Financial Planning should encompass long term savings for the future, especially when approaching the age of 40 plus, obviously the most secure option is investment in a house, but there are many other revenue base option available to everyone if this solution is not possible, try then to seek out other investment and regular savings policy which could be your next best bet.
Bearing in mind that every kind of investment carries a minimum amount of risk which could be taken as a simple accumulating method that can be achieve with regularity, base upon consistency and of course taking some consideration for individuals who are on low income, finding a plan to suit their needs will in the long term be worthwhile.
So one sure way out from the retirement disaster is to bypass the suppressing anxiety of current despondency and find the avenue that will cautiously engineer a path to debt free realization, by been consciously driven to resolve financial indifference’s and meticulously organize personal finances to enhance the later years.
So depending upon your sex and age, if a person has been working since the age of 21years old and contributing to company pension scheme, by the time they have reached 65 years of age they are still expected to live another 20 years and possible longer, therefore I believe we need sound financial advise on how to prepare ourselves for the twilight years with an education in money management.
The long term solution clearly lies in educating our children and grandchildren with the basic understanding of budgeting, and learning the importance of consistent regular saving to alleviate the consequences of being overly indebted, if individuals start early their savings and investment are unlikely to descend back into the desperate level to which we have plunge today,
But what about the millions who have gone already went without ant financial planning? How can we help them? Quiet simplicity, financial planning could benefit a great deal by helping people with their budgeting and switching their debt to cheaper solution, however, I am not overly convince that people who fall
Into money mismanagement would bother using the financial advice line to get clear of bad debt, even if government made the information absolutely free.
Sadly, if people’s instinct is to go around and bury their head in the sand of ignorance, they will not be helping they until someone with extreme truth force them to face up to the harsh reality of life. Into money mismanagement would bother using the financial advice line to get clear of bad debt, even if government made the information absolutely free.