Financial Planning is the art and science of marshaling financial resources to meet financial goals and objectives. Or as I like to say, "If a person does the right things financially, then they should experience good financial outcomes"
As financial planners, we have two jobs. One job is as a financial counselor where we counsel individuals to make good financial choices so they can begin to accumulate wealth. Then, once someone is on the path to wealth accumulation, our job turns more into that of a Risk Manager - to help grow and protect your wealth, and in protecting and defending your wealth - help make sure that the person saving for their financial future doesn't have their future goals unmet because of unexpected events.
Getting on the path to wealth accumulation ... AKA learning to save. Any average person can accumulate enough wealth to retire comfortably at a reasonable age. Slow and steady wins the race. Learning to save is all about learning to live within one's means. For the Financial Planner, our role is more to coach an individual about the good habits that make one able to live within a budget. There are ratios and rules to live by. One of our first posts on Financial Planning will be on Budgeting - So you Can Save.
As we go through the Financial Planning Education Series we will focus on the Main life stages for individuals within financial planning
We will Also cover different topics in the Main Financial Planning areas.
I hope you all will follow along in this journey.
Best Regards,
Kevin Spires, CFA, FRM
As financial planners, we have two jobs. One job is as a financial counselor where we counsel individuals to make good financial choices so they can begin to accumulate wealth. Then, once someone is on the path to wealth accumulation, our job turns more into that of a Risk Manager - to help grow and protect your wealth, and in protecting and defending your wealth - help make sure that the person saving for their financial future doesn't have their future goals unmet because of unexpected events.
Getting on the path to wealth accumulation ... AKA learning to save. Any average person can accumulate enough wealth to retire comfortably at a reasonable age. Slow and steady wins the race. Learning to save is all about learning to live within one's means. For the Financial Planner, our role is more to coach an individual about the good habits that make one able to live within a budget. There are ratios and rules to live by. One of our first posts on Financial Planning will be on Budgeting - So you Can Save.
As we go through the Financial Planning Education Series we will focus on the Main life stages for individuals within financial planning
- Early Adult (18- Marriage)
- Adult
- Family Formation (25-35 years old)
- Family Maturity (35-50 years old)
- Pre-Retirement Age (50+ to retirement)
- Post Retirement Age
We will Also cover different topics in the Main Financial Planning areas.
- Investment Planning
- Retirement & Benefits Planning
- Insurance and Risk Management
- Estate Planning
- Tax Planning
I hope you all will follow along in this journey.
Best Regards,
Kevin Spires, CFA, FRM
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