What is financial planning?
Financial Planning might sound like something for the wealthy, but in reality it is something we should all be doing, regardless of our current financial position if we are to make the most of our lives.
In its most simple sense, Financial Planning involves working out what is most important to you in life: your goals. Then, by adding timescales and costs, you can work out how to get where you want to be in life by planning your finances accordingly.
Financial Planning is also the process of developing strategies to help you manage your financial affairs so you can build wealth, enjoy life and achieve financial security. Whether this is taking some simple steps yourself or seeking professional help, Financial Planning is an effective way of ensuring you are fulfilling your life ambitions without having to worry about your finances.
By matching your finances to your goals you will be in control, reduce stress and have a much clearer view of where you are going.
What is a Financial Planner?
The role of a qualified professional Financial Planner is to look at all aspects of your lifestyle, goals and requirements and develop a financial strategy suitable for you.
This will include preparation of a lifetime cashflow forecast using state of the art software, Prestwood Truth.
This builds a picture of what your long term financial future might look like using information that you provide about your income and expenditure now and what you will need in the future to maintain your lifestyle.