Write down what your goals and fears are. Come up with a posi- tive statement about how you will reach your goals, thus crushing your fears. Although much has been said about the power of positive thinking, the effects cannot be denied. The more positive your out- look, the more good will come your way. Think about it. The last time you were in a bad mood, did you affect those around you so their moods turned sour, too? Similarly, when you smile at people, the more likely they are to smile back at you. The more positive your thoughts are about money, the more good things will happen.
One more thing, it’s important to remember that fears come in different forms than just self-doubt. Many times family members or loved ones will instill doubt in us. This may come in the form of, “Why do you think you can do that?” or other statements along those lines. Whatever the reason for these statements, don’t let them dis- courage you. Only you can change the way you think. Keep a smile on your face and a glint in your eye, because you can become as wealthy as you want to be. By having a more positive outlook, you may see a change in them, too.
THE FINANCIAL PLANNING PROCESS
Personal financial planning is the process through which you, along with your advisor, determine how to meet your financial goals. Financial planning distinguishes financial planners and advisors from other professional investment advisors who focus solely on individual products.
Now that you have selected your financial advisor, he or she should address these six key areas:
Understand what your financial goals are.
Gather all essential financial information.
Analyze this information.
Make recommendations to help you achieve your goals.
Take action on these recommendations.
Review your progress.
Your advisor’s job is to listen to your concerns and objectives. Do you want to provide financially for your children or grandchildren’s