What is Financial Planning?
Financial planning is not about money. It is the process of meeting your life goals through proper management of your finances which could include: buying a home, saving for a child’s education, planning for retirement, tax strategy, legacy planning and life events, etc.
There are 6 steps to help you take a “big picture” look at your finances to allow you to work out where you are now, what you may need in the future and what you must do to reach your goals.
This process involves gathering financial information, setting life goals, examining your current financial status and designing a strategy/plan for how you can meet your goals given your current and future plans.