A financial plan is the road map for your financial life. It covers major financial areas of your life addressing aspects such as cash flow, savings, debt management, risk management, childrens education planning, taxes, retirement, estate planning, and of course, investments and a strategy for managing them. It is more than a guide. It is a written strategy that gives you a clear, pragmatic path to follow towards the accomplishment of your most important financial goals.
Having a financial plan is like having a travel plan – it identifies where youre going, how and when youll get there, how much will it cost, and things to do along the way. A personal financial plan looks at where you are today and where you want to go. Then it sets out all the steps you need to take to get there. Everyone who is earning should draw up a financial plan. The plan will help you get the most from your money and help you in achieving your financial goals in life.
Some people naturally resist the process of creating a Financial Plan. Initially, it seems overwhelming and/or just too much of trouble. However, the potentially devastating consequences of not having it are far greater than the initial discomfort that you experience of the process. For most people we have worked with, the hardest part is just making the decision to get started. Once the process has begun, most clients find it engaging and interesting.
Child Education Planning
All parents dream of fulfilling all the requirements and desires of their kids. They want to give the best to their juniors. Best of education, best of toys, best of health, best of everything! The only problem with these best things is that these have the best price tags too!
But what can a father do, after all it is about the childs future. Or is this really the case? Maybe something could have been done. Think of a parent who started planning for their kid even before it was born and begun investing when the little one arrived. They had a pretty long time (about 18 years for higher studies and 25 years for marriage and house). It is no-brainer in investment world that the sooner we start, the better it is, and for a very basic reason – the magic of compounding.
For passive investors, those who find stock symbols like chemical formula, investing directly in equity mutual funds could be a preferred option.
Child Marriage Planning
Child marriage is a violation of child rights, and has a negative impact on physical growth, health, mental and emotional development, and education opportunities.
Retirement Planning
Retirement planning means saving sufficient funds to provide for a comfortable lifestyle after retirement.We can plan and advice you how to build up your Retirement savings over a period of time from now. We have proven asset allocation strategies that will help you get higher inflation-adjusted returns on your existing assets. We also track and re-balance their assets to protect it from the volatility of the markets.
