Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
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In India, financial products aren’t always sold to you in your best interests. Mis-selling is rampant,…
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When it comes to dreaming about a life well lived, personal finance can’t be ignored. Think about…
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When you approach a bank to obtain a locker, many banks require you to open a…
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As of December 31, 2024, the Indian mutual fund industry’s Assets Under Management (AUM) reached ₹66.93…
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Are you worried about running out of money in retirement? Our article on retirement income...
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Investing in mutual funds can be a complex endeavour given the multitude of options available. To…
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Explore the potential of sector funds as we demystify this overlooked, yet potent, category of mutual…
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As the holiday season approaches, millions of people are gearing up for memorable trips, whether it’s…
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NPS is divided into Tier 1 and Tier 2 accounts, each serving different investment purposes. Tier…
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When you retire, it is not only your income that stops! Retirement is not just a…
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When storing cryptocurrencies, choosing the right type of wallet is crucial. There are two primary types:…
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Learning about finance doesn’t have to be dull. It can be engaging, interactive, and even game-like.…
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.