1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
3 min read
Investing Showdown: Real Estate vs. Stocks – Where to Put Your Money?
Join us as we unpack the 'Real Estate vs. Stocks' dilemma for Indian investors, guiding you…
4 min read
Effective Budgeting Strategies for Young Professionals
For most young adults, their early-mid twenties are a transitional period. This is usually when you’ve…
4 min read
The Importance of Emergency Funds and How to Build One
In the world of personal finance, there’s one piece of advice that financial experts agree on…
3 min read
Decoding Economic Trends: What They Mean for Your Personal Finances
Uncover the impact of economic trends on your personal finance and harness this knowledge for informed,…
How We Factor Your Life Stage into Your Financial Plan
We think of financial planning as a holistic exercise that should be attuned to who you…
4 min read
Factors to Consider Before Making a Loan Prepayment
Tired of long nights spent tossing and turning, kept awake by thoughts of towering debt or…
3 min read
Product over people : How you are missold a financial product
Picture this: you step into a financial institution, most likely a bank, seeking an insurance plan…
4 min read
Avoid These 8 Common Mistakes While Drafting Your Will: A Comprehensive Guide
Explore common pitfalls in will drafting and discover insightful tips to create a robust will for…
3 min read
Understanding Per Capita Income: How It’s Calculated and What It Indicates
This article explores the concept of Per Capita Income, its calculation, and its significance in assessing…
How Does India invest? A Look Into 2023 Report
Investments are often a window into a nation’s economic pulse and the confidence of its people.…
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…
How Our Commission Analyser Helps Review Your Mutual Funds
In India, financial products aren’t always sold to you in your best interests. Mis-selling is rampant,…
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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.
