Achieving your life’s goals – the true focus of financial planning

Real focus for financial planning

Once you have a clear picture of the lifestyle you desire, the next step is determining how to finance it. This is where financial planning becomes essential.

Many individuals assume that financial planning revolves solely around pensions, investments, and life insurance, but that’s largely because the financial services industry wants you to believe that, as it helps them sell more products.

The Chartered Institute for Securities and Investments defines financial planning as:

“A professional service for individuals, their families and businesses, who require objective assistance in organising their finances to more readily achieve their financial and lifestyle objectives.”

At its core, financial planning is about ensuring you do not look back later in life with regret.

  • You don’t want to worry about leaving too little behind to support your loved ones.
  • You don’t want to realise you held on to your money for too long, missing out on experiences or delaying financial help for your children when they truly needed it.
  • And you don’t want to reach the end of your life having accumulated too much, only to realise you could have enjoyed more along the way.
  • I’ve come across websites promising a ‘financial plan’ after just a quick chat. But the reality is, a well-crafted financial plan takes careful analysis, detailed calculations, and realistic assumptions.

  • Good financial planning isn’t just about numbers – it’s about making sure your money helps you live the life you want, both now and in the future.

Want to see how well your financial planning is shaping up?

Take our quick two minute Financial Planning Scorecard and get an instant snapshot of your progress!

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