1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
The Financial Realities of the Soft Life
The daily grind. The hustle culture. The nine to five. Like what you're reading? Get our…
4 min read
The Psychology of Wealth: Navigating Financial Success with Mindset Mastery | Temperament by 1 Finance
In a world increasingly focused on material wealth, understanding the psychological aspects of money is key…
4 min read
How Financial Planning Can Help you?
When it comes to dreaming about a life well lived, personal finance can’t be ignored. Think about…
5 min read
Building Blocks to Financial Well-being
Discover the essentials of financial well-being and gain practical insights to navigate personal finance in India…
4 min read
How To Master Financial Planning During Major Life Stages
Life’s transitions are pivotal moments that shape our journey, affecting both our financial well-being and emotional…
4 min read
Why It Helps to Know Your Investment Horizon
The investment horizon — sometimes called the investor’s time horizon — is a fairly simple concept.…
5 min read
How to Calculate Income from Let-Out House Property?
If you own any residential or commercial property and rent it out, you’re required to declare…
2 min read
5 Key things to know before making a Will
Understanding that Will-making is important is a great start to ensuring that your assets are given…
How Would Having a Child Impact My Finances?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
A Cheeky Look into Everyone’s Festive Spending
Buy a box of 24 carat gold-leaf mithai. The guilt won’t be about the calories. Like…
4 min read
What is Financial Personality?
When it comes to managing money, everyone approaches financial decisions differently. Whether you’re a meticulous planner,…
5 min read
5 Horsemen of Solid Personal Financial Planning
Throughout history one question has been consistently pondered upon- what constitutes a well-lived life? While the…
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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.
