Personal Finance

10 Steps To Reach Financial Wellness

Financial wellness refers to effectively managing your economic life. This concept surrounds many factors such as spending within one’s means, being financially prepared for emergencies, having a concrete plan, and having access to tools necessary to make good money decisions. Financial security is the underlying concept of financial wellness. To help you reach financial wellness, you may start by following these steps. STEP 1: COMMIT TO CHANGE The first step in developing a financial plan is to determine your attitudes

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Personal Finance

Benefits of Having A Financial Planner

Financial planning goes beyond the calculated investments. Building a financial plan helps you visualize the “big picture” and set financial goals (i.e., both long-term and short-term). This is a crucial step in mapping out your financial future. And, a financial planner or financial advisor may just help you with that! BENEFIT #1: ENUMERATING ONE’S FINANCIAL GOALS The first step that financial planners partake in is the identification of the client’s financial goals. For couples, this activity is enough to get

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Investments

Robo-Advisors: The New Wave Of Wealth Managers

Wealth Management Services used to be exclusive to the people who are insanely rich. These people were expected to pay at least 1% of the value of their assets as fees. Many wealth managers charge more than this! This is why these services leave no room for small-time investors. Traditional wealth managers provide tailorized advice on financial matters such as investments, retirement, taxes, and estate planning. You must keep up with your annual fees to reap these benefits. However, a

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