2. I AM THE FIRST AND ONLY PERSON TO COMPLETE
THIS PROFESSIONAL CERTIFICATION COURSE IN
ENTIRE EAST GODAVARI DISTRICT.
IN NAVYANDHRA PRADESH THERE ARE ONLY 5
CERTIFIED FINANCIAL PLANNERS. I AM ONE OF
THEM.
3. WHO IS CERTIFIED FINANCIAL
PLANNER AND WHAT HE WILL
DO?
WHEN IT COMES TO GIVING FINANCIAL
PLANNING TO INDIVIDUALS AND FAMILIES
CERTIFIED FINANCIAL PLANNER QUALIFICATION
IS THE HIGHEST QUALIFICATION AROUND
WORLD.
WE WILL HELP OUR CLIENTS IN ACHIEVING THEIR
FINANCIAL GOALS WITH PEACE OF MIND.IN A
EFFICIENT MANNER.
4. WE PLANNERS TAKE FEE FROM OUR CLIENTS FOR
GIVING FINANCIAL PLANNING JUST LIKE A CA OR A
DOCTOR.
WE FINANCIAL PLANNERS ARE ALSO CALLED AS
FINANCIAL DOCTOR.
6. EVERY PERSON WILL HAVE SOME GOALS LIKE
CHILD EDUCATION, CHILD MARRIAGE, BUYING A
HOUSE AND RETIREMENT.
7. BUT VERY FEW PERSONS ARE DOING FINANCIAL
PLANNING TO ACHIEVE THEIRE FUTURE
FINANCIAL GOALS.
AND
VERY FEW ARE DOING RETIREMENT PLANNING
8. IN INDIA PEOPLE ASK FOR FREE ADVICE
BUT TRUTH IS A GOOD ADVICE WILL NEVER COME
FREE OF COST.
MANY PEOPLE THINK THAT THEY HAVE GAINED BY
INVESTING IN INSURANCE POLICY AND IN POST
OFFICE SCHEME BECAUSE AGENT HAS GIVEN
SOME GIFT TO THEM.
9. MANY PEOPLE DO INVESTMENTS BY
FOLLOWING THEIR NEIGHBOURS AND
COLLEGUES AND FRIENDS AND RELATIVES.
THIS STRATEGY IS VERY RISKY.
THE STRATEGY WHICH MIGHT BE GOOD FOR
THEM MAY NOT BE GOOD FOR YOU.
SOME PEOPLE ASK THEIR CA ABOUT WHERE
TO INVEST.
10. WHY FINANCIAL PLANNING IS
IMPORTANT?
MANY PEOPLE USED TO INVEST WITH
OUT CONSIDERING THE EFECT OF
TAX ADJUSTED RETURN AND
INFLATION ADJUSTED RETURN.
THIS WILL EFFECT YOU IN A HUGE
WAY IN LONG RUN.
11. WE HAVE TO INVEST IN RIGHT ASSET CLASS
KEEPING IN MIND OUR RISK APPETITE
MANY PEOPLE SAY THEY DO NOT HAVE MONEY
TO INVEST. WHAT THEY ARE DOING IS AFTER
DOING ALL THE EXPENSES THINKING OF
INVESTMENTS.
BUT THIS IS NOT CORRECT. FIRST YOU HAVE TO
INVEST FOR YOUR GOALS AND THEN HAVE TO
SPEND.
YOU SHOULD HAVE FINANCIAL DISCIPLINE.
12. MANY PEOPLE USED TO ACCUMELATE BLACK
MONEY FOR 3 YEARS AND WILL INVEST IN REAL
ESTATE WITH A COMBINATION BLACK MONEY
AND WHITE MONEY IN THE RATIO OF 50:50.
THIS IS ALSO NOT A GOOD STRATEGY. WHILE
INVESTING YOU HAVE TO CONSIDER THE TIME
VALUE OF MONEY.
13. MANY PEOPLE DOES NOT DO INSURANCE
PLANNING.
IN OUR DAILY LIFE WE ARE EXPOSED TO MANY
RISKS. BUT WE ARE NOT COVERING THOSE RISKS.
NOT DOING A PROPER INSURANCE PLANNING IS
ALSO A BIG MISTAKE.
14. WE HAVE TO TAKE A LIFE INSURANCE POLICY IN
SUCH A WAY THAT IT SHOULD LOOK AFTER OUR
LIABILITIES LIKE LOANS, AND GOALS LIKE CHILD
EDUCATION, CHILD MARRIAGE, AND WIFE
EXPENCES TILL HER LIFE EXPECTANCY.
BUT NO BODY IS CONSIDERING THESE THINGS.
MANY PEOPLE ARE UNDER INSURED IN THIS
REGARD.
15. HEALTH INSURANCE
IN THESE DAYS PEOPLE SLOWLY KNOWING THE
IMPORTANCE OF HEALTH INSURANCE BUT STILL
HOW MUCH HEALTH INSURANCE THEY SHOULD
HAVE AND FROM WHERE THEY HAVE TO BUY
HEALTH INSURANCE THAT AWARENESS IS STILL
NOT THERE.
16. DISABILITY INCOME INSURANCE
IN CASE OF ACCIDENTS WE MAY NOT COMPLETELY
DIE. WE MAY GET DISABLED PARTIALLY OR
PERMANANTLY. IN SUCH SITUATION WE CAN NOT
EARN. BUT WE NEED MONEY FOR OUR
LIVELIHOOD. IN THAT SITUATION THIS KIND OF
INSURANCE WILL HELP.
BUT SADLY IN INDIA THIS INSURANCE IGNORED.
17. CRITICAL ILLNESS
IN OUR ENTIRE LIFE THERE A BIG CHANCE THAT
WE MAY CONTRACT TO CRITICAL ILLNESS LIKE
CANCER, KIDNEY FAILURE, BRAIN STROKE ETC.
BUT PEOPLE ARE IGNORING TO COVER THESE
RISKS.
18. RETIREMENT PLANNING
NOW A DAYS JOINT FAMILY SYSTEM IS NOT
THERE.
IN OLDEN DAYS IN JOINT FAMILIES SURVIVING OF
OLD PEOPLE IS EASY.
BUT NOW A DAYS IT IS NOT THERE. SO, PROPER
RETIREMENT PLANNING IS A MUST.
REMEMBER LIVING SHORT IS A RISK. AT THE
SAME TIME LIVING TOO LONG IS ALSO RISK.
19. PRECAUTIONS IN RETIREMENT
PLANNING
1) CONSIDER WIFE LIFE EXPECTANCY ALSO
WHILE PLANNING FOR RETIREMENT
PLANNING.
2) CONSIDER PRE AND POST RETIREMENT
INFLATION LITTLE MORE THAN ACTUAL.
3) START PLANNING FOR RETIREMENT
PLANNING AS EARLY AS POSSIBLE.
4) INVEST IN RIGHT ASSET CLASS FOR
RETIREMENT PLANNING KEEPING IN MIND
YOUR RISK APPETITE.
20. ANY WAY CONSULTING A CERTIFIED FINANCIAL
PLANNER AT LEAST YEARLY ONCE TO KNOW OUR
FINANCIAL HELATH STATUS IS ALWAYS BETTER.
21. I HAVE STARTED GIVING TRAINING FOR THIS
CERTIFICATION COURSE AT KAKINADA. THOSE
WHO ARE INTERESTED IN BECOMING A FINANCIAL
PLANNER CAN JOIN THIS COURSE.
THE STUDENTS WHO ARE ALREADY STUDYING
ABOUT FINANCE I.E M.EC, C.EC AND B.COM
STUDENTS CAN ENROLL FOR THIS COURSE.
ALONG WITH GRADUATION IF THEY HAVE CFP AS
PROFESSIONAL QUALIFICATION. THEY WILL GET
GOOD JOBS.
22. I BELIEFE THAT IN NAVYANDHRA PRADESH, OUR
ROLE (CFP) IS ALSO VITAL.
I HOPE EVERY PERSON WILL RECOGNISES THE
IMPORATANCE OF FINANCIAL PLANNING.
BY DOING FIANCIAL PLANNING WE WILL GROW
FIRST.
MEANS OUR STATE GROWS AND OUR COUNTRY
GROWS.
OUR GROWTH IS OUR COUNTRS GROWTH.
