1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
One on One with a Wedding Emcee
Newman D’silva has hosted over 500 events since 2013 — but that’s not all he’s been…
4 min read
Exploring the Commercial Real Estate Terrain in India | “Temperament” by 1 Finance
In today’s dynamic world, commercial real estate investment in India stands as a booming sector, growing…
3 min read
Exploring DeFi: Decentralized Finance
Exploring DeFi, the Financial Landscape with Decentralized Finance and Cryptocurrencies with its features and data.
ESOPs: A Startup Perk or a Corporate Trap?
Employee Stock Ownership Plans (ESOPs) are often pitched as a lucrative wealth-creation tool, allowing employees to…
3 min read
Manual vs. Automatic Lending in India’s P2P Lending Market
Peer-to-Peer (P2P) lending is gaining significant traction in India, offering a unique opportunity for both borrowers…
2 min read
How to Download NPS Statement
Tracking your National Pension System (NPS) contributions is crucial for financial planning. The NPS statement provides…
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,…
4 min read
Safeguarding your future: Decoding Term Insurance Vs Personal Accident Insurance
Introduction Life’s unpredictability often brings unexpected emergencies. While we can’t control these events, having the safety…
5 min read
Building Blocks to Financial Well-being
Discover the essentials of financial well-being and gain practical insights to navigate personal finance in India…
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…
3 min read
The Tussle Between Traditional and Behavioural Finance: A Historical Perspective
Explore the riveting clash of ideologies as traditional finance meets the innovative insights of behavioral finance…
5 min read
How to Secure Your Family’s Future with Succession Planning?
Secure your family's legacy and peace of mind through effective succession planning.
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.
