What is Financial Planning?
"Financial planning is a process, not a product. It is the long-term method of wisely managing your finances so you can achieve your goals and dreams, while at the same time negotiating the financial barriers that inevitably arise in every stage of life.In order to create a sound financial plan, goals must first be established. Data is then gathered to analyze and evaluate your financial status. Once complete, your plan can be developed and implemented. Monitoring the plan on an ongoing basis is essential in order to make necessary adjustments to reach your goals." - Financial Planning Association
Books Worth Reading
The Simple Path to Wealth
By: J L Collins
“In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. You'll never find a wiser advisor with a bigger heart.” -- Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian
Smart Women Finish Rich
By: David Bach
With hundreds of thousands copies in print around the world, Smart Women Finish Rich, by renowned financial advisor David Bach, has shown women of all ages and backgrounds how to take control of their financial future and finish rich. Whether you’re working with a few dollars a week or a significant inheritance, Bach’s nine-step program gives you tools for spending wisely, establishing security, and aligning money with your values.
Women's Worth: Finding Your Financial Confidence
By: Eleanor Blayney
Women live longer and are more likely to live alone for significant periods of time. Our workplace participation is more intermittent, and the care of dependents falls to us more often. Though we are educated and successful, earning more now than ever before, we often lack confidence in our ability to make financial decisions. In short, our financial needs are different from those of men -- it's time our financial advice was different, too.
