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How to Create a Holistic Financial Plan

Posted by Golden Haven on January 30, 2023

If you’re like most people, you probably have some long-term goals for your future. Maybe you’d like to retire at age 65 and travel the world. Or perhaps you want to start a business and become self-employed. These are great goals, but they require money—lots of it! And while there are many ways to save money (like cutting back on your expenses), that doesn’t mean it’s easy. It takes discipline, commitment, and time for your savings account or retirement fund to grow over time. While no one can predict the future with 100% certainty, having a holistic financial plan can help ensure your dreams come true—even if unexpected things happen along the way!

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Understand Your Needs

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Before you can begin to create a holistic financial plan, you must first understand your current financial situation. This includes understanding what assets and liabilities you have and how they are managed. Are you saving for retirement? Do you have any large purchases in mind? Finally, identify your risk tolerance: do you prefer low-risk or high-risk investments? Once these elements are understood, you can determine what type of plan is best suited for you.

Be Specific About Your Goals

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Having financial goals is essential for several reasons. First, if you don’t have a clear idea of what you want to achieve financially, it will be hard to plan your way toward those goals. You may end up spending all your money on things that aren’t helping you or your family save or earn more money. Second, having financial goals helps keep you motivated and focused. If you know exactly where you’re headed, it’s easier to stay on track when life gets in the way.

Review Your Debts and Credit

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Reviewing your debts and credits is a great way to get a sense of where you stand. It’s also the perfect opportunity to start planning how you’ll manage your finances. Take a look at your debts and credits, and then plan how to pay them off. Start by reviewing what you owe, where it comes from, and how much you pay each month. Then look at how much money you have coming in every month so we can figure out how much can go towards paying off your debts.

Talk to a Financial Adviser

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Once you’ve got a sense of where you stand, it’s time to talk with a financial adviser. Financial advisers help their clients understand their current situation, set future goals, and find tools to enable them to get there. They can also help create holistic financial plans that consider all aspects of your finances—from savings and investments to retirement planning, real estate ownership, insurance coverage, and more.

Build Savings and Emergency Fund

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Having an emergency fund is one of the most important things you can do for your financial well-being. It’s a reserve of money for unexpected expenses that can’t be avoided, like car repairs or doctor bills.

If you’re just getting started on your journey toward financial freedom, start with a small amount and increase it over time. You may be tempted to start with a large amount as insurance against future emergencies, but this isn’t realistic if you start out with little or no savings. Instead, start small and work your way up over time when possible. If saving isn’t feasible right now, consider making other changes, such as reducing expenses or increasing income. This is so that saving becomes more viable later on down the road!

It’s not just about saving for an emergency fund—you should also be considering building retirement savings and other investments. Your financial plan should also include a list of goals you want to accomplish over time.

Use the Right Tools

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To create a holistic financial plan, you will need to use the right tools. These tools include financial planners, budgeting apps, and general financial planning tools. You should also consider using a financial calculator to help you reach your goals and manage your money better.

Invest for the Future

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As you’re sure to learn, investing for the future is a long-term process. That means there’s no need to time the market or jump in and out of stocks—you need only make smart decisions year after year.

The best way to start investing is with a diversified portfolio of low-cost index funds. This diversification helps reduce risk while maximizing returns over long periods. The more volatile an asset class is—like emerging markets or small-cap stocks—the more critical it is to spread your investments across multiple categories so that one downturn doesn’t ruin your entire portfolio.

If you can, try to invest in real estate as well. An entry-level investment example is a memorial lot. Memorial park developers like Golden Haven offer memorial lots and other properties, which you can buy for as low as 1,040.00 monthly. Golden Haven Memorial Lots is a safe way to invest because its value appreciates annually by an average of 20%. If you want to protect yourself from the effects of inflation, investing in a memorial park is a great way to do it.

A Holistic Financial Plan for a Holistic Life Improvement

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A holistic financial plan is about creating a plan for your life and being prepared for the unexpected—and it’s also about having a plan for your future. It is all about being financially healthy, which includes savings goals and investments, insurance protection, debt management, and estate planning. Creating a holistic financial plan is essential to help you get your finances in order. It’s also one of the most effective ways to manage your money because it gives you a clear view of where all your money is going and how much of it you have left. Plan out your finances now and reap the benefits in the future. Good luck, Kaibigan!

READ MORE: Golden Haven Memorial Park News and Update


  • Golden Haven is a member of the Villar Group of Companies and a subsidiary of Golden MV Holdings, Inc. The company continues to develop the most beautiful memorial parks in the country and is now the largest chain of memorial parks in the Philippines.

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