FINANCIAL PLANNING

​Financial Planning that's effective and correctly implemented is a major cornerstone of every successful enterprise in any society.  Why?  Simply because almost all of the resources that enable enterprises to succeed in their endeavors require an adequate and even abundant well of cash and capital. 

But how can you ensure that your enterprise can generate an abundant supply of cash and capital? You need to undertake financial planning.   

Any person, family or organization can be considered an enterprise in the financial sense.  So it follows that each and every Filipino need to perform financial planning at all points in his life.

Filipinos and Financial Planning

For so long, many Filipinos have been mired in a cycle of perpetual want for monetary resources. It is ironic as Filipinos have been known to comb the length and breadth of the globe to work and earn money for their families' sustenance and well-being. 

Why then is money so scarce for many?

The answer lies in their lack of knowledge (and perhaps lack of patience) on aspects of financial planning.  A general aversion to mathematical calculations perhaps?  

Filipinos in Metro Manila and throughout the nation would benefit immensely if only they conduct financial planning regularly and consistently, whether it be on an individual or family basis.  It is a great tool that will enable Filipinos to keep tabs on money coming in and out of their accounts, align these flows with their life goals at various stages of their lives, and successfully achieve these life goals.

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Steps in Financial Planning

Financial planning is a dynamic process that needs to be done on a regular and consistent basis. It usually involves these basic steps:

• Setting a Goal: A specific, time-based and quantifiable objective to meet certain financial requirements should be drawn up.  Being time-based means that there could be multiple objectives assigned for the short-term (within 1 to 3 years), medium-term (4 to 6 years) and long-term (7 years onward).

• Creating the Plan: The financial plan should be as detailed as possible.  It ideally should contain a veritable roadmap of how to accomplish the goals.  As such, it ought to contain both behavioral changes/revisions, as well as specific financial instruments to be used to achieve the stated goals.

• Implementing the Plan: Setting the financial plan into motion is often a tedious and methodical process that requires a lot of discipline and perseverance.  A single-minded determination to meet the stated goals should be accompanied by the development of winning habits to ensure that the plan is carried out over possibly long periods of time. 

• Monitoring and Updating the Plan: As time goes by, the financial plan should undergo either major or minor tweaks in response to ever-changing environmental conditions.​

So don't go through life encountering the same financial problems as our elder generations did.  

With all the resources, knowledge and qualified financial advisors to help you, encountering a lack of cash, money and other financial resources to meet certain life goals is no longer excusable.

Take charge of your finances today.  See how life would be a lot more comfortable if you engage in financial planning NOW.

"Someone is sitting in the shade today because someone planted a tree a long time ago" 
~ Warren Buffett,
   Legendary American Investor 
   Chairman and CEO, Berkshire Hathaway

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Y O U R   P A R T N E R

EDWIN T. BARTOLOME
Financial Advisor 
​and Certified Investment Solicitor
Authorized by the Insurance Commission to act as an Insurance Agent.
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For inquiries and free assistance on Personal Finance, Investments, Estate Planning and other Money Matters, you can reach him at:

Mobile : 0908-863-4617

E-Mail:
[email protected]

Office Address:
Baobab New Business Office
Sun Life Financial
6/F BTTC Centre,
288 Ortigas Avenue
Greenhills, San Juan City
Philippines
Tel. No. 7-719-3958
Fax. No.7-719-3894

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