Financial Planning 101
Christopher Calandra CFP shares his 3 steps to Secure Financial Freedom
We spend more time planning the family vacation than we do our financial future. That's a pretty bold statement. I personally think it is shocking but it is true which is why Christopher Calandra, a certified financial planner, made it during our interview for today's show.
Are we so busy living our lives that we don't step back and have a look at where we are heading? Long term goals may be hard to get your head around but once you stop and see the importance of setting some financial goals then you will be on your way to securing your financial future. Financial planning 101 is not on the curriculum at our schools. So where do we get our financial education from?
If we are lucky we may have been brought up in a household that valued saving money and putting it away for a rainy day. When we get that first payday most of us are dreaming of what we can buy. We can go out and buy that nice dress, pair of shoes or go out to a nightclub and let our hair down. There is nothing wrong with this as long as we also put some money aside.
Unfortunately not all of us are exposed to the idea of saving money and investing it to make it grow. We need to establish the importance of putting money aside on a regular basis, and the sooner we learn this, the better off our long term financial future will be.
We all secretly hope for that impossible inheritance or that wonderful win on the lottery ticket we purchase faithfully. Stop and think for a moment of the terrible stories we hear of people going through that money and ending up with nothing. If we have not developed any habits about saving and investing money all we can think about is how we will spend the windfall. We need to give regular attention to the value of saving money and learning about investing.
It is something we can all do and the more we practise the better we will get at preserving our future. This is the reason I am so excited to talk to Christopher Calandra from Elliot Wealth and learn more about the steps we can take to securing financial freedom. The message is very simple - the earlier we start the better. Even those of us that are getting closer to retirement can still put measures in place by seeking help and guidance before it is too late.
Until next time