Personal finance refers to how you make money, save money, build wealth, and protect your assets. It’s an essential part of life as it impacts how you live today and what your life will look like in the future. If you’d like to take control of your finances to meet various financial goals, rest assured many resources can help. Below are some ideas to help you find financial help.
Personal Finance Books
Countless informative books make learning about personal finance easier and more enjoyable. Here are several books you may want to consider to help you get started learning about personal finance:
- Rich Dad Poor Dad by Robert T. Kiyosak
- The Millionaire Next Door by Thomas Stanley and William Danko
- Your Money or Your Life by Vicki Robin and Joe Dominguez
- The Millionaire Fast Lane by MJ DeMarco
- Think and Grow Rich by Napoleon Hill
Personal Finance Blogs
In addition to books, you may want to follow and read personal finance blogs you find online. While financial professionals or industry experts write some, many come from everyday people who want to share their experiences and knowledge about money. Here’s a list of personal financial blogs to put on your radar:
Trusted Family Members Or Close Friends
Chances are, you know people with a track record of financial success. They make intelligent financial decisions and have set themselves up for a financially secure future. These people may be parents, relatives, colleagues, or friends. Don’t be afraid to ask them what has worked for their finances. Many people are open about their successes and willing to share their experiences to help others.
Find A Financial Professional
A financial professional can work with you to design a solid financial plan that suits your unique needs. However, before you choose one, consider the following:
- Why you’re seeking professional financial services: Maybe you need help with a budget. Or perhaps your priorities are improving your investment’s return, lowering your tax burden, or creating an estate plan. Choose a financial professional with the right expertise for your particular goals and situation.
- Your budget: Think about how much you can afford to pay a professional. Robo advisors, for example, charge a fee that’s a percentage of your account balance. Online financial planning professionals and services usually charge a flat subscription fee or a percentage of the assets they manage. Traditional financial professionals charge a percentage of the assets they manage, an hourly rate, or a retainer.
Consult Your Financial Professional
In conclusion, a financial professional can be an invaluable resource to help you review your financial situation and develop a plan to help you work toward pursuing your unique goals. Contact them today to get started.
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