Only about a third of americans actually have written financial plan, according to Charles Schwab. If you look at it as planning and having a financial plan, what that can really do is optimize your investing plan. So if you're always looking for ways to find that ten bagger to optimize your returns, to squeeze a little bit more out, really having a plan and making sure that your portfolio is in line with what is right for you will get you closer to your goals.
While many wouldn’t go on vacation without a plan, that’s exactly how most people begin their investing journey. Amanda Kish, Financial Planner Specialist, joins Motley Fool co-founder Tom Gardner to discuss how to build a financial plan.
In this episode, they cover: - How to understand yourself as an investor. - The key financial planning steps that new parents should take - How often you need to revisit a financial plan - The times you may want professional financial planning advice, and the parts you can do yourself.
If you're looking to start a financial plan, we can help. Visit www.fool.com/StarterKit for a free copy of our investing "Starter Kit" and we’ll email it to you.
Host: Tom Gardner Guest: Amanda Kish Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd
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