Financial Planning

Financial planning is the process of setting the financial goals and then meeting the goals by allocating and managing the investment across various financial instruments. Financial planning is a step by step approach to meet one’s life goals. A Financial plan acts as a guide as you go through lifes journey. Essentially, it helps you be in control of your income, expenses and investment such that you can manage your money and achieve your goals. 

You need to have an adequate amount of money to fulfil your goals and desires. You need to have money at the right point of time. 

Financial Planning Helps you to Increase your saving. When you create a financial plan, you can get the good deals insight into your income and expenses. You can track and cut down your costs consciously. This automatically increases your saving in the long run. 

With the Good Financial Plan, you would not need to compromise your lifestyle. It is possible to achieve your financial goals while living in relative comfort.

Process of Financial Planning:

Financial Planning Circle

Defining your financial objectives and goals

Gathering your financial and personal information which include income, Expenditure, Assets & Liabilities, Risk profiling, Tolerance and capacity.

  • Risk Appetite of the Investor 
  • Goal Setting 
  • Implementation and Review

Investment Planning

We can do the financial planning in many ways. Investment planning is the main component of financial planning. Nowadays there are various platforms to invest in, mostly in cash, equities bonds and property. 

Process of Investment planning: