Personal Finance

Planning for Financial future: Where to start?

Personal Finance

5 min read

Planning for Financial future: Where to start?

Essential financial Tips for future Welcome to the exciting world of financial planning! Are you ready…

The Role of a Financial Advisor in Retirement Planning

Personal Finance

3 min read

The Role of a Financial Advisor in Retirement Planning

By the textbook definition, ‘retirement’ is a stage in life when a person decides to quit…

How to afford a house in India in 2024!

Personal Finance

4 min read

How to afford a house in India in 2024!

In my short career of being a financial planner for the last 12 years, I have…

Decoding a Will for a retail customer with the right questions

Personal Finance

3 min read

Decoding a Will for a retail customer with the right questions

The discussion of “making a will” brings images of heavy paperwork, legal jargon, lawyers, hefty fees,…

How to Save for a House: Mastering the Art of Saving

Personal Finance

7 min read

How to Save for a House: Mastering the Art of Saving

So, you’re all set to embark on the exciting journey of buying your dream home, huh?…

What is the Role of a Financial Advisor in Your Life?

Personal Finance

5 min read

What is the Role of a Financial Advisor in Your Life?

“There is no such thing as a self-made man. You will reach your goals only with…

When the Sky Falls: What to Do Amidst Financial Turbulence

Personal Finance

7 min read

When the Sky Falls: What to Do Amidst Financial Turbulence

In case you have watched the TVF record-making series ‘Sapne vs Everyone,’ you must remember episode…

Leveraging Derivatives for Personal Wealth Management – Pros and Cons

Personal Finance

4 min read

Leveraging Derivatives for Personal Wealth Management – Pros and Cons

Leverage allows traders to amplify their exposure to an underlying asset without needing to commit the…

5 Signs It’s Time to Refinance Your Loan

Personal Finance

4 min read

5 Signs It’s Time to Refinance Your Loan

Financial responsibilities come in many forms, and loans are a common part of life for many…

How To Master Financial Planning During Major Life Stages

Personal Finance

4 min read

How To Master Financial Planning During Major Life Stages

Life’s transitions are pivotal moments that shape our journey, affecting both our financial well-being and emotional…

5 Horsemen of Solid Personal Financial Planning

Personal Finance

5 min read

5 Horsemen of Solid Personal Financial Planning

Throughout history one question has been consistently pondered upon- what constitutes a well-lived life? While the…

4 Biggest Disadvantages Of Not Having A Financial Advisor

Personal Finance

4 min read

4 Biggest Disadvantages Of Not Having A Financial Advisor

It is heartening to know that lately more and more people are becoming genuinely concerned about…

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Frequently Asked Questions

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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.

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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.

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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.