In simple language “Financial Planning is the process of meeting your financial dreams/goals in your life through the proper management of your finance.”
Dream of buying a new car, a dream house, children education, getting your children married in your dreamed style, or retiring early to Live Life King Size.
Financial Planning gives you more clarity & value in life, it provides direction and meaning to your financial decision. It helps you to provide the right balance between your present and future lifestyle.
A financial plan is a document containing a person’s current money situation and long-term monetary goals, as well as strategies to achieve those goals. A financial plan may be created independently or with the help of a certified financial planner & expertise. Financial Planner are like photographer; they are not part of the picture but still contribute to make it look great.
No one plans to fail but fails to plan.
Today, time is with you. But will you be able to continue at the same throughout your life? Will your income be the same forever? Will you be able to live on your own terms even after you retire? Answer these questions and then think for Financial Planning.