Road to Financial planning - series 1


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Financial planning, explained through a story!

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Road to Financial planning - series 1

  1. 1. Destination: Financial planning<br />Series 1<br />
  2. 2. Presenting Rahul.. <br />Rahul loved to drive and explore<br />He lived in the present, did not care for ‘tomorrow’<br />He decided to go for a weekend ride <br />Rahul wanted to go from Mumbai to Ahmedabad by road<br />He set off, on a Friday with a rucksack, some cash and out to explore the roads.<br />He lost his way in between. He tried taking short cuts but ended up getting lost in forests<br />He thankfully found people who gave him directions. Some were correct, others, grossly wrong<br />He reached Ahmedabad in 14 hrs instead of 8 hrs. Weary, tired, bored. <br />
  3. 3. Presenting Rohit.. <br />Rohit loved biking too.<br />He was passionate about it and had planned a weekend bike ride to Ahmedabad almost a month back<br />He activated google maps on his cell phone<br />He spoke to travel agencies about the coolest route to the place and roads which had to be avoided<br />He stuffed his rucksack with maps, phone nos., books, gadgets and plenty of food<br />He decided the correct time to leave and journey<br />Within 8 hrs, he reached Ahmedabad, having enjoyed the bike ride without a single glitch. <br />
  4. 4. What’s your story? <br />Most of us are like Rahul, wandering, unplanned, wanting to shun anything to do with plans and tomorrow<br />We eventually reach our goals, but by then we are stressed, bored, tensed and we end up screwing up the journey instead<br />As much as we hate it, financial planning needs maps, guidance, directions and everything that helps us enjoy life’s journey. <br />
  5. 5. So what’s in it for you? <br />Don’t you already contribute to your PF, EPF, tax savings etc?<br />Don’t you ‘save’ whatever is left after meeting your expenses?<br />Of course you do, then what is financial planning all about? <br />FINANCIAL PLANNING is a planned approach to your entire life. It includes things like insurance, taxation, housing, retirement, estate planning and so on. <br />
  6. 6. So how does financial planning come around?<br />A holistic look at your current stage in life, earnings, savings, investments<br />Money that is left over after expenses is NOT the ideal amount for savings<br />To know how much to invest, you need to know how much to save, to know how much to save, you need to PLAN. <br />
  7. 7. So what now?<br />We will get you this detailed and comprehensive information in part 2 of this series on Financial planning. Stay tuned. <br />Join us on Facebook for regular tips, updates and interesting stuff on!/pages/Fundoo-Finance/174437115929814<br />Visit us at<br />
  8. 8. Credits:<br />Outlook Money article<br />Precious Solutions Financial planners<br />