Financial Planning: A Lifestyle Need!

August 06, 2022

A comprehensive picture of your current financial status and a roadmap to achieve long-term financial goals.

4 Steps to create a solid financial plan.

PURPOSE

Financial independence throughout life.

STEP 1

STEP 1 

Evaluate your current steady earnings

Set financial goals for the next 5 Years to 10 years .

STEP 2

STEP 2

Example of setting long term financial goals.

BUYING A HOME AT 40

FINISH HOME LOAN BY NEXT 5 YEARS.

SAVING X AMOUNT TO BUY A PENSION SCHEME.

Plan investment accordingly so that you maintain your current budget and can invest the required amount.

STEP 3

STEP 3

EVALUATE

If you are not happy with STEP 3 re-evaluate STEP 1 and STEP 2.

KEEP IN MIND INVEST THEN SPEND

Continuously evaluate your investment. Always invest in diversified portfolio.

STEP 4

STEP 4

Diversified portfolio means divide your investment in Fixed Deposit, Equity, Mutule Fund, Bond.

HEALTH INSURANCE

ACCIDENTAL INSUARANCE

TERM INSURANCE

EMERGENCY LIQUID FUND

PENSION POLICY

MUST HAVE

Read more stories

Black Star
Black Star