"Planning, for Your Financial Prosperity"

The Financial System is a Constant Changing area where it is difficult for a person to keep pace with it. With advent of modern business schools producing so called “Products” (MBA’s) have resulted in newer confusions in an investors mind. These modern day MBA’s are recruited by companies to develop complex Financial Products for the benefit of investors but the irony is most of the Indian investors do not understand them. Let alone investors many product agents don’t understand them either!

Financial Planning is a process where a person can plan in such a way that he tries to meet all expenses/commitments on schedule till his/her death, hence not being dependent on anyone. The process involves foreseeing the future requirements and allocating resources today! *Many people confuse and relate Financial Planning just to Investments, which is totally wrong, Financial Planning is much wider subject than many think so!

Why Financial Planning?

Let’s give a thought over the below few questions and we would get the answers ourselves.

1. Concept of Joint Family is dieing fast, we have to take care of ourselves in the current nuclear family system which can be done only if we plan properly.


2. This is not to scare you but the hard fact is that life has become so unpredictable. Diseases, Accidents, Terror, etc., can strike anyone anywhere. Even a small appendix operation could lead you spend minimum Rs.20000/- in a small hospital.


3. Inflation is biting into pockets of everyone. A family could survive with Rs.5000/m in the year 1998 imagine the scenario today yourself. If your monthly household expenses are Rs.25000 today the same would be Rs.41000/m approx ten years hence at just 5% inflation rate.


4. If we require hot cash today in case of an emergency, be it for hospital expenses, children’s fees, in case you miss a months salary due to sudden unexpected lay off, etc., would you like to seek help from relatives, friends? If yes how many would seriously help you? How nice would it be if you have a plan in place to meet such adversities?


5. Would you like to plan for a Foreign Trip with your family? or would you like to plan for a bigger better House and a Car?

Many more situations like the above can be mentioned, but we feel the answer to the question “Why Financial Planning” has been already answered in your mind.