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Financial Planning is NOT Complicated


Financial Planning is NOT Complicated – Until now, nothing close to the exclusive tailored objectivity of a practical financial education has ever been offered by the financial service industry.  It was just too easy for the industry to make the gullible public believe that financial and investment planning was too complicated for you to understand and therefore you had to rely on “professional” help.  Yet research conducted in 2007 indicates that fewer than 3% of adult individuals and families have a professionally written comprehensive financial plan.  Well, we’ve all seen and experienced how tragically deficient that “professional” help has been in the last year 2008 and will continue to be as this financial debacle will only get worse before it gets better.

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This entry was posted on February 23, 2009, 6:38 pm and is filed under Managing Your Money. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

  1. #1 by Adam on March 12, 2009 - 11:19 pm

    I whole-heartedly agree with you here. I was a financial planner for about a year, and always amazed me that 98% of the families I sat down with did not have even a base plan that they were following. (debt stacking/elimination, investing, insurance, etc.)

    I find it even more shocking that most families in America today are more concerned with securing their airline tickets 5 months in advance than being able to afford them in the first place.

    I am grateful to see more companies arising that offer free financial planning for clients – as this is something that we need today more than ever.

    It really is not too complicated. These basic principles should have been taught back in high school.

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