1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
5 min read
How to Restructure Your Loan: Understating Loan Restructuring
The devastating effects of the COVID-19 pandemic left a trail of financial turmoil in its wake.…
6 min read
Are Your Mutual Funds Portfolios Overlapping? Here’s How to Tell
Building a well-diversified mutual fund portfolio is key to reducing risk and maximising returns. But many…
6 min read
Income Tax on Income Earned Online in India
Unlock the secrets of navigating income tax on your online earnings in India with our comprehensive…
5 min read
Creating a Will? Don’t Overlook Section 63 of the Indian Succession Act!
When it comes to safeguarding your legacy, creating a will is one of the most important…
5 min read
Introduction to Behavioural Finance: Decoding the Psychology of Financial Decision-Making
Behavioral finance explores how psychology and biases impact financial decision-making.
4 min read
The Reality of Mumbai Realty
Mumbai, known as “Amchi Mumbai,” is a symbol of India’s strength and ambition. This lively city…
3 min read
Succession Certificate vs. Legal Heir Certificate: Understanding the Difference
When a person passes away without a will, transferring their movable and immovable assets can become…
7 min read
Financial strategies when you are in your 20
Are you in your 20s and looking for ways to manage your finances? This article is…
4 min read
Adjusting the sails of your investment to the weather
Every time there’s a minor correction in the market, we hear the same concerns: “Markets are…
3 min read
What Are Top Financial Challenges India’s Face in Today’s World?
Financial security has become a common concern for many in a world where economic uncertainty is…
3 min read
Documents Required for Surrendering a Life Insurance Policy
Surrendering a life insurance policy with the Life Insurance Corporation (LIC) of India involves a structured…
6 min read
Understanding the Role of Stablecoins in the Crypto Market
Explore the dynamic role of stablecoins in the crypto market as they bridge the gap between…
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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.
