financial planning

Essential financial planning steps for millennials in India

Financial planning for millennials in India     Frequent life transitions necessitate financial planning for millennials. Millennials tend to rely heavily on debt, engage frequently in expensive money management, and display low levels of financial literacy. Currently, the millennials generation has an increasing wealth gap which means they have to start off with less income. …

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Pick your right investment through asset allocation

Minimize your risk through asset allocation     Every day we come across the word Investment. Investment is a crucial part of wealth creation, which helps in accomplishing our financial goals and also secures our financial future. This can be done through simple asset allocation. Our financial planners and advisors tell us regularly that we …

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WEALTH CREATION IN FINANCIAL PLANNING

WEALTH CREATION IN FINANCIAL PLANNING     In financial planning, wealth creation is always an end result. But there are many small steps involved in bringing the desired fruit. You might think, why I am elaborating on this topic now? In recent times, one of my relatives undergone a health emergency. It was an acute …

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WHY YOU NEED EARLY RETIREMENT

WHY YOU NEED EARLY RETIREMENT     Early retirement is a wonderful dream everyone should have. As we have discussed in our previous articles on convalescent planning and how passive income will accelerate retirement life. Our theme retirement stands so simple. Retirement is considered to the phase at which an active source of income stops, …

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EMERGENCY FUNDS

EMERGENCY FUNDS     “If you don’t plan your emergency situation well in advance, you will end up as a debt creator” Nowadays, Jobs and businesses have become unpredictable and insecure. In the last few years, we all have come across news that many lakhs of people been fired by their organization. Many people became …

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FINANCIAL PLANNING

FINANCIAL PLANNING     “Someone’s sitting in the shade today because someone planted a tree long ago” – Warren Buffet   Our current generation (1980-2000)’s is enjoying the life at age of 25-35, that the previous generation (1960-1980)’s people achieved at their retirement time, like bike, car, and home, etc. In recent decades, when a …

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BASIC HABITS FOR FINANCIAL PLANNING

BASIC HABITS FOR FINANCIAL PLANNING            Once you know the fundamentals before planning the financial goals, you have to gain some basic habits to manage goals and how to achieve it through financial planning. They are basically   Goal Setting Discipline, Consistent & Persistent Non – Procrastination Delayed Gratification   GOAL SETTING HABIT FOR …

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FINANCIAL PLANNING – FUNDAMENTALS TO DO

FINANCIAL PLANNING – FUNDAMENTALS TO DO     If you plan to become financially stable, you should understand a few fundamentals of financial planning to lay a foundation. There are mainly five attributes to concentrate on. Plan & List out your Budget Term Insurance Medical Insurance Close all Debts Emergency funds. FINANCIAL PLANNING – BUDGET …

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HOW MULTIPLE CREDIT CARDS HARM FINANCIAL MANAGEMENT

 HOW MULTIPLE CREDIT CARDS HARM FINANCIAL MANAGEMENT       In our previous topic, we have covered on Credit card and how it harms Financial Management. In the interest of time, with so many financial planning’s for our clients, we found that credit card was the root cause of debts. That too holding multiple credit …

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