Importance of a Financial Planner in Life

You have a two wheeler and dearly love to have a car of your own to be able to go to office in it as riding a bike in winters and rainy season proves cumbersome. If you’re in Singapore, how do you go about fulfilling that dream? You know that you need to save for at least the down payment so as to be eligible to get loan for the remaining amount to buy a car in your name. Planning to save a little amount would help you reach your goal in 6 months. This is how financial planning helps you to achieve your goal.

However, this is just one aspect of financial planning as it is a vast subject covering all stages of your life and all your monetary requirements and emergencies in small but important steps – all of which have to be mastered by a professional financial planner. Financial planner career has become a must today for all people as they are discovering that their incomes are not sufficient to survive with their families in future. Saving a small amount every month and then making the best possible use of that saving through investment in financial instruments that provide decent returns in future is one aim of financial planning.

Importance of a Financial Planner

Rarely does a man realize at the time of marriage that careful financial planning career would be needed when starting a family as kids will grow and then require costly education and finally admission into colleges, but a true Singapore financial planner will see this right away. All this requires money at important stages of life. In between are other financial and medical emergencies like the need for a home and then possible a bigger home. To be able to fulfill the requirements of family members and all other responsibilities is not an easy task, and any person should practice financial planning to ride over all problems smoothly.

Save Up Finances During Good Times

When a man is in service and has a regular income, he fails to foresee the times in future when he would eventually retire and would not have a steady stream of income. A financial planner understands this inevitability and plans ahead for it. It is not possible to maintain the same lifestyle after retirement for most people and only those who are alert and indulge in engaging a financial planner at the right time are able to live life in much the same way as they did during service years.

Financial planning can take many forms and can be undertaken through various financial instruments like mutual funds, stock markets, investment in properties, gold, and currencies, and so on. Many feel they do not have time to get involve in financial planning on their own. Yes, there are high flying executives who rarely find time to think of financial planning. There are professionals called a financial planner with expertise in all such avenues of investment and they know which investment scheme is more suitable for individuals depending upon their unique circumstances.

In Singapore, a wise financial planner can greatly help us tide over difficulties posed by rising prices and inflationary pressures to allow us to save in real terms and be able to fulfill our responsibilities in a smooth manner.