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Episode 2623:
Jim Wang of MakingSenseOfCents.com discusses creating a financial plan without a professional. He emphasizes understanding your current financial situation, mapping future goals, and establishing steps to bridge the gap. Wang suggests breaking down future goals into 5- and 10-year blocks, offering flexibility and realism in planning. His approach underscores the importance of self-awareness in finances and the practicality of personal financial planning.
Read along with the original article(s) here: https://www.makingsenseofcents.com/2016/07/how-to-come-up-with-a-financial-plan-without-visiting-a-professional.html
Quotes to ponder:
"Understanding your current financial situation is crucial for effective planning."
"Mapping out your future states helps set realistic financial goals."
"Flexibility in financial planning is key to adapting to life's changes."
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Optimal Finance Daily - Financial Independence and Money Advice