Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
Capital gains tax is a type of tax levied on the profits earned from the sale…
5 min read
If you're a salaried individual, it's crucial to understand the importance of liability planning.
5 min read
From fixed income to stocks, mutual funds, real estate, and gold, there are several investment options…
7 min read
Learn how to start your investment portfolio with our comprehensive step-by-step guide. Learn how to start…
5 min read
Exchange-Traded Funds (ETFs) have become increasingly popular investment vehicles in recent years, offering a hybrid between…
5 min read
Filing your Income Tax Return (ITR) in India can feel overwhelming, especially for first-timers. The complex…
4 min read
Are you looking for an investment that allows you to grow your hard-earned money with market-linked…
4 min read
Imagine you’re at work on a typical Monday afternoon. Suddenly, a sharp pain hits your chest.…
5 min read
Filing your Income Tax Return (ITR) in India can feel confusing at first. There are a…
4 min read
In a world increasingly focused on material wealth, understanding the psychological aspects of money is key…
3 min read
Ramesh Rao, a 60-year-old retired IT professional, lives in Bengaluru with his wife, Meera. Their children,…
3 min read
The discussion of “making a will” brings images of heavy paperwork, legal jargon, lawyers, hefty fees,…
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.