With the term 'holistic' in mind, Chris Budd takes a look at what financial planning really means and compares it with approaches in the medical profession
Holistic is a strange word. It means to deal with or treat the whole of something and not just a part (according to the Cambridge dictionary). Let's look at some other definitions; Medicine: Treatment for illness or injury. Financial planning: The activity of making decisions about how someone should manage their financial arrangements. I would suggest these dictionary definitions for medicine and financial planning already assume that they are holistic. Treating the cause If you want to treat an illness, surely you need to consider the cause of the illness. If the patient...
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