Written by Lisa Duggan, CFP, “It’s Your Life” is a great resource for anyone interested in financial planning.
Lisa uses her story to illustrate the financial planning process and goes in-depth on all the facets that a good financial planner covers with their clients. On one hand, it makes a great book to give to clients – it highlights all the considerations a financial planner looks at to provide truly holistic advice, from health to lifestyle, beliefs and aspirations, attitude to money, values and the end goal. For the financial planner, it forms a solid tool if you’re looking to move from needs based advice to holistic, lifestyle advice. It covers common mistakes people make with their money management – why you need to know your starting point, the importance of committing to a plan, the basics of good financial management.
There’s an extensive section called Lean on Me, which considers the many types of advice and advisers we may call upon, from life coaches to business coaches, psychologists to different types of lawyers and aged care placement assistance. The many types of risk, super, investments and cash flow are covered so if you had the time, inclination and perseverance to DIY, this would be an excellent reference, with tools in the back to assist the reader to find relevant resources. The book encourages the reader to look at what makes them tick.
Woven through what could be considered by some to be a financial planning manual are the author’s own experiences. This is a personal and heartfelt tale. Lisa’s story is a frank picture of how expectations can often be derailed when life doesn’t go to plan. This is where the book’s message hits home – Lisa goes into detail of how she regrouped, assessed what she did and didn’t want in life, the compromises that were made and how she now has a life that she lives with joy because she is in control and knows it is affordable find more. Lisa’s book is available through the website at www.eponafg.com