Not sure how to plan for your future? The Financial Planning Pyramid is a widely accepted, simple tool for building your financial plan. The pyramid illustrates how developing a financial plan proceeds in an orderly fashion and that it must be built on a sound foundation.
The pyramid demonstrates which financial planning issues should be addressed first: insurance needs, a properly drawn will, debt elimination and an emergency fund.
As you move up the pyramid (as your financial life moves to higher levels), income protection needs should be replaced by wealth accumulation, with each level having more risk, but with the potential for higher returns.
