Personal Financial Planning – Risk Management

Risk management in financial planning is the systematic approach to the discovery and treatment of risk. The objective is to minimize worry by dealing with the possible losses before they happen. The process involves: Step 1: Identification Step 2: Measurement Step 3: Method Step 4: Administration Risk Identification The process begins by identifying all potential…

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Three Simple Rules of Personal Finance

Basic principles of personal financial planning are quite simple. Success comes only with the establishment of habits. Man creates habits and habits create the future. If you do not create good habits, then the bad will arise unconsciously. Some aspects of personal financ can be quite complex. For example, planning a will or trust organization,…

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What is the Definition of Personal Finance?

The definition of Personal finance is an inclusive term with regard to all the financial characteristics of an individual’s or household’s financial circumstance and monetary decision making. Managing your own finances is not actually just about protection, but those who possess self control, preservation, and accountability, as well as those who test themselves to economize…

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Gurus of Personal Finance

Some personal finance experts are popular all over the world because of their principles, concepts and ideas. They have shared their expertise on money management and saving techniques through their books and lectures. These authors have helped people live financially comfortable life by providing easy to follow techniques. We will have a glimpse of some…

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Five Best Steps in Personal Finance

Everyone want to be ensured of their future especially in the aspect of finance. Money and liquidity is very important to live a decent and normal life today. Personal finance allows anyone to experience a good life in the present and at the same time prepares the future in terms of financial planning. Personal finance…

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Tips for Personal Finance

Monitoring income and expenses is a tedious process that requires patience and foresight. While it may be dull to balance your checkbook and ensure bills are being paid, the security provided from managing your money is priceless. By employing a few simple techniques you can make the process both easy and enjoyable. When I first…

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