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What is a Financial Plan and Why is it Important? – Ep111

What is a Financial Plan and Why is it Important?

by: Annette Bau, CFP®

One of the cornerstones of success is a plan. Today, you will learn what a financial plan is and why it is so important. Most people rely heavily on their car’s GPS to reach their destination; a financial plan is your GPS to a financially secure life you love.

Wealth Inside and Out® Podcast: “What is a Financial Plan and Why is it Important?”

In this episode, you will learn:Financial Freedom Formula Guide
>> (2:43) A key benefit to having a financial plan
>> (11:56) Great questions to help you gain clarity
>> (16:08) One of the most common mistakes that can cost tens of thousands of dollars
>> (28:28) The next action step you should take

Conclusion – “What is a Financial Plan and Why is it Important?”

One of the most critical steps on your financial journey is creating a plan so you know where you are starting, where you are going, and how to reach your desired destination most effectively. If you do one thing, create a plan and then execute it. The right plan will make your financial journey easier and more manageable.

As you listen to the episode, take notes, identify the areas you need to address, and then prioritize the most important tasks. The key is to start regardless of how you feel. When you are clear on your end goal, it is easier to get back on track when you get off course.

Enjoy the episode.

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This information is for educational purposes only. It is not intended to replace the advice of any advisor or specialist, nor to provide investment, financial, tax, retirement, planning, or healthcare advice.

Always consult with a qualified professional before making any financial decisions or changes.

To your financially secure life,

Annette

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About Annette Bau, CFP®

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Estate & Retirement Strategies, LLC (“ERS”) is a state-registered investment advisor located in Arizona and conducts business where properly licensed.  Registration does not imply endorsement by securities regulators. ERS is not engaged in the practice of law or accounting.

ERS provides comprehensive financial planning, insurance, and investment management services. Investing involves risk and is not guaranteed. Before investing, you should consult a qualified financial advisor. ERS is affiliated with The Millionaire Insider®, an organization that provides general information, courses, and publications on topics related to personal financial planning and other lifestyle and mindset topics, including information from third-party sources. Information provided is for educational purposes only and is not an offer or solicitation for the sale or purchase of any security or investment advisory services.

 

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