Anyone who has a source of income and out-going expenses should have a structured financial plan. The objective of this is to help you achieve your financial goals. But really what it does is to help you live the life you want to live. It can be as simple as paying the mortgage off early, saving for education expenses, putting a sum aside for a “rainy day” or planning for a comfortable retirement.
Your life is your story
At Quintas Wealth Management, we like to think that your life story is like a book. As the pages turn, your story is told. Each chapter is a different stage of your life. At each stage, you will have different challenges, opportunities, and choices. You probably have plans in place for what you wish to achieve in each chapter. So why would you not have a plan in place to financially support these plans?
What is financial planning?
Financial planning is a straightforward way of creating a roadmap that will help you as you journey through your story. Creating a roadmap for your financial future is for everyone. It provides a step-by-step approach to meeting your life goals. It puts you in control of your income, expenses, and investments so you can manage your money to deliver the best outcome for you. Financial planning is an ongoing process that will reduce your stress about money. It will support your current needs and help you be prepared for what you want in the future.
Benefits of financial planning
- Puts you in control
By understanding clearly what your income and outgoings are and setting out your goals you are firmly in control. Without a plan in place, it can be hard to budget properly on a day-to-day basis, let alone plan for the future or the unexpected. A financial plan puts you in control, so you know not only where you want to get to but how you are going to get there and when.
- Peace of mind
A financial plan helps you manage your money efficiently. It considers many factors including your life stage and risk profile as well as your family situation. That way you can not only cover your ongoing regular expenses, but you are safe in the knowledge that future and unexpected expenses have been planned for too.
- Cover all eventualities
Your financial plan will be unique to you. It will incorporate the right mix of protection, investing and saving for what you want to achieve. A part of any good plan will create an emergency fund. This is a critical aspect of financial planning to ensure that your plan delivers what is right for you regardless of what happens.
Our 4-step approach
At Quintas Wealth Management we offer a simple 4-step approach to financial planning. This allows us to work together with you to put a robust plan in place to get you where you want to be. Our belief at Quintas is that the most constructive way of establishing a client’s financial goals and putting solutions in place to achieve them is through our financial review process. This allows us to work with you to assess where you are at in financial terms and where you are trying to get to. We consider many factors including your life stage and risk profile as well as family situation.
We also build-in security against any unforeseen circumstances that may happen. And most importantly we review your plan regularly to make sure that it is delivering what you need and to take into account any changes you may require.
So, if you’re ready to talk to us about your story, just get in touch.
31 May 2022