Tuesday, July 20, 2010

What is Financial Planning part 1

Financial planning is the long-term process of wisely managing your finances so you can achieve your goals and dreams, while at the same time negotiating the financial barriers that inevitably arise in every stage of life. Remember, financial planning is a process, not a product.

Why a CFP® Professional?

CFP® professionals are dedicated to using the financial planning process to serve the financial needs of individuals, families and businesses. Most CFP professionals have completed a course of study in financial planning approved by CFP Board.

To earn the prestigious CFP® certification and remain certified as a CFP professional, individuals must meet four main requirements.

Certification Requirements


CERTIFIED FINANCIAL PLANNER® Professionals must successfully complete CFP Board's comprehensive certification examination, which tests an individual's knowledge on various key aspects of financial planning.


CERTIFIED FINANCIAL PLANNER Professionals must acquire three years of financial planning-related experience before receiving the right to use the CFP certification marks.


CERTIFIED FINANCIAL PLANNER Professionals must voluntarily ascribe to CFP Board's Code of Ethics and additional requirements as mandated. CFP practitioners who violate the code can be disciplined, including permanent loss of the right to use the CFP certification marks


  1. Becoming a Certified Financial Planner is a rewarding and great career. For those who want to become a Professional Financial Planner, I really suggest to have a great background of experience when it terms of financial planning, accounting, business laws and many more. People who wish to become a CFP must take a CFP Certification Education Program for them to get certified and for them to be able to execute their skills and knowledge.

  2. Spending or splurging on one’s wants is not a bad thing. After all, we work very hard to get the things that we need and long for. So when it is payday, we look around for something that can reward us for a whole month’s hard work.

    Perhaps the best advice would be never to get a cash loans just for shopping. This is not going to do any good. Should payday cash loan be needed, this should only be used for necessary purchases