Isn't Financial Planning Only For The Wealthy?


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Do you think financial planning is only something that the wealthy should be interested in or worried about? If you're an average middle class American you may share this preconceived notion. I'm here to tell you that you are just as worthy of a trusted financial advisor as any high net worth individual out there. Anyone who is willing to take the time to create a financial plan and evaluate his or her specific financial goals and objectives deserves to reap the benefits that financial planning offers.

Planning is power. If you know what you want to do in your lifetime and you understand what is important to you financially and personally, working with a financial planner can do you a service. Without a plan your chances of being able to do what you want to do financially in your lifetime becomes a shot in the dark. It is the equivalent of trying to through darts with a blindfold on. Rarely will we hit the target and many of us wouldn't even come close.

So what can a financial advisor do for you? Chances are, if you lead a busy lifestyle like many Americans today you have little time or desire to study financial publications to find out what's out there and available to you. Maybe you are unaware of what things you should be concerned about. Living in the information age has allowed us access to more information which is helpful but also challenging. With all the different options out there, how can you be sure you are doing what's best for you? Also, keep in mind that financial planning is not a one-size-fits-all strategy. Just because Bob, the neighbor down the street, has a particular financial product doesn't mean it will fit your financial plan, too. This is where a trusted financial professional can become a valuable resource. I know from experience that it can be overwhelming to have so many different options to choose from while trying to figure out how particular financial products work. Working with a trusted professional will help you understand all of your options which will allow you to make the best decisions for you and your family. Ultimately, this will enable you to develop a plan to reach your financial goals which will increase the likelihood that your dreams will become a reality.

So how confident are you that you will be able to do the things that are important to you today, tomorrow, or in the distant future? If you had to put that level of confidence on a scale from 1 to 10, where would you rank? What if you could make that number a 9 or a 10? Considering the assistance of a financial coach who can help fine tune your financial plan may not be a bad idea. No matter what stage you are in financially in life, starting a plan could be one of the most rewarding things you do for yourself and your family.

John Posey is a full-time financial advisor in Kearney, Nebraska. To learn more please visit You may also contact John directly at


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