Financial Planning

Who is this for?

You should use this plan if —

• You wish to simplify and take charge of your money.
• To guarantee the achievement of all your financial objectives, you need plan for them all.

Description

If you are going from Kanyakumari to Kashmir without any map or guidance, 1 of these 2 things can happen -

• You don’t reach your destination because you are lost mid way.
• You reach your destination but after a lot of detours, unexpected setbacks and a lot of time.

This is what happens with our financial goals as well. We may know where we are and where we want to go. But we don’t know how to get there.

Although physical journey and financial journey are similar in most aspect, there’s a major difference with human behavior regarding them -

From Bangalore to Mysore - We know most of the route but at a junction, we are confused whether to take a right or left, the first thing we’ll do is use Google maps or ask someone on the road because we don’t want to risk getting lost and losing time.

From neck-deep in debt to debt-free – We have no clue of which direction to go in whatsoever, but we don’t bat an eye to wander cluelessly. Financially, we don’t mind getting lost and losing time because we aren’t aware of the stark consequences it has.

This is what a financial plan does for you.

• It will provide you with your current financial situation.
• What actions you need to do to easily accomplish your goals
• What happens if you decide not to make any changes to your lifestyle?

A financial plan is the best tool to gain control over your finances immediately.