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So, Do You Need Financial Planning?
Charles Wee
Well do you need Financial Planning? In this article, I will
show you how you can answer this question.
Immediately after we complete our college education, we
automatically participate in a race call rat race.
Everyone started the race with a cart. In this cart, we have
personal bills, loans and our allowance. As we are single,
everything is good and manageable. We can spend what we earn
without worry.
Then we meet our partners and get married. Thus we begin our
next chapter in life. Our cart becomes heavier and we now worry
about our spouse's bills and loans and kids allowance. Some of
us must support our parents too. We may even need to bring our
family to vocation. As we grow older, our carts get heavier and
heavier. Do you have enough savings to meet these expenses?
As we know, life is never a straight and smooth path. We will
encounter obstacles. Some of these obstacles may set us back in
terms of our financial standing .If we do encounter a big
obstacle (e.g. critical illness, operation, surgery, business
failure) and need a huge sum of money to recover, Do you have
enough money to meet this expense? What if the big obstacle
results in us being permanently bed-ridden or out of work for a
long time, what is going to happen to our cart? Do you have
enough money to support yourself and family if that happens?
Many may say, well we have friends and relatives to turn to for
help. But our friends and family have their own carts to pull
too. If they help push our cart, who is going to push theirs?
We will all retire from work eventually. From then on till we
all rest in peace, we do not have regular income but our life
must still go on. We still need to pay our bills and we still
need to eat. Do you have enough money to support yourself during
retirement?
At old age, our body is no longer working as well as they used
to. Our health conditions deteriorate, as we get older. We will
need to seek medical help frequently. We may even need to employ
a person to take good care of us. Do you have enough money to
spend on these medical expenses?
So do you need Financial Planning? If you answer 'Yes' to all
the above questions, then you are safe and need not worry about
Financial Planning. Otherwise, I suggest you start thinking
about it.
About the author:
Charles Wee runs an Article Directory at www.qualitycontenthaven.com">www.qualitycontenthaven.com">www.qualitycontenthaven.com Authors and website owners are welcome to visit his site for
free quality content and free article submission script.
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