Anyone who is interested in talking about financial planning could certainly do worse than to speak with Richard Dwayne Blair. He is an executive at Wealth Solutions Inc and has personally helped people make a plan for their financial future. In fact, he developed the three pillar system that has helped so many find their way in the financial world. We want to talk about those three pillars today.
Get A Clue
Do you know what you want out of your financial life in the first place? A new house? A boat? Peace of mind? All of the above? These are the kind of things that financial advisors want to know. It is pretty difficult for them to get a clue as to what you should do with your money if they are not even sure what you are interested in doing with that money in the first place. When you walk in to meet your financial advisor you should already have these kind of things laid out for him or her to review with you.
Choose The Right Kind Of Investments For That Plan
You have to select the right kind of investments for your overarching plan. Put another way, you need to be able to make investments in things that will have the kind of payoff that you are expecting from them. You want to make sure that you do not risk too much or play it too conservatively depending upon your goals in the first pillar.
Implement And Monitor
You have now reached the stage where you must put your plan into motion and then monitor how it goes. You have done a great job up to this point, but now it is time to really put your ideas into action. Most likely you will be surprised at just how much easier life is when your money is working for you. In these three simple steps you can go from having no idea what to do to having a full grasp over exactly how things are supposed to go. It is really that easy.