5 Great Financial Planning Gifts for Your Valentine

5 Great Financial Planning Gifts for Your Valentine

February 14, 2024

As Valentine's Day approaches, the exchange of gifts becomes a cherished tradition for many couples. While flowers, chocolates, and romantic dinners are delightful, consider a gift that goes beyond the ephemeral and invests in your partner's financial wellbeing. Here are five thoughtful financial planning gifts to give to your Valentine this year – gifts that resonate with care, foresight, and a shared vision of the future.

#5: Personal Finance Book

Knowledge is a powerful gift, and a well-chosen personal finance book can empower your partner to take control of their financial journey. Look for titles that cover topics like budgeting, investing, or retirement planning. Books such as "The Total Money Makeover" by Dave Ramsey, "Rich Dad Poor Dad" by Robert Kiyosaki, or "The Millionaire Next Door" by Thomas J. Stanley and William D. Danko can provide valuable insights and strategies for achieving financial success.

#4: Financial Planning Consultation

Consider giving the gift of professional financial advice. Schedule a consultation with a certified financial planner (CFP) who can help your partner assess their current financial situation, set realistic goals, and develop a comprehensive financial plan tailored to their needs and aspirations. A financial planner can provide guidance on saving for major life events, managing debt, investing wisely, and planning for retirement, laying the groundwork for a secure financial future together.

#3: Investment Portfolio Starter Kit

For the Valentine who is interested in building wealth through investing, consider assembling an investment portfolio starter kit. This could include a selection of stocks, bonds, mutual funds, or exchange-traded funds (ETFs) aligned with your partner's risk tolerance and investment objectives. Alternatively, you could gift a contribution to their existing investment account or open a new investment account together, fostering a shared commitment to long-term financial growth and prosperity.

#2: Online Financial Education Course

In today's digital age, there is a wealth of online resources available to help individuals expand their financial literacy. Gift your Valentine access to an online financial education course or subscription service that covers a wide range of financial topics, from basic money management skills to advanced investment strategies. Platforms like Coursera, Udemy, or LinkedIn Learning offer courses taught by industry experts that can be completed at your partner's own pace, empowering them to make informed financial decisions with confidence.

#1: Estate Planning Package

While it may not be the most romantic gift, an estate planning package is a thoughtful gesture that demonstrates your commitment to protecting your loved one's financial interests and ensuring their wishes are honored in the event of incapacity or death.

Consider gifting a session with an estate planning attorney who can assist your partner in drafting essential documents such as a will, power of attorney, healthcare directive, and beneficiary designations, providing peace of mind and security for the future.

Investing in Your Relationship

This Valentine's Day, consider giving the gift of financial planning – a gift that transcends material possessions and fosters a deeper connection rooted in shared goals, values, and aspirations. By investing in your partner's financial well-being, you are investing in the strength and longevity of your relationship, laying the foundation for a lifetime of financial security and prosperity together.

Happy Valentine's Day!

If you want to discuss about your financial planning, you can reach me at sunhee.lee@genesiswealthmgt.com and also schedule online virtual meeting here, https://go.oncehub.com/SunheeLee

Important Disclosures:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.

This article was prepared by Financial Media Exchange, LLC. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC. GENESIS Wealth Management LLC is not a registered Broker/Dealer and is not affiliated with LPL Financial.