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 …
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 …
Agent,Distributor, Bank, CFP’s and Sebi Ria- Who is good for you?
There are few people call themselves Investment Advisers or Financial Advisers. Insurance Agent, Mutual Fund Distributor, Bank, Postal Agent, CFP and Sebi Ria. But common man not able to understand whom to chose out this list. Hence, I am writing this article about the skill. education, capability, mode of their income and reliability etc. While selecting any one try to select one who has No or least conflict of interest and high skill and education. Conflict of interest means putting their interest first instead of yours. Insurance Agent… Most of the Insurance agents academic qualification is 10+2( Intermediate). Few agents …
