Financial planning is misunderstood.
Ask consumers or brokers what financial planning means to them and the conversation steers toward the portfolio or a pitch for investment and insurance products.
“I asked for a financial plan – he gave me a brochure about long-term care insurance.” – Anonymous.
So, you’re considering holistic financial planning? I commend you.
Here Are The 10-Rules
Rule #1 – Take a holistic approach to every financial decision.
Money doesn’t exist in a vacuum; money is fungible.
Consider money concerns as a circle, or a wave. There’s a ripple effect to every decision you make on every facet of your financial picture.
Proper planning integrates every asset, liability and source of income along with your ability to save, invest, manage risk and debts.
How did you make