Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
Ask him to help. You need the money. You don’t ask. Instead: panic, anxiety, irritable bowel…
3 min read
In the landscape of finance, Peer-to-Peer (P2P) lending has emerged as a transformative force, revolutionizing the…
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In the bustling city of Mumbai, amidst the chaos of daily life, Rohan, a young professional,…
6 min read
Explore the dynamic shifts in cryptocurrency regulations. Stay informed and adapt to the changing contours of…
It was a grim evening. I was reading and re-reading a piece of text that I…
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When navigating the complex terrain of life insurance, understanding the concept of surrender value is essential.…
18 min read
Life has many phases: birth, childhood, youth, middle age, and finally, retirement. Here, we focus on…
Before getting off a rickshaw, or upon approaching a store counter, or while paying for dinner,…
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As the tax season approaches, one of the most crucial decisions taxpayers face is selecting the…
8 min read
Credit cards—often viewed as a great tool of convenience by some due to their ease of…
Many years ago, I came home from college one afternoon to find that my father had…
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Introduction Did you miss filing your ITR last year or the year before? If the answer…
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.