Common misconceptions about financial planning
With the right tools, you can start planning for your life goals now
Everyday Stewardship
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Financial planning can help you look at the big picture of your finances, get you organized and assist you in setting realistic goals for your future while incorporating your faith values. But it can feel overwhelming to get started. Here are five common misconceptions about financial planning you should keep in mind when considering hiring an advisor.
Financial planning is a quick fix.
Financial planning isn’t just a “plan,” it’s an ongoing process. Since life is in constant motion and things happen that impact your financial situation, we focus on being a decision partner to help you make wise choices in pursuit of your goals.
Financial planning is only for retirement.
There are, in fact, seven areas financial planning covers: Cash flow (budgeting), insurance analysis, tax planning, estate planning, retirement planning, investments, and charitable giving.
Financial planners have an agenda.
We don’t require an investment or insurance relationship to engage in planning. Most companies view planning as a “means to an end,” only serving to generate investment or insurance business.
Financial planning is only for the wealthy.
Financial planning is for everyone – there are no minimum net worth or salary requirements to work with us.
Financial planning doesn’t consider my faith values.
Our primary goal is to align your values and life mission with your financial decisions, so we can help you gain confidence about your financial future. Once you’ve gained that confidence, it could give you the peace of mind to give to the people, causes and organizations that you care about. This is how we change the world!
Financial planning is a quick fix.
Financial planning isn’t just a “plan,” it’s an ongoing process. Since life is in constant motion and things happen that impact your financial situation, we focus on being a decision partner to help you make wise choices in pursuit of your goals.
Financial planning is only for retirement.
There are, in fact, seven areas financial planning covers: Cash flow (budgeting), insurance analysis, tax planning, estate planning, retirement planning, investments, and charitable giving.
Financial planners have an agenda.
We don’t require an investment or insurance relationship to engage in planning. Most companies view planning as a “means to an end,” only serving to generate investment or insurance business.
Financial planning is only for the wealthy.
Financial planning is for everyone – there are no minimum net worth or salary requirements to work with us.
Financial planning doesn’t consider my faith values.
Our primary goal is to align your values and life mission with your financial decisions, so we can help you gain confidence about your financial future. Once you’ve gained that confidence, it could give you the peace of mind to give to the people, causes and organizations that you care about. This is how we change the world!