When Is The Best Time To Buy Furniture Payoff Life Life Stages and Financial Planning

You are searching about When Is The Best Time To Buy Furniture Payoff Life, today we will share with you article about When Is The Best Time To Buy Furniture Payoff Life was compiled and edited by our team from many sources on the internet. Hope this article on the topic When Is The Best Time To Buy Furniture Payoff Life is useful to you.

Life Stages and Financial Planning

As one goes through life’s stages your goals and requirements will change. What is right for you at age 25 is probably not the same as when you are 55. A financial plan will assist you in reaching those goals, and at a minimum will bring peace of mind. As the American baseball player/philosopher Yogi Berra said – “If you don’t know where you are going you will end up somewhere else.”

The stages and goals in a person’s life generally unfold as follows:

Stage 1: Starting your career – this stage is normally characterized by one central fact – namely you are broke. For some this never changes but with a plan and some discipline it does not need to be so.

Goals:

Pay off your student loans

Purchase a car

Buy consumer goods – furniture, ipods, etc.

Build a good credit rating

Stage 2: Career / Family – you may settle down, get married, start a family. Now it’s time to become serious about financial matters particularly if you have a partner or children who are dependent on you.

Goals:

Purchase a home

Proper insurance coverage

Make a will/Power of Attorney

Start saving some money

Stage 3: Middle Age – middle age is defined as when the phone rings on a Saturday night and you hope it’s not for you. This stage normally involves paying down mortgages and starting to think seriously about retirement.

Goals:

Pay off the mortgage

Put some serious money into retirement savings

Educate the kids

Think about purchasing a cottage or vacation property

Stage 4: Pre-retirement Years – this stage is usually one of heavy savings.

Goals:

Grow your retirement savings

Reduce debt (the goal is zero debt upon retirement)

Plan your retirement life style

Stage 5: Retirement – a well-earned retirement; put your feet up and relax

Goals:

Travel

Make necessary changes to your will

Establish an estate plan

Manage your tax bill

Remember that all plans will change over time. Surprises occur, some good and some bad. Your financial plan should be flexible enough to adapt to changes, but simple enough so that you will follow through.

Video about When Is The Best Time To Buy Furniture Payoff Life

You can see more content about When Is The Best Time To Buy Furniture Payoff Life on our youtube channel: Click Here

Question about When Is The Best Time To Buy Furniture Payoff Life

If you have any questions about When Is The Best Time To Buy Furniture Payoff Life, please let us know, all your questions or suggestions will help us improve in the following articles!

The article When Is The Best Time To Buy Furniture Payoff Life was compiled by me and my team from many sources. If you find the article When Is The Best Time To Buy Furniture Payoff Life helpful to you, please support the team Like or Share!

Rate Articles When Is The Best Time To Buy Furniture Payoff Life

Rate: 4-5 stars
Ratings: 2033
Views: 61443689

Search keywords When Is The Best Time To Buy Furniture Payoff Life

When Is The Best Time To Buy Furniture Payoff Life
way When Is The Best Time To Buy Furniture Payoff Life
tutorial When Is The Best Time To Buy Furniture Payoff Life
When Is The Best Time To Buy Furniture Payoff Life free
#Life #Stages #Financial #Planning

Source: https://ezinearticles.com/?Life-Stages-and-Financial-Planning&id=1465254

Related Posts

default-image-feature

When Is The Best Time To Buy Furniture In Uk Considerations For Buying Office Furniture

You are searching about When Is The Best Time To Buy Furniture In Uk, today we will share with you article about When Is The Best Time…

default-image-feature

When Is The Best Time To Buy Furniture In Florida How to Sell Your Orlando Home in a Down Economy

You are searching about When Is The Best Time To Buy Furniture In Florida, today we will share with you article about When Is The Best Time…

default-image-feature

When Is The Best Time To Buy Furniture From Target How To Spot Fake Porcelain Signs

You are searching about When Is The Best Time To Buy Furniture From Target, today we will share with you article about When Is The Best Time…

default-image-feature

When Is The Best Time To Buy Furniture From Ikea Billionaire Attributes – Modesty: Ingvar Kamprad, Ikea’s Founder & Owner

You are searching about When Is The Best Time To Buy Furniture From Ikea, today we will share with you article about When Is The Best Time…

default-image-feature

When Is The Best Time To Buy Furniture At Target 5 Pieces of Fitness Equipment You Never Knew You Had

You are searching about When Is The Best Time To Buy Furniture At Target, today we will share with you article about When Is The Best Time…

default-image-feature

When Is The Best Time To Buy Furniture At Ikea Treating Premature Ejaculation – Premature Ejaculation Treatment That IKEA Can Help You With

You are searching about When Is The Best Time To Buy Furniture At Ikea, today we will share with you article about When Is The Best Time…