Personal Essays
7 min read
One on One with a Ski Guide
Mushtaq Ahmad Magray has been taking to the snowy slopes of Gulmarg — India’s ski capital…
7 min read
One on One with a Bat Biologist
Welcome to our very first edition of One on One, an exclusive series of leisurely interviews…
3 min read
How Reactive Purchases Impact Our Carbon Footprint
It all began with a dressing gown. Like what you're reading? Get our latest, straight to…
4 min read
How Do You Ask for the Raise You Deserve?
It’s easy to fall into a financial rut in any profession – but especially so in…
4 min read
The Allure of Fantasy Sports
In 2017, at the height of Premier Kabaddi League’s popularity, Joseph George created his kabaddi team…
4 min read
Why Are We Afraid to Plan for Bad Endings?
In Bhutan, thinking about death is as much of a daily ritual as eating or praying.…
4 min read
Back to Basics with a Money Jar
For a freelance travel writer, there’s never enough travel. Assignments and hosted trips are all well…
4 min read
The Values Behind Our Brand Identity
We know that a lot goes into building a brand — after all, it’s not just…
4 min read
The Financial Realities of the Soft Life
The daily grind. The hustle culture. The nine to five. Like what you're reading? Get our…
4 min read
The Sweet Relief of Being Financially Literate
I sit sweating uncomfortably in our living room on a humid Goa morning, halfway through a…
4 min read
Do What You Love, But You May Not Earn as Much
“Money, it’s a gas.” “Money, money, money, must be funny, in the rich man’s world.” “Money,…
4 min read
Are Millennials Worse Off than Baby Boomers?
For her 31st birthday, Charu, a high-level marketing executive with a large MNC, decided to treat…
Discover your MoneySign®
Identify the personality traits and behavioural patterns that shape your financial choices.
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.
