Motley Fool Money How to Start a Financial Plan, with Tom Gardner and Amanda Kish
Jan 15, 2022
Amanda Kish, a financial planning specialist at All Fools Universally, joins Tom Gardner to unravel the complexities of financial planning. They discuss how understanding yourself as an investor is crucial before making any financial moves. Kish outlines essential steps for new parents and emphasizes the need for regular reviews of your financial strategy. The discussion contrasts DIY planning with the benefits of professional advice, offering practical tips to help listeners create a tailored financial blueprint and navigate market volatility.
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Importance of Financial Planning
- Few Americans have a written financial plan, according to a Charles Schwab study.
- This lack of planning can hinder financial success.
Optimizing Investments
- View financial planning as a way to optimize investment returns.
- A plan helps align your portfolio with your goals.
Know Your Goals
- Understand your goals and objectives before creating a plan.
- Consider your values and desired lifestyle.