Mitchell Biggas Email and Phone Number

Financial Management, Leadership development and mentor programs, Financial Planners and office administration staff.

Financial Management and investment planning for both my business and clients

About Financial PlanningFinancial planning is the process of structuring and arranging your financial resources to meet your life goals. These can be as short term as saving for a car, to long term planning for retirement. Financial Planning aims to provide financial certainty and clarity on your current and future Financial Wellbeing.Benefits of Financial PlanningHaving a detailed financial plan provides a robust framework through which prudent financial decisions in all spheres of your financial life can be made. Like with most things in life, having and sticking to a plan allows you the best possible chance of success. In this instance it means achieving your life goals and long term financial security.

Irrespective of our clients circumstances, we find that the following steps are necessary for their own financial planning to be successful:Work with an experienced and professionally qualified financial planner.Set goals that are both measurable and achievable.Understand that financial decisions you might take have consequences for other financial issues.Revisit your original financial plan regularly - the initial draft is only the starting point.Start today – don’t procrastinate and leave financial planning for when you are older.Start with what you’ve got – financial planning isn’t just for the wealthy – the goal is to improve your own financial standingBe disciplined and take responsibility for your own affairs - no-one else can do that for you.Look at the big picture – financial planning is more than just a particular product purchase or immediate need. It is a lifelong process.Don’t confuse financial planning with investing. There are so many facets to a person’s life – investing is only one element.Speaking of investments, don’t expect unrealistic returns on specific investments and remember that potentially high return investments are also high risk investments. There is no such thing as a free lunch!Don’t wait until a family crisis to try to set up your own financial plan.

Financial planning is an integral part of financial management. This activity requires a lot of study and research, before one goes about drawing a plan and implementing it. Not to miss an important point on this subject, risk assessment is an integral part of any planning. So let's understand the key financial planning process steps. Below are the key steps to consider in your financial planning process.Identifying Financial NeedsThe primary responsibility in the financial planning is conducting a need analysis. An investor has a number of needs of which he needs to prioritize the important ones and plan accordingly. The important goals which are preset are, education of children, down payment of a house, health requirements, life insurance and retirement. Following these needs are the means to increase the wealth in terms of cash and property. Also a person needs to have concrete answers for the following questionnaire:What are your investment goals?How much money do you have for investments?Do you invest in stocks, bonds and mutual funds?Are your financial needs short term or are you headed for long term financial planning?What benefits are expected from your investments?