Life Insurance
Whole Life
Limited Pay
Endowment
Group Life
Credit Life
Pre-need Educational
Pension
Funds
Memorial Plans
Mutual Funds Peso Bond
Fund
Balanced Fund
Strategic Growth
Dollar Bond
Fund
Banking
Savings
Time Deposits
Auto Loan
Non-Life
Auto Insurance
Fire Insurance
Marine Insurance
Travel Insurance
Health Care
What is and why do Financial Planning in the First Place? Financial
planning can help you achieve both greater wealth and financial
security. It makes your money work for you, instead of you working for
it, allowing you to be free from the bondage of always not having
enough.
Mutual funds are large professionally managed portfolios
that are formed by many individual investors who collectively pool their
resources in order to achieve a high level of diversification. More
investors, by far, invest in mutual funds than in any other type of
investment product.
Don't Leave It All To Your Spouse If you die, you
leave everything to your spouse; in the event your spouse dies first,
you leave it all to your children. But this simple strategy could lead
to unexpected problems for the simple reason that life isn’t always so
simple.
Minimum Payment = Maximum Payoff Time Want to be your
credit card company’s favorite customer? Just max out your card’s limit,
agree to pay interest at a rate of 18% to 25%, and make only the minimum
payment each month.
The minimum monthly payment is set by each card issuer, but it’s
typically about 2% of the outstanding balance. Card companies want you
to pay only the minimum, so that most of your payment is interest, not
principal.
Planning for your kids' educations If
you wait until your child is 16, you won’t have enough time to
prepare for the costs of college. You’ve got to focus on this
subject while your kids are still in grade school.