Financial Advice vs Financial Planning

Ready to test your knowledge of investment planning? We've collected some CFP^® Exam practice questions on investment planning including insights into the correct answer to help you get ready. 

If you’re behind on your fables, basically, the ant spent all summer working to store food and prepare for the winter while the grasshopper loafed around and tried to peer pressure the ant into doing the same. Then when the winter came, the ant was all warm and cozy and the grasshopper was out in the cold with no food? Followers of the Financial Independence, Retire Early movement are the ant in this scenario.
And as this movement has gained momentum over the past few years, we’re sure you’ve fielded a lot of questions about it, from what it is to whether your clients should try it. So, let’s talk about what FIRE is, how the strategy works, and the upsides and pitfalls. We’re also going to talk about the different approaches to FIRE and how you can guide your clients through them if they want to take this path.

Wouldn't it be nice to have a crystal ball that lets you see exactly where the economy is going? Yes. But even though we don't have a crystal ball, runes, or even a financial-themed tarot deck, that doesn't mean we're flying blind. We can still read the signs of where the economy is headed and provide informed and proactive guidance to our clients by looking at leading and lagging indicators.