As a financial planner, I believe in the efficacy of financial planning. One of the core tenets of true financial planning is modeling. Not the kind of modeling that Giselle does, but rather financial modeling. The benefits of financial modeling are plentiful; however, my favorite aspect is understanding what moves the needle.
What do I mean by “move the needle”? You see, modeling is an imperfect science, as there are infinite unknowns about the future we can’t control. What we can control and glean from modeling is the net effect of our decisions. It can reveal if paying off the home early or investing makes sense. What happens if you buy a second home, or pay for all three kids’ college tuition? I really enjoy rolling up our sleeves together and helping decipher the data to make well-informed directional decisions.
