Chota Bheem's bada ideas...



(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) 


Chota Bheem's bada ideas for financial planning...


Ever since Chota Bheem was launched in 2008, he has been captivating audiences across the age group... Right from toddlers to the grannies...

Chota Bheem's character offers variety of insights on Management, Leadership, People skills etc etc in his own ways and methods. It would be interesting to borrow his insights on personal financial planning for individuals.



 1. Keep it simple: 




Chota Bheem loves to keep things simple. Financial planning is all about keeping it straight and simple. A simple plan can take care of your financial planning for life long. Financial planning is no rocket science and keeping it simple becomes imperative for better financial future. Keep it simple is the key mantra...
 

2. Age doesn't matter (for financial planning):





Age doesn't matter to CB, for him age is just a number. Financial planning is a must for people of all age groups. One need not equate financial planning in terms of a specific age. Some one who has just finished college, or someone who has got a job or some one who is on the verge of retiring, can still have a viable financial planning. In the times of uncertain economic conditions, financial planning becomes important across all age groups...


3. Have clear (financial) goals: 



Chota Bheem works on specific goals to achieve and achieves them in his own style. Financial planning is all about having specific goals and a plan to reach those goals in a time bound manner. With great clarity, one can attain the financial goals in a seamless manner.



4. Plan Well


Planning well for one's financial goals is an important task for a successful financial planning process. World we live in is getting complex by the day. We face risks on all fronts, professional and personal. Financial risk is a key risk we run these days. And we live longer after our retirement, which means we need earn, save and earn on that saving to make our longer retirement life more enjoyable and independent. Having a plan works wonders in life.
 
5. Involve everyone:







 Involving everyone connected with us is the  best way to manage the financial planning. Each member will have their goals and aspirations, and not always can those be honoured. Its best to involve everyone to make the financial planning process more meaningful. This also means to get a specialist financial planner who can do that job.
 

6. Take reasonable risks:



Chota bheem loves taking risks. After all, life is all about taking reasonable risks. We are in the age of high inflation or cost of living with lesser avenues for better financial returns. With returns from financial products on the diminishing trends, its important to take few meaningful risks on the financial planning. A good financial planner will help you to do that.

7. Celebrate life:





 Life is all about having the right mix. Chota Bheem loves to celebrate his life with his favourite laddoos on every success and on every mission. Financial planning is all about having the right mix. And that helps to carefully manage the finances which helps to focus on goals and enjoy the life too. Celebrate life with careful financial planning...



(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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1 comment for "Chota Bheem's bada ideas..."

  1. Nice Post. Thank for Sharing the useful information.

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