How Is Financial Planning Different From Investment Planning?
Individuals, particularly working professionals, are concerned about their financial stability. The keywords financial and investment plan are frequently used while preparing for your immediate and long-term financial goals. These names are frequently used interchangeably. However, financial planning in Canada and investment strategies are not the same. Learn the significance and distinction between financial and investment planning by reading this article. What Exactly Is Financial Planning? You may have to balance obligations with financial objectives as a professional worker in Canada. You may need to care for your parents, get coverage, trade in the market, prepare for retirement, educate your child, and so on. Thus, financial planning is a road map for accomplishing numerous financial goals by reviewing current financial situations, saving, and budgeting. Financial planning in Canada assists you in analyzing your present financial situation and developing a path for your long-ter...