if further, the main things that are included in the personal financial planning is as follows.
1. profit and credit arrangements. Credit should be monitored if need be reduced to avoid the debt that has accumulated and unpaid, especially for debts that are consumptive and productive.
2. the right insurance products to protect the personal risks such as the risk of death, total disability, and loss of revenue. appropriate insurance is necessary for anyone who has dependents.
insurance protection should be devalued periodically.
3. accumulation of wealth. regular savings and investment program, certificates of deposit, security of assets, and income security but it depends on two things, namely financial goals and risk tolerance.
4. property investment and planning.
in this faithful people have the same goal, namely how to keep assets can grow up with a risk that is not too high.
5. taxes. appropriate allocation of certain assets to reduce individual income tax.
6. retirement. calculation needs to be done carefully and detail to know the opinion desired retirement to maintain a decent lifestyle later.
7. estate planning. how to continue or reduce assets to heirs in the most effective manner.
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