Every investment planner has a different method that they used for coaching their clients. Richard DWayne Blair, founder of Wealth Solutions, is someone that believes in the three pillars of investing. He has been implementing this with a lot of clients over the years, and Blair believes that this is one of the best ways to plan for long-term financial success.
Starting with the basics in financial planning is key. It is going to be to your advantage to look at a layout for a road map to financial success before you start investing. You need to know how much you should invest and get an idea of what you should invest in. There also needs to be a timeline when it comes to investing. This is going to be the only way that you can make a decision on how well your investments are going to work. You can plan and adjust accordingly based on your income.
Richard Dwayne Blair believes that people should also be aware of the second pillar. This is a layout where you get involved in long-term strategy. People that are trying to retire are going to benefit from having a foreseeable method for investing 10, 20, 30 and 40 years down the road. Some people think that investing is something that they do for a certain time frame and they eventually get completely out of this. That is not how things work in the investment world.
It is going to be much better to look at your investment and get a better feel for building a solid portfolio when you invest, but this is not all that financial planning details. What Richard Wayne Blair believes is that people should also have insurance as part of their financial planning as well. He believes that there is a great need for more people to look at burial policies and create a better plan for how their body will be taken care of once they are deceased. This is all a part of long-term financial planning. Insurance needs for healthcare and burial are essential for all financial planning blueprints.