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Financial Planning Basics

Its Not Just for the Wealthy

No matter the size or scope of your financial goals, a financial plan can help make them a reality.

Financial planning is the process of looking at the current state of your finances and making a step-by-step plan to get them to where you want them to be. That may mean devising a plan to become debt-free or figuring out how to save enough money for a down payment on a new home.

This process can include many aspects of personal finance, including investing, debt repayment, building savings, planning for retirement and even purchasing insurance.

Anyone can engage in financial planning—it’s not just for the wealthy. You can get started on making financial goals on your own, and if you choose, you can work with a financial professional to help devise the smartest plan to make those goals a reality

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Find The Right Financial Advisor For You

Ultimately, determining whether a financial advisor is worth your money depends on your unique personal and financial circumstances and finding an advisor who aligns with your goals, listens to your needs, and acts in your best interests. If an advisor does these things and more, they will most likely be a good financial investment.