Money Instructor Home Basic Money Skills Lessons Earning and Spending Money Lessons Saving and Investing Money Lessons Interactive Money Lessons Suggestions and Requests

PERSONAL FINANCIAL PLANNING INVESTING STOCKS STRATEGY BASIC MUTUAL FUNDS BEGINNING PRINCIPLES INFORMATION INVESTOR 101 LEARNING INVESTMENT TYPES PERSONAL FINANCE GUIDE ADVICE IDEAS FREE EDUCATION ARTICLE

 

 

Learn about personal financial planning.
 

FINANCIAL PLANNERS - HOW CAN THEY HELP YOU?

 

What is Personal Financial Planning?

Before gaining knowledge on how can financial planners help you reach your financial goals, you need to understand what is meant by personal financial planning.

 

In order to achieve your financial goals, you need a plan just as a start-up requires a business plan to raise capital and succeed in business.

 

 

 

 
A FINANCIAL PLAN

 

A personal financial plan is a vision of your financial future. There are various complex aspects of your total financial picture such as estate taxes, education funds for your children, income taxes that need to be considered in totality without losing sight of your goals.

 

Personal financial planning focuses on you as an individual – bringing together all the financial and psychological factors that have an impact on your life.

 

WHAT DO PROFESSIONAL FINANCIAL PLANNERS DO?

 

A true practitioner of personal financial planning would follow the steps specified below in order to assist you in achieving your financial goals:

  • Helps you assess you current financial situation by collecting and evaluating all financial data relating to you.
  • If you are in a financial mess, the planner helps you to free yourself from it.
  • Helps you to identify financial and personal goals. The idea here is to align the two.
  • Helps you to identify financial problems that could be barriers to your achieving your financial goals.
  • Provides you with written recommendations and alternative solutions.
  • Assists you to implement the right strategy to help you achieve your financial and personal goals.

  • Reviews your plan periodically and makes recommendations of any changes to be made in your strategy to achieve your financial goals.

 

How do you know whether or not you require a financial planner? Ask yourself the following questions to determine whether or not you need a financial planner:

  • Do you have the time to attend to your financial affairs?
  • Are you looking for definitive direction in your financial affairs given the conflicting advice that you have been receiving from various sources?
  • Do you have a problem with saving money?
  • Are you finding it difficult to make ends meet?
  • Do you feel you are paying too much tax?
  • Has there been a major change such as addition to the family, job loss, inheritance, loss of spouse that could affect your financial future?

 

 

For teaching and learning about investing:

Teaching Investing Lessons
Teach and learn basic investing and financial concepts, including stocks, the stock market, interest, income statements. Lessons, lesson plans, and worksheets.

 

 

 

  

Back to more information on investing

 

 

More money and personal finance information

 

To teach and learn more money skills, personal finance, and money management, please go to the Money Instructor home page.
 
 

Personal Financial Planning Information Investing - Teaching student investing basics Teachers - High School Students - Secondary education - Adults Course - Teens - Teenagers - Kids - Children - Help - Practical Curriculum Thematic Unit - Dummy - Wealth Classroom - Financial Planning Top Index Fund Investing for Stocks and Mutual Funds

© 2002-2005 Money Instructor