Farmers – How they have to do “Financial Planning”?
Farmers also will be having “Financial Goals” like child higher education, house child marriage, etc. So, they have to follow “Financial Planning”. But no farmer knows what is “Financial Planning”. Here, in this article, I will explain how the farmers can plan their financial goals. Farmers must have Insurance Planning… Life Insurance Planning… People living in the village usually take Endowment or Money Back kind of Life Insurance Policies. Where the insurance coverage will be low and return on investment is also low when compared to the inflation. Most of these people do not know insurance and savings should be …
Donation Seat – Why it is not good for higher education?
Donation seat is one of the options for the parents when their children didn’t get a good enough rank in entrance exams for higher education like Medical, Engineering, M.B.A, and I.I.T, etc… In addition, Parents think that in buying donation seats that they can secure their children’s futures. But in many cases, it is not true. I know a lady who had completed dentistry, and She got the set with a donation of Rs.50,00,000. In addition, She is working now for a salary of Rs.15,000 per month in a Dental Hospital. Do You think that her father made a good …
6 Steps – In Financial Planning Explained
6 Steps are there in the Financial Planning process. Sebi Registered Investment Advisers will tfollow this entire process for their clients. Individual Clients also can follow this process without the help of Investment Advisor guidance. 6 steps in the Financial Planning process are… Financial Planning Board has designed these steps for Certified Financial Planners. Every Planner (Investment Adviser) should learn and follow these steps for serving his clients in a better way. 1. Establishing Client Planner Relationship 2. Gathering Data 3. Analyzing the Data 4. Developing the Plan 5. Implementing the Plan 6. Monitor the Plan. Step 1) Client Planner …
Cash Flow Statement – What is its importance in your Financial Planning?
Cash Flow Statement is an important part of the “Financial Planning“, in your Financial Goals journey. All of us will be having some “Financial Goals” in our life. In addition, a few goals are house buying, retirement planning or financial freedom planning, child higher education and child marriage, etc. However, You may be having a few extra financial goals apart from the above goals. Before understanding the Cash Flow Statement, I advise you to understand What are the different ways to achieve a Financial Goal. Click this link to read about How to achieve a Financial Goal.’ Now, after reading …
Doctors Financial Planning-How they have to do?
Doctors also need Financial Planning in order to achieve their Financial Goals and Dreams. But Doctors do not know they should Financial Planning. Ten years back I used to think that Doctors are the highest income earners and career is so stable. This is still true to some extent. But it is not same in case of all Doctors. Yes, In their definitely will opportunity to earn money always as it has huge demand for Doctors. Some of you know that I am running a Telugu You tube channel in the name of Paisa Health. I am getting some leads …
Financial Planning_ Why it will fail if you listen to Society?
Yes, It is true your financial Planning will fail if you listen to society. Recently I got a call from an I.T employee who already took financial planning from an other Sebi Registered Investment Adviser. Why he contacted me for me? He called me for a 2nd opinion over his “House Planning“. Moreover, He thinks that his Investment Adviser allowing him to buy a house. His adviser advised him not to buy a house till his retirement. But people around this I.T employee and his family members are asking him frequently that when he will buy a house. Why this …
Insurance Planning -Why some times will fail in Life Insurance, Health insurance etc?
Sometimes Insurance planning will fail. People do take life insurance and health insurance etc to protect themselves from financial loss due to unexpected death or health issues etc. For this, they do Insurance Planning. Insurance planning also part of Financial Planning. Therefore, I have added this article in Financial Planning category. But sometimes this Insurance planning will fail. Recently I had a discussion with a Government Employee. He is working in Andhra Pradesh State Government. They have mandatory Department Life Insurance called APGLI. In the conversation, he said that If Life Insurance Policy of Lic or any private Life Insurance …
