It’s a common misconception that you need to have a lot of money to work with a financial planner.


You don’t.


That’s kind of like believing that only people who are in great shape should work out with a personal trainer. Bonkers, right? Anyone who has an interest in improving their financial situation should consider working with a planner!


To find out if you would benefit from working with a planner, ask yourself this: How do I feel when I think about managing my money?


If you feel totally in control, know exactly where your dollars are spent each month and have confidence that you’re making smart decisions, congratulations – sounds like you’re doing just fine.


Many people, however, will feel things like discomfort (“I could probably do better”), anxiety (“My finances are a mess”), or overwhelm (“I don’t even know where to start!”). If this is you, you’re not alone. Did you know that 42% of Canadians rank money as their greatest stress?


If you’re feeling stressed about your money, you could benefit from working with a financial planner. Here’s why:


A goal without a plan is just a dream


Dreaming about the kind of life you want to live can be fun, but without a plan to make it happen it will always be just that – a dream.


A financial planner will help you turn your dreams into tangible goals so that you know exactly how much you need to save. And, they will help you develop a plan to make your goals a reality using the money you have today.


Having a clearly documented plan helps cut through the uncertainty of how you’re going to achieve what you want. More clarity, less stress.


Tip: A tangible goal includes a dollar amount and a deadline. For example, instead of “Save for retirement”, think “Save $2,000 in my RRSP by February 28th.


A fresh, expert perspective


When it comes to your money, having a financial planner is like having a best friend to turn to for advice and support. But in this case, your best friend is a neutral third-party money expert and it’s their job to help you!


Your planner can show you what’s possible with your money, help you with tips and tricks to manage it better and make it work harder for you. No matter what your current financial situation, it’s always helpful to have a second opinion from a professional. Sleep easy knowing you’re doing the right thing with your money.


Tip: What constitutes an expert? Keep an eye out for professional designations such as Chartered Professional Accountant (CPA), Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA).


Time doesn’t grow on trees


Life is short, and the precious time we are given should be spent doing things we enjoy with people we love.


Unless personal finance is your passion and you get excited about working with spreadsheets and calculating return on investment, you’re better off hiring an expert who can get you the quality of results you’re looking for with less effort than DIY-ing it.


You’ll have the peace of mind that comes from working with a professional and can allocate more of your most precious resource – time – to doing the things that make you truly happy.


Tip: Save time in your search for a financial expert by knowing what to look for. “Fee-only” or “fee-for-service” planners charge for their advice instead of relying on commission from product sales. Their focus is YOU and your goals.


Canadians with financial plans report higher levels of financial well-being, emotional well-being, and overall contentment. Could you benefit from a financial plan? The answer is most likely “Yes!”.


Where do you want to be in five years? How can we make your money do that for you?

Let’s see what’s possible!  

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