Financial planning helps you take firm and confident steps towards your dreams. You might have thought of a foreign trip, an independent house or living a dream with your family. Financial Planning lets your dreams never go away due to responsibilities! Financial planning supports your dreams while taking care of your responsibilities.
Retirement is such a stage of our life for which most of the Indians do not have a proper plan in place. We all are going to spend almost one third of our life as a retired person when we shall not have any income and lot of medical expenses.
It can be one's biggest nightmare if has not been planned properly because suddenly we shall find ourselves in a very uncomfortable situation if we do not enter our retired life with a sufficient financial asset in place.
Financial planning helps you create adequate corpus for retirement when expenses continue but income keeps shrinking during your earning life. If you’re planning a retirement after more than 10 years you should plan investing from now because the magic of compounding is experienced if stayed invested for a long term.
Inflation destroys our purchasing power with passing of time and is the biggest enemy of future financial goal. Now is the time to take control of our finances and utilize our finances in such a manner that it beats the inflation.
In Indian context, if calculated with the factual figures price of Rs. 100 in September 1979 was Rs. 5.55 in September 2015 and is going to go down further. It is a fall in the value of money.
Financial planning ensures you sustain the inflation while keeping your goals unaffected.
We believe in the philosophy that "Life is full of certainties and if we can plan them well, we can enjoy life to the fullest with complete peace of mind". These certainties are called our Long Term Goals. It can be buying a luxurious car, beautiful home, family vacation, early retirement, children's' education & marriage, charity etc. These are certain events of anyone's life and one can have better control of them with the help of Financial Planning.
It is better to plan early since investing options may earn high returns over the period of time. Investing your money from now will make it easier to achieve such long term goals.
Prevention is better than cure and when it’s about money, getting ready is better than regretting. There might be unavoidable and unexpected times ahead which may become hurdles before your goals. Financial planning involves being ready for such situations without affecting primary goals which can be either short term or long term. Providing security to your family is an important part of financial planning.