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4 min read
The Allure of Fantasy Sports
In 2017, at the height of Premier Kabaddi League’s popularity, Joseph George created his kabaddi team…
5 min read
What is the best investment for you in 2025?
From fixed income to stocks, mutual funds, real estate, and gold, there are several investment options…
5 min read
Why paying the credit card minimum amount due is a debt trap and how to get out of it?
You have a credit card with a bill of ₹30,000 due. Your billing cycle ends on…
3 min read
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
The Hidden Link Between Loans and Investments: Are You Making Costly Mistakes?
Many people assume that loans and investments are independent financial decisions. However, they are deeply interconnected,…
8 min read
Sovereign Gold Bonds and Their Taxability
Have you considered investing in Sovereign Gold Bonds? Like what you're reading? Get our latest, straight…
3 min read
How to Create a Financially Smart New Year Resolution Plan
The New Year is the perfect time to hit refresh and think about how to take…
4 min read
Why Term Insurance is a Pure Risk Protection Plan
In the bustling city of Mumbai, amidst the chaos of daily life, Rohan, a young professional,…
3 min read
Asset Allocation vs. Diversification: Differences and Importance
If you’ve ever explored the world of investing, you’ve likely encountered the terms asset allocation and…
4 min read
Locate Network Hospitals for Your Health Insurance in India
Imagine you’re at work on a typical Monday afternoon. Suddenly, a sharp pain hits your chest.…
4 min read
What Do I Need to Know Before Taking On a Home Loan?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
4 min read
How to Save Capital Gain Tax in 2025?
Capital gains tax is a type of tax levied on the profits earned from the sale…
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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.
