FINP048 Financial advice is not the same for everyone (570 words)

Many people think that financial advice is only for the rich and famous. This article explains why this is not the case and focuses on the importance of having a strategy regardless of age, gender or circumstances.

Financial planning. That’s for people with lots of money to invest, isn’t it?

Not necessarily.

Sure, investment planning is an important part of financial planning, but underpinning the whole process of creating wealth in the first place is having a good financial strategy.

For many people that strategy is taking each day as it comes and letting the future look after itself; but in a complex and ever-changing world, isn’t a more active approach a good idea?

Each of us has specific needs and desires, of course, but there are a number of common challenges that we need to think about when developing our financial strategies.