Introduction To Financial Planning

Financial planning is the process of quantifying what it is we are attempting to accomplish financially during our lifetimes. It is an integral part of "wealth" planning as "wealth" is the culmination and combination of various segments of our lives that combine to provide meaning and fulfillment. Financial wealth allows us the opportunity to live a healthy and happy life whereby we control our time which allows us to place emphasis on items that lead to meaning. That meaning could be various things to different people but most often include, health, family, passions, joys, accomplishments, religion/spirituality, and our relationship with those things around us.

Financial wealth provides resources that aid in the pursuit of a fulfilling life. It could provide the financial means to support for superior healthcare, sharing with children, purchasing items that make our lives easier. But most importantly, financial wealth, if used properly, allows us to control our most precious commodity; time. When we control our time we can better control all aspects of ourselves.

Financial planning assist us in answering the following questions;

Once we know what it is SPECIFICALLY that we want to accomplish, we could move on to figuring out what steps need to be taken to accomplish our goals and objectives.