Develop a longterm financial plan from "summary" of The Dumb Things Smart People Do with Their Money by Jill Schlesinger
To ensure that you are on the right financial track for the long haul, it is essential to have a well-thought-out long-term financial plan in place. This plan serves as a roadmap for your financial future, helping you navigate through life's many twists and turns with ease and confidence. A long-term financial plan involves setting specific financial goals that you want to achieve over an extended period of time. These goals can range from saving for retirement to buying a home or funding your children's education. By clearly defining your objectives, you can focus your efforts on what truly matters to you and your loved ones. Once you have identified your financial goals, it is crucial to develop a strategy to reach them. This strategy may involve budgeting, investing, saving, and managing debt, among other things. By outlining the steps you need ...
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