4 Free Tools To Effortlessly Create The Perfect Financial Plan
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- Опубликовано: 28 июн 2024
- Prioritizing financial goals is one of the hardest things in all of personal finance. Should you pay off all of your debt before investing? Should you save for a home or a child's education? How much should you save for emergencies?
The challenge with these questions is twofold. First, they don't have just one, right answer. There are a range of reasonable answers. And what's reasonable for one person may not be reasonable for another. Second, the "best" answer often depends on knowing the unknowable-the future.
To help tackle this thorny problem, here are 4 free resources and tools to help you create your own sound financial plan.
0:00 DIY Financial Plan
1:13: Dave Ramsey's 7 Baby Steps
3:30: Bogleheads Prioritizing Investments
6:10: Personal Income Spending Plan
7:54: ProjectionLab
ProjectionLab: go.robberger.com/projectionla...
Dave Ramsey's Baby Steps: www.ramseysolutions.com/dave-...
Bogleheads' Investment Priorities: www.bogleheads.org/wiki/Prior...
Reddit's Spending/Saving Flowchart: / commontopics
0% Balance Transfer Cards: www.allcards.com/best-balance...
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
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FOO(financial order of operations) from the Money Guy is good. Similar to boglehead.
I was going to say there is FOO from the money Guy show too since he was talking about Dave Ramsey Steps.
Your videos are comfort food for financial planning.
I got out of debt using the DR baby steps. Luckily my AG Edwards rep encouraged me to contribute at least 1% to my 401k. Looking back on it, I wish I had put more toward retirement.
The Money Guy channel also has their Financial Order of Operations that's very good. Just another input to check out. I love all of this stuff that Rob shows us. Thanks Rob!
One thing to keep in mind when implementing one of the plans described in this video is that it does not always need to be all or nothing for a given step. For example, you may be wanting to pay off high interest debt, but that doesn't mean you should not attempt to save any money for your kid's college fund. Perhaps as you get the debt level down to a reasonable level and can project an end in sight, you can begin making small contributions to the college fund, so it has more time to grow than if you waited until debt was zero and then you started. I agree with prioritizing your steps as described, but I think the boundaries between them can be somewhat blended. That way you get started on the next step as a goal while the prior step is nearing its end. This may encourage you to be diligent about continuing with your plan and keep you excited about pursuing it.
Bob what happned to your Mint video, I was following the comments?
I created my own flow plan influenced by the reddit directive and money guy's FOO. But yeah, in general, any of these are helpful
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After conducting an online search, I came across *STEPHANIE KOPP MEEKS* and thoroughly examined her credentials. It appears that she possesses considerable expertise in the field. Consequently,
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As a single, $1000 in savings while getting out of debt is just not enough, but I understand his logic.
Dave Ramsey commits financial malpractice 😢