Too many Canadians don’t have a financial plan. That’s what a recent FP Canada report found.
Only 25 per cent of Canadians are working with a financial advisor and 30 per cent of those surveyed say they don't have a financial plan at all.
Interestingly, younger people are more likely to say they don't have a financial plan but wish they did.
What caught my eye about this survey is that Canadians don’t even agree on what a financial plan is. Some think it is an investment plan, that is, a plan for what types of investments you’ll put money into. Other people think a financial plan is a written plan that shows where you are today when it comes to your financial circumstances, where you plan to be tomorrow and how you’ll get there. That definition is closer to the truth.
A financial plan looks at the big picture. It helps you set short-term and long-term financial goals and identify steps to achieving them. In this episode, we look at:
Financial Planning
What Your Plan Should Include
How a Plan Can Help You
Why You Might Not Already Have a Plan
And most importantly ... how to get one!
Hosted by Glory Gray
📖 Women's Wealth Canada Blog
📽 The Real Questions to Ask Before You Retire
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor
👉 Free Wealth Consultation
🍏 Join our Community - Client Application Form
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Music
Background Intro music: Positive Determination
Other incidental by Purple Planet Music
This podcast is for informational purposes only and should not be construed as investment, tax or legal advice. It is not an offer to sell or buy or an endorsement, recommendation or sponsorship of any entity or security cited. Mutual funds offered through Portfolio Strategies Corporation. Other products and services provided through Glory Gray Wealth Solutions.
All content © 2024 Glory Gray.
Too many Canadians don’t have a financial plan. That’s what a recent FP Canada report found.
Only 25 per cent of Canadians are working with a financial advisor and 30 per cent of those surveyed say they don't have a financial plan at all.
Interestingly, younger people are more likely to say they don't have a financial plan but wish they did.
What caught my eye about this survey is that Canadians don’t even agree on what a financial plan is. Some think it is an investment plan, that is, a plan for what types of investments you’ll put money into. Other people think a financial plan is a written plan that shows where you are today when it comes to your financial circumstances, where you plan to be tomorrow and how you’ll get there. That definition is closer to the truth.
A financial plan looks at the big picture. It helps you set short-term and long-term financial goals and identify steps to achieving them. In this episode, we look at:
Financial Planning
What Your Plan Should Include
How a Plan Can Help You
Why You Might Not Already Have a Plan
And most importantly ... how to get one!
Hosted by Glory Gray
📖 Women's Wealth Canada Blog
📽 The Real Questions to Ask Before You Retire
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor
👉 Free Wealth Consultation
🍏 Join our Community - Client Application Form
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Music
Background Intro music: Positive Determination
Other incidental by Purple Planet Music
This podcast is for informational purposes only and should not be construed as investment, tax or legal advice. It is not an offer to sell or buy or an endorsement, recommendation or sponsorship of any entity or security cited. Mutual funds offered through Portfolio Strategies Corporation. Other products and services provided through Glory Gray Wealth Solutions.
All content © 2024 Glory Gray.