1 January 2018
Personal financial planning is a lifelong process. You will be making financial decisions all your life. Sometimes you will foresee situations and plan deliberately; sometimes, well, things just happen and you will be forced to make instant decisions. Creating your financial freedom plan means making deliberate decisions now that will allow you to get closer to your goals while reflecting the realities of being a professional athlete.
The Money Smart Athlete’s personal financial planning process is rather simple: You figure out where you are now financially, you decide where you want to be financially in different phases of your life and you devise a plan of how to get from where you are now to where you want to go. The difficult part is to have the necessary discipline, consistency and flexibility to stick to your plan, re-evaluate it when necessary and respond to unanticipated needs and desires in a logical manner.
This month we are helping you, the Money Smart Athlete, create your financial freedom plan, your organized strategy for maintaining financial health and accomplishing financial goals. Developing your financial freedom plan will not only allow you to control your financial situation; it will enhance your quality of life and it will definitely reduce any uncertainty you may feel about money-related issues and future needs.
Athena P. Constantinou