How would you explain the value of financial planning to friends or family?

Financial planning can be a valuable tool for anyone who wants to optimize their financial situation and achieve long-term goals. Financial planning helps individuals make well-informed decisions about their money by taking into account all aspects of their current financial situation and future goals. It allows individuals to identify areas where they may need to save or invest more, create an effective budget, establish short and long-term objectives, plan for retirement, and reduce taxes. In addition, it can give individuals peace of mind because it provides a comprehensive view of their finances so that they can take control of their financial future. Ultimately, having a clear understanding of one’s overall financial picture is essential for building wealth over time and achieving personal satisfaction.