Creating your own Financial Plan is relatively simple, in theory. You just work out what you want to do with your life, how you want to live it, what professional ambitions you have and how wealthy you want to be. Then you make plans to achieve all of those things. Your finances, assets and cashflow should complement and encourage you to achieve your goals.

I have written before about the drawings of Carl Richards and how they manage to effortlessly sum up what financial planners often try to advise their clients on. The image below is an excellent example of what a really simple financial plan could look like.

Simple Financial Plan

Clients of Investor Profile will know that I place great emphasis on making best use of your money, which means spending it as well as saving and investing it. A good Financial Plan should be about using your money. Whether that is to use it for investments that create income for you so you can work less, use it to buy experiences and more time with family and friends, or use it as a cash reserve so you can sleep well at night knowing your finances are secure.

Creating your own financial plan should be fun, useful and ultimately, in some way, life changing.

Blog by Jaskarn Pawar

Jaskarn Pawar is an experienced and award winning Chartered and Certified Financial Planner. He advises people all over the UK on financial planning and wealth management issues to help them reach solutions to fit their personal needs. You can contact Jaskarn on 01604 211234 or by e-mail on