Financial Planning Home

Financial Planning Overview

Financial planning is the art of managing yours or someone else's money. It is more than finding and investing in a stock or mutual fund, and waiting for profits to come. In essence, it includes, but not limited to the following aspects;

Therefore, comprehensive financial planning should include the following 6 aspects:


6 Steps to a successful Financial Planning

A successful financial planning process should include the following six distinct steps:

  1. Collect Financial Data
  2. Identify Financial Goals
  3. Identify Financial Constraints
  4. Develop Financial Plan
  5. Implement and Review Financial Plan
  6. Tax Planning - This will be covered thoroughly in Income Tax section
A good financial plan will include achievable goals, reasonable asset allocation, and diversified portfolio approach.
About Us | Site Map | Privacy Policy | Contact Us | ©2008-2018