By Ali Ebrahim – Ace Financial Advisory Limited
Financial planning helps you achieve your short and long-term goals, objectives, desires by bringing together all the pieces of your finance from budgeting to cash flow to getting to know your net worth, to where you save and invest for the best returns on your investments using your current resources and (where necessary) making small changes to your lifestyle to create a balance in life to meet your goals.
- Income:It is possible to manage income more effectively through budgeting plan. Managing income helps you understand how much money you’ll need for monthly expenditures, savings, investments, tax etc.
- Cash Flow: Increase cash flows by carefully monitoring your spending patterns and expenses. Tax planning, prudent spending and careful budgeting will help you keep more of your hard earned cash.
- Capital:An increase in cash flow, can lead to an increase in capital. Allowing you to consider investments to improve your overall financial well-being.
- Family Security:Providing for your family’s financial security is an important part of the financial planning process. Having the proper insurance coverage and policies in place can provide peace of mind for you and your loved ones.
- Investment:A proper financial plan considers your personal circumstances, objectives and risk tolerance. It acts as a guide in helping choose the right types of investments to fit your needs, personality, and goals.
- Standard of Living:The savings created from good planning can prove beneficial in difficult times.
- Financial Understanding:Better financial understanding can be achieved when measurable financial goals are set, the effects of decisions understood, and results reviewed. Giving you a whole new approach to your budget and improving control over your financial lifestyle.
- Assets:A nice ‘cushion’ in the form of assets is desirable. The overall process helps build assets that don’t become a burden in the future.
- Savings: It is good to have some investments with high liquidity. These investments can be utilized in times of emergency or for educational purposes.
Talk to Ace Financial Advisory Ltd, and take the first step to realise your life goals.
Make some lifestyle changes today – handle your money with a plan. Why? Because you must gain control over your money, or the lack of it will forever control you. WELCOME to ACE FINANCIAL ADVISORY LTD and let us help you meet your life goals. Consult US and we will show you how. The first consultation is FREE. Have your Personal Financial Plan prepared, Introductory offer Kshs. 5,000.