The term “financial planning” is commonly misunderstood by people that live in a society where everything is readily available at their fingertips. Consumers everywhere are bombarded with temptations that offer an instant fix for acquiring money which in reality are financial debacles in disguise.
In addition to the age of instant gratification, financial planning is often misconstrued due to the fact it is a relatively new profession. Although most of us know someone in the financial planning or investment business, unfortunately the reality is that most of the people that call themselves financial planners represent a percentage of society that does not fully understand the concept, according to P. Christopher Music, President of Wealth Advisory & Associates.
On the flip side, a recent article in Investment News pointed out that more and more people misunderstand financial planning but are also considering the consequences of not having quality financial advice. Depending on an individual's socioeconomic status, the questions that need to be answered are, “Can I get it?” and, “Can I trust it?”
In the new release of his publication, What Every Private Practice Physical Therapist Needs to Know About His or Her Financial Future, P. Christopher Music addresses these issues and provides a program for private practice physical therapists that provides a simple clarification of what financial planning is and why it is important for everybody. When you visit a financial planner, they will provide you with a plan for taking the money that you have and reinvesting it to improve your financial condition. According to Music this is the conventional way to go about financial planning, however he stresses that there is one major missing element which must precede the investment plan. This is a crucial element that is important to private practice physical therapists that financial planners almost always overlook.
“With a private practice there are specific steps that you must take to create gross income and allocate the income that is generated through an independent private practice prior to utilizing traditional financial planning techniques,” Music says.
The financial methods that P. Christopher Music discusses in What Every Private Practice Physical Therapist Needs to Know About His or Her Financial Future helps private practice physical therapists to focus on important aspects associated with owning a business to implement smarter planning and financial growth instead of handling emergencies as they materialize which takes them further away from financial goals.
About P. Christopher Music
P. Christopher Music is an MBA, Certified Wealth Preservation Planner, Certified Asset Protection Planner, Registered Financial Consultant and Certified Management Consultant. He is the President of Wealth Advisory Associates with nearly 20 years experience in financial planning and business consulting with a specialization in advising private-practice physical therapists. Mr. Music applies both his financial and business acumen toward a holistic and healthy-growth approach to investment planning. Visit Mr. Music at www.wealthadvisoryassociates.com
