Personal Financial planning, and financial responsibility is one fo the greatest goals of all of us. To be truly financially independent, and have your financial ducks in a row, is not just a goal to strive to, but also an enormous challenge. There is a magnitude of challenges facing each of us financially, and trying to
Personal Financial planning, and financial responsibility is one fo the greatest goals of all of us. To be truly financially independent, and have your financial ducks in a row, is not just a goal to strive to, but also an enormous challenge. There is a magnitude of challenges facing each of us financially, and trying to
In my previous article, Returning to South Africa – Financial Planning explained, I mentioned the 6 steps of financial planning in South Africa. These steps were researched and implemented by the FPI as a guideline and methodology for advisers. The thinking behind these steps was to ensure that the clients’ needs are always held as
I have focussed on how the adviser and his resultant advice must always be centered around your unique objectives and circumstances, and the importance of a Financial needs analysis (FNA). As I mentioned previously, the fundamentals of a holistic FNA are as follows: Estate planning, which includes estate liquidity, debt provision, capital provision and wills…