The uncertain economic climate has caused many small business professionals to be wary of their future. The importance of feeling secure in an economy that is floundering has come to the forefront for private practice professionals prompting them to seek certain advantages from a financial planner who can make money on money in a safe way.
Many private practice physical therapists are unsure of what it means to be a financial planner and what financial planning means for them specifically. “People know financial planners but what exactly do they do and how can they help private practice professionals are the real questions,” says P. Christopher Music, author of What Every Private Practice Physical Therapist Needs to Know About His or Her Financial Future.
By following the advice in What Every Private Practice Physical Therapist Needs to Know About His or Her Financial Future on how financial planners can help them, private practice professional learn that the income must originate from a well run practice and then the investments can follow.
In a recent survey of physical therapy professionals who are private practice owners, some of the key benefits that they look for in a financial planner were revealed:
One-third of private practice physical therapy professionals expressed the desire to feel more secure for the future and wanted a financial planner to spell out each step and how particular strategies are going to secure their future regardless of business fluctuation. High expectations.
P. Christopher Music emphasizes that private practice professionals must have the confidence in their own financial judgment instead of being influenced by the misconstrued views of external factors in our society. This includes their perceptions of financial planners and whether or not they can deliver the benefits they are seeking.
About P. Christopher Music:
After 18-plus years of being a financial planner, P. Christopher Music decided there had to be a better way. Witnessing financial debacles of big industry and government-driven economies caused Christopher to take action, developing an instrument that measures the success of any financial plan. The Financial Prosperity IndexTM (FPI) is the back bone of Music’s firm, Wealth Advisory Associates (WAA). WAA is a financial planning firm focused on helping private-practice physical therapists understand and implement the most effective strategies to achieving financial success and security. Visit www.wealthadvisoryassociates.com