Richard Dwayne Blair Makes A Plea To The Public That Financial Planning Does Not Have To Be So Hard
Richard Dwayne Blair would like you and everyone else to understand that financial planning does not have to be anywhere near as hard as some would like to make it out to be. He knows that people in power would like for the rest of us to think that planning our financial future is incredibly complex and difficult, but the opposite can actually be true. Richard Dwayne Blair made it as simple as three steps.
Know What You Want Beforehand
It is kind of necessary to know what you want out of financial planning before you get to the point where you are speaking with a financial planner. You should bring your ideas to them so that they can review them with you and figure out what to do next. The bottom line here is that you definitely need to have ideas to bring to the table in the first place. A financial planner can do a lot for you, but they cannot set your goals.
Select Investments That Match Those Goals
There is a big difference between capital preservation and capital appreciation says Richard Dwayne Blair. He knows that some people more or less just want to keep the money that they have now with just a small amount of growth attached to it. At the same time, he also understands that there are plenty of people out there who wish to grow their money more aggressively. This is why step two is to pick investments that match up with your plan from step one. If you do this, then you will have taken some concrete actions towards making your dream become a reality.
Watch How Your Plan Works
Your final objective in all of this is to watch how your money grows over time. That is to say that you should see how the plan you put into place actually works. It is amazing how well this helps motivate people. It is the final step and one that you must take. Getting into a place where you are able to take this step is huge.