can fully concentrate on the game and not be sidetracked by the bevy of free drinks and beautiful women that live casinos seem to be full of. Bluffing and counting cards also becomes a whole lot easier when using a mobile casino as there is no face to face contact with dealers or other players. Therefore, players who tend to lose their nerve in live casinos perform much better.Mobile casinos also provide excellent customer support options and thus, help is available 24/7. These casinos can also help in learning new games and various tips and strategies. New gamblers can especially benefit from mobile casinos.Therefore, mobile version are an excellent and valuable contribution to the gambling industry for everybody involved. These casinos have revolutionized gambling and made it available for everybody, everywhere.