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Financial Planning!

Planning to achieve your financial Goals

  • Writing down your financial goals!
  • Determine short, medium and long term goals.
  • Short term from 1 year to 5 years Medium term 5 to 10 years, Long term 10 years and longer!

Be specific

Time schedule.
If you do not achieving your financial goals. It is because they are not clearly defined!

  • Implement the plan.
  • Review and modify your financial goals as needed.

There is nothing that drives anyone to the poorhouse faster then overspending or living out of its mean.

The buying power of your money is shrinking about 4% per a year!

The single biggest expense in your life time!

To procrastinate, setting things aside is the worst thing for your financial future.

Financial goal must be
Monitor and modify!



I can not stress enough the important of controlling and tracking your spending!

If you will sit down in the bankruptcy court and listen to the individuals the businesses to government agencies that filed, you will find out they all have in common one thing they all had poor or no real budget! Budgeting is tracking expenses, it is the foundation of every financial plan. It doesn’t matter if you’re living paycheck to paycheck or earning six-figures a year, you need to know where your money is going if you want to have a handle on your finances. Unlike what you might believe, budgeting isn’t all about restricting what you spend money on and cutting out all the fun in your life. It really about understands how much money you have, where it goes, and then planning how to best allocate those funds. Here’s everything you need to help you create and maintain a budget.

Budgeting Basics
If you do not know why a budget is so important? On the surface it seems like creating a budget is just a boring financial move, especially if you feel your finances are already in good order. But you might be surprised at just how valuable a budget can be. A good budget can help keep your spending on track and even uncover some hidden cash flow problems that might free up even more money to put toward your other financial goals.

Budgeting for Success
Once you’re taken the time to create a budget, now it’s time to make sure you follow it. Budgeting can be like going on a diet—you start with good intentions, but after a few weeks or months you drift away from your plan. Don’t let that happen to you. Here are a few basic traits that will ensure budgeting success.

How to Create a Budget
The hardest part of creating a budget is sitting down and actually creating one. It’s like staring at a blank piece of paper when you need to write something and that first step seems like a massive hurdle. Don’t worry--I’ve broken down the budget creation process into a few easy to follow steps. You’ll be able to sit down and create a basic budget in just a few minutes.

Basic Budget Worksheet
If you’re having difficulty coming up with all of the various expense categories for your budget, I’ve created a budget worksheet that can help you organize everything. This worksheet has the most common expenses and can help you keep track of everything in an orderly fashion.

Use the Budget to get your spending under control

Once you’re taken the time to create a budget, now it’s time to make sure you follow it. Budgeting can be like going on a diet—you start with good intentions, but after a few weeks or months you drift away from your plan. Don’t let that happen to you. Here are a few basic traits that will ensure budgeting success.

The main reason to create a budget is to help you keep your finances under control by keeping track of how much money you’re spending and where it goes. When you begin to stray from your budget it’s usually because of spending too much money somewhere. But if you have a budget that tells you exactly how much you’re supposed to spend, why is it so easy to overspend? There are a number of reasons we overspend, so when you understand what causes overspending, you can help put a stop to it and keep your budget on track.

Using Cash to Keep Spending Under Control
With both credit cards and debit cards, we can be in and out with a purchase in a matter of seconds. Unfortunately, this convenience comes at a cost. By using plastic we can begin to lose track of how much money is actually being spent. Sure, two dollars here, 4 dollars there, it doesn’t seem like much at the time of purchase, but if you aren’t careful they can really add up and bust your budget. One trick to help keep your daily spending under control is to use cash instead of your credit or debit cards. It might not be as fast, but it helps you visualize just how much money you’re actually spending.



What Does Inflation mean to me?
Inflation is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central bank attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum. As inflation rises, every dollar will buy a smaller percentage of a good.

For example, if the inflation rate is 2%, then a $1 pack of gum will cost $1.02 in a year. Most countries' central banks will try to sustain an inflation rate of 2-3%.

Consequently, inflation also reflects erosion in the purchasing power of money.

Our Inflation data is calculated to two decimal places while the government only calculates the last 10 years average inflation rate is 3% per year.

Therefore your Financial Planning and long term goals, you must calculate projected inflation and future values of your specific goals.

For example:

1965 a new Ford Mustang price was $4,500.00 today it is $40,000.00

1965 the average price of home in LA was $33,000.00 today it is $425,000.00 Three-bedroom homes in Evanston, Illinois have gone from $25,000 in 1965 to $340,000 today

According to the official consumer price index, it costs $645 today to buy what $100 bought in 1965

Median family income, according to official statistics, has hardly risen at all. The $6,882 figure for 1965 works out to $46,326 today.

If you are planning to send your kids to college or buy a home or planning for retirement you need to calculate Inflation to any long term investment.

Taxes is your Biggest Expense

The biggest expense in anyone’s life is. Well, it’s not the food, clothes, education or anything else. But it’s the Tax. Income Tax! The tax on your income.

Income tax is the single largest annual expense for many households. There is no tax on appreciation of wealth. Of course there is wealth tax. The average worker in the US work every year from January until May only to pay taxes. The highly progressive U.S. tax system, where the top 10 percent of income earners in the US paid 72% of federal income tax. That is not include other taxes that we pay! Every time we take a shower, talk on the phone, turn on the lights, and buy anything from Gas to your car to milk in the supermarket or real estate tax, licensing taxes and more. This is not include business tax or estate tax!

This is Not About Tax Policy. It’s about Your Life’s Single Biggest Expense

Planning your financial future must include a tax planning.
One of the main focuses of tax planning is to apply current tax laws to the revenue that is received during a given tax period. The revenue may come from any revenue producing mechanism that is currently in operation for the entity concerned. For individuals, this can mean income sources such as interest accrued on bank accounts, salaries, wages and tips, bonuses, investment profits, and other sources of income as currently defined by law. Businesses will consider revenue generated from sales to customers, stock and bond Issues, interest bearing bank accounts, and any other income source that is currently considered taxable by the appropriate tax agencies.

In many cases, a primary goal of tax planning is to apply current laws in a manner that allows the individual or business to reduce the amount of taxable income for the period. Thus, planning for taxes involves knowing which types of income currently qualify for as exempt from taxation. The process also involves understanding what types of expenses may be legitimately considered as deductions, and what circumstances have to exist in order for the deduction to be claimed on the tax return

The Idea is to reduce the taxable income as it allows you legally.

If you have an opportunity to take advantage of a Pre-Tax savings. You should plan to do it, the saving would be by far more then just the amount you save.

This is not about political leanings, or tax policy. It’s about what will likely be (or already has become, and will only continue to be) the single largest expense of your entire life.

If I were doing these tips according to bottom-line affecting expenditures, Pre-Tax tax savings should be an important part of your plan!


Moti Gur is a Registered Representative with and securities offered through Financial Network Investment Corp and Cetera Adviser Networks LLC.
A registered broker/dealer, Investment advisor and member FINRA/ SIPC
3807 Wilshire Blvd, Suite 1040 Los Angeles, CA 90010 213-385-6237


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