Financial planning is the process of helping a person meet his life goals through the proper management of his finances. Life goals can include buying a home, saving for children's education or planning for retirement. The financial planning process consists of six steps that help take a "big picture" look at where a person is financially. Using these six steps, a financial planner can work out where a person is now, what he may need in the future and what he must do to reach his goals with the limited resources available to him.
The process involves gathering relevant financial information, setting life goals, examining the current financial status and coming up with a strategy or plan for how one can meet his goals given his current situation and future plans.
Financial planning provides direction and meaning to a person's financial decisions. It allows a person to understand how each financial decision he makes affects his overall financial position. For example, buying a particular investment product might help a person pay off his home loan faster or it might delay his retirement significantly. By viewing each financial decision as part of a whole, he can consider its short and long-term effects on his life goals. He can also adapt more easily to life changes and feel more secure that his goals are on track.
Financial Planners are the latest breed of professionals worldwide who through their own entrepreneurial practices or while working with banks/insurance or investment advisory companies prepare financial plans for their clients and help their clients achieve their life goals.
Finance is a field that deals with the allocation of assets and liabilities over time under conditions of certainty and uncertainty. Finance also applies and uses the theories of economics at some level. Finance can also be defined as the science of money management. A key point in finance is the time value of money, which states that purchasing power of one unit of currency can vary over time. investment banking courses in India
ReplyDeletepaycheck stubs-SpeedyStub - Paycheck stubs, employment verification, check stubs & proof of income. We offer simple income documentation solutions and employment verification services
ReplyDeleteImpôts sur les societies-Depuis 1990, Ammex Rapport d'impôts, Impôts sur les societies, Incorporations, Enreigistrement des, enterprises, Tenue de livre &Consultations d'impôts, des enterprises
ReplyDeleteOffice space Poole-We offer virtual offices poole, office to rent poole & rent an office poole. Competitive rates on meeting rooms for those all important face to face meetings.
.
Please visit FDS Broker Services Reviews
ReplyDeleteBe Job ready with FLIP’s industry recognised courses for corporate finance course and online finance courses with certificates. List of courses available to choose from
ReplyDeleteThanks for writing it's really helpful
ReplyDeletethanks for sharing.
A one-stop credible platform for innovative, original and interactive
CSR news and feature stories from across the globe.
CSR opinion and video interviews
of people working in the CSR.
Education program in india
In India most of the people are not have good financial knowledge .So for those your blog is informative.Financial Planning
ReplyDeleteHi there, I read this fantastic blog on your site. Your entertaining style is amusing, keep it up!
ReplyDeleteGreat post ! Very true.
top Certified Financial Planner in nashik