No, not July 4^th! But when is it? When do we reach our Financial Independence Day?

There are lots of variable factors that combine to mean that for each of us, this date will be different – but shouldn’t we all be planning for this day, and isn’t this what financial planning is all about?

Yes, we have to have confidence in the investment portfolios and strategies that we put together; without these, no financial plan can be realised. My point is that true financial planning starts much further back:

How much money do I need to do the things I want to do in life?

When will I have enough money to do the things I want to do in life?

What do I have to do differently now to achieve the lifestyle I want?

 If we don’t know the answers to these fundamental questions, what use is it knowing that company A charges 0.2% a year less than B?

If you have not already done so, sit down and work out when your Financial Independence Day will arrive. Better still, sit down with a qualified financial adviser who will ask those three big questions with you and help you to find the answers. Then, and only then, can you make fully informed decisions on how and where to invest your money.

And I didn’t mention retirement once……!