Why a financial plan? Well, if you want the best results out of any endeavour – be it going to battle or having a New Year party, you should have a plan. So it should be with investing your money.
It is often said, most people don’t plan to fail, they just fail to plan.
Financial planning not only tells us where we stand financially right now, it also works out where we want to be in the future through setting our financial goals, and it enables us to reach our financial goalposts in an efficient financial manner.