With evolving economic and financial landscape financial planning and financial planners have been steadily gaining attention in India. With liberalization,economic opportunities improved for individuals and Indian employment profile moved from majority public sector to private sector which resulted in reduced state-sponsored retirement benefits, increased incomes and low job securities etc.
Simultaneously as economy opened up new avenues of investments
Financial planning is a process which helps you to create structured and sensible decisions to help manage your finances better and achieve finance and life goals by proper management of your finances, you can read my post on financial planning for beginners to understand this in detail.
Financial planning is for every
Financial planning is an ongoing process and set of actions which enables you to take structured and sensible decisions to help you meet not just your financial obligations and goals but help you
Child Education is one of the top future expenses that is on mind of every parent. A 4 year Engineering in govt institute like IITs cost about 10 Lacs at present and a post graduate Degree in IIMs or prestigious B Schools costs anywhere between 30-40 Lacs at present. It is therefore inevitable to start planning for Child Education as early as possible to avoid any surprises later on.
Another financial year has just started and it is the perfect time of the year to plan for effective management of our personal funds. Financial planning i.e. planning your finances as the name itself suggests, is the most important factor in our lives but we often tend to ignore it or don’t have enough time to manage it effectively.
There are numerous things from the past that should be kept in mind while taking important decisions
Retirement starts with a vision and comes together with a great plan, there are two ways you can plan your retirement, one is what Dilbert suggests, but if you still think you need an alternate plan go ahead and read the post.
Lot of time customers ask me when
Some of the top questions we get from people in our Financial planning sessions are as follow
Retirement is an inevitable truth. This is the period where almost no income will flow into your account with the help of your skills atleast. A careful planning for the money requirements and your life style can really make a lot of difference in the later stages of your life. A good retirement plan goes a long way in deciding on how good your post retirement life will be. Gauging the importance of pension post
Personal Financial Planning is a an important but yet an ignored and unsaid problem in most part of the world. There are no generic rules that can be applied to arrive at a financial portfolio of an individual since everyone have their own unique goals and risk capability. We talked to various certified financial planners in India and tried to come out with the tips that can come in handy while designing a financial portfolio for an
What is an Emergency Fund
When you create a financial plan for yourself, you try to create a plan which will suffice for all scenarios which means how so ever external circumstances, you are able to respond to situations and are not forced into any sort of financial crisis, For any good financial plan emergency funds is and essential and a foremost component.
Emergency