Debtors Seek Cheap, Low Cost Affordable Bankruptcy With Rising Bankruptcy & Here's How You Get It



With the trend towards rapidly rising filings in bankruptcy becoming the norm once again in today's dire American economic and unemployment climate, a growing number of consumers are increasingly seeking cheap, low cost affordable bankruptcy, usually meaning without the lawyer. They seek nonlawyer system of bankruptcy filing that provide them affordable, cost-effective bankruptcy, while yielding them the same end result as would using a high cost bankruptcy lawyer - having in hand the bankruptcy court document that shows you're officially declared a BANKRUPT.

THE NEW REFORMED LAW: ITS BASIC MISSIONS & OBJECTIVES

On October 17 2005, amidst highly charged tense drama, high expectations and robust promises, the new "reformed" bankruptcy law enacted by Congress, the 2005 Bankruptcy Abuse and Consumer Protection Act or BAPCPA, went into effect. The overarching argument and premise expressed by the banking and financial industry advocates and supporters of the reform law in urging the law's enactment, had been that the steady upward trend at the time in bankruptcy filings was due primarily to "fraudulent bankruptcy filings" by consumers and the "excessive generosity" of the old bankruptcy system which, it was said, encouraged "abuse" and allowed a great many number of debtors to repudiate debts that they could quite well pay, at least in part.

The stated and yet unmistakable mechanism by which the new 2005 law was to pursue this primary objective of the new law, was essentially to force debtors who could supposedly afford to repay some of their debts, into filing for Chapter 13 bankruptcy, in stead of Chapter 7. That is, filing the type of bankruptcy (Chapter 13) that requires one to repay his debt, or at least some of it. Briefly summed up, primarily by restricting access to eligibility for Chapter 7 - as primarily determined through the so-called "means test" calculation on a debtor's income - the new law was to drastically weed out and curtail the number of debtors filing for bankruptcy.

Alright, today it is now going to 4 years since the BAPCPA law was put into effect, and has it attained its sponsors' stated mission? And if so, to what extent so far?

In point of fact, for the first few years after the implementation of the law in October 2005, the original objective of that law at least in the area of drastically curtailing the number of bankruptcy filings, actually seemed not only to have been attained, but to have in fact been dramatically surpassed. Almost immediately after the law came into effect, there was a blunt, vivid dramatic drop seen in the number of bankruptcies filed in the system in the years immediately following the law - the filings went from 1,597,462 in 2004 (the last normal year of filings before the new law was enacted), to a mere 590,544 in 2006, and only 826,665 in 2007. No bankruptcy filings that were low cost or affordable to debtors, were largely available in this earlier post-2005 law, however, since most filers at the time were largely intimidated by the lawyers' common talk about the supposed "complexity" of the new law, and simply used only the lawyers to do their bankruptcy almost exclusively.

In years prior to the new 2005 law, Chapter 7 bankruptcy filings accounted for roughly 70% of all non-business or consumer bankruptcies (it was precisely 71.5% in 2004, the last year before 2005 when the new law took effect), while Chapter 13 bankruptcies accounted for approximately 30% or less. The post-2005 year bankruptcy filings for the earlier years after the 2005 law, showed, however, a marked increase in the number of bankruptcies filed under Chapter 13, to the extent of some additional 10%,.

The situation described so far was what obtained with respect to the EARLIER period of the time after the new 2005 law came into effect. But now, fast forward to the LATER period, however - to today, in July 2009. And what we find is that the American debtors, once again, are fast returning to the same high rate of bankruptcy filings as the pre-2005 levels. In deed, informed expert projections are now that we'll land right back pretty soon at the same old "square one" heights in bankruptcy filing - back to the old "bad" high pre-2005 bankruptcy filing levels which the 2005 "reform" law just enactment by Congress had been meant to reverse and cure.

According to data from the Automated Access to Court Electronic Records (" AACER"), there were over 120,000 U.S. bankruptcy filings in May 2009 or 6,020 for each of the 20 business days in May, marking the first time that daily bankruptcy filings have topped the 6,000 mark since the 2005 bankruptcy law was adopted. According to one widely respected expert at bankruptcy filing figure crunching, Professor Robert Lawless of the University of Illinois School of Law whose calculations place the average daily filing rate for 2004 (6,339) as the "benchmark" for the pre-2005 filing rate, what America is currently seeing is a filing trend which is already hitting the high pre-2005 mark, and right now the long-term trend is directly towards the same filing rate as before the 2005 bankruptcy law was adopted.

Thus, the returns from the May filings on an annualized basis, keep us on track for a projected filing of 1.45 - 1.50 million bankruptcies this 2009, depending on how closely the current trend adheres to, or deviates from, the bankruptcy filing trend for the remaining part of the year.

THE 2005 LAW HAS FAILED ON TWO FUNDAMENTAL COUNTS: FAILS TO STEM THE GROWTH IN BANKRUPTCY FILING RATE & IN KEEPING BANKRUPTCY AFFORDABLE

Clearly, then, the "reformed" 2005 BAPCPA law has woefully failed in its FIRST avowed fundamental objective of drastically curtailing the upward trend in bankruptcy filings by the American debtors. In addition to that, there is another very important way, in deed even a more profound way, in which that law has woefully failed for the American debtor: it has made the bankruptcy system far more difficult and cumbersome, and far more expensive and even unaffordable for debtors. Among the primary anti-debtor provisions of this new law, this current law:!

== now makes it harder for debtors to discharge certain types of debts

== now forces a greater proportion of debtors to repay their debts

== now imposes special responsibilities and restrictions that are uncommon, even upon bankruptcy lawyers and bankruptcy document preparers (e.g., lawyers are now required to personally vouch for the accuracy of the debt and financial information their clients providing, and to do more unnecessary paperwork) thereby giving the lawyers more excuses for jacking up their fees for bankruptcy even higher

o now imposes tremendous restrictions and undue scrutiny upon the Bankruptcy Petition Preparers
( the name given by the Bankruptcy Code for nonlawyers who help debtors with their
bankruptcy paperwork, as generally far lower costs), the net result of which has been to discourage affordable assistance for bankruptcy filers and thus chase them into the offices of bankruptcy lawyers who charge some 50 times the fee of the BPPS to do basically the same thing for the debtor

o now imposes a new requirement (and additional expense) which requires debtors to undergo credit and budget counseling, and

o subjects bankruptcy filers to a mountain of paperwork, documentation and procedures that could be quite daunting for anyone in order to file for bankruptcy.

EXORBITANT LAWYERS' FEES FOR BANKRUPTCY FILERS AS THE BIGGEST ANTI-DEBTOR CONSEQUENCE OF THE NEW LAW!

But perhaps the biggest anti-debtor consequence brought about by the new law - the consequence which, by most expert opinion, is precisely what had been intended by the banking and credit industries which were principal sponsors of the new law - is that by introducing far more paperwork and unnecessary extra complexity and protocols in the way the bankruptcy process is undertaken, it has enabled the lawyers' to find an excuse by which they have been able to jack up and to justify the fees and the costs of filing for bankruptcy. Consequently, the costs of filing for bankruptcy since after the 2005 law, have become prohibitively high, in deed unaffordable, for the average bankruptcy filer. The average lawyers' fee for a simple bankruptcy in parts of the country today, has shut up to a whopping sum of $2,500 for a simple Chapter 7 bankruptcy, and about $4,500 for a Chapter 13, among other new complications now to be confronted by the debtor who wishes to file for bankruptcy. For many debtors, this therefore leaves the low-cost nonlawyer bankruptcy method, as the ONLY real remaining, practical, but affordable and effective alternative to the use of lawyers for their bankruptcy.

Don't Despair. There are Still Some Open Avenues of Cheap, Low Cost Affordable Bankruptcy Remedy For Debtors!

However, even under the new law, filing for bankruptcy, especially Chapter 7, is still a fairly straightforward process for a large number of filers. This is so more especially when you (the debtor) do it using basically one unique alternative system to traditional use of lawyers in bankruptcy - namely, using a nonlawyer, self help system, or one which uses a competent reliable Debt Relief Agency or Full Service Bankruptcy Document Preparer, in doing your bankruptcy paperwork.


The overarching argument and premise expressed by the banking and financial industry advocates and supporters of the reform law in urging the law's enactment, had been that the steady upward trend at the time in bankruptcy filings was due primarily to "fraudulent bankruptcy filings" by consumers and the "excessive generosity" of the old bankruptcy system which, it was said, encouraged "abuse" and allowed a great many number of debtors to repudiate debts that they could quite well pay, at least in part. No bankruptcy filings that were low cost or affordable to debtors, were largely available in this earlier post-2005 law, however, since most filers at the time were largely intimidated by the lawyers' common talk about the supposed "complexity" of the new law, and simply used only the lawyers to do their bankruptcy almost exclusively.

In years prior to the new 2005 law, Chapter 7 bankruptcy filings accounted for roughly 70% of all non-business or consumer bankruptcies (it was precisely 71.5% in 2004, the last year before 2005 when the new law took effect), while Chapter 13 bankruptcies accounted for approximately 30% or less. Perhaps the biggest anti-debtor consequence brought about by the new law - the consequence which, by most expert opinion, is precisely what had been intended by the banking and credit industries which were principal sponsors of the new law - is that by introducing far more paperwork and unnecessary extra complexity and protocols in the way the bankruptcy process is undertaken, it has enabled the lawyers' to find an excuse by which they have been able to jack up and to justify the fees and the costs of filing for bankruptcy. The average lawyers' fee for a simple bankruptcy in parts of the country today, has shut up to a whopping sum of $2,500 for a simple Chapter 7 bankruptcy, and about $4,500 for a Chapter 13, among other new complications now Las Vegas to be confronted by the debtor who wishes to file for bankruptcy.

Must Know Etiquette for Graduation Announcements Invitations Cards



Helpful Graduation Announcements and Graduating Invitations Etiquette for All School Grads

With today's varied and multiple educational options, graduation is a year round season and happening, which means everyone needs to prepared for graduating ceremonies, graduate parties with fancy and not so elegant dinners, and most of all, that all important gift giving. While academics accomplishments and achievements are an important element of celebrating any and all educational milestone, it is helpful if people of all ages are knowledgeable about the protocol of these gigantic milestones in their educational life.

Custom Graduation Announcements are for Announcing You're Graduating

When personalizing and sending your stylish announcements for graduates, good etiquette suggests that they should be mailed after the ceremony has been held. School grads, at all graduating milestones, should send graduating announcement cards to friends and family members who they would like to know about this significant educational accomplishment, even those who you might not have had recent close contact.

Personalized Graduating Invitations - What to Include and Who to Send the Invites To

Lots of people see little differences, there are, in fact, significant differences between graduating announcements and graduation invitations, regardless of whether they are for kindergarten, high school, college, nursing, and any other level of graduating. For most graduate ceremonies, the graduates usually are offered a limited amount of tickets, so in many cases, not every friend or family member will be able to attend.

Remembering Your Etiquette for Graduation Invitations and Graduating Announcements

It is truly interesting to see the difference in people who apparently have been taught about these etiquette situations as compared to those who have very little knowledge about graduation ceremonies and celebrations. For these and other reasons, everyone should prepare their children by ensuring they gain the confidence and understand why it's important. With all the fanfare and celebrations surrounding graduations, from pre-k, high school, advanced degrees, and all levels in between, comes school graduating etiquette guidelines that they will want to party-invitations be aware of and follow, thus ensuring everything goes smoothly and avoid having hurt feelings. Proper etiquette includes a wide range including, but not limited to, who should get invitations for graduation and school graduate announcements cards, appropriate gifts, party etiquette, and the all important, thank you note cards tips for surviving all graduations with class.

The skills and lessons learned while in the classrooms will help everyone on the job, but those people skills that you have and use are the ones that will afford you a definite advantage in the work environment. Good etiquette, whether socially or professional, makes everyone's life more complete and happier, since it includes behavior and interaction with others, and it is relationships and people who contribute to and drive our lives.


School grads, at all graduating milestones, should send graduating announcement cards to friends and family members who they would like to know about this significant educational accomplishment, even those who you might not have had recent close contact. Lots of people see little differences, there are, in fact, significant differences between graduating announcements and graduation invitations, regardless of whether they are for kindergarten, high school, college, nursing, and any other level of graduating. For most graduate ceremonies, the graduates usually are offered a limited amount of tickets, so in many cases, not every friend or family member will be able to attend. Proper etiquette includes a wide range including, but not limited to, who should get invitations for graduation and school graduate announcements cards, appropriate gifts, party etiquette, and the all important, thank you note cards tips for surviving all graduations with class.

Why Do We Love Exotic Cars?



I think he's a great guy, but something must have happened in his "car" gene. I then think, what guy doesn't love a great looking car? There are the rare few, like my friend, but for the rest of us, the "Car Gene" is alive and well.

Personally, I like all kinds of cars, but of course, mostly exotic, rare sports cars that are fast and have incredible handling. Looking back on my youth, my dad wasn't particularly into cars and frankly, didn't really take care of the ones he had. For the rest of us, those that ogle and stare when we see an exotic car, tare through the magazines at the local super market, or surf all the exotic car background web sites, why do we love these Exotic Cars?

Frankly, I don't have a general answer, but I know why I personally like them. I have several reasons and the top on my list is just how incredible they look. Cars are part of our every day life and the "regular" cars sitting in most peoples driveway are, well, boring. They're safe, conservative and just plane ugly. There are a few that are nice looking, like most Mercedes and BMW's are more popular than before and are nice looking, Mazda has some nice lines, Infinities are nice, Nissan and Hyundai have some good cars, but it's that rare car, high-end, exotic sports car that is just so damn good looking. Sexy is usually the thought that comes to my mind and is my criteria. While there are cars with the title exotic cars, like the Lotus Elan and Noble, they just don't have it in the looks department. The Elan, while rare and a cool old car, it's quit frankly ugly as home-made soap (Sorry Elan owners). Now, I know good looks are in the eye of the beholder, but there's nothing sexier than the Lotus Elise lines or a low slung Ferrari or Lamborghini.

Then, there's speed. Raw power and speed to go along with the sexy looks. I remember in the 80's the Countach were the cool exotic car, but the power wasn't all that great. Now, Lamborghini's, Ferraris and Porsche have exceeded such power limits that it's staggering.

Combine a sexy looking car and the knowledge here that it'll move faster than the speed of light and you have one awesome reason to love it. For those of us that have the strong "Car Gene", it doesn't get any better than that.


Personally, I like all kinds of cars, but of course, mostly exotic, rare sports cars that are fast and have incredible handling. For the rest of us, those that ogle and stare when we see an exotic car, tare through the magazines at the local super market, or surf all the exotic car background web sites, why do we love these Exotic Cars?

Cars are part of our every day life and the "regular" cars sitting in most peoples driveway are, well, boring. There are a few that are nice looking, like most Mercedes and BMW's are more popular than before and are nice looking, Mazda has some nice lines, Infinities are nice, Nissan and Hyundai have some good cars, but it's that rare car, high-end, exotic sports car that is just so damn good looking. While there are cars with the title exotic cars, like the Lotus Elan and Noble, they just don't have it in the looks department.

The Benefits Of Internet Marketing



Whilst it is fair to say that Internet marketing has certainly had an effect on offline trading figures, the comparisons are not directly proportionate for the simple reason that the Internet has opened up huge new markets which were not feasible before this 'information superhighway' was born. The interactive nature of Internet marketing, and the low costs involved in distributing information and media to a global audience, makes a very attractive platform for any business model, regardless of size. Latest figures from credit card companies report a 15 billion dollar turnover from Internet sales in the last year, and rising rapidly. It is not surprising that budgets for Internet marketing are taking a bigger slice of the advertising cake and the numbers of individuals earning their living directly from Internet marketing are ballooning off the scale.

Internet marketing draws together all the technical and creative aspects of the Internet, which include design, development, advertising and sales, and the techniques used in Internet marketing include search engine marketing, email marketing, affiliate marketing, online advertising and more recently, social media marketing methods as employed in blog marketing, and viral marketing.

Internet marketing is the process of building, growing and promoting a business individual or organization through any online activity including websites, blog sites, article marketing, press releases, online market research, email marketing, and online advertising. Internet marketing and offline marketing will both have an important part to play in the future of any business, assuming it is not purely Internet based.

Low Cost

Since the Internet can be regarded as a 'free for all' activity center where information is shared freely with all interested parties, the cost involved in the overall Internet marketing strategy is relatively low. Apart from the obvious expenditure incurred in operating a web site, a large proportion of the budgets set aside for Internet marketing will typically be swallowed up by resources and services offering expertise in the various marketing techniques that fall under the Internet marketing umbrella. Search Engine Optimization plays an important role in the positioning of a web site in search engine rankings and the larger organizations will often employ the services of a search engine optimization company to carry out this duty. Equally there are Internet Advertising Agencies available to handle all aspects of online advertising. Smaller companies or sole traders may carry out their own search engine optimization and advertising campaigns and would need only a few hundred dollars budget for marketing software tools. Either way, the overall cost of Internet marketing is much lower than the cost of a similar offline campaign.

Work From Any Location

All activities that fall under the Internet marketing banner can easily be organized from a laptop computer. Most communications are made using online contact forms, email or instant messenger, and payments for items such as web site hosting, internet marketing software tools and resource fees can all be paid online using a credit Atomic Design Rochester card. Web site design and management is also another area of Internet marketing easily managed from a laptop computer. The versatility of the 'laptop' means that these duties can be carried out from any location and therefore those involved in the Internet marketing fraternity can easily work from a simple home office, or even when away from home. Commuting is totally unnecessary.

The Level Playing Field

Unlike offline commerce, the use of Internet marketing techniques now make it possible for an individual or sole trader to compete with the larger organizations in his online business. It's true that a larger company whose name was on everyone's lips would have a head start in the marketing of their web site, and a larger presence in the search engine pages, beyond that the doors are opened and it's quite common to see a smaller commercial outfit riding higher than their much larger competition in search engine results. Yes the online advertising budgets would be much bigger for the national companies, but there are many Internet marketing techniques and resources available to the solo marketers that would help them to stay in touch. There are literally hundreds of new Internet millionaires developed on a daily basis.

There are also many niche areas with good benefits derived from Internet marketing, but generally the process is attractive all round as a method of promoting any business, recreational or personal projects across the Internet. Internet Marketing is where the future lies for businesses large and small . The Internet has arrived and no-one can deny it!


It is not surprising that budgets for Internet marketing are taking a bigger slice of the advertising cake and the numbers of individuals earning their living directly from Internet marketing are ballooning off the scale.

Internet marketing is the process of building, promoting a business and growing individual or organization through any online activity including websites, blog sites, article marketing, press releases, online market research, email marketing, and online advertising. In order to fully comprehend the huge benefits offered by the Internet marketing process, it is difficult not to draw comparisons with offline marketing methods, but it has to be remembered that one is not a replacement for the other. Internet marketing and offline marketing will both have an important part to play in the future of any business, assuming it is not purely Internet based. Apart from the obvious expenditure incurred in operating a web site, a large proportion of the budgets set aside for Internet marketing will typically be swallowed up by resources and services offering expertise in the various marketing techniques that fall under the Internet marketing umbrella.

The Power of Financial Planning



" Someone's sitting in the shade today because someone planted a tree a long time ago." (Warren Buffet).

As a financial life planner, my underlying assumption is that planning is a "good" thing. Planning is widely acknowledged to be a pre-requisite for business success. However, Benjamin Franklin's advice that "by failing to prepare, you are preparing to fail" frequently falls on deaf ears in the personal environment.

This is usually, in my experience, because people feel they have neither the time nor the skills for personal financial planning; nor do they want to spend money on hiring a professional financial planner. And a few people I have met have such confidence in their ability to make and retain significant fortunes that personal financial planning is deemed unnecessary, even spineless.

This article is about why financial life planning is important. I will share with you some of the current approaches to planning, show you how to plan in practice and highlight the outcomes.

To plan, or not to plan?

Because it leads to success, I am passionate about planning. I recall my first sales job in financial services, cold calling to make appointments to sell insurance. I had an excellent manager who made me plan my target market, pitch, call strategy, everything. The first call I made was spot on, leading to an appointment in minutes. I knew it was going to work, my manager knew, my colleagues knew. And it did.

So why should we plan our lives and money? In my view, for four reasons:.

1. To develop a practical framework for running household finances.

2. To achieve profound goals as fast as possible.

3. To ensure long term financial security.

4. To deal with life's setbacks.

Lets look at each of these in turn.

1. Financial framework.

Many people today lack a financial framework or system. When it comes to expenses, the core of financial planning, we often enter a fantasy world. Even if families can give a reasonably accurate set of current financial statements (assets, liabilities, income, expenditure and estate), they are rarely able to project what those statements will look like ten years, or even five years into the future.

Financial planners will usually tell you that clients come to them for these reasons:.

' We are not fully in control of our finances'.
' I don't understand money; all I feel around money is fear and anxiety'.
' We don't know where we are now or where we will be in the future'.
' We seem unable to live the lifestyle we aspire to'.
When families do achieve clarity it usually provides great relief, even if the picture does not look good. They at least know where they stand and can take appropriate action.

2. Goals.

Unfortunately, we live in an era where wealth is frequently generated for its own sake, rather than as the means to live a fulfilled life. Money is used to make more money - it becomes a proxy for the ego, and financial decisions are often made to protect or massage our egos, not to support the achievement of our deepest life goals.

Life and money are deeply intertwined. Identification of clear life goals is essential to provide direction, and enables sound financial decisions to be made.

3. Long-term security.

The impact of increasing longevity on family finances is profoundly important. The keys to addressing this are the Three Drivers of Financial Freedom: savings, compound interest and asset allocation. While saving implies a reduction in spending, and potentially the hijacking of those immediate and important life goals, financial life planning can help to resolve these difficult conflicts between the short and long term.

4. Dealing with the unexpected.

Life will have kicked you in the teeth in the past and it will do so again in the future. Accept it, and plan for it. Life can throw a huge range of fastballs at us, from the irritating yet not too serious car breakdown to the death of a close family member. Put in place contingency plans centred around a Security Fund and insurance. No one likes insurance (though I have yet to meet a widow who complained her husband was over insured).

Freedom.

What you are really going to achieve from well-formulated goals and a structured, considered life and financial plan to achieve those goals can be clearly expressed in one word - freedom.

Freedom is a central theme of my work, so what exactly is it? True freedom comes from defining and setting boundaries and living a life dedicated to achieving your goals within those boundaries. Greater freedom comes from personal growth, the means by which we can expand our boundaries.

Lianne's story illustrates this perfectly. A mother of two on a modest salary, Lianne had gone through a difficult divorce and when she first came to me for help, she was consoling herself with a compulsive spending habit.

However, her goals were to love, support and educate her children and to be a really good mother to them to compensate for the breakdown of the marriage. I worked with her to plan her boundaries. We established her life goals, tackled her spending and developed an annual spending plan.

One Monday morning she called me to talk about her weekend. She had taken the girls to London to see a concert and had done so without any feelings of guilt or anxiety over money. It had been in her plan. She had achieved her goal of bringing happiness and fun to her children. Within her boundaries she had achieved real freedom, to be there in the moment with her children, simply to be.

It's the process that matters.

Plans rarely survive contact with reality, to misquote Moltke. Reality for many of us can cause a change of direction. However, the process of planning is as much a benefit as the plan itself, often more so.

There are a number of planning processes around, often developed by professional bodies such as the Financial Planning Association or the Kinder Institute in the US or the Institute of Financial Planning in the UK. My own process is a six-stage process for called FUTURE:.

Foundation: a full inventory and analysis of your life, including assumptions and an analysis of your risk profile.
Utopia: establishing what you want to have, to do, to be.
Transformation: dealing and identifying with the obstructions on the road to utopia.
Utilisation of resources: establishing the best option for your existing resources.
Roadmap: creating the plan to get you from where you are now to where you want to be.
Execution: implementing and living the plan.
Having developed a plan it is important that you continue to monitor and renew the plan each year. Planning is dynamic, a habit, not just a couple of sheets of paper to be drawn up then relegated to the bottom draw and forgotten.

The fruits of the process.

We all in the financial community trust our processes, because we know they bring results, results that are more than just a written plan.

You will develop financial planning for physicians a personal inventory of your life. This will include a detailed set of accurate financial statements comprising a schedule of assets, liabilities, income and expenditure, as well as data about yourself and the environments you inhabit.

Self-understanding builds on this base and by the time you are well into the process you should be able to articulate your deepest and most profound goals. In doing so, you will find yourself energised, focused and far sighted.

You will learn about money. , if you are working with a coach or adviser you will have a raft of financial principles and products explained to you.. If you are alone on this journey you will need to educate yourself, and there are plenty of resources out there to help.

What is the alternative to planning? Crucially, financial life planning will actually help you to achieve this state by removing regrets for the past and fears of the future.

A well-structured plan will give you a thorough understanding of your situation and ensure you always have the right money in the right place at the right time to achieve your deepest life goals.


As a financial life planner, my underlying assumption is that planning is a "good" thing. When it comes to expenses, the core of financial planning, we often enter a fantasy world. Identification of clear life goals is essential to provide direction, and enables sound financial decisions to be made. While saving implies a reduction in spending, and potentially the hijacking of those immediate and important life goals, financial life planning can help to resolve these difficult conflicts between the short and long term.

Crucially, financial life planning will actually help you to achieve this state by removing regrets for the past and fears of the future.

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