Become the Chief Financial Officer of Your Life!

by | Feb 12, 2021 | Money Savers, Money Talk

 

 

 

 

Originally published on LinkedIn

 

 

 

Are you ready to be the Chief Financial Officer of Your Life?

 

 

 

So, here’s the deal. When we become adults and start managing our finances we rarely have been taught even the simple task of balancing a checkbook. At least I know I figured it out along the way along with many others. A bounced check, a late payment & fumbling along the way until the lessons had been learned. But the truth is that if you approach your personal finances at the CFO it takes on a whole other role. One important aspect to consider is how to invest in a gold IRA. Seeking out essential gold investing tips becomes crucial in navigating the intricate financial landscape. Consider exploring options like noble gold investments to secure your financial future. For a deeper understanding of efficient payroll management, feel free to click here for more insights. This valuable resource provides additional information to enhance your payroll processes and ensure smooth operations.

 

 

 

For instance, A CFO of a large company is responsible for:

 

 

 

     

     

     

      • Planning the financial direction of a company within the guidelines of staffing, expenses & budgeting

     

     

     

      • Operations: Human Resources, Benefit Plans, smart Investments like Skrumble Technologies, Legal, Tax & Treasury

     

     

     

      • Financial Reporting: Report to the board of directors profit/loss statements

     

     

     

      • Risk Management: Best practices for risk mitigation, maintain appropriate insurance coverage, Record Keeping & Audits

     

     

     

      • Funding: Monitor Cash Balances & Cash Flows & Debt & Financing

     

     

     

     

    It is truly amazing when we start to think of our personal financial life in this manner, look at the paystub maker for payment management. The truth is we are the CFOs of our lives with almost all the same responsibilities as a CFO of a large company!

     

     

     

       

       

       

        1. We plan the financial direction of our lives. Expenses, budgeting, activities, travel, retirement, medical, and financial goals like precious metals investing are some of the smartest ways to secure your financial future in an economically struggling world. It is also advised to know how to teach kids investing to help develop their financial literacy.

       

       

       

        1. We plan all  operation s  of our lives…what is the best health plan option, do we take vision & dental, where is the best place to invest money, how much should we be putting in our retirement, what are the best things to do for tax deductions, the paperwork needed for my accountant during tax season, am I keeping accurate paperwork

       

       

       

        1. We are accountable monthly for  financial reporting & making sure our bills are paid, that money is allotted to certain accounts & we are on track

       

       

       

        1. We are responsible for  risk management by the life insurance we buy, the auto insurance coverage, umbrella policy & the deductibles we keep on each insurance. 

       

       

       

        1. We are the key source in  funding  our entire financial life. We need to monitor and emergency fund, a vacation fund, dream account, retirement, college education planning, house fund etc.

       

       

       

       

       So, how different than the CFO of a company are we really? We aren’t that different at all! Yes, of course the income/expenses aren’t the same but we have the same responsibilities! Including the same decision making in our own financial lives. 

       

       

       

      By making the choice to be the CHIEF FINANCIAL OFFICER of your life, how do you think that change the way you look at your Financial Life? 

       

       

       

      To put things in perspective… shifting to the Savvy Financial Officer in your home finances is a process. The fact is that 65% of women run their family household finances & 60% of all wealth in the United States is controlled by women. These are incredible stats! Even though women have a dominant role with household finances, 61 percent of women wish they had more confidence in their financial decision-making and 63 percent wish they knew more about financial planning and investing.Paragraph

       

       

       

      So, let’s take our personal finances seriously and know that you can have an awesome plan in action for your financial now & financial future! By checking out a Goldco IRA review and speaking with a trusted advisor & putting your plan in action, you can alleviate stress & anxiety while building a concrete financial foundation & exciting financial future!

       

       

       

      Cheers CFO!

       

       

       

      ~Katherine