When it comes to financial planning, many people look at reaching their goals one at a time. Taking this linear approach means that they save enough money to reach their most immediate goal, before thinking about the next one.

As an engineer-turned-financial planner, I was quick to put my seven-year process engineering practice to use when reviewing many of my client’s financial plans.

You will never finish a race if there is no finish line. Likewise, you will never get to where you want in life financially if you don’t have goals to reach. Setting your goals is the first, and arguably the most critical step of the financial planning process. By putting down your goals on paper, you have established a finish line to aim for. Financial planning will establish the fastest and most efficient route to get there.