Financial planning is a continuous process that starts with studying of your financial position, defines your goals and dreams, while at the same time negotiating the financial barriers that inevitably arise in every stage of life. Remember, financial planning is a process, not a product. It helps in providing a roadmap to achieve & track your expansion and also recommend changes if required.
People have goals and life needs but they donít know how to accomplish those life needs. Financial planning helps in providing a systematic approach to achieve your laid down goals.
Provide financial protection to your loved ones against a loss arising out of happening of an uncertain event.
Minimize your tax liability by analyzing the tax implications of various options throughout a financial year.
Each stage of life comes with a new set of hopes and concerns. Many times life changing events come as a surprise, causing people to be reactive to the situation rather than proactive.
- Shiksha Sharma