Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
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The National Pension System (NPS) is a market-linked retirement savings scheme that allows individuals to accumulate…
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Navigating the dynamic world of cryptocurrencies, especially within the decentralised finance (DeFi) sector, can be challenging…
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Diversification is the practice of spreading your investments around so that your exposure to any one…
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Earning above ₹10 lakh annually places you in one of the highest income tax brackets in…
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“Debt is a prolific servant but a terrible master.” Like what you're reading? Get our latest,…
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Form 26AS and Annual information statement (AIS) display a comprehensive view of the financial transactions made…
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Navigate India's complex financial landscape with our ten tax-friendly habits, setting the stage for wealth preservation,…
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Term insurance is a vital component of a sound financial plan. It provides financial security to…
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Money is known to be the great enabler that puts the life you desire within reach.…
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Buying a home is the biggest and probably the costliest financial decision we make in our…
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Looking to protect your assets and minimize your financial risks?
Identify the personality traits and behavioural patterns that shape your financial choices.
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.
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.
Financial planning is important because it provides clarity and control over your finances.
Having a financial plan helps you:
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.