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Financial Planning<br />Is it the need of an hour?<br />
Meaning<br />Financial planning is a process of setting objectives, assessing assets and resources, estimating future fina...
Why do we need it?<br />By financial planning one can come to know about few things, such as :<br />What’s your current po...
Target Audience<br />Financial planning may mean different things to different people. <br />For some one its for retireme...
Who Prepares it?<br />You yourself can prepare a financial plan<br />You can also take help of Financial Planner to prepar...
What’s the right time to prepare it?	<br />Right Now!<br />
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Financial planning

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Financial planning

  1. 1. Financial Planning<br />Is it the need of an hour?<br />
  2. 2. Meaning<br />Financial planning is a process of setting objectives, assessing assets and resources, estimating future financial needs, and making plans to achieve monetary goals.<br />Many elements may be involved in financial planning, including investing, asset allocation, risk management, tax planning , retirement planning are typically included as well.<br />
  3. 3. Why do we need it?<br />By financial planning one can come to know about few things, such as :<br />What’s your current position/Net worth ?<br />What are your Future needs & Objectives?<br />What’s your plan to achieve your future needs & objectives?<br />Asset allocation strategy based on risk appetite. <br />
  4. 4. Target Audience<br />Financial planning may mean different things to different people. <br />For some one its for retirement planning.<br />For some other it may mean planning savings and investments to provide money for a dependent's college education. <br />Financial planning may even involve making career-related decisions or choosing the right insurance products.<br />
  5. 5. Who Prepares it?<br />You yourself can prepare a financial plan<br />You can also take help of Financial Planner to prepare a financial plan<br />
  6. 6. What’s the right time to prepare it? <br />Right Now!<br />

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