why financial planning

Back to basic……

Financial Planning

“Become Wealthy is not a matter of , How much you earn, Who your parents are , Or what you do, it is a mater of managing your money properly.’’

-Noel WhittakerFinancial Hospital "A complete wealth planner"

What do you think life is ?• I am working only for pleasure

• My income will keep increasing and I could earn till my death

• My life is very smooth and it never surprises and threatens me

• I don’t have any financial risk

• I have a fortune to take care of me and my family

• My investment doesn’t require any management

“ Don’t kid yourself …… Life is not as easy as you think”

Financial Hospital "A complete wealth planner"

Great Excuses……• I just started earning

• Let me enjoy life for a while

• I have lot of commitments

• Its difficult to run family , then how do I invest

• I don’t have enough money

• Not now I will do it later

• I am too young to plan for my retirement

• I don’t have a stable income

If you think you are right… then you are right.

“You haven't planned at all

Or

Not realize the importance of it”


People who do not work for own goals work for somebody else's goals.

- Steve Jobs

Financial Planning

Financial Planning is all about channeling your financial resources towards your financial goals.

Responsibilities

Child education, retirement, child marriage.

Human Capital

Salary / profit

Dreams Financial and Real capital

Interest, dividend, Rent

Financial planning helps you to know

• Where do you want to go ?

• Where are you today ? What is your current

financial situation ?

• Will you be able to get there ? How do you

plan to achieve your vision………..


Importance of Financial planning

• Wealth / asset creation and protection

• Tension free living by meeting all your goals and dreams

• To protect your family from Financial uncertainties

• To minimize tax liability

• Best asset allocation based on your Goals and risk Appetite

• Ever increasing cost of living

• Advice towards complex and diversified Financial products.


How to plan the future

• Investment planning

• Children’s Future planning

• Retirement planning

• Tax planning

• Cash flow planning

• Estate planning

• Risk and Insurance planning


Financial Planning process


Financial Planning process1.Assess your financial situation and analyze the adequacy of your assets to support your present and

future lifestyle

2.Develop steps for achieving your financial goals, including:

•Determining an appropriate and dependable investment strategy to enable you, for example, to save

for your child’s education, a new home or a comfortable retirement

•Employing tax strategies to lessen your overall expenses

•Helping you to organize and simplify your finances

•Assessing risks to your stated financial goals .

•Putting plans and investment in place to provide a legacy for your loved ones.

3.Implement your financial plan

Financial Planning process

3.Implement your financial plan

4.Monitor your plan and investments on an ongoing basis

5.Help you make prudent financial decisions after life-changing events, such as divorce, illness or

employment change

6. Ongoing Monitoring and Accessibility

Your investments are regularly monitored. At your regular meetings we will review the performance of

your investments and your financial plan.

Retirement Planning (Life without planning)

* 01% Were wealthy

* 04% Were maintaining

their standard of

living

*23% were still working

can’t afford to quit

* 09% were Dependent

on children and

charity

At the age of

65


My dad had one pair of shoes and used it

for five years. I have five pair of shoes and

use it for one year.

In today’s wired world people connect less

emotionally more electronically.

High stress level.

Life is not easy…..

Retirement planning

• Retirement age

• Life style after retirement

• Source of income after retirement

• Health planning after retirement


Tax planning

• Tax planning not tax Erosion

• Optimizing the investment

through after tax returns.

• Taking maximum benefits of

deductions & Exclusions


Estate planning

• Will preparation

• Need of will preparation

• Factors to be consider


Risk analysis & Insurance planning

“Insurance planning is the

process of analyzing what

types of insurance is

needed for the protection

of a person's assets and

ability to create assets”


Insurance portfolio making

• Life insurance

• Health insurance

• Critical illness insurance

• Personal accidental insurance


Why Us

You need expertise you don’t posses in certain areas of finances.

You want to get a professional opinion about the financial plan you do for

yourself.

You feel that a professional advise could help you improve on how you are

currently managing your finances.

You know that you want to improve your current financial situation but don't

know where to start.


Financial Planner Vs Agent

This difference can be clear with an example.

Doctor

Vs.

Chemist

Doctor Vs Medicine Shoppe• Do you take a medicines.

• Why?

Because:-

-It taste good

-You are not well

Now who decides what you need it:-

-You

-The chemist

-The Doctor

“Because the doctor has experience and knows what will suit you

after analyzing your overall health and family history.”

Doctor Vs Chemist (Financial Planner Vs Agent)

In today's scenario people don't have market risk,

They have risk of choosing right Financial Advisor.

Guru mantra

• Earn – Save- Spend

• Don’t create wrong Assets

• Wealth don’t work for money

• Ensure your lifestyle isn’t your biggest liability.

• Saving and splurging gives you same pleasure only the order changes.

• Donate generously.

Our Valued Customers

Your opinion ?

Manish P.

Keep Smiling….

Its make you more beautiful.

why financial planning

Services

financial risk

basic financial planning

financial uncertainties

financial resources

stated financial goals

current financial situation

diversified financial

prudent financial decisions