How much money should I save each month? How should I allocate my funds? What types of investments should I consider?
Financial planning is essential for every person who wants to attain financial stability in their life. Whether you are saving for retirement or simply want to build wealth, having a plan in place is key to achieving your goals.
Kyle Fuller and other financial advisors from “Factum Financial”, can confirm that you can start investing early on to ensure you have enough to cover future expenses. Here are some steps you can take to get started investing today! Learn the best way to be financially ready this 2022 from financial experts in Phoenix Area
3 ways to help you become financially stable
The financial experts at Factum Financial are here to help you prepare for the future! You can learn how to be financially ready for life’s inevitable uncertainties.
- Start saving now
The first step to being financially ready is to start stashing money away right now. This means setting aside 10% of your income each month into an emergency savings account. If you are currently paying off debt, then set aside even more than that. If at this moment is not possible, set a goal for your emergency fund, and once you have reached it, check ways to pay off your credit card debt or student loan debt.
- Invest in yourself
Investing in yourself is about more than just buying a new car or upgrading your phone. When you invest in yourself, you’re investing in the skills needed to make money. This includes getting better grades in school, taking courses on how to write a resume, learning how to interview well, etc.
- Invest in real estate
Owning rental property can provide passive income, but if you want to take advantage of those benefits, you have to own the property. In other words, you’ll need to sink some cash down up front. You’ll receive rent checks from the tenants, but if you hold onto the property long enough, you could end up making a profit. Checking your credit score and the best fit for you with trusted real estate agents is crucial.
Financial planning is not only about creating a good credit history
Financial planning is essential for every individual who wants to achieve financial stability in their life, as it provides them with the necessary guidance and tips which help them to make correct decisions regarding their finances. It also enables individuals to take appropriate measures so that they can reduce their chances of falling prey to various types of fraud.
It is therefore very important that people should understand the importance of financial planning and adopt the right strategies so as to ensure that they obtain a sound financial future. Kyle Fuller from Factum Financial provides services to help you achieve your financial goals, such as Financial Advice, Financial Needs Analysis, and Financial Planning.
Get in contact with Kyle today at (480) 531-9330 to be financially ready this upcoming year. Kyle is the top authority on financial planning in Arizona and is ready to help business owners and families get the necessary tools to carve their new financial future today!