What is Financial Planning?

What is Financial Planning?

Many people don’t actually realise what Financial Planning is. They think it’s simply put “Planning how to spend your money” when in actual fact its way more in-depth than that.

If you or somebody you know is having trouble getting ahead. If they seem to constantly not have any money or they aren’t accumulating any savings and are in fact going back, they will need a financial planner.

My name is Shylesh Sriranjan and I am going to release a little tip I learnt a long, long time ago.

The 80/20/20 method. How it works, simply is

80% of your earnings go towards your needs: Rent, Car, Utilities, Food etc
20% of your earnings go towards paying back some of your liabilities: Loan, Credit Card, etc
20% of your earnings go towards an investment.

This little rule is taught almost everywhere but it is extremely valuable.

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