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 life’s journey. Essentially, it helps you be in control of your income, expenses, and investments such that you can manage your money and achieve your goals.
If you give a thought to what has been said in the video, you’ll find that there is one factor that connects all of them: money. You need to have an adequate amount of money to fulfill your goals and desires. More importantly, you need to have money at the right point in time.
The importance of personal financial planning in India cannot be ignored. It is not just about increasing your savings and reducing your expenses. Financial planning is a lot more than that, it includes achieving your future goals.
You may have several different financial goals you wish to achieve but to reach them at the right point in life; you need to have a financial plan in place at a very young age. And at a point when things become complicated, comes the role of an investment advisor.
