ECCB Highlights Importance of Financial Planning to Achieve Financial Success
Proper planning prevents poor performance. This is according to Financial Expert and CEO of Samuel-Fields Consulting, Megan Samuel-Fields. She says that a good financial plan is key to attaining financial success.
Speaking on this week’s episode of ECCB Connects, Samuel-Fields defines a financial plan as a comprehensive picture of one’s current finances, financial goals and the strategies that are in place for achieving those financial goals. She adds that the plan would not be complete without the inclusion of short and long-term goals.
Samuel-Fields encourages individuals to take stock of their financial behaviour and outlines ‘The Five Money Musts’ as a way to help individuals attain financial security and success:
- Set you financial goals
- Budget
- Manage your debt
- Save and invest
- Enjoy your money.
By focusing on ‘The Five Money Musts’, individuals will be in a better position to achieve the financial success they desire, says Samuel-Fields.
View the full discussion below.
