(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai which offers i.S.M.A.R.T financial plan. Feedback can be sent to ismartfp@ gmail.com)
Investing in yourself:
Financial planning is all about YOU.... Investing in yourself.
YOUR health protection is important:
Health cover is very important for professionals like you and me... Yes, most of us are covered by our companies. But think about the times when there is a change in job, or change in career itself or during the retirement... Our current lifestyles definitely pose great challenge on our health. Having a good personal health cover will provide you the sense of reassurance during times of uncertainty.. Also this gives you a chance to save tax under Section 80D.
YOUR life protection is important:
The life is your's... Take control of it. Life insurance is a great tool to value the invaluable human lives. It's very true that nothing can replace a human life. But life insurance provides financial cover to one's family on his/her absence. Thumb rule is a person should have a life 5 times of his/her annual income, which means on his/her absence the family can sustain atleast for the next 5 years... Your life is important.
YOUR money is important:
You work really hard for your money... Make your money work equally hard for you as well. Because it's your money. Realize the power of compounding which can work wonders for your financial future.
http://mymoneyavenues.blogspot.in/2012/04/one-compelling-reason-to-manage-your.html
YOUR family's future is paramount:
Your family's financial future rests on your shoulders. Job, career, protection, wealth creation all revolves around your family. Ensure your family's financial future through proper financial planning. Because it's your family...
YOUR goals are important:
You are what your goals are... It can be on your career, children's future, retirement planning etc., Though life is quite dynamic these days, its very important to identify your goals for your future... Which can then be supported by a good financial plan. Because, it's your goals...
YOUR time is important:
Exactly, time is precious. Waste is wisely... We just don't have unlimited time at our disposal... We need live today, save for tomorrow, invest for future... Our and our family's goals and aspirations rest on us and we need to make most of it. Get a financial plan done for you by financial planner and waste your time wisely...
YOU are very unique:
You are a unique person; what is appropriate for you may not be the same for your friend or colleague... You are unique because of your dreams, goals, aspirations, future plans, priorities are unique only to you. Financial planning cannot be "one size fits all"... Financial plans are custom made for each and every individual...
That's why I said, that financial planning is all about investing in yourself...
(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai which offers i.S.M.A.R.T financial plan. Feedback can be sent to ismartfp@ gmail.com)
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