Setting Financial Goals

Setting Financial Goals

When first meeting with clients, I always ask if having written goals are essential to their financial success. In 16 years of practice, I have never met anyone who has said no. However, when asked to review those written goals with me, fewer than ten of the hundreds of clients I have worked with actually have written down their goals. This used to surprise me. However, I have come to understand that although almost everyone agrees written goals are important, few have ever learned how to write useful financial goals.

Here are some steps I teach clients in helping them write their financial goals:

Personal Finance and the Serenity Prayer

Written by Skip Fleming.

Personal Finance and the Serenity Prayer

As children, many of us learned this short prayer:

"God grant me the serenity to accept the things I cannot change;
the courage to change the things I can; and wisdom to know the difference." What does this prayer have to do with Personal Financial Advice?

Everything.

Signs You Need a Financial Planner

Written by Skip Fleming.

Financial Planners Help Build Better Experiences

Sometimes it's hard to tell if you need professional help for a problem or if you can handle it yourself. Whether it's taking care of a common cold, fixing the sink, changing the oil in your car or doing your own taxes. The same question often arises about finances.

It happens all the time - financial questions pop up that you consider silly or stupid so you feel like you must handle alone and you don't seek help. This is not the best course. As happens often in life, not reaching out to a professional can delay you reaching your goals and cause you to incur more out-of-pocket expenses and lots of headaches.

Do You Have A Bad Financial Planner?

Written by Skip Fleming.

Red Flags that Should Make You Worry

A financial planner is supposed to help you keep your financial planning on track, but that is not always the case. Knowing how to properly vet a planner will save you time, money and stress.

If your financial planner doesn't keep you up to date on your plan, that is a bad signal. Is your planner contacting you periodically? Is your investment profile updated annually? Those are basic requirements – your financial advisor should be on top of those things.