‘Good fortune is what happens when opportunity meets with planning.’

Thomas Edison

I have already explained the importance of setting clear goals, developing financial planning policies and understanding your financial personality and risk profile. To develop a successful wealth plan, you need to put these goals into a wider context and review your overall financial position both as it is today and how it might be under various scenarios throughout the rest of your lifetime.

A good wealth plan should include the following elements:

  • where you want to go – detailing your financial planning policies, goals, preferences, values and timescales
  • where you are today – your current financial resources
  • where you might ...

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