EP01: Introducing the Five Ring Financial Plan

Do you know that 96 percent of the US population doesn’t save money? Income in most households goes directly to paying the bills and what's leftover for savings is often little to nothing. 

These statistics were released over 20 years ago, yet a recent survey by the American Association of Retired Persons or AARP confirms that it's still true.

If you identify yourself as part of that 96 percent now, know that it's not too late to make a change and move to the four percent of the people who decide to do something different and take charge of your financial future.

In this episode, discover the Five Ring Financial Plan as the blueprint you need to help you navigate life to make money work for you and not the other way around. 

Key points covered in this episode: 

✔️ Divorce, job loss, health crisis or the death of a partner — these are events you wish won't happen to anyone but can come at the most unexpected moments that leave people financially devastated.

✔️ Where are you at right now in your financial life? Avoid looking at other people as your yardstick to measure how you should be saving or investing your money and commit to your own targets that are ideal and achievable for you. 

✔️ It's never too late to change; if you're not saving, begin now. 

You can start from 2% until you're saving 40–50% of your income. When you're saving at that rate, you have the resources you need to reach financial freedom. Decide to commit and make yourself a future you can be proud of.

✔️ Where should your savings go? Into the bank, investments or insurance? Adopt the plan you need to achieve clarity and confidence. There's no better time to prepare than NOW and take control of your destiny.

About Felicia Gopaul, CFP

Ms Gopaul is a Money Confidence Catalyst and author of Amazon best-selling books "Preparing for the Five Ds: Divorce, Disability, Downsizing, Disasters, and Death" and "Local Business Mavericks - Volume 20: Insights & Innovation From Top Local Business Owners, Professionals & Community Leaders."

She is also a speaker and Certified Financial Planner Ambassador (only one of 50 people in the United States). She teaches accomplished, successful and educated women to heal their money mistakes, rebuild their wealth, and ultimately reclaim their power. 

Her business, Financial Control Mastery, teaches women to honor themselves through their money and actions. Know more and visit www.FinancialControlMastery.com