What exactly is Financial Life Planning?

Financial Life Planning is financial planning based on the premise that planners should first discover a client’s most essential goals in life before formulating a financial plan, so that a client’s finances can be structured in such a way as to fully support and enable these goals.

While this may sound simple it is amazing how few people actually spend any real time thinking about their deepest and most enduring values and goals and how these relate to their financial planning.

In reality highly component planners who possess great integrity have been practicing this type of financial planning for years, albeit in some cases unconsciously. They take the time to truly get to know their clients current life situation while at the same time they make the effort to discover their client’s deepest held, and often not expressed, life goals and dreams. They then create a financial plan that will enable the fulfillment of these dreams.

Financial Planning and Financial Life Planning are inextricably intertwined. Financial Planning without the broader context of Life Planning may enable a client to become rich or old, but not richly old. Life Planning on the other hand, removed from a financial context can produce goals that lack the resources to be realized.

Leave a Reply