Takeover Magazine 1st issue april 15th 2016 | Page 35

Personal Financial Goals

The Tme For Action Is NOW!
We all know the story of the shoemaker
whose children went without shoes and
the roofer who never got around to
fixing his leaky roof. Except for the
details, their stories may not be too
different from our own. Despite
knowing that we need to be doing
something about planning for our
personal financial goals – whether it is
saving for retirement, doing a better
job of managing our debt, or setting
money aside for our children’s college
education– most of us put off doing
anything about it for one or both of two
reasons: we aren’t sure where to begin,
or we don’t think we have sufficient
assets to make it worthwhile.

The truth is, there is no single place to
begin when it comes to taking steps to
improve your financial future; and
there is no level of income or assets one
needs in order to make the process
worthwhile. You can take action
regardless of where you are in life, and
regardless of how much money you
have (or don’t have).

The first step is probably the easiest:
(1) identify your current and future
financial goals, goals that usually
include;
(a) making sure your family is
protected financially at your death;
(b) managing current expenses while

Michael R. Copeland
paying down debt;
(c) accumulating sufficient assets for
retirement; and in time, leaving