Financial Planning Explained

26 May 2020 | 11 mins read

If there is one word that explains financial planning, it must be “readiness”. Because that is what we want to achieve when we plan our finances, and that is what financial planning delivers.

 

The next thing we should want to know about financial planning is the what – what is it that we want to be ready for? And the following explains it all:

Future Financial Readiness

  • – Decide future needs to be ready for.
  • – Set target money for each future needs.
  • – Budget consumptions and allocate savings.
  • – Select suited device to invest in – with due consideration to risks inherent in both device and investor.
  • – Hedge against risks on target money, if it is not already a built-in feature of the device.

Eventuality Readiness

Contingency Readiness Includes

At IPA Advisory, we are the one-stop resource center for our clients to blossom their wishes and shape their legacy

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Knowing where to start

Starting out on a clean slate with financial planning can be a daunting one, but there is always somewhere to start if you feel hesitant to speak with a financial consultant before doing any research. More often than not, you would already have some form of insurance protection before you know it. Arm yourself with the right information and start your financial planning process right!

 

If you are ready to kick start your financial planning review, reach out to us for a conversation. 

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