Are you able to put puzzles into the big picture?!

If ‘YES’ it is a great potential for you to provide yourself with financial security and even more…

If ‘NOT’ than this is a great place for you to learn and get some help to overcome lack of knowledge and create your own way to manage your personal finance.

Here are 5 essentials steps to create big picture of financial security, which you must know:

1. Specify your current position and your future goals – It suppose not to be difficult.

 We all know where we are standing, now and how far we are of our dreams. We all want something more to enjoy our lives.

 It could be short, medium or long term plans.

Let’s say:

start with the family, buy own house, spend quality  time with the friends and family, or to travel around the world to visit all those beautiful places that we were only reading about or enjoy sunset on the sandy beach on some of  the Polynesians islands…

Different things make us happy, so your only task is to define yours and make a plan how to get there.    

2. Create your personal budget – I wrote about this already, but it is good to repeat just in case. Remember you should spend less than your income is. Even more, you should have at least 10% savings and then 90% distribute to the costs of living that you have to cover every month. Definitely it is necessary to make some prioritise when covering your liabilities. I will touch this in my next writing, so stay tune …. J.

3. Make a plan how to get rid of bad debit – For some of you, this is well known matter, but for those others I have to say; as much as it sounds weird but there are good debts and bad debts. In this case I want to touch only ‘bad debts’ as they are very expensive money that you are paying off and they are not producing any future value. How to get rid of this type of debit, requires precise plan and strong discipline and dedication. Here is again… my offer is on the table to assist you …J

4. Make a realistic saving plan – as I mentioned before, at least 10% of your income supposed to go to the savings account. Than tax refund coming always in lump sum and immediately change picture of your savings account. There are so many unnecessary emotional spending that we are not aware of, so it can be cut off at least for the period of time.   I will write about this more in one of the next blog, so if this topic is interesting for you and can help in any way…. Stay with me …. 

5. Learn how to invest wisely – How to invest wisely- is the million dollar question. Yet, without smart investing, most likely you will never reach success in your financial independence.

Many people are not familiar with investing but they engage professionals to help them. And that is good, as we cannot expect to know everything. 

Engaging professionals and using their knowledge can help you in reaching your goals.

I will go into more details about investing in the one of my next blogs. I trust it will be interesting theme, so we can share some information and opinion.

For you and your success J

Zoe Kulic.