Motley Fool Money How to Start a Financial Plan, with Tom Gardner and Amanda Kish
Jan 15, 2022
Amanda Kish, a financial planning specialist at All Fools Universally, joins Tom Gardner to unravel the complexities of financial planning. They discuss how understanding yourself as an investor is crucial before making any financial moves. Kish outlines essential steps for new parents and emphasizes the need for regular reviews of your financial strategy. The discussion contrasts DIY planning with the benefits of professional advice, offering practical tips to help listeners create a tailored financial blueprint and navigate market volatility.
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Know Your Goals
- Understand your goals and objectives before creating a plan.
- Consider your values and desired lifestyle.
Steps for Couples
- Review your portfolio allocation relative to your risk tolerance.
- Create estate planning documents, especially if you have children.
First Steps in Planning
- Centralize financial passwords and account information.
- Discuss long-term financial goals with your partner.