Most people believe financial planning is just for the rich; they are wrong, it is for everyone who has an income.
2. It’s early for me
Some people believe that they are too young for financial planning and think they have ample time to take financial planning seriously. In truth, the earlier you start, the more time your money has to grow.
Some people assume that financial planning is difficult, but trust me, it starts with simple steps, like tracking expenses and creating a basic budget.
3. It’s too complicated
4. I can do it later
The more you wait, the more you lose. Start small today, and your future self will thank you! Don’t let procrastination cost you.
5. One size fits all
People who are new believe that they can implement and copy what their friend or relative has done, but in reality, your goals, needs, and risk appetite are unique, so your plan should be too.
6. I can do it myself
Most investors believe that they can do it themselves, but working with an expert like Qualified Financial Advisor (QFA) can help you navigate complexities.