Like in sports, there’s no state as forever unbeatable, personal finance has no such fixed state of absolute success. When we repay debt, we achieve success, but that’s not all. We then try to accumulate wealth. We try to reach a financial freedom. For some leaving a large estate or donation to a charity is the personal finance success measures. So, the circle of finance continues from worst to good to better. Alas, there is no state as the ‘Best’.

If you have surplus money, you sock it away in checking account, you earn some interest (negligible). When you sock it away in saving accounts, you earn some more interest from that deposit. When you rather invest your money you potentially earn a higher return from your investment. Fortunately and ironically no investment is best. One year stocks perform better, some other years, bonds perform better.

Let’s go through this guest post on investment planning. Previously we posted investment best practices, this is in the same line. In this post you’ll learn about the steps needed to plan for investment. Planning for investment is a simple task, if you go about it in a systematic way, as described in this post.

Building a successful investment plan requires foresight and research. If you’re interested in improving your financial outlook, there are several strategies you can take. Here are 10 recommendations that will help you on your journey to financial success.