Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
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Whether you're just starting your career or nearing retirement age, this article outlines 5...
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While systematic investment plans (SIPs) continue to be one of the best ways to grow wealth…
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Receiving an income tax notice might feel like a thunderstorm on a sunny day, but it’s…
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Looking to protect your assets and minimize your financial risks?
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Finding your dream home is an exhilarating experience. But the excitement can quickly fade as you…
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Navigating the dynamic world of cryptocurrencies, especially within the decentralised finance (DeFi) sector, can be challenging…
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What is Retirement Planning? Retirement planning involves preparing today for your future life so that you…
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Walk into any bank branch, and you will likely find a bank relationship manager (bank RM)…
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Earning above ₹10 lakh annually places you in one of the highest income tax brackets in…
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In the past few decades, India’s financial sector has witnessed a troubling rise in the mis-selling…
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When discussing personal finance, one topic we can’t overlook is income tax filing—an annual ritual where…
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The National Pension System (NPS) is a long-term retirement savings scheme designed to provide financial security…
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.