Comprehensive financial planning is usually performed by Certified Financial Planners. The plan will include areas such as cash flow analysis, retirement planning, risk management, investment management, tax management and estate planning.
This might sound like a good idea, but it is not for everybody.
So what is wrong with “comprehensive financial plans?”
Intrusive – They ask for every little detail about your life.
Confusing – The deliverable is a b
If you are a well-established professional earning a meaningful salary, you have the potential to build a significant net worth.
There are many ways to build a net worth, but the most common way is to trim off a certain amount from your salary and invest in the stock market. People invest in the stock market through their 401k at work, a personal IRA, a taxable account, or some other method.
That leads to a common question for busy and productive individuals, “Am I saving eno