“The Early Bird Catches the Worm” is a proverb that dates back to the seventeenth century. This phrase is attributed to William Camden and was first published in 1670 in  A Collection of English proverbs. The quote refers to the fact that the person who arrives first and is prepared will find success. Early preparation is a key to success in many facets of life, both in the modern age and historically.

The idea of financial planning is relatively new for most consumers. Only the very wealthy, members of the upper class did this type of planning before the mid 1940s.  Home economics degrees in colleges with classes such as Family Economics and Consumer Economics were part of the coursework in various colleges for over 100 years. However, financial planning for most Americans only began in the 1980s.

This planning has allowed those who were not the most wealthy to invest and leverage their money. After World War II,  financial planning established itself as a profession but did not have a codified set of standards.  In 1985 the Certified Financial Planning (CFP) Board established the certification. Those with a CFP designation must achieve education and pass an examination, adhere to a code of ethics, show their experience in financial planning and  renew their certification through further training. This designation Is designed as an assurance that the financial planner is competent and principled.

Using a CFP can help you be the early bird.  A CFP can help plan and prepare for market changes and keep you informed of what the fluctuations might be. His or her competence and alignment with the ethical standards also provides assurance that the CFP is putting your needs as a client first.

Les Merritt is a CPA and CFP and can help you to prepare your investments to use your money in profitable ways. Contact Les today. Call (919) 269-8553 to set an appointment. Be an early bird and get the ball rolling. Let Les Merritt and his staff enable you to make better use of your time and save money.

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