For those who are not aware of what financial planning is all about, it is a process by which a person works out the necessary steps to meet his expected needs and come up with countermeasures for the unforeseen circumstances he might encounter financially. Factors such as inflation and changing lifestyle need to be taken into consideration when coming up with a personal financial plan. When planning for your future financial needs, you need to know the technical jargon and concepts of certain financial instruments and how money works. Without adequate knowledge of any of these, it would be hard pressed for you to come up with an effective financial plan for yourself or your family.
Take debt for example. Are you aware that debt is one the major financial issues that people face today? Are you in debt yourself? Just how do you get out of debt? Most people who are in debt feel like they’re trapped in a vicious and endless cycle, especially those who borrow to pay off their debts. They feel like they have no way out; no way to be free from the shackles of debt that weigh them down financially. Getting out of debt requires careful planning, and adequate knowledge of how to make your money work for you. A book on personal money management can help you to come up with ways of how to manage your debts and eventually become debt-free.
How about retirement? Do you know how much you need at the end of the day for your retirement fund? With increasing inflation and changing lifestyle needs, are you prepared for a costlier cost of living by the time you’re old enough to retire? Do you know what investments to consider when planning for your retirement? Should you bank on day trading or mutual funds? How about insurance? How will that help you financially at the end of the day?
So in summary, a financial planning book can help you understand the concepts that you’re required to know when coming up with an effective financial plan. A comprehensive book can cover anything, from basics like personal money management and budgeting to something even more complex like money market investments and insurance. If you find yourself having more questions about financial planning by the end of this article, then rest assured you do need a financial planning book. So get one today.
Elizabeth
November 12, 2009 at 9:39 am
Your situation is unique. Your school tuition appears to be under control. Your financial furture once you get out of school looks bright.
I reccommend you take the first installment of your settlement and invest it in a varied portfolio of domestic and overseas options. At your age, it would be best to look into low-risk investments that show a decent rate of return, usually CD's. Get the longest term that you can. When it matures, drop the money into another CD. Keep doing that until you get the second installment, then look at stocks and bonds. If you handle your investments wisely, you'll develop a nest egg for yourself that will see you through any storm.
Of course, it always helps to have a good financial planner to guide you through the unfamiliar landscape of investments. Talk to family members (chances are, they can reccommend someone that you can trust) and close friends. They will always be your best resource. the planner does charge for his services, so make sure you discuss that and get "the biggest bang for your buck".
Good luck in school and in the future!
Tyler
November 12, 2009 at 9:50 am
Mari
November 13, 2009 at 12:06 pm
Don't lets his little guilt trip work. His use of 'I' attempt to paint him as the good guy and the 'you' the mother as the evil wicked person. Sounds like a little boy who is chicken shit of responsibility.
Take a look at "I refuse to let this situation end poorly because of a lack of foresight. And I will not make any decision unless I know it's best.". He lacked the foresight in enabling you to get pregnant so why should anyone take his word for it now.
He seems he is more concerned with his own interests then the best interests of the child.
"If we cannot sort out our issues with each other, I don't know how we could raise a child together, and I don't want you to have to explain to her that you didn't want me to be around."
So lets put the child up for adoption instead, Wow! The boy has no foresight at all.
"A child needs more than a loving mother and financial stability.
I know you could be an excellent mother, but no one should have to do it alone. I don't think you are qualified to be a father, and you shouldn't have to be. And your father is hardly a shining example of a man."
F*ck the shoulds. He wants you to live by his rules. Don't let someone elses shoulds dictate how you live your life. By the letter alone I'll say he not qualified to be a man let alone a father.
"You are very intelligent and a good writer, but you will undoubtedly have to sacrifice some of your dreams if you keep the child. I am afraid you are making these sacrifices not for the best interests of the child, but because your parents are pressuring you."
Aren't we the sweet talker. Lets butter you up then knock you down.
"Your parents want you to have this kid right now because they want a grandchild. You want to have a kid, but not now. You know that having this child means you will almost certainly be able to have another.""
In reality he doesn't want the child right now. So he's trying his best to get out of being a father.
"And you have already told me you hate men, so the odds of you finding someone willing to change your mind and raise your child are damn near impossible."
Triple Wow. So he takes you literally when you say you hate men, but cant fathom how much you want this child. Seriously this guy cant get any dumber. This guy needs to stop and think before he puts pen to paper in the future. Here he is trying his best to get you to CHANGE your mind and yet in the same breath he saids its damn near impossible. Hey genius, why are you trying to change her mind then?
"The overwhelming number of single parents who sacrifice social life for their children for an average of 18 years is more than intimidating to me."
Here's some advice for the boy: "Don't have kids ever! If you're not willing to make sacrifices for a child your not fit to be a parent"
"I don't want that for either of us."
Gotten like the boy, he's attempting to speak for the both of you, but in reality its still all about him.
"Unplanned pregnancies have a resounding failure rate."
Since when?
Without looking at any research I can say a resounding number of pregnancies are unplanned.
"There is no way of knowing whether any family can provide all of this, but there is a way of knowing that you and I cannot provide the stable structure this baby deserves right off the bat."
All true. With him in the picture your child won't have a stability. You can provide a stable environment without him.
"She cannot make this choice for herself, so you need to make it for her."
Man ooh man. This boy is really slow. Then why is he trying so hard to coerce you into adoption!
"What do you think a child would prefer: a happily married couple with fully developed careers, a strong desire to have a child and the means to provide for coloring books, braces, summer camp, and college funds; or an unhappily seperated set of parents who still love her very much but do not have established careers and did not plan to have a child at this time."
As I male I find this "male" thinking insulting. Material things mean f'all. You can't buy love or happiness. This guy needs to do the world a favour and get neutered.
//////
I thought it was 2009. Its no longer the 1700's, 1800's or 1900's to late 1980's. He isn't your boss or decision maker.
He has taken the limp dick approach. He can't tell you or force you to do anything. If he wasn't ready to be a father a simple I'm not ready would have sufficed. It appears he has made up his mind and he is convinced that adoption is the answer to his dilemma. You could send him all the material in the world, but I don't think he'd change his mind.
I believe you said it best yourself – "I just feel like he'll never get it cause he isnt carrying her and he isnt here".
Scooter9
November 13, 2009 at 4:17 pm
Is this a class that you have to take this semester or can you take it in the spring? Don't get too panicked, because even though the classes are full now, people DO drop out of them and there WILL be space in the classes, especially if they are large classes. Call a counselor at the school and see what their suggestion is for now, but they will work with you to get you in the class. Whether it be this semester or another, they won't 'kick you out' of the school because of the registration time they gave you.
I don't know how it works at this particular school, but when I was in college my school gave the priority registration times to the seniors, then juniors, etc… because they needed to get in the credits and courses they needed to graduate. As an underclass student, you have plenty of time to rearrange your schedule to fit in what you need to take over the next few years. Talk to someone, they will help you!
nisha
November 13, 2009 at 9:02 pm
two-four-six-eight
November 14, 2009 at 1:22 am
Was a nice short story. It is a great attention grabbing story. But unfortunately, the end was so fast. The beginning was great because it was slow and detailed. But then again, the end was horrible, You could have been more detailed about what Adam did when he was alone with Lily. this story just seems like a "Happy ever after" story. There has to be a fight of some sort in this short story because the reader wants to get interested on that stuff. People are tired about reading "boy meets girl, the fall in love" type of stories. And you can make it fit into a great short story.
BlinkAvA44
November 14, 2009 at 3:48 am
If you have no bills, I would suggest getting a job. Take the $1600 you have and invest it all in gold.
Every month as you save your paychecks, go buy more gold. In a couple of years you'll be glad you did.
The value just keeps rising.
MissMapleLeaf
November 14, 2009 at 5:27 pm
As people in a committed long distance relationship, it is both you and your boyfriend's responsibility to make sure the other does not have a reason to question your faithfulness (given neither of you are over possesive super jealous people.. but neither of you sound that way). He probably should have been there for you a bit more after you were raped and beaten. you probably should tell him about your dreams/how you're feeling. If you've been dating that long it shouldn't be a big deal or out of the question to talk to him about it.
If he is trying to make you feel confident about your relationship, then chill. =] Everything will be fine.
pope
November 15, 2009 at 1:22 am
I don't have the time to read that now. But I have long wanted to start my own religion, its not hard, and you can make a lot of money. I look a lot like Jesus pictures (not that he existed), so it will be very easy for me.