Kolkata-based top financial consultancy Merry Mind sharing beginner's guide to financial planning. Follow these four unique measures to see how you can begin with a financial plan. Also take professional advice on monetary planning and investment schemes.

1. Beginner’s Guide to
Financial Planning

2. Everyone’s personal finances look
somewhat different. Each of the four (4)
unique pillars of personal finances plays
a critical part in getting your financial
situation in order.
Let’s know these four pillars….

4. Pillar #1 is Income
Income refers to what you earn during your working phase
of life. You need to realize your earning potential.
Constantly upgrading your knowledge and skill in your
relevant field of work empowers you to achieve desirable
income growth.

5. •Are you getting a promotion every
2-3 years?
• Are you learning new skills
regularly?
• Are you getting above-average pay
raises?

6. Pillar #2 is Expenses
By expenses, we mean your family expenses. As
practicing Investment Advisor in Kolkata, we have
observed that initially clients do not know how much
they spend out of what they earn. Family expenses
include both fixed monthly expenses, variable and
discretionary expenses as well.

7. Pillar #3 is Assets
Assets are anything you can convert into money. Assets
may be classified into two sections. One is your personal
assets. Another one is your investment assets.

8. Pillar #4 is Liabilities/loans
Liabilities are what you owe.
Liabilities may be in the form of mortgage, credit card
bills, student loan, car loan, personal loan, etc.

9. •How much debt do you currently have?
•What types of debt do you have?
•What is your debt to income ratio?
•What is your plan to paying it all back?
•Are you paying your bills on time?
•Do you have plans to take any loan? Why?

10. Maintaining a balance between the four
personal financial pillars of life is
indispensable.
As Financial Advisor in Kolkata, Financial
stability is not solely dependent on one’s
income level. You need to have a budget, a
Proper financial planning.

11. Financial Consultant in Kolkata – Merry
Mind believe, when it comes to your
finances, all of the pillars constantly
need to be inspected in order to gauge
the integrity of your financial life.

12. Contact No. +91 9674663431 +91 7596063604
Address - 110/5/G, Sarat Ghosh Garden Road,
Kamala Park, Dhakuria, Kolkata: 700031, West
Bengal, India.
Website address - https://merrymind.in/
For Enquiries - admin@merrymind.in