What Is Financial Life Planning & Why You Should Consider It
Are you looking to start planning your financial future? Many people know of the importance of financial planning when it comes to saving, investing, and so on. However, financial planning should entail more than simply finding ways to save up for retirement and long-term care--it should also help you to achieve your goals in life and to live your best life. And this is why financial life planning is so important. Here is some information about what financial life planning is and why you should consider it for yourself:
What Is Financial Life Planning?
Unlike traditional financial planning, which focuses solely on numbers and coming up with strategies for clients when it comes to budgeting, saving, investing, taxes, insurance, and so on; financial life planning focuses more on the personal aspects of one’s finances. Financial life planning addresses the “why” behind clients’ spending habits, financial mindsets, goals, money fears, and so on. Therefore, financial life planning is essentially a more holistic approach to financial planning, one that takes everything into account and that assesses clients’ financial situations and aspirations more thoroughly, and aims to help clients attain their goals and live their best lives.
Why Should You Consider Financial Life Planning?
There are many reasons why it’s a good idea to consider finding a financial advisor who specializes in financial life planning services rather than just traditional financial planning services. One of the main reasons to consider finding a financial life planner is because a financial life advisor doesn’t just focus on numbers and quantitative data and give advice/guidance based on that. A financial life planner tries to dig deeper and truly understand their clients’ financial habits, needs, goals, fears, and so on. This means that they will help to give you advice and guidance that will allow you to achieve the things you are wanting to achieve in your life and to come up with realistic strategies to help you meet your goals.
I'm Michael Rebischke, and as a wealth advisor, my job is to help you manage your financial affairs, and put a plan in place so you can focus on enjoying the life you want to life. As life continues to evolve, the impact of every financial decision is greater than ever. I work together with my clients, providing them with easy-to-understand recommendations, and helping them implement them every step of the way.