|It may sound obvious, but a question people need to ask themselves is: Why is it important to have a true financial plan? Sadly, many people feel intimidated when it comes to their own money matters. They may believe it’s just too complicated and way too much work.
That makes sense. After all, we do live in a world of instant gratification, and technology has made many aspects of our lives much simpler to do. We rely on technology to handle those once difficult tasks, like standing in line to get a coffee, buying movie tickets, or calling for a pizza delivery. Now it’s just a quick swipe on our smartphones.
Well, many financial firms are looking to take the pain out of planning by using technology. The future of financial planning will include a variety of digital efforts, as well as artificial intelligence, big data and virtual reality. With that said, you can never count out talking to a human for your financial needs.
The bottom line: Everyone needs to create a financial plan because it helps you see the big picture and set long- and short-term life goals, a crucial step in mapping out your financial future. When you have a financial plan, it’s easier to make financial decisions and stay on track to meet those goals.
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