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A series designed to help all the new people flooding into & entering Crypto/Investments daily who get thrown into the rabbit hole so to speak and everything is new to them.  

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#### Bitshares 101 Focus/Resources Section for New Crypto Folks now included near the end of each post - starting just prior to Christmas 2017.  BTS is a Decentralized Exchange and much more.   Very undervalued! 

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*It is a TLDR / Short Form Series, covering ONLY one thing each episode in blue collar, easy to understand language to give a SHORT OVERVIEW of the term or lesson of the day.*

It is *specifically* designed this way to keep it short and simple.  

People can then search out extra info if they wish.

I've never seen a regular series or resource running on Steemit to continually address this basic need so I decided to do it.  

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## TERM OF THE DAY:

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## What is.... 

####  '  Financial Plan ' ?

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A financial plan is a comprehensive evaluation of an investor's current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. Most individuals work in conjunction with a financial planner and use current net worth, tax liabilities, asset allocation, and future retirement and estate plans in developing financial plans. These metrics are used along with estimates of asset growth to determine if a person's financial goals can be met in the future, or what steps need to be taken to ensure that they are.



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## Breaking Down... 

####  ' Financial Plan  ' :

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Financial plans don't have a specific template, though most licensed professionals include knowledge and considerations of the client's future life goals, future wealth transfer plans and future expense levels. Extrapolated asset values determine whether the client has sufficient funds to meet future needs. A good financial plan can alert an investor to changes that must be made to ensure a smooth transition through life's financial phases, such as decreasing spending or changing asset allocation. Financial plans should also be fluid, with occasional updates when financial changes occur.


### Elements of a Financial Plan

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• Financial goals: A financial plan is based on an individual's or a family's clearly defined financial goals, including funding a college education for the children, buying a larger home, starting a business, retiring on time or leaving a legacy. Financial goals should be quantified and set to milestones for tracking.

• Personal net worth statement: A snapshot of assets and liabilities serves as a benchmark for measuring progress towards financial goals.

• Cash flow analysis: An income and spending plan determines how much can be set aside for debt repayment, savings and investing each month.

• Retirement strategy: The plan should include a strategy for achieving retirement independent of other financial priorities. The plan should include a strategy for accumulating the required retirement capital and its planned lifetime distribution.

• Comprehensive risk management plan: Identify all risk exposures and provide the necessary coverage to protect the family and its assets against financial loss. The risk management plan includes a full review of life and disability insurance, personal liability coverage, property and casualty coverage, and catastrophic coverage.

• Long-term investment plan: Include a customized asset allocation strategy based on specific investment objectives and a risk profile. This investment plan sets guidelines for selecting, buying and selling investments and establishing benchmarks for performance review.

• Tax reduction strategy: Identify ways to minimize taxes on personal income to the extent permissible by the tax code. The strategy should include identification of tax-favored investment vehicles that can reduce taxation of investment income.

• Estate plan: Create arrangements for the preservation and distribution of assets with attention to minimizing settlement costs and taxes. Review and update estate panning instruments, such as wills, inter-vivos trusts, power of attorney, medical directives, and marital trusts.



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Your Friend in Liberty, Barry.  

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### Trading Candle Cheat Sheet: 

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![](https://steemitimages.com/DQmNt9DMeZvh8LbWJpR2RAnTA11e51A9W2EB5xuv2cpuYQu/image.png)


###### [Further Reading/Source/Resources](https://www.investopedia.com)


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### Friend of the People -- Enemy of the State. 

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https://i.imgur.com/iHrKXYo.jpg

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## Bitshares 101 Focus/Resources Section: 

#### for New Crypto Folks. 

##### https://bitshares.org/

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![](https://steemitimages.com/DQmbue1DC4HAwzemUCBXLHdJcCg9jS1aTM8MWS2GNbvFX7b/image.png)

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-- Bitshares is a Trading platform, and a LOT more.... designed by blockchain wizard here Dan Larimer - @dan / @dantheman.

I've blogged on him, and BTS many many times.  

It's a place you can use that is decentralized, with an active community, to use trading lessons like this, that we are learning together.  


#### Just a few of my past $BTS blogs....

##### to help you apply lessons today!

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https://steemit.com/bitshares/@barrydutton/crypto-101-series-stan-larimer-the-godfather-of-bitshares-and-father-of-blockchain-liberty-genius-dan-larimer-interview-recently

https://steemit.com/bitshares/@barrydutton/will-blockchain-guru-dan-larimer-be-called-in-to-save-ethereum-as-crypto-kitties-grinds-eth-chain-to-a-halt-the-irony

https://steemit.com/cryptocurrency/@barrydutton/dan-larimer-video-interview-on-epicenter-recently-this-is-a-must-watch-listen-an-in-depth-look-chat-about-his-past-crypto-life

https://steemit.com/steemit/@barrydutton/dan-larimer-community-musical-tribute-post-a-music-video-to-say-thanks-and-best-wishes-to-our-steemit-co-founder

https://steemkr.com/bitshares/@barrydutton/so-tether-project-was-hacked-another-use-case-for-bitshares-and-dan-larimer-blockchain-genius-which-remains-undervalued-and


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Thanks for reading, have a nice day.      

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###### PixaBay has tons of free pictures for us all to use!!!     

###### Super Easy/Fast Picture Edits / Resizing at: http://www.picresize.com/ and also https://www298.lunapic.com/editor/    



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http://i.imgur.com/68SXQpW.gif

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#### If you liked this blog post - please Resteem it and share good content with others!

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### Some of my recent blogs: 

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https://steemit.com/bitcoin/@barrydutton/crypto-101-video-37-mins-tone-vays-former-wall-st-trader-show-or-bitcoin-brief-coinfloor-huawei-u-s-congress-and-bithumb-and

https://steemit.com/gold/@barrydutton/38nz4o-steemit-gold-silver-report-how-will-trump-s-steel-tariffs-impact-base-metals-prices-jeff-christian-cpm-group-manager-video-6

https://steemit.com/curation/@barrydutton/the-steemu-asks-what-are-you-blogging-about-today-or-e-63-or-drop-your-links-and-ideas-here-like-mad-pictures-thoughts-ideas-etc

https://steemit.com/gold/@barrydutton/steemit-gold-silver-report-this-is-what-one-mining-ceo-thinks-could-happen-to-silver-or-video-3-mins

https://steemit.com/crypto-news/@barrydutton/7r1sbi-binance-exchange-has-just-announced-binance-chain-they-continue-to-evolve-and-serve-the-crypto-sphere-will-they-use-graphene-as

https://steemit.com/dash/@barrydutton/crypto-101-or-how-to-get-started-with-a-digital-currency-video-5-mins




Most Images: Gif's - via Giphy.com , Funny or Die.com / Pixabay.  Today: 

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##### <center>If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.

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LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE  

EOS (EOS)   -   0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0

Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477

Ethereum Classic (ETC)  - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c

Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX

DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS

PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh

Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv  

ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL              

 

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##### Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone.  I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.   

###### This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.

###### I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.                                                          

###### Carry On.                                                                                            

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