Personal financial planning is important to all FDNY members because it will provide you with a method of organizing your financial world for yourself and your family. While you are out protecting the lives/property of the people of NYC, it is a good idea to have a professional financial planner educate and assist you with your financial needs. A financial plan will help you though an unknown future and will empower you to have the independence to handle unpredictable events in your life. Personal financial planning is extremely important to anyone wishing to stay ahead of their finances.
A good comparison is how a GPS system works in a vehicle. When you first turn a GPS on, it tells you where you currently are. You then put in a destination of where you would like to go. The GPS will then tell you the most efficient way of getting to your desired destination. If there are any changes along the way, the GPS will make adjustments to still get you to your destination. If the GPS did not know where you where to start, how can you expect it to get you to your desired destination. A Financial Plan works the same way. You need to know (review) your finances today, then you can see where you would like to end up in the future. A financial planner can then help you follow the plan (map) to get you there. If things change along the way, your plan can be adjusted to still achieve your future goals.
A good financial plan will also help you and your family with: *Goal setting
*Financial education
*Avoid potential threats
*Future options
*accountability
*Budgeting
*Proper Protection
*Recognizing opportunities
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