Five Ways in which you can Benefit from the Services of a Financial Planner
There are at least five ways in which you can benefit from the services of a financial planner. As the name suggests, the financial planner is a professional who helps people identify/formulate their financial goals, and then make plans towards the attainment of those goals. Consequently, the five ways in which you can benefit from the services of a financial planner include where:
1. The planner helps you in making an accurate assessment of your current financial position: the truth of the matter is that many of us have no idea where we actually are, in our financial lives. We don’t have a clear picture with respect to what we own, in terms of assets, and what we owe in terms of liabilities. You will be surprised to learn that there are many people who don’t even have a clear picture on what they earn (from their various channels). The end result of all that is the situation where a person’s financial life runs on ‘autopilot.’ And that tends to lead to a situation where a person earns money, and somehow it ‘disappears,’ and somehow he or she doesn’t have an idea on where exactly the money went to. The financial planner helps you bring the whole situation under control, by helping you make an accurate assessment of your current financial situation. At this point, the planner may also help you identify the opportunities before you, as well as the threats staring at you, with respect to your financial life.
2. The financial planner helps you in financial goal formulation: having helped you make an accurate assessment of ‘where you are’ with respect to your financial life, they also help you work out where you want to go, again with respect to your financial life. That they do through the process of financial goal formulation. The planner won’t, of course, create the goals for you. You have to own the goals. What they do is help you in the process of goal formulation.
3. The financial planner helps you in the creation of financial plans: the formulation of financial goals is akin to the definition of ‘where you want to go’ financially. Just knowing where you want to go is typically not enough to get you there. You also need to know how exactly you are going to get there. This is through the creation of plan(s) toward the attainment of your financial goals. This is also where the bulk of the planner’s work comes from, hence the name of the profession.
4. The financial planner helps you by building ‘accountability’ into your financial life: whilst many of us may already have clearly defined financial goals and plans for their attainment, what keeps us from actually attaining them is our lack of accountability. In these types of matters, it helps to have someone (especially a non judgmental professional) you can be accountable to, and that is a way in which the financial planner can help you.
5. The planner helps you in the elimination of finance-related stress: the reason as to why people experience finance-related stress tends to be where they feel that their financial lives are ‘out of control.’ The financial planner, by helping you identify your current financial situation, create financial goals and come up with plans for their attainment can ultimately help you stop feeling as if your financial life is out of control. That way, they would also have helped you in the elimination of finance-related stress.
Taking 100% Responsibility- The Prerequisite For Creating Money And Success
In his book, the “principles of success,” Jack Canfield share a story about working with W. Clement Stone, a self-made millionaire worth $600 million in 1969. He tells how Mr. Stone pulled him aside one day and asked if he took 100% responsibility for your life. Cat stuttering, “I think so.” Stone replied, “This is a question of yes or no, you either do or you do not.” He continues to ensure that it actually takes responsibility for his life. Stone asks: “Have you ever blamed anyone for circumstances in your life? Have you ever complained about anything? “Jack admits that he has. The stone then continues to explain: “That means you do not take 100% responsibility for your life. Taking him to the media 100% of the responsibility to recognize that you believe everything that happens. It means that you understand that you are the cause of all their experience. If you want to be really successful, then you will have to give up blaming and complaining and take total responsibility for your life – that means all its achievements, its successes and its incidents. That is the prerequisite for creating a life of success. It is only by recognizing that you have created everything so far that you can take charge of creating the future you want. ”
It’s a simple concept, refrain from blaming and complaining, but it is a challenge to change a habit, especially one that everyone has. How to stick to your diet when everyone around you is enjoying the chocolate cake. He needs to resist the impulses, tendencies and trends that really get you where you want to go. Keep reading and you will discover how this relates to your marriage and finances. Then share some steps of action to help you 100% responsible for his life.
Three ways to avoid taking responsibility, especially when it comes to money and marriage
We apologize
We always make an excuse we’re not validating the full responsibility for our lives. We say things like: That’s just the way it is, I can, and I’m just good with. And when it comes to our money and marriage:
“My partner never listens to what I have to say, and spend the money however he wants, and that’s just the way it is.” “I just can not make enough money to use my family, so my partner has to make enough to cover our costs of family, and that’s just the way it is.” “I’m not good with money, so I just let my partner handle it.”
We blame and complain
We blame our spouses for our financial challenges and the loop. We complain about their spending habits and behaviors that are unreliable, or too controlling. While we can speak some truth, blame our partner means that we are powerless to change our circumstances, and so gives us permission to do nothing. I had a client who wisely said, “I get so upset with the way my husband controls the checkbook, and now I realize why it’s easy to just blame him, because then I have to do anything about it.” Read more
