Business
When it comes to financial planning, many people’s “plan” is “pay my bills, buy things I want, try to save some.” This isn’t a financial plan, and if you aim at nothing, you’ll hit it every time. Can people achieve financial success without a specific financial plan? Sure, but having a financial plan enhances your chances of success.You can have a budget, but a financial plan also takes into account all the “life” that happens along the way: births, deaths, job changes, retirements, etc. It also takes into account your goals and dreams - it’s not just about having the biggest pile of cash possible when you retire. Want to travel? The time to do that might be before you retire, and having a financial plan can ensure you can enjoy life both before and after retirement. If you’d like to create a financial plan, free of charge, please contact me at mike.wegener@raymondjames.com.