Comments on: A Bird’s Eye View of a Household Financial Plan (Part 2) http://www.save-and-learn.com/2009/03/10/birds-eye-view-part-2/ Friendly, professional advice about saving and investing Fri, 18 Mar 2011 00:37:17 +0200 http://wordpress.org/?v=2.8.6 hourly 1 By: Hector De Leon http://www.save-and-learn.com/2009/03/10/birds-eye-view-part-2/comment-page-1/#comment-40 Hector De Leon Tue, 07 Apr 2009 00:55:27 +0000 http://www.save-and-learn.com/?p=30#comment-40 While I agree that education is a very important financial goal, my opinion on whether to prioritize education over retirement depends on the individual's situation. Ideally a person should starts building the educational fund first since that goal is likely to come sooner. But if its an absolute choice between funding for one and risking out-of-pocket financing for the other I would go for my retirement. Why? Because in my situation my kids will go to college during my peak income years so I will have a better chance of funding for the cost of education by simply adjusting my household exenses a bit. Retirement on the other hand, in my opinion, is a point of no return. Once the cashflow stops coming in, that's it! If I need to work after retirement managing a small business or doing consultancy in order to survive (very different from those who do to these as a hobbies) then I guess I'm not retired. The last thing I want is to wake up one day on my 65th birtday and realize that I need to hurry because I'll be late for work. While I agree that education is a very important financial goal, my opinion on whether to prioritize education over retirement depends on the individual’s situation. Ideally a person should starts building the educational fund first since that goal is likely to come sooner. But if its an absolute choice between funding for one and risking out-of-pocket financing for the other I would go for my retirement. Why? Because in my situation my kids will go to college during my peak income years so I will have a better chance of funding for the cost of education by simply adjusting my household exenses a bit. Retirement on the other hand, in my opinion, is a point of no return. Once the cashflow stops coming in, that’s it! If I need to work after retirement managing a small business or doing consultancy in order to survive (very different from those who do to these as a hobbies) then I guess I’m not retired. The last thing I want is to wake up one day on my 65th birtday and realize that I need to hurry because I’ll be late for work.

]]> By: Millionaire Acts http://www.save-and-learn.com/2009/03/10/birds-eye-view-part-2/comment-page-1/#comment-37 Millionaire Acts Wed, 01 Apr 2009 23:49:30 +0000 http://www.save-and-learn.com/?p=30#comment-37 Nice list! I think that among these financial plans, the best and the priority should be the educational plan. When you already finished planning for your children's future, then it will be all up to you. I believe for any married person that he/she lives for the purpose of his/her family. After your children have finished their education, then it's time for you to enjoy and relax thru a retirement fund. Have vacation trips abroad. Set time to ponder and thank God for all the blessings and graces... Nice list! I think that among these financial plans, the best and the priority should be the educational plan. When you already finished planning for your children’s future, then it will be all up to you. I believe for any married person that he/she lives for the purpose of his/her family.

After your children have finished their education, then it’s time for you to enjoy and relax thru a retirement fund. Have vacation trips abroad. Set time to ponder and thank God for all the blessings and graces…

]]> By: Drinnie http://www.save-and-learn.com/2009/03/10/birds-eye-view-part-2/comment-page-1/#comment-18 Drinnie Thu, 12 Mar 2009 06:07:59 +0000 http://www.save-and-learn.com/?p=30#comment-18 I am thinking of my special needs financial plan here since I am still young and surely would be a long way to go among the abovementioned other financial plans, he he.But these four financial plans are the among top priorities of every person who wants to put their money into a productive game plan in the near future! I am thinking of my special needs financial plan here since I am still young and surely would be a long way to go among the abovementioned other financial plans, he he.But these four financial plans are the among top priorities of every person who wants to put their money into a productive game plan in the near future!

]]> By: Roy http://www.save-and-learn.com/2009/03/10/birds-eye-view-part-2/comment-page-1/#comment-15 Roy Thu, 12 Mar 2009 04:04:22 +0000 http://www.save-and-learn.com/?p=30#comment-15 Any printer-friendly-version of your articles? I hope that the icon will soon be available in this blogsite. Thanks & more power! Any printer-friendly-version of your articles? I hope that the icon will soon be available in this blogsite. Thanks & more power!

]]> By: Edwin http://www.save-and-learn.com/2009/03/10/birds-eye-view-part-2/comment-page-1/#comment-14 Edwin Thu, 12 Mar 2009 01:06:24 +0000 http://www.save-and-learn.com/?p=30#comment-14 Thanks for the complement Eric. More power! Thanks for the complement Eric. More power!

]]> By: Edwin http://www.save-and-learn.com/2009/03/10/birds-eye-view-part-2/comment-page-1/#comment-13 Edwin Thu, 12 Mar 2009 01:05:29 +0000 http://www.save-and-learn.com/?p=30#comment-13 Thanks Allen! It's my pleasure. Thanks Allen! It’s my pleasure.

]]> By: Eric Hundin http://www.save-and-learn.com/2009/03/10/birds-eye-view-part-2/comment-page-1/#comment-7 Eric Hundin Wed, 11 Mar 2009 06:32:16 +0000 http://www.save-and-learn.com/?p=30#comment-7 I found your blog on MSN Search. Nice writing. I will check back to read more. Eric Hundin I found your blog on MSN Search. Nice writing. I will check back to read more.

Eric Hundin

]]> By: Allen Taylor http://www.save-and-learn.com/2009/03/10/birds-eye-view-part-2/comment-page-1/#comment-6 Allen Taylor Wed, 11 Mar 2009 06:15:18 +0000 http://www.save-and-learn.com/?p=30#comment-6 Nice writing. You are on my RSS reader now so I can read more from you down the road. Allen Taylor Nice writing. You are on my RSS reader now so I can read more from you down the road.

Allen Taylor

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