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Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
4 min read
Alternative Investments to Fixed Deposits as FD Interest Rates Begin to Drop
Banks have started reducing interest rates on fixed deposits (FDs) since the...
5 min read
What is a REIT in India and How Can You Invest in REIT?
Imagine owning a piece of premium commercial real estate in Mumbai, Bangalore,...
7 min read
Gold Has a Golden History, But Will It Have a Shining Future?
There’s one metal that is historic, timeless and valuable. Yet not rare...
8 min read
Real Estate in Gurugram – Prices, Affordability, Top Performing Markets and Future Trends
Located on the southwestern fringes of India’s capital, Gurugram, formerly Gurgaon has...
4 min read
Tax-Loss Harvesting for FY2024-25: How to Set Off Loss from Stocks, Mutual Fund and Save Tax
Tax-loss harvesting is a financial strategy in which you sell investments at...
8 min read
Real Estate in Bangalore: Prices, Affordability, Top Performing Markets and Future Trends
Key Takeaways Like what you're reading? Get our latest, straight to your...
4 min read
Don’t be Fooled by Lower Expense Ratio of Gold Mutual Funds: You Pay Expense Ratio for Both Gold Mutual Funds, ETFs
Most investors try to find the right balance in investing, and in...
1 min read
Real Estate in Hyderabad: Prices, Affordability and Future Trends
Hyderabad, historically known as the “City of Pearls,” has evolved into one...
2 min read
Understanding CAGR and XIRR: Which One Should You Use to Calculate Investment Returns?
The objective of any investment is to generate returns, and while calculating...
4 min read
5 Reasons Why NPS Should Be Your Go-To Option for Retirement Planning
Are you looking for an investment that allows you to grow your...
4 min read
Liquid Funds Offer Better Returns than Bank Savings Accounts: Know All About Liquid Funds
When it comes to mutual fund investments, we often think that equity-oriented...
4 min read
How to invest in the US stock market from India
They say diversification is the only free lunch in investing. We all...
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Frequently Asked Questions
What is financial planning?
Financial planning is the process of evaluating your current finances and making a plan to map your journey to financial well-being.
It involves looking at all aspects of your financial life - income, savings, debt, investments, etc.
The aim is to understand where you stand today financially and then chart a course to get you where you want to be in the long run.
Financial planning provides direction and structure to your finances. It helps you intentionally move toward financial wellness.
The plan equips you to prepare for expected life events like retirement as well as unexpected events.
In short, financial planning bridges your present circumstances to your desired financial future. It gives you a path to follow.
What are the benefits of working with a financial advisor?
Working with a financial advisor can provide an invaluable perspective on your current situation. With the help of a financial advisor, you can assess your finances holistically - debts, assets, income streams, and more. With this comprehensive understanding, the advisor helps craft strategies tailored to your needs.
A financial plan crafted by a qualified advisor grants you agency over your financial life. It transforms vague anxiety about the future into proactive preparation. With expert guidance, you can map out actionable steps to strengthen your finances over time.
Why is financial planning important?
Financial planning is important because it provides clarity and control over your finances.
Having a financial plan helps you:
- Understand where you stand financially today
- Map out specific steps to improve your financial situation
- Prepare for major life events like marriage, child’s education, retirement etc.
- Budget effectively and evaluate your investment portfolio
- Strategic Tax Planning & Filing
- Manage and reduce debt
- Being financially ready for emergencies
- Creating a will to preserve your legacy
In short, financial planning is essential for financial stability and peace of mind. It gives your finances direction and purpose. With proper planning, you can take charge of your money and build financial security.
