Project Description
As we enter this important stage in our life, our long term goals and expectations are vast and distinctive. From the beginnings of a new and exciting career to a successful working professional, there are roads ahead for a promising lifetime career and establishing a good plan early on so will enable you to capitalize opportunities and maximize potential financial gain.
It is absolutely necessary to include the following in this career building plan.
- Create a savings and investment vehicle
- Establish a business development plan
- Protect your business affairs.
- Manage financial risk.
Start by paying yourself first by making a habit to put money into your savings account first, usually about 10% of your income, as soon as you get paid, and before you have time to spend it on other things.
Personal and business insurance are essential to protecting yourself against financial risk. Get a professional assessment as to your risk management needs and incorporate this into your plan. Your ability to earn an income is fundamental to your future and that risk of loss needs to be mitigated with Critical Illness Insurance and/or Disability Insurance.
Your health care costs may be low at this stage, but obtaining a good Health Insurance plan will insure you are covered.
Know your financial limits and stay within it – Create a budget and cash flow chart that you can manage and stick to it.
If you are independent, and have the ability to incorporate, you may also realize great benefits in tax savings and creditor protection. An expert evaluation should be conducted.
Contact Us for more information about how this could work for you.
