1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
3 min read
The Role of Financial Professional Coach in Your Retirement
While navigating the intricacies of retirement planning, it’s essential to recognize the value of seeking expert…
Why Is It Hard to Talk About Money?
It’s a story as old as time. A bunch of friends go out for a meal.…
How Do You Ask for the Raise You Deserve?
It’s easy to fall into a financial rut in any profession – but especially so in…
Does Movement on the Stock Market Make Us Anxious?
There’s a scene in The Wolf of Wall Street where Matthew McConaughey’s character gives Leonardo DiCaprio’s…
What Are Financial Advisors Planning For?
All of us have financial goals that we’re working towards — and they’re usually incredibly personal. Our…
Saved Money, Will Travel
The Irish call it a Claddagh ring. It’s a pretty ring: two hands clasping a heart,…
4 min read
How to File a Life Insurance Claim
In an unpredictable world, a life insurance policy stands as a vital safeguard to protect our…
It’s Never Too Late
About two years ago, I logged into my bank account and felt a jolt of shock.…
The Treasures We Hold Close
How do you ascribe value to an object? Is it how much money it cost? Or…
Going Beyond Traditional Ways of Investing in Real Estate
Many of us dream of owning a home. This aspiration, along with the fact that real…
3 min read
Unknown Clauses About Life Insurance Policies to Watch
In India, life insurance has long been an emotional decision for families. It remains a push…
3 min read
Mastering Tax Season: Essential Preparation for ITR Filing
As the tax filing season approaches, it’s crucial to prepare for filing your Income Tax Return…
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.
