Showing posts from May, 2017

10 reasons why you need financial planning in India

Most people think financial planning is ONLY for the rich. They ask – why do I need financial planning? Nothing could be farther from the truth. Rich or poor, big or small, financial planning can benefit all Indians. Just like everyone needs to see a doctor at some point in life, the need is the same with a financial planner. Numbers can vary. But everyone has income, expenses, assets, liabilities and risk factors. We all love our children the same, so we need to plan for their future as well. In fact, middle class people in India can benefit greatly by following a scientific financial plan to channel their regular investments. So below are 10 reasons why you need a financial plan to secure your future: Income Management: It’s possible to manage income more effectively through planning. Managing income helps you understand how much money you’ll need for tax payments, other monthly expenditures and savings.Better Cash Flow: Increase cash flows by carefully monitoring your spending patt…