The document discusses the importance of starting financial planning in one's 20s. It notes that people have many needs in their 20s, such as saving for a home, car, travel, and retirement decades later. Financial planning is the process of managing resources to meet life goals. It can help accumulate savings for both short and long-term goals through investments, insurance, and tax planning. The conclusion states that just as an umbrella protects from rain and sun, financial planning protects one and dependents from difficulties through proper management of funds.

1. “ At the stroke of midnight hour , when the rest of the world sleeps, India awakes with freedom.” We with our ‘group 9’ members, wishing you all ….. “ A VERY HAPPY INDEPENDENCE DAY.”

2. “ WHY IT IS IMPORTANT TO START FINANCIAL PLANNING IN 20ties.” ?????

3. “ MONEY CAN’T BUY HAPPINESS, BUT THE LACK OF IT CAN BUY A LOT OF MISERY.”

4. Why Financial Planning ? “ To transform a Good life to Great life.” Some basic points:- ► People have many needs. ► Needs wants source. ► For this source, requires funds. ► For that fund we need planning. ► Financial Planning denotes the process of determining whether and how an individual can meet life goals through the proper management of financial resources.

5. People in 20ties have many needs. e.g. - ► Accumulating a deposit for a home, ► Buying a car, ► Goal of an overseas holidays, ► The need to accumulate capital for retirement in 40 years or so, ► Looking for some regular investment commitment.

7. Some common motivating factors for financial planning may include-: ► Desire to make money quickly; ► Desire to reduce tax paid; ► Desire to protect against time off work due to sickness or accidents; ► Desire to maximize employee and retirement benefits; ► A saving plan; ► Liability protection;

8. Conclusion-: “ For such clients, a financial plan will centre on development of a plan to achieve both short and longer term goals.”

9. As we require an umbrella to protect ourselves from rain and scorching sun, In the same way human life requires a proper financial planning to protect oneself and dependents from bad days.

10. “ THUS, IT IS VERY IMPORTANT TO START FINANCIAL PLANNING IN 20ties .”

11. GROUP – 9. MEMBERS ARE:- ► BIMLENDU BIMAL ► NAUSHAD AHMAD ANSARI ► BRIJESH JOSHI ► ASHWIN ► NEERAJ KUMAR SINGH ► ASHISH

12. THANK ING YOU