The Importance of Financial Planning

Many years ago, I heard of several people who won the American lottery and other lotteries but became bankrupt later on in life. I also heard of retirees from big multi-national companies in the oil sector and other sectors that became broke just few years after their retirement. All these bad testimonies kept me thinking about my future and I became so afraid. One of the thoughts I had was, what else can I do to become and remain wealthy if these people became poor and bankrupt despite their fortunes. But as I grew and expose myself to information, I discovered something


very amazing which I want to share here. It is quite brief but very powerful.
Wealth could be acquired miraculously like the lottery winners but it takes more than that to sustain it. As a writer once said, “he, who fails to plan, plans to fail”. This is very true in every facet of life. Everything in life must be well planned. Unlike these people I earlier mentioned, our finances must be planned; how we will save, how we will invest, how we will donate to charities and other forms of spending. It must be a calculated lifestyle with the goal of remaining wealthy. I have an article and a personal budgeting spreadsheet to help you understand and plan your finances. If you are interested, please send request to charlesmentor(at)gmail(dot)com. Please leave a comment if you find this article and the materials very useful to you. Thank you.