Financial Planning

What is Financial Planning

Essentially financial planning is a process that involves mapping out financial goals and implementing realistic steps for meeting them, such as investing money to help pay college education expenses for children or for retirement or buying a house.

A critical component to any plan is managing risk. Understanding risk and how it impacts the decisions we make is an essential component of the planning process. You need to know what personal and business risks need to be avoided and which need to be taken.

Financial planning provides a sense that the decision-making process is not irrational. It’s a sense of control and confidence in actually being able to meet the future. Planning discussions do not just revolve around dollars and cents however, they revolve around life itself!

How do you feel about your finances?

You may have landed the job of a lifetime and are excited about how your career is developing. Life is happening and your income allows you to do and have the things you’ve always wanted, BUT do you feel in charge of your financial future?

So many people go through life living day to day or month to month never really having a clear handle on their true financial picture. Financial decisions big and small are made as the need arises, independently of one another with no overall financial plan to act as their guide. Hoping everything turns out ok is the plan for the day.

Living life with constant uncertainty about your financial future produces anxiety and often fear, even when things are going relatively well. Somehow you know that you are not really in control, that circumstances could change and your life could be turned upside down in a moment.

Making the effort to get a firm grip on your finances can provide you with the feeling of security and peace.

Maybe you have this peace. Maybe you know where you are at today and where you will be in the future, but if this is not your experience you can turn it all around, often by learning a few simple principles and using them as your guideline.

Do you need a financial planner?

Maybe you have thought about it but have wondered if you are the type of person who needs a planner.

Many people think that financial planners are just for the wealthy, for those with all kinds of money to invest in the markets and business. Well that’s half right. Most certainly affluent people need financial advice and often use the services of financial planners. But those who are saving for their retirement or their children’s education need financial advice as well.

It’s not hard to determine if you could use a financial planner in your life. Just ask yourself the following questions. If you answer yes to even one of these questions you should consider talking with a planner.

  • Do you have a dream, but no real specific plan as to how you are going to finance it?
  • Do you want to retire at a specific time but are uncertain if you will be able to do so?
  • Is there a major event happening in your life like marriage, a new job, a new addition to the family, or receiving an inheritance?
  • Do you worry about your financial future?
  • Do you get uneasy when you hear stories about market downturns on the news?
  • Tired of dealing with banks that don’t take a personal interest in your financial well-being?

If you’re like most people, your most precious resource is time. Managing your investment portfolio can be a time-consuming activity.

With information so easily available on the Internet, there is literally an endless supply of facts, analysis, advice and opinions. Chances are you’d rather spend your precious time on activities other than managing your investments.

But that’s just one reason why you might want to consider working with an investment professional. Because even if you have plenty of time on your hands, successful investing in today’s markets is not a simple matter.

Sure, if you’ve resigned yourself to staying on the sidelines and out of the market, your investment decisions are pretty easy. Put all your money into GICs and hope that inflation and taxes don’t completely eliminate your returns. But as most experts will tell you, that’s not a very wise strategy.

You need growth and that means you need a diversified portfolio that includes a variety of equities. This is where professional help can be invaluable – to help you build your portfolio. He or she can help you determine the right asset allocation strategy for you, based on your current situation, your needs, your goals and your dreams.

And once you’ve got your portfolio built, a professional can help you manage it, or they can manage it completely for you if you prefer. The kind of relationship you have with your advisor or broker is up to you.

The bottom line is this. If you’re the kind of person who enjoys sitting in front of a computer screen all day reading, researching, analyzing, comparing and making tough decisions – and then sticking to them – then you may have what it takes to effectively manage your investment portfolio.

If not, you may want to think about taking advantage of the services of an investment professional. Vision Plus is here to help. We can assist you at whatever level you require.

Why Vision Plus Financial

It’s really very simple. Everyone appreciates personal service, where your concerns and requirements are number one.
At Vision Plus we know our clients and take the time to really understand what their unique requirements are. We believe that a financial strategy must fit your life style and financial goals.

We are interested in your entire financial well being. No “cookie cutter” solutions or fitting every client into a single investment vehicle. We are not driven by the most popular investments of the day. We take a “holistic approach” to ensure that your plan fits your lifestyle and goals.

Personalized statements and even online access to your accounts so you can watch your investments any time of day or night.

Take a look at all the services you can take advantage of:

  • Financial planning
  • Investment planning
  • Retirement planning
  • Estate planning
  • Life Insurance
  • Critical Illness Insurance
  • Disability insurance
  • Group Pension Plans
  • RRSP group plans
  • Dental & extended medical Insurance
  • Travel insurance

Truly personalized financial plans with your best interests in mind are the order of the day at Vision Plus Financial.

Vision Plus Financial – For All The Right Reasons