In my previous blog, we reviewed truths 1-3 to dispel the myths about “real” financial planners.. Now we’ll cover myths 4-7.
Myth 4: Financial planners are only for the people with lots of money.
In my previous blog, we reviewed truths 1-3 to dispel the myths about “real” financial planners.. Now we’ll cover myths 4-7.
Myth 4: Financial planners are only for the people with lots of money.
Last time, we looked at lifetime earning power and how the average amount of life insurance protection of $166,800 would cover just over one and half years of income for someone earning $100,000 a year.
Coping with the loss of a loved one is difficult enough in itself. When you compound the death without enough financial resources…whew! That’s tough.
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The downsizing that’s occurring at Keysight has created a great deal of uncertainty for affected employees. One of the immediate responses voiced by terminated employees was, “I’m going to sell all of my [Keysight] stock!”
This was an emotional response from some very rational, analytical people. Anger was the culprit and a natural human response.
I’ve seen too many engineers and other people make financial mistakes and regrettable decisions made from a place of fear, anger, disappointment or disbelief.
When it comes to financial planning most people would agree that they "should" have a financial plan.
So why is it that 70% of US households don't have a financial plan?"
People come up with all kinds of reasons why they haven’t planned for their financial future:
Our Financial Self-evaluation Tool helps you identify your financial blindspots and increase your financial power.