Here is our approach to answering three questions people
often ask regarding their financial situation.
- I want to feel financially safe while working, and have a
comfortable retirement in the future. How do I start
understanding the present and future issues involved?
First define your values, then the goals that are based on those
values. Nothing matters as much as this first step. You may be
the best driver in the world, driving the fastest car, but if you are
driving on the wrong road you will not be satisfied with the
outcome. Similarly, all the knowledge about investments or other
financial subjects are not as helpful if you have not defined your
short-term, mid-term and long-term goals that are driven by your
- After defining my values and goals, what's next?
You need to be in the right frame of mind to achieve your goals.
Your frame of mind plays a much more important role in reaching
your goals than any specific financial information. Your values are
the foundation, and your goals are the supporting columns of your
future fulfillment. You would never consider removing a supporting
column to make room for an extra piece of furniture in your house.
Similarly, if you are truly committed to your goals, you would not
compromise them by submitting to impulses and temptations.
being committed to having the right state of mind?
- What comes next after defining values, setting goals and
The next step is financial literacy and proper guidance. These serve
as your first line of defense against potential financial mishaps.
This is when a good financial advisor can play a significant role by
increasing your awareness of, and your ability to address issues such as:
negatively affect your long-term income potential.
- Globalization, automation and economic cycles that can
benefits that are not certain.
- Disappearing retirement pension plans and social security
higher than what the government reports.
- The rate of inflation that you are experiencing may be much
you will live longer and thus require a larger retirement fund.
- With the current rate of medical advancements, it is likely that