1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
How Soon Can I Retire?
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Can I Achieve Financial Freedom by 45?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
How Imposter Syndrome Sneaks Up on Your Finances
Call it a bias, a pattern or a habit, but at its most basic level, imposter…
Why Everyone Stands to Benefit from Estate Planning
When we speak of estate planning, what comes to mind is that it is a complex…
Is It Too Late to Course-Correct My Finances in My 50s?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
How to Invest to Combat Inflation
Inflation is a pervasive but regular economic occurrence that weakens purchasing power. It causes concern among…
The Benefits of Being a Budget Bride
When I was 27, my salary account had a monthly cycle. Full on the first, inexplicably…
What You Need to Create a Safety Net
We’ve often heard the adage that it is prudent to set aside some money ‘for a…
Navigating Money Matters in a Relationship
“In our home, all talk begins and ends with money,” Sarita complains to a concerned neighbour…
Is It Possible to Avoid Tax on Long-Term Capital Gains?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
Financial Learnings We’re Carrying into 2023
Ushering in a new year comes with its fair share of reflection on the past, and…
The Values Behind Our Brand Identity
We know that a lot goes into building a brand — after all, it’s not just…
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.
