So what exactly is financial planning?

The “if-I-had-a-dollar-every-time-I-was-asked” question.

The dictionary response is:


  1. a person whose job is to manage the personal finances of clients.

“he/she hired a financial planner to make sure he/she was doing everything required to retire comfortably and meet his/her family’s financial needs”

What I tell people is that whatever your stage of life, age or financial status, a financial planner is a trusted adviser who will work with you to reach your financial and life goals, whether they be short or long-term.

A mistake many people make is that financial planning is just for the wealthy. Good, authentic financial advice can help people at all levels of financial health by providing strategies for improving and growing your wealth. It can assist you with making plans for things as simple as a holiday, or moving into something more complex such as buying a property, or retiring comfortably.

Putting your money in a bank and hoping for the best is not financial planning. Financial planning is about developing strategies to help you manage your financial affairs and meet your life goals – and the first step is to make sure you have access to the right advice.

Many people resist seeking advice from a professional. Many people decide to manage their financial affairs themselves, or ask a family member or friend for advice. Unfortunately, life (and finance) is a bit more complex –the intricacies of investment, taxation and ever-changing rules and regulations require professional help and support.

If you want to know about how a financial planner can help you, head to what-we-do.


7Wealth Pty Ltd ABN 44 609 210 246, is an Authorised Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 Australian Financial Services Licence 232706 and Australian Credit Licence 232706
This blog contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. If you decide to purchase or vary a financial product, your financial adviser, and other companies within the AMP Group may receive fees and other benefits. The fees will be a dollar amount and/ or a percentage of either the premium you pay or the value of your investment. Please contact us if you want more information.
December 5, 2017