“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” —Robert Kiyosaki

Not only is this one of my favorite quotes, but it’s also one that I often share with my clients when the discussion of money surfaces. We all have various means of managing our money matters. We all know the benefits of saving and investing, short and long-term. Proactive financial planning will also create options for personal investment, self-enrichment and empire building.

Many of us have big dreams, but unfortunately just as many have small wallets. The lack of access to financial resources can hamper even the most promising dreams. This article will explore how savvy financial planning can impact your career aspirations, and how seasoned advice can help make them all a reality.

Save 10% Of Your Paycheck

It’s recommended that you save at least 10% of each paycheck. These savings could be a few hundred dollars depending on your salary and how often you get paid. It could be a handful of bills if you work in hospitality and are receiving additional tips for your services. 10% is a reasonable number to work with, because it’s easily calculable, consistent, and you’ll likely not miss it once it’s deducted. As you progress in your career, consider increasing this percentage by 1-2% each year.

If your compensation package includes growth and promotional pay raises, you will likely not notice the deductions. Consider these savings to be an emergency fund, which can come in handy if for example you are injured, don’t have insurance and can’t work. If you need to take unpaid time off to discreetly undertake coveted job interviews, or if work is slow for a period of time and you are subjected to a temporary layoff. If you run your own business, these savings can make a difference in your ability to serve your customers effectively. Find the best interest rate for your savings, and place any monies earned in investment vehicles worthy of long-term investment Your financial planning will thank you.

Hit Those Targets

Many businesses will offer an incentive in the form of a year-end bonus, but only if you hit your sales targets and in some cases, surpass them. If your employer offers this opportunity, it’s essential that your work performance be a top priority. Performance-based compensation will require you to focus on your clients and their needs, more diligently than your personal feeling about them. Even the difficult ones!

There is usually always a way to hit your performance goals, whether that’s through collaborative and motivational team effort, to complete overhauls of your working methodology. Explore all possibilities. Making use of these incentives helps add to your funding, which you can then invest now or save for the future.

Hire An Accountant

If you have the means, hire a personal accountant. They are often worth their weight in gold and can help with both financial advice as well as accounting services. If you’re someone who is trying to build a home, oversee a project or simply committed to submitting accurate tax information for your side business, this investment is more than worth it. If you work from home, you might be able to claim specific tax exemptions that can help your daily operational funding long term. Creating wealth is primarily contingent upon making wise decisions about earnings and expenditures, and a qualified accountant can surely help assist you with these goals.

These tips should help with your financial planning, which will enable you to be in control of the fantastic future that you desire to have.

*Collaborative post