ABCs of Financial Planning...

(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Feedback can be sent to mailfpc@ yahoo.com)

 

Annuity:

Annuity is a great investment avenue and should definitely be part of one's financial plan, as it is a risk free way to save for one's long term goals, particularly for children future and retirement as private sector careers have no scope on pensions. Hence the importance of annuity which gives the comfort of covering one's life for life long with a return of lump sum fund for the future usage. Money Avenues expert will guide you to buy a good annuity.

Buy it "NOW":

Good investment ideas matching your financial plan should be bought right NOW... Ideas can be on your annuity, investments, insurance etc. Remember there is a definite cost of delay on such things. Money avenues expert will guide you to buy it now.

Children future:

 

Future is theirs'.... Future planning for children is very important as the aspirations and dreams are getting bigger and unlimited. And such dreams come @ a definite cost in future considering the educational cost inflation. The costs of professional education and overseas education are sky rocketing and hence the need for a children future planning. Money avenues expert can guide you for children future planning.


Delay never:

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Delaying act or the act of procrastination is a big dampener for the financial planning process. Power of compounding, which works very silently, can play havoc in one's financial plan if it is delayed. And a monster called inflation will impact one's investments and other financial decisions in the future. Age factor also plays a vital role in financial planning. Younger the better,  but nevertheless better late than never. Money Avenues expert can assist you in making a plan NOW...


Easy Monthly Investments (EMI):

Equated monthly instalments (EMIs) are helpful for acquiring life styles like homes and expensive cars. But, only the Easy monthly investments (EMIs) can create lifestyles for you. Retirement planning, children future, wealth creation, life insurance can all be done through the Easy Monthly Investment route. So go ahead, don't just acquire life styles, but create life styles through Easy Monthly Investments. Money Avenues expert can guide you for investing through EMIs.

Financial Planner:

Investing world is a maze. Though information is flooded in the web, it's all cluttered. One does not have the luxury of time to go through the information filters and make a decision. A financial planner is the one takes you through the maze of investing. Various other factors like the lack of time and non clarity of priorities also act as severe constraints for the people who wish to make their financial plan. Money avenues expert listens, understands, guides, assists on making a sound financial plan.

 

Goals in a SMART way:

Many of us find it difficult to organize our goals in a smart way - Specific, Measurable, Attainable, Relevant and timed, and align them with a proper financial plan. The goals can be about one's retirement or child's future or for that matter anything to do with our financial future. Money Avenues expert can assist you with the identification and alignment of goals and match them with the appropriate financial products.



Health Insurance:

Health care costs can be a vital area of concern going forward in our lives. It's important to take a comprehensive health cover to guard against the rising health risks caused by our dynamic work culture. Money Avenues expert can guide you in choosing a right health plan.



Inflation - beware:

You work hard for your money; make your money work hard for you...

Mere saving alone is not sufficient. Investing your savings in the most appropriate and intelligent manner is crucial to the overall investment success. Remember, inflation is a monster which can eat up your savings. Inflation will also play havoc  in your future plans if not planned well. Money Avenues expert can guide  you for appropriate investment avenues to maximize your returns.


Just a simple f-plan:

Financial planning is definitely not a rocket science for sure. Keep it simple, but a simple financial plan can go a long way in determining your financial future. Financial plan is all about planning, execution and tracking which is best performed by a financial planner whose only job is to do that. Have a simple financial plan covering the financial future of your family. Financial planning is all about execution and tracking... Leave it to Money Avenues.


Know your priorities:

Understanding one's financial priorities is crucial to one's success. But unfortunately we realize some of our priorities only at the time of an event. For eg., children education and retirement. Though we all know these events are to take place for sure, for reasons best known to us, we do not follow a proper plan to achieve these goals. It's important that we understand and evaluate our priorities and make a sound financial plan. Leave it to Money Avenues expert who can guide you to understand and evaluate your financial priorities.



Life Insurance is paramount:

Though a human life is precious and invaluable, for practical purposes its better to value our lives. In simple words, insurance is a tool to create a financial cover for the loved ones in the absence of the person. We also live in a world which is extremely mobile and full of uncertainties. Globally security risks have increased and hence the importance of life insurance for securing our loved ones' financial future. Remember, insurance is a tool and not a toll.. Having very little insurance cover is a definite peril. Money Avenues expert can guide you to the right insurance plans.



Money, money and more money:

Goals = Money; Dreams = Money; Financial future = Money; Retirement = Money; Children future = Money..
Financial planning = Money. Money is fundamental for any goal or any dream...

Keeping money in the so called safe avenues like the bank and fixed deposits will not be a wise idea given the fact that the inflation is above 10%. And remember, we work really hard to earn our money. It's only logical that we put our money to work equally hard. Money Avenues expert can come up with solutions to put your money on a fast track growth.


NEVER compromise:

Never compromise: On your...

- Personal Life insurance
- Annuity planning
- Children future
- Retirement planning
- Wealth creation
- Financial planning


You may face lot of constraints on planning your personal finances. But NEVER EVER compromise on your goals and priorities, because they are your future. Money Avenues expert will guide to attain the goals very effectively.


Organize and Outsource :

We are in the world of "Outsourcing". Managing your money is not your full time job. You are paid for your work in the job. Outsource the job of managing your money to an expert whose job is only to do that. A financial planner sits with you and understands your goals and priorities and align them with suitable financial products on a professional manner. You can focus on your job rather than worrying about your financial future.Rely on Money Avenues for your organizing your financial plan.


Power of Compounding:

Understand the importance of power of compounding which works very very silently in multiplying your money. It's important to save, but also very important start saving and investing early in life. Time ripens money through power of compounding.


Question yourself:

Some questions to be self addressed:


Am I saving wisely?
Am I investing intelligently?
Do I have a financial plan?
Do I have goals?
Do I have enough life insurance?
Do I have an annuity?
Do I have a plan for pretirement/retirement?
Do I have a plan for children future?

and many more such questions form the basis of a financial plan.



Retirement Planning:

For some, retirement may be a distant destination. A long way to go...But that's not the case. If planned well the retirement can be a perfect holiday for you. Some of the recent surveys do confirm that a proper financial plan can lead to a better retirement compared to people without a proper plan.So plan for your retirement NOW. Money Avenues expert can guide you for appropriate retirement plans.



Start early and win the race:

Physical marathons can be won by starting late, but the investment marathon works little differently. Early starters win the race for sure. The power of compounding will heavily favour the early starters in the race. Not only that, the power of compounding punishes the late starters. So start early and get rewarded by the POC...To know more about the power of compounding and its magic speak to the expert from Money Avenues NOW.


Tax Planning:

Planning for taxes is a priority for all of us. But instead of planning for taxes, it's ideal to have a financial plan which can be aligned with the tax planning. Remember, our life cover and investments should not be determined only by tax planning. Money Avenues expert will guide you for the right tax planning strategy.



Updated life insurance cover:

Life insurance cover should always be updated matching the current financial status of the person. For eg., if my salary today is Rs 10 lacs PA, I need a cover of 50 lacs. If my salary goes up to Rs 15 lacs PA, the 50 lac cover should also increase proportionately to 75 lacs. In simple terms, life insurance is the cover you leave to your loved ones in your absence. And that should be updated to the current financial status. Money Avenues expert can guide you for the right insurance plans.



Valuables - You and Your time:

For you Time = Money; On the other hand, Money = Time.
Being busy with your work is not a valid reason for not making and sticking to a plan. Rely on the experts like a financial planner from Money Avenues who will make you realize that money indeed is equal to time. Consult Money Avenues financial planner NOW.


Wealth Creation is key:

Wealth creation never happens over night. A small seed grows into a huge tree over the years. Like wise, wealth is created from a small seed fund and if nurtured properly can become a huge tree of wealth. To know more about exciting wealth creation ideas, take the guidance of the expert from Money Avenues.

Xtra is always great: In returns

Through a proper financial plan and guidance from an expert financial planner, you can always aspire to gain that extra returns for your investments. Though information is all over the place in the net these days, filtered and reliable information is hard to get by. Rely on a financial planner to get that extra returns for your investments, which can make a huge difference over the long term through power of compounding.

For eg., If you leave Rs 1 lac in savings bank account for a year you earn Rs 3,500. If you invest the same money in an avenue which gives 15%, you earn not xtra returns but xxxxtraaaa returns which is Rs 15,000. And this difference will multiply over the years through the POC. That's why you need an expert from Money Avenues to get that extraaa returns.



"YOU" are important:

"YOU" are precious. Have a right insurance cover, because you are your family's financial security. Have a right investment strategy, because your money has to work hard. Have clear financial goals, because you have future goals to chase.  More importantly, have a financial plan, because it's YOU and you are very precious. By having a financial plan, it costs you nothing but benefits you immensely.


"Zero" is important!

If you are to be a millionaire zeros are important, of course behind the number you choose.1000000000000... A financial planner will guide you to add as many zeros behind the number in your balance by giving you the right investment options. Expert from Money Avenues can guide you for attractive investment solutions.

(The author is the Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Feedback can be sent to mailfpc@ yahoo.com)