November 4, 2017
The Best Ways For Financial Planning
Well you know personal finance covers a wide variety of money topics including budgeting, expenses, debt, saving, retirement and insurance among others. Understanding how each of these topics works together and affect each other is important for laying the groundwork for a solid financial foundation for you and your family.
“Think different.” That was one of Apple’s first advertising slogans, but it’s also applicable to the way successful people handle their money. Since before the Stone Age, our brains have been wired for short-term thinking and immediate gratification, and those tendencies can be hard to shake. But training your brain to consider the future, decide on your priorities, and check in regularly with your finances can turn things around.
Do this: If you’re going to spend less than you make and consistently put money aside for the future, it’s vital to rank your priorities. So make a list of what you value most — do your best to keep the list short! — and allow yourself extra wiggle room in those areas.
The lesson: “If you’re sick with something you don’t understand, you should ask a doctor,” says Chris Chen, wealth strategist at Massachusetts-based Insights Financial Strategists. The same idea applies to your finances. And if you’re worried about coming off as a financial newbie — “It’s the opposite,” says Barrett. He and other advisors we spoke with said their most savvy and financially literate clients tend to ask the most questions.
These great steps of financial planning are used by the best financial planners, specifically Certified Financial Planners (TM), when creating and implementing financial plans for their clients. However, these steps can and should be followed by every investor or individual.
The lesson: “You can’t have it all” is the pessimist’s way of looking at things. The optimists? “You can have what you value most.” That’s how many successful people look at their money, and it’s a big reason why their wealth has grown — instead of diminished — over time.
Rusty Tweed, the president and owner of Tweed Financial Services, first entered the financial services industry close to 25 years ago. In the time since, Mr. Tweed has demonstrated a deep commitment to the idea that every client deserves access to a comprehensive, detail-oriented approach to financial planning that ultimately leads to a secure financial future aligned with the personal financial goals and objectives expressed by the client. As the president and owner of Tweed Financial Services, Mr. Tweed has repeatedly gone above and beyond in order to live up to the ideals upon which his company was founded almost a quarter of a century ago.
Private Wealth Management1,2 brings your financial life and legacy together, creating a comprehensive plan that’s customized for you. Your Private Wealth Advisor will be your personal guide and single point of contact, working diligently to understand what you want to achieve in life and how you define success. Then, with a team of specialists in investment management, credit and banking solutions, financial planning, trust and estate services, and risk management, your advisor will develop a plan that’s designed to help you:
Pass on assets to your heirs
Manage medical expenses in retirement
Maintain your standard of living into retirement
Protect your wealth and property
Navigate complex employee benefit plans
Support a cause that’s important to you
Use credit to manage cash flow and income