EventsFinancial Planning

Live your today and plan your tomorrow this Financial Planning Week

FPI

To celebrate Financial Planning Week, FPIMyMoney123 will be Supporting FPSB’s World Financial Planning Day. We have put together an impressive roster of free financial education webinars based on this year’s global theme: Live your today and plan your tomorrow

The webinars, hosted by experienced FPI professional members and covering five pivotal financial pillars, will run from 4 to 8 October 2021. The stellar line-up of speakers includes Kobus Kleyn, Arnold Singh, Phala Modise and Sue Cogswell, among many others.

A special splash will be made on World Financial Planning Day on 6 October. This day is all about uniting the global financial planning community and raising awareness about the value of financial planning. 

“After everything our country has been through recently,” says FPI CEO Lelané Bezuidenhout. “The FPI is more committed than ever to building a better financial future for all South Africans.”

What can I expect to learn? The five pillars

The webinars and panel discussions, which will feature input from highly experienced CFP® professionals from all over Southern Africa, will cover five different pillars which the FPI has identified as vital to fostering a healthier relationship with money.

Pillar 1: Busting financial planning myths

Many South Africans have misconceptions about what financial planning entails, how much it costs and what it can achieve. And who better to bust these myths than the financial planners themselves? Through the course of the week, our expert panellists will demonstrate through real-life examples that financial planning is not only for the wealthy, that you’re never too young (or too old) to see a financial planner and that executing a financial plan is an ongoing process that involves input from both client and planner.

Pillar 2: Children and money

The earlier you start to build a healthy relationship with money, the better. Financial planners don’t typically work with kids, but they do coach their clients on how to foster a savings culture in their children. Many financial planners have children of their own, and our experts will discuss parenting strategies, including how to manage pocket money, set and achieve realistic financial goals and even how to use planting a vegetable garden and selling the produce as a highly teachable moment.

Pillar 3: Creating financial resilience

Successful financial planning is all about creating strategies that will allow you and your family to thrive in good times and bad. Our expert panellists will reflect on their experiences of coaching clients through the economic uncertainty of the past 18 months to demonstrate the importance of improving your financial literacy, of creating a financial plan and learning to do without instant gratification, and of building a financial buffer by spending less than you earn.

Pillar 4: Goals and lifestyle

All the money in the world is worth nothing if you don’t have the time and the health to enjoy it. These webinars will focus on the fact that successful financial planning is about so much more than keeping your family’s balance sheet in the black. Each one of us has our own dreams, goals, and aspirations, and this should be reflected in a lifestyle financial plan. These goals should be specific, measurable, achievable, realistic and time-bound (SMART). Your financial planner should clearly understand where you are now and what you want to achieve in life – and they should assist, guide, and coach you to achieving this.

Pillar 5: Managing risk in your life

Life is unpredictable and we will always experience risk in our lives – not only during global pandemics. Our panel of experts will help consumers to determine which risks we can manage ourselves (by maintaining an emergency fund) and which need to be covered by insurance. These days there are insurance products to cover every kind of risk – from falling victim to a house fire to losing your job or contracting a dread disease. It’s important to work closely with a financial planner to establish which products your family needs to achieve your goals.

Need to know

  • Financial Planning Week runs from 4 to 8 October and World Financial Planning Day falls on 6 October.
  • Due to Covid-19 the education program will be entirely online. 
  • The webinars are free of charge, and recordings will be posted online for those who want to attend later.

For more information or to volunteer to assist at Financial Planning Week please contact us by phone at +27 (11) 470-6000 or email mymoney123@fpi.co.za

A detailed program will be released closer to the time. In the meantime, please tell as many people as possible about the opportunity to benefit from free financial planning advice in the first week of October! 







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