Financial planning for the 30-year-olds

Thirty years - a great age.

You are young and successful you are in the prime of life, before you open all the doors. Your income increases regularly with increasing your professionalism. You demand. Life is good. And best of all, you already know what you want, and know how to enjoy life.

However, no matter how was your life, what would be the top you take, it's just part of life, one of its side. The second side - this is what happens to us when we have other plans.

Have you ever late for a meeting, on a date or on a plane? Of course, you are punctual people: come quickly, come out well in advance. But - cork. Descended from a bus route. A machine that would not start, but completely serviceable. Other unforeseen circumstances. And sometimes it happen that you had to change your plans because someone was late, did not come at all, or simply changed his mind to accept your offer? Certainly. And it is impossible to say exactly at what point of time we catch up with the proverbial force majeure.

And in general, not always you are young and vigorous. So arranged the human body: it wears out, it does not remain any former enthusiasm or energy, and sometimes - and a desire to escape or even creep up.

30 years - abroad, where it's time to create a capital reserve and to count not only on the remarkable strength and capabilities.

Let's answer the following questions.

- Whether you are guaranteed a permanent job and a steady income from it?

- Are you a permanent increase in income guaranteed?

- Do you own or your family members insurance coverage for sickness, disability, natural disasters or accidents?

- is engaged whether you control your budget at least once a month?

- Decides whether your business or employer has the task of ensuring your financial future?

- Do you have a personal pension plan?

- Do you have a financial plan for 3, 5, 10, or more years?

- Your income and investments protected from inflation?

If at least one question you answer "no", then your happy future in jeopardy.

What to do?

Grow and develop to the facilities, enjoy life and make plans.

So, financial planning. What is it? This is a set of tools that in developed countries and in Russia are used by people to achieve their financial goals for life.

How it works?

It first deep audit of your current financial situation - income, expenses, assets, liabilities. Further identified and designated your personal financial goals at the moment and in the future. In accordance with the data compiled your personal financial map, moving according to which you will achieve everything planned.

In general terms, this is the case. The possibilities go, the prospects become memories, and only a clear plan gives guaranteed results.

Several financial planning truths

• It is all about time - stretching and irreplaceable resource. The sooner you start to build capital, the easier it is to do it. Create one million dollars is easier when you left 30 years. When the remains of 20, 15 or 10 years, making it difficult, and sometimes downright impossible.
• The thing in return. When investments by 20-30% per annum in rubles or any other currency is no guarantee neither save nor to multiply money. Such investments are very risky. Life - a kind of marathon. It is important to go with optimal speed, in order not to overstrain. The optimal percentage of investment, that is, the annual yield of the moderate portfolio is on average 7-8% per annum in foreign currency (dollars, euros, pounds). Everything else - unnecessary risks.
• Invest regularly. The ideal time to invest - on a monthly basis.
• Plan automatic accumulation. Long-term investments for a period of 15 years and more optimal. In this period of smoothed fluctuations in the stock market.
• Invest in yourself. Create personal capital. There are investments in themselves in terms of knowledge and development, professional growth. Another type of such investments - creating the future capital and gaining financial freedom.
• Protect yourself and your family against any unforeseen circumstances. As they say, in life anything can happen. To "all" does not become fatal for you, use the life and health insurance, insurance against disability.

Top 5 mistakes in the field of personal finance

1. The collapse of the world economy. Media tirelessly write and speak on this subject (the work they have such). Objectively, the world financial system has existed for over 200 years and will continue to exist. Of course, time passes, the world is evolving and changing, and with the global economy is changing and with it. It is transformed in response to external factors, and that's fine.

2. Money is worthless. It is important to note that each has its own currency inflation. If we consider the stable currencies of the developed countries (eg, dollars, euros, pounds, francs), they have inflation over the past decade, an average of 3%. They are stable and reliable. Pounds, by the way, there are more than 300 years in its present form. In Russia, inflation is high, more than 15% per year since 1998, but gradually, and it will decrease.

3. I always save the friends and relations. Experience shows that gradually people "settle" in the family and are thinking primarily about the interests of his family. Self comes to the body, as they say. Especially clearly pronounced after 40 years. So that your friends and even brothers and sisters will hardly be able to support you financially in full. In my practice, there are people who are in their 50-55 years counted on the support of relatives. Someone and not getting it, and someone gets partially (at least the ability and willingness of relatives and friends). Therefore count on themselves first.

4. I can always take care of yourself and your family. The most common and the most viscous misleading. In general, it is logical that, by virtue of our body physiology inevitably comes a time when we can not even take care of himself, let alone a family. At the peak of success happen to people and diseases and accidents, and other misfortunes.

5. I still have time. This is in continuation of the previous paragraph. My friends, you do not control accidents. The only thing you can do - to be ready for him. And again, time goes faster than you think.

What we need to invest - it's not an option and not an option. This dogma, which, by the way, regularly works more than 200 years.

On the purposes and decisions

Of course, each their own, but still there are common elements. I am happy to tell you about them.

1. Personal budget.

Keep accounting of income and expenses using the online services of personal accounts. Save a lot of time (and money, I promise). A very simple idea, how to do an effective habit: income and expenses are fixed on the phone immediately upon the purchase or receipt of money. Every 2 weeks through statistics in the browser. You will spend just 2-3 minutes a day, and in return get a complete picture of their budget. The most suitable program for accounting: EasyFinance.ru, Zenmoney, MoneyWiz, HomeMoney, My Mind On My, CoinKeeper. Choose on taste and color!

2. A financial reserve in the bank.

Create a financial reserve in the amount of their expenses for 3-6 months (maximum 12 months) and keep it in the bank. If your monthly income - 100 thousand rubles, and the cost is 70 thousand rubles per month, a financial reserve should be at least 210 thousand rubles, and in an ideal - 420,000. I recommend that in the current situation, to keep a reserve of 30-40% in rubles, and 60-70% - in dollars. Do not try to buy the interest rate on the deposit, choose reliable banks with state participation.

3. Charity.

Do good deeds regularly - I'm serious. At low income is considered optimal to allocate an average of about 3-5% per month to charity. The good things you can invest not only monetary resources but also time or other types of resources available to you.

4. Life insurance (SJ).

Apply for SJ, period. This tool is extremely important. This is the only money-back guarantee to your family if you suddenly will not. This is especially important when someone is financially dependent on you (spouse, children, parents). In developed countries, each adult has an average of more than 2 life insurance policies. In Russia, yet only 1% of the population draws SJ. We have to strive for.

Life insurance - the only guaranteed investments in your absolute financial security and stability. The insurance company will pay the money to your family and fulfill your financial obligations to their families, to live safely in the event of loss of the breadwinner.

5. health insurance.

This financial protection in the case of loss of health. The insurance company will pay you compensation if you are injured or seriously ill. This is usually a one-time payment, you can use to treat, restore their health, life support during illness.

6. Voluntary medical insurance (VMI).

This insurance includes payment for your treatment in a row in a medical facility. This will provide you with full first-class medical care in all clinics of the world if necessary. And, of course, will keep all of your savings and reserves.

7. Investment portfolio.

It consists of a portfolio of mutual funds (or mutual funds). It is a reliable way to generate long-term capital. In fact, one of the main ways of its creation, enhancement of their personal pension and achieve financial independence and freedom.

8. The marriage contract.

Yes, in Russia it is more uncommon than the norm. In the developed countries the financial relations in the family planning immediately. This tool allows you to avoid litigation and trouble in the event of divorce. It is cultural, it's love, it's okay.

9. Children's education.

Not far off the day when education in Russia will be paid in full. Of course, it is impossible to know what profession choose your children, but you may well be able to make sure that your child is guaranteed to get a decent education in any field. To do this, you need to create savings for these needs.

So how much money is needed? If we are talking about education in the Russian Federation, the most prestigious education today is worth about 3-4 million rubles for 4-6 years of training. So, we need to save 50-60 thousand dollars. If this is the average level of education in Europe, such as Germany, Luxembourg, the Czech Republic, Finland, Cyprus, in a year it will cost, together with accommodation is already about 12-15 thousand dollars. That is, you need to create savings in the 60-100 thousand dollars. If you take the most prestigious education in the world - in the US or the UK - it will cost 300-400 thousand dollars for the entire period. By the way, it is necessary to take into account inflation of Education. It averages 7.5% per year over the past 20 years.

10. Inheritance.

If you have tangible assets, you need to make a will in case you will not. Even if you are now 25-35 years old and of course you are going to live forever. There are times when people are at a young age go for no apparent reason and without warning. Create a Plan B in advance to your family able to maintain warm relations and left you an inheritance does not become an apple of discord in the family.

Remember, money make it possible. Opportunities to get what you want at any time. Money - it is not the goal, right. Money - it is a means to achieve your financial goals.

And in any case not engaged in self-activity in the field of personal finance. To create a sound financial plan, use the services of a specialist - a financial consultant, and be sure to practice. You're teeth themselves do not heal? And here the conversation is also talking about health - about your financial health.