Creating a robust financial plan is key to securing your financial future and it’s not that hard to do.

Here’s how:

  1. Start thinking about “your number”. That number is the amount of money you believe you’ll need when it’s time to stop working. Then add 10% or 20% if you’re feeling bold. That’s the number you’re working towards.
  2. Seek professional advice. There are lots of different ways to “grow” money, but seeking professional advice on how to do this – to match your needs – is incredibly valuable. Some of the things to consider are the time you have to achieve your goal, the risk factor that you’re comfortable with, the diversity of investing that interests you, the returns you’re hoping for, if you would have a need to liquidate on short notice, etc. These are some of the areas that a financial planner can help you explore.
  3. Take action. Put your plan into place. Start investing, become a sponge and learn all you can about your investment strategy and options. Make it happen.
  4. Monitor and review. A financial plan is a great starting place but it’s not just a “set and forget” type of thing. You need to monitor, review and make sure it’s working for you. If it needs adjusting, adjust it. If something needs to change, seek professional advice and come up with a strategy to change it.

Your financial plan should be a living, breathing document that is nurtured and respected. This is what is going to give you security in the future.

We’d love to help you create your plan to grow financial security.

 

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