The Value of Advice – Importance of Planning for Short-term and Mid-term Goals

PMG’s research reinforces the many benefits of setting up a plan to meet short-term and medium-term goals. While the financial benefits are obvious with increasing savings, it is the building of good financial habits that drive success – incremental progress can add up to major success in the long run. Additionally, the research highlights the importance of working with a financial advisor to establish the plans and follow through to achieve them. In short, having short-term and medium-term goals that are consistently worked toward can create momentum for longer-term results and help to create a solid financial foundation built on good habits.
The infographic presented below highlights additional advantages that come with receiving advice on establishing short-term and medium-term goals.

You can unlock this primary study and more with a PMG MarketMine subscription, available to Canadian Financial Institutions.