How to Find the Best Financial Planner
Financial planning can be simple, but it can also be very nuanced. So who is the best person to help you create your perfect financial plan? The answer is simple.
That person is you. 😀 Here’s why.
Unlike a meal plan or other short term aspirations, a financial plan isn’t an event that you can predict and design a specific result for. Financial planning is more of an ongoing process, with assumptions and approximations. Money is a part of life, and as long as we’re alive, we’ll need to make plans for it. 🙂 Financial professionals can give us guidance, but who will look after our money when they move, or retire? The best financial planner for you is you because you are always with you.
Give a man a financial plan and he’ll probably be okay until his plan needs to be adjusted. But teach a man to make financial decisions for himself and he will be free to explore the endless possibilities on his own.
A Few Analogies to Financial Planning
Who’s the best person to write up a business plan? The entrepreneur of said business, of course.
Who’s the best person to create a road trip plan? The person who’s organizing the road trip!
Who’s the best person to design a personalized career plan for Alex, who’s about to graduate high school? The answer is Alex.
In each of these cases the “plan” is based on future probabilities and assumptions with an approximate outcome in mind. As time progresses, events in reality will replace those assumptions chronologically. Adjustments will have to be made to each plan, but the overall goals are maintained. The company may alter its business plans due to unforeseen market forces. Road closures may force the road trip to take a detour. Alex may change his mind about his major in college.
Plans don’t have to be made alone. Individuals can consult business planners, school counselors, or other professionals. But it’s ultimately the responsibility and the decision of the individual to create the best plan for him or herself.
That’s why the best person to create, update, and adjust your financial plan, is you. Nobody knows you better than yourself. 😉