Starting Your Prudent
Financial Plan:
Suresh K Narula, CFPCM
Created by: www.prudentfp.in
Having No Financial Plan
• You EXPERIEMENT with your hard earned money
• End up buying financial products which you MAY NO...
Have you got the Answers?
 Do you know if your PF would be enough to give you a
comfortable retirement?
 Do you know how...
FINANCIAL PLAN?
_________________________________
Financial Plan provides a ROAD MAP
your FINANCIAL LIFE and can make
the ...
We believe

The First step not making
INVESTMENT but
PLANNING for everything
and then EXECUTING it
Destination: Setting Goals
 Identifying Your Financial Goals
 Classify financial goals based on your priority and proxim...
Starting Point: Where are you now?






Measuring your Financial health
Determining How Your Money Moves
List everyt...
Avoiding Potholes : Protecting Goals
•
•
•
•
•
•
•
•
•
•

Job loss
Family Problem
Temporary Disability
Critical Illness
He...
Destination: Setting the Goals
When GOALS are:

S-M-A-R-T

These RESULTS arrive:

Specific

S

Success

Measurable

M

Mom...
Simple Three Step Approach
Realize You and Your Goals,
Setting and Quantify them
and putting in time frame
Provide a roadm...
Your Financial Plan will contain
 Family Details , Plan Assumptions & Logics

 Articulation of Goals & Objectives

 Net...
Prudent Financial Planning Process
Payment
of Fees

Periodically
Review

Letter of
Engagement

Implement
Financial
Plan

D...
What you can expect from this exercise of Prudent
FINANCIAL PLAN
1. Clarity about your financial goals and how to achieve ...
Why Prudent Financial Planners?
 Suresh Narula is the Founder & Principal Planner of Prudent FP
 He is also CFPCM Practi...
Schedule a Free Meeting

Reach us at : info@prudentfp.in
Call: +9198160 02197
Thank you
Website: www.Prudentfp.in
Blog: ww...
Disclaimer


A Financial Plan is a generic direction to your cash flows over a period of time. Your future financial cond...
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Prudent Financial Plan

  1. 1. Starting Your Prudent Financial Plan: Suresh K Narula, CFPCM Created by: www.prudentfp.in
  2. 2. Having No Financial Plan • You EXPERIEMENT with your hard earned money • End up buying financial products which you MAY NOT NEED • Travel a journey without a DESTINATION… • Fail to understand the impact of the DEVIL INFLATION • Stop Playing 100% in your financial life • Under Agents and Distributor's CONTROL • Financial Life is running Luck by Chance Not Luck by CHOICE
  3. 3. Have you got the Answers?  Do you know if your PF would be enough to give you a comfortable retirement?  Do you know how much you need to invest in order to have a comfortable retirement?  Do you know how much you need to save up in order to get Kids’ education and marriage after 15-20 years?  Do you know in which investment avenues should you invest your money to achieve these goals?  Do you know how much and what kind of life and health insurance you should buy?  Do you know what is your net worth and asset allocation? IF NOT, FINANCIAL PLAN WOULD HELP YOU ANSWER THESE QUESTIONS, AND MORE…
  4. 4. FINANCIAL PLAN? _________________________________ Financial Plan provides a ROAD MAP your FINANCIAL LIFE and can make the journey less stressful, more fun and more successful. _________________________________ -YOU CAN START RIGHT NOW-
  5. 5. We believe The First step not making INVESTMENT but PLANNING for everything and then EXECUTING it
  6. 6. Destination: Setting Goals  Identifying Your Financial Goals  Classify financial goals based on your priority and proximity  Quantifying your goals  SMART goals lead to SMART results SMART Specific, Measurable, Attainable, Relevant, Time-bound SMART Success, Momentum, Attitude, Result, Trust
  7. 7. Starting Point: Where are you now?      Measuring your Financial health Determining How Your Money Moves List everything you owe (liabilities) and you own (assets) Track your monthly income and expenses Pay yourself first • Income - Expenses Savings • Income -Savings Expenses
  8. 8. Avoiding Potholes : Protecting Goals • • • • • • • • • • Job loss Family Problem Temporary Disability Critical Illness Health Issues Accident Debt Trap Natural Calamities Death Any unforeseen event
  9. 9. Destination: Setting the Goals When GOALS are: S-M-A-R-T These RESULTS arrive: Specific S Success Measurable M Momentum Attainable A Attitude Relevant R Reality Time-Based T Trust
  10. 10. Simple Three Step Approach Realize You and Your Goals, Setting and Quantify them and putting in time frame Provide a roadmap, Analyzing the information and Construct a Plan Sound recommendations, Implementation and Monitoring and Reviewing
  11. 11. Your Financial Plan will contain  Family Details , Plan Assumptions & Logics  Articulation of Goals & Objectives  Net worth Statement(Personal Balance Sheet)  Current & Recommended Asset Allocation  Current Inflow Outflow Statement  Goal Funding Map with Current Assets  Analyzing Current Mutual Fund, ULIPs and insurance & General policies analysis  Children’s Future Planning (Education & Marriage)  Analyzing Current Debt & PO Schemes  Retirement Planning  Current Financial Discipline & Well-being Chart  House Purchase Planning  Contingency Fund Requirements  Car Purchase Planning  Life Insurance Need Analysis  International Vacation Planning  General Insurance Need Analysis  Any other goals of your and family
  12. 12. Prudent Financial Planning Process Payment of Fees Periodically Review Letter of Engagement Implement Financial Plan Data Gathering Draft A Financial Plan
  13. 13. What you can expect from this exercise of Prudent FINANCIAL PLAN 1. Clarity about your financial goals and how to achieve them. 2. How will Inflation affect your Financial Plan? 3. Are your savings & investments being channelized efficiently? 4. Analysis of your existing financial products that you own. 5. How much money should you invest for your goals? 6. Everything in your financial life gets on purpose. 7. Helps you with Product selection. 8. Now, everything has cleared, Not doubt again and again.
  14. 14. Why Prudent Financial Planners?  Suresh Narula is the Founder & Principal Planner of Prudent FP  He is also CFPCM Practitioner and offered Comprehensive financial Plan  He is member of The Financial Planners’ Guild India, Mumbai  Suresh regularly writes in Dainik Bhaskar and regular contributor in Samadhan section of Businsess Bhaskar  He also holds MFC and M.com degree from a leading Universities in Chandigarh and Himachal Pradesh respectively.  Do NOT give any advice unless he knows all details of assets, liabilities, income and expenditures  Thinks about YOU and realizing YOUR GOALS  Healthy discussion over “your way” vs. “over way”  Has excellent network of Corporate Agents and other Professionals  Client centric and Action oriented approach
  15. 15. Schedule a Free Meeting Reach us at : info@prudentfp.in Call: +9198160 02197 Thank you Website: www.Prudentfp.in Blog: www.sureshcfp.com
  16. 16. Disclaimer  A Financial Plan is a generic direction to your cash flows over a period of time. Your future financial condition may alter due to changes in income/expense patterns, new family commitments, macro economic scenario etc which may prompt you to alter some aspects of your goals and add new goals. Therefore this Financial Plan and the Cash flows depicted in it should be used to give you a long term direction for managing your personal finances while taking immediate actions as a step towards accomplishing your financial objectives.  These recommendations are subject to review at the time when you are actually taking actions as recommended because of changes in legal circumstances, economic conditions etc. If considerable time has elapsed since the date of this plan, you should not act on any specific recommendation without further consideration with the planner.  Returns from each recommended investment will vary in line with market conditions and investment policies of the fund manager. Income and growth assumptions are intended as a guide only and should be treated with caution. The planner should not be held responsible for the accuracy of the same. Most equity/ growth investment are long term in nature and significant variations including capital loss, may occur over shorter periods. Neither the authorized representative nor the company guarantees the performance or return of capital on any of these investments. Performances of investments are subject to market risks. Past performances of a particular asset class or investment may not be the true indicator of their performance in future.  These recommendations are based on the information you have supplied. If any material information has been withheld or any inaccurate, these recommendations could prove to be inappropriate for you.  While we have made every attempt to ensure that the calculations contained in this Financial Plan are correct and complete, kindly note the plan may contain inaccuracies or errors due the manual-computer interface involved in making the calculations and we expressly exclude liability for any such inaccuracies or errors. In the case where a error or omission is involved, you can request us to rectify the error or omission, we shall do needful.

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