The 7 Steps Of Do-it-yourself Financial Planning

You are in control

You are already your own financial planner. Regardless of the extent of help you receive from professionals, you ultimately are the decision maker and you are responsible for your own finances. Although the financial world has become increasingly complex, it is becoming easier today to do a lot of your own planning. The variety of resources has expanded such as software for money management and planning; online tools for banking, financial planning and investing, and resources, and books and blogs that are easy to understand. These resources may be good news for you if the cost of professional fee only financial planners is out-of-reach to you. Besides the cost of fees, others may avoid planners because they have heard stories of advisors trying to sell a product that didn’t fit their situation. Cost savings and avoiding product pitches are excellent benefits of being your own planner.

Everyone should take a more active role in their financial affairs. Not only does it help with educated decision making and fraud avoidance it also helps you better communicate with your other professional advisors such as your accountant and attorney. You will also find yourself spotting opportunities when they cross your path.

Becoming a better manager of your family’s finances will also help you ‘dig out’ if you are struggling financially. When you consider the low savings rates and the high household debt, many more people find themselves in this category today.

The following are 7 steps to do-it-yourself financial planning:

Step 1: Commit

The first step to financial planning always begins with commitment. Whether you are having financial difficulty, or have just avoided setting goals and mapping out a plan – commitment is the first step. Commitment provides the discipline and focus needed to help sustain you on the path towards your goals.

Step 2: Set Goals

Without specific goals and a plan to achieve them financial success stays a foggy dream. Therefore the second step is to list the dreams that will motivate you. Write down all of the goals you want to achieve in the short and long term. This will serve as the driver, or the fire in the engine giving you the motivation to move forward. Everyone has dreams, but without constant watering and attention dreams will go dormant. Leave your past mistakes and inaction behind you, light a new fire and chart a course forward. You have an enormous amount of potential and talent, and if you have made mistakes you now have more experience and wisdom. Dare to imagine what you could achieve because your best years are ahead of you.

Step 3: Assemble and Organize Information

Get your stuff together. Planning is easier if you assemble everything in one central location. Make an organized filing system either in a cabinet, accordion file, a box, any way that works for you. Now locate and file all of your tax returns, receipts, insurance policies, contracts, wills, mortgages, deeds, titles, pay stubs, employee benefit statements, banking (loan, savings and checking), bills, investment and retirement plan statements and any other important papers.

Step 4: Manage Cash Flow

Your household is a business. You need to know how much you are earning and spending each month. Balance your checkbook and establish a budget. There are dozens of books and software to help with this, and your bank’s website may provide this as well. This will help you know when and where you are overspending.

Step 5: Self Educate

Establish a sound foundational knowledge base about financial matters. Start with books about budgeting and money savings tips, debt, basic insurance and investing. Be sure to include reading about mutual funds and financial planning. Avoid get-rich-quick, real estate, gold or innovative ‘secrets’ books. Stick to the fundamentals. I find the “For Dummies, ‘For Idiots’ and ‘D-Mystified’ book series to be very helpful for many people. Lastly, stay informed about current financial topics by reading financial magazines, newspapers, the business section of papers, and blogs.

Step 6: Create a Written Plan

A written plan serves as a road map towards your financial destination. It helps you understand where you are presently and the steps that you need to take to move forward. A financial plan is a process. Your life will change, therefore you should revisit your financial plan at least once a year to make any updates or to include items in your checklist for completion. You should revisit your financial plan at least once a year to make any updates or to include items in your checklist for completion. If you write your own financial plan, you will have to obtain financial planning software. Your other options are to pay to have a written financial plan completed by a fee financial planner or by an institution or professional that provides products. Be sure to find out about how the planner is compensated and what your fees will be.

Step 7: Engage Professionals

Most people can’t entirely do all of their financial planning by themselves. Assemble a team of trusted professional advisors that you can rely on to help you implement different aspects of your plan, answer your questions and be on the lookout for you. The professionals that can be the most advantageous are a proactive tax accountant and financial advisor with extensive planning, investment and insurance knowledge, an attorney qualified in estate planning, and a banker that can help with credit ratings and debt management. Before committing to anyone, get referrals for trusted professionals from people whose opinion you respect and don’t be afraid to ask challenging questions.

Gambling Industry Expanding And Players Who Use Gambling Strategies

What does the word Gamble” mean to you?

For the average player the word gambling” means much more than a risky bet. It can stand for just about anything from vacationing, Las Vegas, and even fun. Devised earlier than 3000 years ago, gambling was well documented to have existed in many civilizations. The games we know today are the incarnations of former ones, with adjusted rules. For the length of time gambling was invented, players have always seemed obsessed with trying to use various gambling strategies for games. However, Casinos have always had the mathematical advantage along with an adamant need for stopping the smart player. It has forever become a vicious cycle of exploitive players vs. casinos catching up.

Today, gambling doesn’t even need to be played at Las Vegas or any other casino chains.

Now for those of you who live under rocks or live in a time warp may say, Wait….outside of Casinos?”

Well you see…

1.In-flight Gambling: Eflyte has been developing in-flight gaming and continues to spread its influence on many airlines. Currently they have the world’s first Multiplayer Poker Tournament along with over 60 games for airplanes. Ceo of Ryanair will also attempt use in-flight gaming by next year. Now casino gambling may be common on cruises, but it’s a breakthrough for airlines.

2.Mobile phones can also be used to buy lotteries and sports betting nowadays. If certain restrictions are lifted, it could even mean much more growth in its use.

3.Internet Casinos are also another medium in which gambling doesn’t seem to stop growing; despite being forced to open offshore from the US. This isn’t necessarily bad of course.

The gambling industry is on a growing trend and it doesn’t seem to stop anywhere in sight. Of course, this naturally means that more and more people will be hooked and continue losing to the casinos.

Even the strategic players are screwed over at times with certain technologies being developed. Some casinos even started to implement tracking devices in chips to catch card counters. Those days of Ken Uston and counting machines are getting harder to come by since casinos already know about the gambling strategies used. New mediums such as electronic gambling can stop card counting dead in it’s track.

Winning through strategy can still be done, just as internet marketing can still make some rich. Yet being particular savvy to news and gambling strategy alike can immensely help the professional gambler. That is, unless gambling is only treated as a simple recreation. Otherwise, the best a player can do is to read up on forums and reference news sources for any changes in their gambling strategy.

Gaining Educational Necessities Within Video Games

There are several wonderful features that video games offer the youth of today that are often times completely overlooked by adults, who often feel that these games are simply a waste of time for children that would be better off focusing there spare time on more constructive activities.

Video games offer several unique features that provide young people the chance to increase their learning abilities while stimulating their minds. The younger generation are constantly feeling the demands and requirements that the school place on them. However, they often use video games as a way to release the pressures that these high demands require from them, which makes video games an excellent teaching tool. These technologically advanced video games create an environment where gaming can be fun, exciting, as well as educational while optimizing components in learning.

The main objective of most video games is reaching the highest score or making it through that next level that is often time more challenging than the one before. Often times, video games will give the gamer a variety of options or strategies to choose in which to be able to either move onto the next level or simply win the game in general. Video games, especially action and adventure types games, always leave gamers with an element of surprise, which allows these young gamers the ability to laugh and bring a little excitement into their lives.

If video games were designed differently to where their outcomes would be different each time they were played, then this would drastically reduce video games becoming old and boring. Many of these video games offer children with the ability of memorization where the gamer has to remember where special rewards are hidden during a variety of games. When players have the ability of remember gaming information, then they have a better chance of being able to advance during the game play, but this will also help them during school as well.

There are also games being developed that have more of an ethnic balance by providing more issues within game play where there are options in character gender and have even begun breaking the language barriers. Video games that enable children to learn help teach children in a variety of subjects, which include learning about the solar system, word associations, puzzle solving, and even learning about wildlife. Children are also given the ability to learn about shapes, colors, solids, geometry, and other mathematics such as addition, subtraction, and percentages.

Most video games teach the youth of today in the areas of strategy, time management, and definitely in role-playing. However, every video game offer gamers new opportunities to be able to learn new types of strategies and a variety of problem solving techniques that will be able to be applied in real life. For the most part, gamers are not even aware that they are even learning these skills, which enables them to play while simply enjoying themselves. When video games are designed with teaching children in mind, then these games will require more critical thinking along with skills in math, science, social studies, and language arts. Games often enable children the opportunity to read dialog when reading directions, tips, and even maps.