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FINANCIAL FUNDAMENTALS - EFS Euro Finanz Service Vermittlungs AG

As a Financial Advisor I believe there are seven financial pillars that are fundamental to your financial planning, future wealth creation, and wealth preservation. EFS Euro Finanz Service Vermittlungs AG

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FINANCIAL FUNDAMENTALS - EFS Euro Finanz Service Vermittlungs AG

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  1. FINANCIAL FUNDAMENTALS EFSEuroFinanz ServiceVermittlungs AG

  2. FINANCIAL ADVISOR AsaFinancialAdvisorI believethereareseven financialpillarswhichare fundamentaltoyour financialplanning, future wealthcreationandwealth preservation. 

  3. Income:This provides you with your day-to-day funds and is derived from your employment. Savings: This is designed to provide for your short and medium terms needs. Investment: This is fundamental long-term wealth creator. PILLARSCANBE IDENTIFIED AS FOLLOWS:

  4. Property: This could be your home and or investment properties. Pension: This is your provision for your retirement. Inheritance: This is typically derived from your family. Protection: This is a key part of any plan for your wealth creation and management. INVESTMENT

  5. INCOME STARTOFFBYLOOKINGATINCOMEASTHEFIRSTPILLAR. INCOMEIS AFUNDAMENTALBUILDINGBLOCKINALLOFYOURFINANCIAL DEVELOPMENTANDITISAKEYDRIVERFORYOURFUTUREWEALTH. ALLOFTHEOTHERFINANCIALPILLARSAREBUILTFROMINCOME, ANDITISINCOMETHATALLOWSYOUTOLAYTHEFOUNDATIONSFOR THEGROWTHINALLOTHERAREASOFYOURFINANCES. ITISIMPORTANTTHEREFORETOCAREFULLYMANAGEANDPLAN YOURINCOMETOENSURETHATTHEOTHERPILLARSCANBE DEVELOPEDANDPLANNEDTHUSBUILDINGWEALTHFORYOUR FUTURE.

  6. SAVINGSARETYPICALLY CREATEDTHROUGH EFFECTIVEMANAGEMENT OFYOURINCOME. INCOMEPROVIDESYOU WITHAREGULARSOURCE OFFUNDSCOMINGINTO THEHOUSEHOLD. EFFECTIVEMANAGEMENT ANDBUDGETINGOFTHIS INCOMEISDESIGNEDTO PROVIDEYOUWITHAN EXCESSTHATCANBEUSED TOBUILDOTHERPILLARS. SAVINGS

  7. INVESTMENTS Oncethesavingspillarhasbeen setupandisstartingtogrowyou mayfindthatyouhavesufficient fundstocoveryourshortto mediumtermneedsandassuch youcanstartlookingatthelonger terminvestmenthorizon. Investmentisthereforenextpillar thatwecanlooktobuild. When lookingatinvesting, itis importanttodevelopadetailed plantoensurethatitfitsyour needs. Thekeyingredientsinany i l

  8. PROPERTYINVESTMENTUSUALLYFOLLOWSWHENANINDIVIDUAL HASLAIDDOWNTHEFOUNDATIONSOFEFFECTIVEINCOME PLANNINGANDSAVINGS. THISMAYINVOLVEBOTHYOURHOME ANDINVESTMENTPROPERTIES. ITISIMPORTANTTOIDENTIFY THATPROPERTYISALONG-TERMINVESTMENTANDCARRIES WITHITHIGHERRISKPARTICULARLYINTHESHORTTERM. PROPERTY, BYITSNATUREISAVERYILLIQUIDASSETANDSOBY PURCHASINGPROPERTY, WHETHERITISYOURHOMEORFOR INVESTMENTINVOLVESPUTTINGMONEYAWAYFORTHELONG- TERM. ONCETHISMONEYISINVESTEDITCANBEVERYHARDTO GETBACKOUT. INMOSTCASESTHEONLYWAYTOGETTHE MONEYBACKISTOSELLTHEPROPERTYORTORE-MORTGAGE. PROPERTY

  9. Thenextpillarthatwecanidentifyfor developmentispensionorretirement planning. Thisisalong-termplanthat isdesignedtoprotectyouinthe futurewhenyourearningpotentialis diminished. Retirementplanning shouldbeimplementedassoonas possibleandtypicallyshouldstart whenyoufirststartearningan income. Pensionsaredesignedto provideapotofmoneytoallowyou havethecomfortableretirementthat mostpeopledesire. Pensions

  10. INHERITANCE Inheritancecanbeidentifiedasanother financialpillarthatmayariseatsome stageinourfinanciallivesandcanform avaluablepartofouroverallfinancial holdings. Inheritancehowever, isnot availabletoeverybodybecausethere won'talwaysbeaninheritancepassed onfromthepreviousgeneration.

  11. FORMORE VISIT:- HTTPS://TWITTER.COM/EFS EUROFINANZ HTTPS://WORKS.BEPRESS. COM/EUROFINANZ- SERVICEVERMITTLUNGS/

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