The term βfinancial planβ can be pretty vague, and depending on whoβs doing the talking, they could be talking about wildly different things. So when we talk about a βpersonal financial planβ, what are we talking about?Β While for some people, the first thing that comes to mind is budgeting, for others itβs what they need to do over the medium and long-term to hit certain goals.
So, we wonβt tell you to spend less on the things you enjoy. You can save as much or as little as you wish. Weβre more of a crystal ball company, showing you exactly what you need to do on a monthly basis so you can hit retirement with an income that makes sense for you. We hope youβll take advantage of this rare insight to make the financial decisions that will make you happiest.
The three critical components of a financial plan areΒ InvestingΒ (the amount youβre putting aside to reach your goal, where to put it and how to invest it),Β InsuranceΒ (to make sure your goal is reached no matter what happens to you) andΒ BorrowingΒ (being super efficient with your debt and mortgages so that thereβs more in your pocket when allβs said and done).
These three domains have been separate traditionally, but by bringing them together, and optimizing them with each other, youβre setting yourself up for the best possible outcome to truly understand your financial situation. If youβre curious about some of the underlying principles and assumptions of our financial planning engine, you canΒ read about them here.
Our unifying company principle is to always do whatβs in the absolute best interest of our client, and we make sure thatβs a measure that weβre held to inside and out. While there are a lot of different paths a person can take with regards to planning their financial future, we believe that ours will serve you best.
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