Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
3 min read
In the Indian psyche, gold is more than a precious metal; it’s a symbol of prosperity…
5 min read
Filing an Income Tax return often brings a sense of relief for taxpayers, but that relief…
3 min read
Your financial future is a vital part of your life. It encompasses your dreams, your security,…
3 min read
In today’s fast-paced world, accessing funds through personal loans has become easier than ever, thanks to…
6 min read
This guide empowers salaried individuals with essential tax planning knowledge to effectively manage taxes and maximize…
5 min read
Your trusted guide for unraveling the complexities of Income Tax Rules for Non-Resident Indians (NRIs).
7 min read
Newman D’silva has hosted over 500 events since 2013 — but that’s not all he’s been…
4 min read
This blog delves into the critical aspects, benefits, and comparisons of Super Top-Up Health Insurance and…
5 min read
Homeownership is always a matter of pride, specifically in the Indian context where family traditions have…
3 min read
In everyday transactions of late, you might’ve noticed a gradual spike in the price of fuel,…
5 min read
As a business owner or a self-employed taxpayer who isn’t on a monthly payroll, you’re probably…
4 min read
If I had a dime for every bad financial decision I made during my initial years…
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.