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7 min read
Lessons from the Pandemic, by India’s Leading Food Entrepreneurs
The lockdowns were undoubtedly hard on business owners and entrepreneurs across industries. But a sector that…
3 min read
Could Letting Go Actually Be Profitable?
Do you hesitate to let go of your possessions? Take a look around — maybe it…
2 min read
How Do I Identify an Unhealthy Mutual Fund Investment?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
4 min read
How to Go About Planning for Retirement
What you dream of doing after retirement is often extremely personal — maybe you want to…
3 min read
What Not To Do While Planning Your Taxes
Tax planning is an essential part of managing your finances, but it’s easy to make mistakes…
4 min read
Why Is It Hard to Talk About Money?
It’s a story as old as time. A bunch of friends go out for a meal.…
3 min read
What’s Age Got to Do with It?
Money choices, and more specifically investment patterns, are determined by several aspects of our life and…
3 min read
Can I Plan My Finances to Align with My Ideal Lifestyle?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
3 min read
How Does Getting Married Affect My Finances?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
7 min read
One on One with a Bat Biologist
Welcome to our very first edition of One on One, an exclusive series of leisurely interviews…
4 min read
It’s Never Too Late
About two years ago, I logged into my bank account and felt a jolt of shock.…
3 min read
What to Look for in a Financial Advisor
The relationship between a financial advisor and a client is not a one and done process,…
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Frequently Asked Questions
What is financial planning?
Financial planning is the process of evaluating your current finances and making a plan to map your journey to financial well-being.
It involves looking at all aspects of your financial life - income, savings, debt, investments, etc.
The aim is to understand where you stand today financially and then chart a course to get you where you want to be in the long run.
Financial planning provides direction and structure to your finances. It helps you intentionally move toward financial wellness.
The plan equips you to prepare for expected life events like retirement as well as unexpected events.
In short, financial planning bridges your present circumstances to your desired financial future. It gives you a path to follow.
What are the benefits of working with a financial advisor?
Working with a financial advisor can provide an invaluable perspective on your current situation. With the help of a financial advisor, you can assess your finances holistically - debts, assets, income streams, and more. With this comprehensive understanding, the advisor helps craft strategies tailored to your needs.
A financial plan crafted by a qualified advisor grants you agency over your financial life. It transforms vague anxiety about the future into proactive preparation. With expert guidance, you can map out actionable steps to strengthen your finances over time.
Why is financial planning important?
Financial planning is important because it provides clarity and control over your finances.
Having a financial plan helps you:
- Understand where you stand financially today
- Map out specific steps to improve your financial situation
- Prepare for major life events like marriage, child’s education, retirement etc.
- Budget effectively and evaluate your investment portfolio
- Strategic Tax Planning & Filing
- Manage and reduce debt
- Being financially ready for emergencies
- Creating a will to preserve your legacy
In short, financial planning is essential for financial stability and peace of mind. It gives your finances direction and purpose. With proper planning, you can take charge of your money and build financial security.
