Financial planning is about mastering change and being proactive to secure the kind of future you want!
The Walton Financial Group in Barrie, Ontario is qualified to help you with a plan your financial future
Financial planning is about mastering change, and there are generally two types of plans: reactive and proactive.
Reactive financial plans are used when there has been a change in a person’s life and they need a solution, such as a change of jobs, divorce, when transitioning to retirement, commuting a pension, etc.
Proactive financial planning is about thinking about life and seeing what is possible. You’re looking ahead at how to maintain and enhance your lifestyle over your lifetime without the fear of ever running out of money, no matter what. Proactive planning is almost always a work in progress, because life happens, and people’s needs and wants change. The important thing is to have a planning model you can access at any time to help you make important financial and lifestyle decisions.
- Peace of mind. It gives you an understanding of where you are today and where you are going. You have the opportunity to ask: “Are you going to have enough or too much money?”
- Financial security. You can learn what you need to do to secure your future.
- Take less risk. Find out if you are taking any unnecessary risks to maintain your lifestyle.
- Setting a finish line. A personalized financial plan is about knowing how much money you need.
- Less guilt. Without a clear understanding of your financial future, you can feel guilty spending money, taking your family out for dinner, or traveling.
- More time/choices. Make sound lifestyle and financial choices. A plan allows you to make decisions like retiring sooner, taking a less stressful job for a lower salary, or even starting your own business.
- Prioritizing what is important. Providing a real sense of purpose and motivation—your “why.” Find out what are you working so hard for.
When it comes to proactive planning and thinking, there are lots of simple software programs available, as well as people willing to run projections for you—but that is not really what planning is about. It’s about finding a “thinking partner” with whom you can share your life story, who will marry your story with your financial reality, giving you the opportunity to see how your life might unfold, and exploring the possibilities.
In our opinion, this is best done where you and a Certified Financial Planner build a plan together that you are comfortable with and that meets all your goals.
An annual financial plan just makes sense.
Reviewing your financial planning model annually, making adjustments, and checking assumptions, builds your confidence in the model and its outcomes, giving you more and more financial clarity, leading ultimately to financial freedom.
Call Walton Financial Group in Barrie, Ontario to schedule a meeting with one of our financial planners who will work with you to help chart a course for your future.
