What Financial Planning Can Help People Plan For The Future

Larson, Brian talks about what financial planning is and how to help people plan for the future. How many of you want to be able to go to college and be able to pay it off? Long term financial planning is what people do when they are getting older and thinking about graduating. The key word here is ‘Long-Term’ this means that you will need to start planning now rather than later. The sooner you start the better off you will be. This will mean that when you get older you will have enough money to pay off college loans and sustain yourself. This can be a hard thing to do and that is why there are people who can help you plan for the future and save money so that you won’t go broke after four or more years of college. So, the first thing we need to discuss is what long term financial planning means. Long term financial planning is when you decide how much money you have now and how much money you want to have after college or for retirement. Once you know that inform ation, you must create a plan to decide how much money you will need to save in order to accumulate assets. I will be discussing what long term financial planning is and how to get started. I know that many of you already know, when it comes to money, it gets very complicated. There are 401(k)’s and IRA’s and much more. Our problem is that we have no idea what any of these things mean. That is why I am here today. I want to share with you some information on what it means to plan for the future and how to getShow MoreRelatedManagerial Accounting1152 Words   |  5 PagesManagerial Accounting Accounting is a crucial part in running a business. There are various forms of accounting that can be used, it is very important to know which technique is best to use for what companies. Once you figure out a particular technique to use, it is important to keep an open mind if there are any changes that need to take place in the business. 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