Personal Finance
Financial Goals (Part 1 of 8)
By Living Healthy, Staying Wealthy  •  February 11, 2010
[caption id="attachment_2801" align="alignright" width="150" caption="Photo by priagovindh"]Photo by priagovindh[/caption] Dreams will remain dreams unless action is taken towards achieving them. Having financial goals, provides the direction to plan personal finances towards those goals and to measure the performance of achieving them. Goals should be SMART: Specific, Measurable, Achievable, Realistic and Timely. Areas to set goals: - To protect against financial risk - To protect against living too long - To pay for raising children and their education - To save for a specific purpose - To support retirement - To pass on wealth - To minimize taxes - To be financial independent and achieve financial freedom Each of the financial goals can be grouped into short, medium and long term goals. Each will also need to be assigned a monetary value using the time value computation and the time frame for its accomplishment. Read more...
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By Living Healthy, Staying Wealthy
Aaron Lau is a Independent Financial Adviser licensed by the Monetary Authority of Singapore to provide financial advice to individuals in Singapore. The main reason he is in the Financial Advisory industry is to share what he has learned after studying and comparing the various insurance and investment instruments in the market. He strongly feels that proper, quality financial planning is important to all individuals and sincerely would like to reach out to help as many as possible.
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