Even with the best intentions, many people struggle with their finances. From knowing how they should actually be paying for their home to being able to save for retirement, financial planning isn’t always black white.
In fact, in some situations, understanding how you should be saving in comparison to how you earn can be overwhelming, especially if you’re still paying on school loans. Regardless of whether you live in Queens or Dubai, enlisting the help of a financial mentor can get your finances on the right track.
Setting a Budget
It’s not always easy to determine how much money you really need to spend. Mentors, like Daniel Doyle Pleasantville NY, are masters at managing finances. A budget is set of expenses that’s followed through a given set of time, with most cases being a year. Budgeting can be one of the most difficult things a person can do.
From figuring out what needs to be paid to calculating every little figure, budgeting can take a long time. With a mentor like Dan Doyle at your side, however, the process will be shorter with more accurate results.
Cutting out Expenses
Cutting expenses sometimes means eliminating entertainment you enjoy. Not that you need to stop doing everything that makes you happy, however, when your hobbies are expensive, you might be better off finding something else you enjoy. For instance, photography is an excellent way to showcase your creativity and see the world in a different way. The best part is, you can do it for free.
All you need is your phone or camera to start shooting. No need for fancy equipment at first. If you do find that you’re good at it and want to learn even more, you can look for a mentor, like Daniel Doyle Pleasantville NY, to show you the ropes. Especially in a place like Queens, there’s never a shortage of interesting architectiure or street art to photograph.
Seeing the Big Picture
When it comes to creating a sound financial plan, you need to look at the bigger picture. Many time, overspending or spending money of things you don’t really need are because of another problem. Some people spend money out of habit while others overspend as a way to make themselves feel better.
The key to financial freedom is understanding why you’re spending money the way you do. Also, finding ways to feel happy without spending money is also important.
Final Thoughts
Mentors do more than show you to accomplish your goals. The right mentor also shows you how to live life on your terms. Whether it’s learning how to save money or shoot photography for a living, working with a mentor is a great place to start. Dan Doyle, a well-known mentor of photography, also knows that skills learned in mentoring also carry over into everyday living. For this reason alone, finding a mentor who can help you strategize your finances without sacrificing your current quality of life is always a win-win situation