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How Exchange-Traded Funds Can Add to Your Portfolio
Exchange-traded funds, or ETFs, are investment funds that track the performance of an index, commodity, sector,…
Does Movement on the Stock Market Make Us Anxious?
There’s a scene in The Wolf of Wall Street where Matthew McConaughey’s character gives Leonardo DiCaprio’s…
3 min read
Asset Allocation vs. Diversification: Differences and Importance
If you’ve ever explored the world of investing, you’ve likely encountered the terms asset allocation and…
2 min read
What is Health Insurance Scoring and Ranking?
Choosing the right health insurance plan is crucial for safeguarding your financial well-being against unforeseen medical…
What’s Age Got to Do with It?
Money choices, and more specifically investment patterns, are determined by several aspects of our life and…
2 min read
Key Benefits of Investing in ETFs
Exchange-Traded Funds (ETFs) offer investors a unique blend of diversification and ease of trading. They function…
The Tricky Ease of Buy Now, Pay Later Schemes
In a time when the accumulation of commodities has become the norm, it’s easy to believe…
Why We’re Bad at Sticking to a Budget
It’s almost the end of the month and your credit card bill lands in your inbox.…
How to Invest to Combat Inflation
Inflation is a pervasive but regular economic occurrence that weakens purchasing power. It causes concern among…
How Do I Set Up an Emergency Fund?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
How We’re Keeping Your Data Safe
There’s growing discourse around data privacy and security across the world — and for good reason.…
The Treasures We Hold Close
How do you ascribe value to an object? Is it how much money it cost? Or…
Discover your MoneySign®
Identify the personality traits and behavioural patterns that shape your financial choices.
Frequently Asked Questions
What is financial planning?
Financial planning is the process of evaluating your current finances and making a plan to map your journey to financial well-being.
It involves looking at all aspects of your financial life - income, savings, debt, investments, etc.
The aim is to understand where you stand today financially and then chart a course to get you where you want to be in the long run.
Financial planning provides direction and structure to your finances. It helps you intentionally move toward financial wellness.
The plan equips you to prepare for expected life events like retirement as well as unexpected events.
In short, financial planning bridges your present circumstances to your desired financial future. It gives you a path to follow.
What are the benefits of working with a financial advisor?
Working with a financial advisor can provide an invaluable perspective on your current situation. With the help of a financial advisor, you can assess your finances holistically - debts, assets, income streams, and more. With this comprehensive understanding, the advisor helps craft strategies tailored to your needs.
A financial plan crafted by a qualified advisor grants you agency over your financial life. It transforms vague anxiety about the future into proactive preparation. With expert guidance, you can map out actionable steps to strengthen your finances over time.
Why is financial planning important?
Financial planning is important because it provides clarity and control over your finances.
Having a financial plan helps you:
- Understand where you stand financially today
- Map out specific steps to improve your financial situation
- Prepare for major life events like marriage, child’s education, retirement etc.
- Budget effectively and evaluate your investment portfolio
- Strategic Tax Planning & Filing
- Manage and reduce debt
- Being financially ready for emergencies
- Creating a will to preserve your legacy
In short, financial planning is essential for financial stability and peace of mind. It gives your finances direction and purpose. With proper planning, you can take charge of your money and build financial security.
