Financial Planning is not all about managing money. The broad word 'Wealth' is commonly used interchangeably with money. The statement 'Managing money' is not favored to 'Managing Wealth'. The latter requires an holistic approach as so far money management is concern. Under the pre-text of wealth, human health is also absorbed, analog to money management. Modern era concept has given birth to the importance of managing human health and money in tandem in achieving individual life plans.
As Suzy Orman, the CNBC's popular money management tv programme anchor woman always emphasize that in the process of managing money, human comes first, then money and then others!
Financial planners all around the globe advocate wealth planning, as opposed to money planning. Such practice
ensures the equilibrium between one's health and their money, managed back to back as long as the plan covers. So, for clients who have engaged financial planners, you now know what to expect in your plan. Right?
Don't exit yet! Please go to Spectrum of Life for more articles on life.
Happy investing in your wealth! :)
