It All Starts With A Solid Plan
April 18, 2017Building Your Future
Imagine yourself on a back-packing trip. You find yourself hiking through the woods on a bright spring day with four friends in tow, joking with each other about who would need the first break. You weren’t paying particular attention to the trail markings or following a designated leader. It wasn’t long before you all realize that somewhere along the line you had made a wrong turn. Although frustrated because you had wasted an hour, traveling on the wrong path, you were soon glad to be back on the right path.
This is often how we go about making a financial plan. We simply start out hoping for continued good health, ongoing employment and rising stock markets that will lead to financial security. However, protecting your family, securing your retirement, leaving a legacy or giving back to your church or favourite charity, typically doesn’t happen without a solid financial plan.
A recent study, performed by the Financial Planning Standards Council found that, “Canadians who engage in comprehensive financial planning, report significantly higher levels of financial and emotional well-being than those who do no planning or limited planning.” It also noted that, “Those with comprehensive plans feel their financial goals and retirement plans are more on track, their ability to save has improved in the past five years and they are more confident they can handle the inevitable bumps in life.”[i]
Preparing a financial plan starts with understanding your financial objectives and concerns. Next, your financial advisor will help you gather information and analyze your situation to develop customized strategies and options that will help you protect your financial future and optimize ways to give back to your church or favourite charity.
A trusted financial advisor helps you protect against setbacks and create a short and long-term plan. This guidance is based on your needs and preferences so that you end up where you want to – prepared for unexpected life events, education costs, retirement and more… so you can feel confident about your finances.
FaithLife Financial helps Christians blend faith and finances through holistic financial planning resources. Our advice is based on five Financial Principles.
In the coming months, we will be walking through the Financial Principles to identify what you need to know about having a solid plan to protect your family’s financial future.
As we begin this journey together, FaithLife Financial would like to offer you a book called Your New Money Mindset, which you can order through our website. This isn’t just another book about managing finances. It doesn’t have tips for budgeting. It doesn’t talk about managing credit. It also doesn’t give advice on how to invest your money for the future.
So what does it offer? It offers a fresh perspective about how to have a healthy relationship with money – guiding us into a new way of thinking about the role money plays in our lives. Living with this new money mindset means each of us can decide we have enough for ourselves and enough to share, regardless of our income.
We trust you will enjoy reading Your New Money Mindset. You are also invited to visit faithlifefinancial.ca to learn more about how you can be wise with money and live generously.
FaithLife Financial is a financial services organization that helps you to be wise with money and live generously.