Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
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As of December 31, 2024, the Indian mutual fund industry’s Assets Under Management (AUM) reached ₹66.93…
In 2017, at the height of Premier Kabaddi League’s popularity, Joseph George created his kabaddi team…
3 min read
Introduction While most people around you might have successfully filed their Income Tax Returns for the…
2 min read
Investing in mutual funds can be a complex endeavour given the multitude of options available. To…
3 min read
Ramesh Rao, a 60-year-old retired IT professional, lives in Bengaluru with his wife, Meera. Their children,…
5 min read
Filing your Income Tax Return (ITR) in India can feel confusing at first. There are a…
2 min read
This blog post explores the benefits and potential pitfalls of credit cards, emphasizing the significance of…
3 min read
Learning about finance doesn’t have to be dull. It can be engaging, interactive, and even game-like.…
5 min read
Exchange-Traded Funds (ETFs) have become increasingly popular investment vehicles in recent years, offering a hybrid between…
9 min read
Gain insights into the intricacies of capital gains taxation and navigate the complexities of maximizing financial…
3 min read
The New Year is the perfect time to hit refresh and think about how to take…
4 min read
Hedge funds and mutual funds might look similar at first—they both pool money from investors and…
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.