Making a Financial Plan: What Do You Need to Know? | SilverLake Financial
                     HOW DO YOU GET STARTED WITH A 
FINANCIAL PLAN? 
 
People rely on financial planners for advice and guidance when 
it comes to planning for the future of their finances. Regardless 
of when you begin, there are some fundamentals that never 
change. 
 
Take a Moment to Analyze the Situation: 
The most important details in financial planning are earnings, 
net worth, income & expenses, policies of insurance, returns on 
taxes, portfolios of investments, and benefits for employees. 
 
 
 
 
 
 
 
 
 
 
 
Decide What You Want to Accomplish: 
For a successful business, couples need to set measurable goals 
as their values, attitudes, and extended family obligations can all 
affect the success of the venture. Examples include education for 
children, providing support for elderly parents, and providing 
financial goals. 
 
Invest in a Certified Financial Planner: 
Financial planners have varying levels of expertise based on 
their area of expertise, so considering your current situation is 
important before choosing one. Getting referrals from friends, 
family, and coworkers is the most reliable way to find a 
provider. 
 
 
 
 
 
 
 
 
 
 
Developing Your Strategy: 
Based on a review of current financial needs, such as budgets, 
savings plans, retirement plans, and investments, financial 
planners offer recommendations and solutions. 
 
Developing a Plan and Executing It: 
Implementation is the key to the success of a financial plan, so 
hiring a financial planner is essential. When it comes to 
challenging tasks such as investments, your investment advisor 
should coordinate your efforts and collaborate with other 
qualified professionals. 
 
 
 
 
 
 
 
 
 
 
Review and Refinement Process: 
It's essential to review a financial plan as part of a long-term 
planning process, and a qualified financial planner can assist in 
tracking progress as needed. 
 
 
 
 
 
 
 
 
To compete for your business, Silverlake Financial is always 
looking for new lenders. Their security and protection of your 
data makes you feel confident about entrusting them with it. 
Security is of bank-grade standard at the company.