A financial plan is the blue print of your financial life
Once a financial plan is complete, assets and investments are given an objective, goal, time horizon and need
We all make plans and promises: to wake up early, to exercise, spend more time with family, to donate… Shouldn’t your money, too, be a part of this? It should, because many of the goals that one makes are likely to be connected to money—buying a home, starting a business, saving for your children’s college education, taking a dream vacation and retiring comfortably to name a few. Having a financial plan helps give shape to these goals. A financial plan is like a blue print of a person’s financial life. It is the direction that one needs to take to meet some goals.