Exit out of EMIs; get started with EMIs.......!!!!

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)

Exit out of your EMIs... Get started with EMIs...


Surprised and confused???!!!!!!!!!

From Equated Monthly Installments (EMI towards loans)                to 

Easy Monthly Investments (towards achieving your financial goals)..........




Your Equated monthly installments can create fewer assets..... Your own house?! Good...... But rest of them? your sedan, LED TV etc... Not really....

But if you can work out your financial planning based on Easy monthly Investments (EMI) strategy with the guidance of a financial planning coach, it can help you create huge wealth as well as a very bright financial future for yourself and your family....... In effect you can create long lasting financial assets....

So, what is this Easy Monthly Investment? -

You invest a set sum every month towards a goal.. It can be for wealth creation, for child's future, your retirement etc..This works well in equity related investments over a longer periods of time.

Small drops indeed make an ocean of wealth:

Many things you can achieve through Easy Monthly Investments strategy:

1. Regular and periodic pre-set investment flows:

The set flow needs to be regular and periodic towards a goal which means no inconvenience to your regular cash flows.

2. Achieve optimum life cover for you and your family:

EMI strategy helps you in securing ample life cover for you and your family.

3. Long term wealth creation:

By investing a set sum in equities, you definitely can achieve a huge wealth creation over the longer periods.

4. Plan your retirement:

Create a retirement fund through EMI strategy from the younger days.

5. Ensure your child's future:

Take care of children education and future through EMI strategy.

Do talk to experts @ Money Avenues for starting Easy Monthly Investment plans to achieve your goals.

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)

What's your priority in life?

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)

Life is all about prioritizing.... Professional compulsions, family compulsions, societal compulsions, personal priorities dominate our lives. 

First things first in life......

Do check out a simple 5 step process to identify your personal priorities which will help you identity your priorities and thereafter the goals for attaining them.......

Here is a scenario presented to you..... Five different things are happening to you in your life @ the same time... Now prepare your list based on your priorities.....

1. You are faced with a changes in your career:

It's something which everyone goes through. We constantly evaluate the options and at times they have to be decided in a shorter time. Question is, what's the priority of this in the list?

2. Your best friend needs your support financially and morally: 

Friends become integral part of life and they don't often come to us seeking support. But what happens if they seek your financial support when you are addressing few other personal priorities?

3. Your kid's future requires immediate attention:

Kids are the future. So their future has to be secured financially. What happens when their needs have to be addressed?

4. Your personal future requires immediate attention:

YOU need YOU... @ all times.... Your personal future can be of your retirement, your dreams etc....

5. Your family requires immediate financial and emotional attention:

We are because of our family... So where do figure in the list?

 

This is a powerful test to determine your broad priorities in life, which can help you to identify goals and objectives and accordingly make a financial plan. The challenging aspect of this check list is that, some of them are non negotiable in nature. For eg., your child's future, your personal future, family etc...


Now make a list of priorities:

1. _____________________


2. _____________________


3. _____________________


4. _____________________


5. _____________________

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)

When I'm 64..............

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)

When I get older losing my hair,

Many years from now.
Will you still be sending me a valentine?

Birthday greetings, bottle of wine?

If I had been out till

Quarter to three

Would you lock the door?,

Will you still need me?

Will you still feed me?

When I'm Sixty Four.......


                - Immortal lines of "The Beatles"- When I'm 64

If you were to retire today and need Rs 25 lacs for the retirement fund, can you imagine what would you require to match the same amount 20 years later?

Rs 4.10 Crores

Do speak to your financial planning coach @ Money Avenues for retirement solutions... Mail @ finplancoach@gmail.com

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)

If you have a great coach, you need not wait for 28 years....

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)

Unlike the World Cup victory which took 28 long years, Wealth Creation can happen much faster if you have a good financial planning coach to guide you...

 

And of course, it is possible only if you get a coach who is best in the business, like Guru Gary for the Indian team...

 

And how can a financial planning coach add value to your financial future? 

1. A good financial planning coach (FPC) will be a great listener: 

Listen... Listen more... Listen even more..

Key mantra for a great coach...

 

 

Important trait of a good coach is to listen to his wards. Listening is key the to understand the background and find out solutions. Same applies to a financial planning coach as well. An outstanding FPC will be able to listen to his prospects very patiently before embarking on any plan.

2. A great FPC will understand the needs first:

A good coach should understand the needs of his pupils first. Same is the case with a FPC; a client should first be assessed on the needs before taking things forward.

3. Assist you in identifying your life goals:

 

A good coach should assist his pupils on identifying the goals. It can vary from from one to one, but every one need goals to move forward in life.  A good FPC will also assist his clients on identifying the goals for their future, based on which the plans are made and firmed up.

4. Assist clients in making a robust financial plan: 

A coach will make a detailed plan for each of his players based on his understanding and their needs. Same is the case with a financial planning coach, who will be able to use his expertise and frame a comprehensive plan which will eventually benefit his clients.

5.Effective plan execution:

A role of a coach is to be a key observer and ensure effective implementation of the plan meant for his pupils. A financial planning coach's role is equally critical as he is the one who implements the plan to perfection.

6. Monitor and review the progress of the plan:

The role of a coach does not end with planning and implementation; it's a continuous process of review and monitor and any re-adjustments if required. As in the case of cricket or any other sport, the FPC constantly monitors and reviews the plan for effective implementation and working of the plan.

7. Lead to financial success:

The ultimate goal of a coach is to lead his team/student to roaring success. Like the guru Gary guiding the Indian team to eternal glory. Same is the case with a FPC. His role is to ensure financial success to his client and the family.


Do speak to your financial planning coach @ Money Avenues to know more about investment opportunities and financial planning solutions.

Do drop in mails to finplancoach@gmail.com

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at: finplancoach@gmail.com)