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The Power of Planning in Personal Finance and Investing - Andrew Baxter

Planning is a fundamental aspect of both personal and financial success. By creating time and space to respond rather than react, you can make informed and controlled decisions. This article explores the significance of planning, especially in financial and investing contexts.

Why Planning Matter
Effective planning allows you to manage your time and resources better. It reduces stress and gives you a clear path to follow. In financial terms, planning helps you save money and avoid last-minute, costly decisions.

Example: Travel Planning
Consider a simple example of planning a trip. If you book your flight and hotel well in advance, you save money and ensure availability. Last-minute planning often results in higher costs and limited options. The same principle applies to investing and financial planning.

https://moneyandinvesting.com.....au/blog/personal-fin

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