Most Frequent Mistakes Consumers Make When Approaching The Financial Planning Process

Source: CFP Board Certificant Survey, March 1997

Don't Set Measurable Financial Goals	69.7%
Make A Financial Decision Without Understanding Its Effect On Other Financial Issues	69.4%
Confuse Financial Planning With Investing	64.9%
Neglect To Re-evaluate Their Financial Plan Periodically	62.7%
Think Financial Planning Is Only For The Wealthy	50.4%
Think Financial Planning Is Something You Do When You Get Older	41.4%
Think Financial Planning Is Same As Retirement Planning	40.6%
Wait Until They Have A Money Crisis To Begin Financial Planning	37.4%
Expect Unrealistic Returns On Investments	34.2%
Think Using A Financial Planner Means Losing Control Of Their Decisions	18.7%
Believe Financial Planning Is Primarily Tax Planning	6.9%

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