David Russel's Articles in Financial Planning - AddonDashboard|Article Dashboard Directory | Submit Articles

David Russel's Articles in Financial Planning

Show All\|Display Category\|Title\|Newest\|Oldest
Too disorganized to deal with your money? Often, when I'm out giving a speech, I'll ask people in the crowd about the excuses that are holding them back. Trust me, I've heard them all, but one of the most frequent answers is that people are just too disorganized to deal with their money. Top Ten Money Issues for Singles to Build and Protect Your Financial Future. Whether you're single because you've never married, or are suddenly single due to divorce or death of a spouse, money management and financial planning are critical. You have only yourself to depend on for income, goal-setting, decision-making, and retirement planning. Here are the issues that most need your attention: When is it ok to talk about Money? "Don't put your hands over your ears," Ramsey cautions. "Most parents will find that their kids have done some stupid things. The most common is that you have the opportunity to sell your soul and get a free hat for a credit card. Planning is the backbone of a successful budget and helps in so many ways. Break free from debt, doesn’t that sound nice? I have been working with clients for 22 years and the first thing you need to break free from is yourself. That’s right; you are the biggest problem in the way. No one held a gun to your head to make you go department store shopping. And there are no emergencies at the Mall. Not what you wanted to hear? Sorry it is the truth and we can work together on ways to help you control yourself. Planning is the key to success, And it needs to be done first. So how do you get your child out of debt? Well the first and best choice, according to your child, would be to just give them the money to pay off the bills. But is that really the best option? I do not think so. I have been working with people young and old, lender and borrower, and the outcomes are seldom good. Impulse purchases can really add up, translating into what you could have saved. Admit it. You’ve been there, standing in a long check-out line, waiting; your eyes wander. You can’t help it—products line the aisle, everything you need, things you forgot you needed, a snack. Often times, our emotions contribute to unplanned purchases. It’s too easy to fall prey to purchases that are well intended, or that you think you need at the time, only to regret it later.