The Source of Good Financial Planning Ideas
August 11, 2024
Always consider financial planning ideas that can help with your own personal finance, writes Peter Watson.
There can be similarities in how I think of topics for these articles and how you think of financial planning issues that you might want to consider for your financial well-being.
Over the decades of writing this column, the most common question I am asked is how I come up with so many different topics.
My goal is to write a column every week on financial planning and investment topics. The column is meant to be of interest to readers looking for useful ideas that will assist them in managing their own personal finances.
That is my lens; those are the ideas that I am looking for.
When there are various world events, financial news stories, or government budgets that affect our financial well-being occurred, I ask how that news can be incorporated in the story written for readers.
Readers have specific financial circumstances and objectives. They can interpret the news through their own personal financial lens as how that does relate to their own personal finance.
For example, we are often reminded how we are living longer and how every year inflation causes everything to be more expensive.
A personal investor can interpret that as old age is going to be a lot more expensive, and a lot longer than initially thought. Therefore, your personal financial planning should consider this a possibility.
Read this column and I will give you my opinion on many items that affect your personal financial health. But also keep your eyes and ears open to what is happening in the world, and in your own personal circumstances.
The goal of both you, the reader and me the writer, is to come up with good financial ideas that can be useful.
I look forward to our continued journey of considering financially useful ideas that can help you achieve your long-term goals.
Peter Watson, of Watson Investments MBA, CFP®, R.F.P., CIM®, FCSI offers a weekly financial planning column, Dollars & Sense. He can be contacted through www.watsoninvestments.com. ACPI is a full-service investment dealer and a member of the Canadian Investor Protection Fund (“CIPF”) and the Canadian Investment Regulatory Organization (“CIRO”). Investment services are provided through Watson Investments, an approved trade name of ACPI. Only investment-related products and services are offered through ACPI/Watson Investments and covered by the CIPF. Financial planning services are provided through Watson Investments. Watson Investments is an independent company separate and distinct from ACPI.
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