This document discusses the importance of financial planning and outlines key factors to consider. It recommends planning for tax, retirement, children's education, investment, health insurance, life insurance, and goals. It emphasizes starting investments early to benefit from compounding returns over many years. Later examples show that even with lower returns, starting investments earlier leads to higher overall gains compared to starting later with higher returns. The document stresses having adequate life and health insurance coverage and notes taxes can be saved under Section 80D of India's tax code. It concludes by highlighting the importance of financial planning and guidance from a professional financial planner.

3. Financial
Planning
Tax
planning
Retirement
planning
Child future
planning
Pretirement/
Retirement
planning
Investment
planning

4. Lifestyle spending
Saving
Investing
Future planning
Like a
car
which
can only
run on 4
wheels,
our life
also has
to run
with all
the four
factors.

16. Income Expenses

17. Wealth
Life Cover
Health Cover

18. An individual should have
enough cover ; at least 5 to 10
times of current income.
As he/she climbs up the
income levels, cover should be
proportionately raised.
Remember, you should be
covered for the whole of your
life and not only a part of it.

22. Do not be dependent on office
group health cover alone. It
may not be sufficient.
In case of job changes, new
company may not have same
cover.
Make sure your dependent
senior citizens/parents have
adequate health cover.
You can always save taxes
under section 80D for health
insurance premiums.

23. Children
•Child’s education.
•Child’s future.
Financial
security
•Life insurance cover.
•Health cover.
Future
•Plan for retirement.
•Plan for regular income.

26. Rs 1 Lac
@ 15%
Mr. Cautious
@ 30 years
invests
Mr.
Responsible
@ 35 years
invests
Mr. Fun @ 40
years invests

27. Mr. Cautious accumulates Rs
16.37 lacs.
Mr. Responsible accumulates
Rs. 8.14 lacs.
Mr. Fun accumulates Rs.
4.05 lacs.
START EARLY, Power of compounding is @
work very silently… Mr Cautious just by
starting early has multiplied his money….

29. Rs 1
Lac
Mr. Cautious
@ 30 years
invests @
12%
Mr.
Responsible
@ 35 years
invests @ 15%
Mr. Fun @ 40
years invests
@ 18%

30. Mr. Cautious accumulates Rs
9.65 lacs @ 12% in 20 years.
Mr. Responsible accumulates
Rs. 8.14 lacs @ 15% in 15
years.
Mr. Fun accumulates Rs. 5.23
lacs @ 18% in 10 years.
Moral of the story: START EARLY even @ lower
returns, power of compounding is @ work very very
silently.. Mr. Fun started investing at 40 years @
18% but still fell short of the other two.

31. Goals
Objectives
Products

34. Don’t leave money in the bank a/c which
earns just about 4%.. Value of money
melts in a bank.

35. Have a monthly saving plan through EMI…

36. Having ample life insurance is vital to one’s
financial security …

37. It’s important to understand the power of
compounding which is working very
silently…

38. Inflation is a monster, which can swallow
the hard earned money…

39. Specific, measurable, attainable, relevant
and timed goals for successful financial
future…

40. Financial planning is all about knowledge…
Hence the importance of a financial
planner…

41. `
• Financial Planning Coach.
• Founder and CEO
Gopalakrishnan V
Money Avenues
• gopal@moneyavenues.in
+91 9 55 11 55 11 6