What is Financial planning?

A financial plan creates a roadmap for your money and helps you achieve your goals. A financial plan is a comprehensive picture of your current finances, your financial goals and any strategies you've set to achieve those goals.

Financial planning is an ongoing process that will reduce your stress about money, support your current needs and help you build a nest egg for your:

Short Term goals
Mid Term goals
Long Term goals

Financial planning is important because it allows you to make the most of your assets, and helps ensure you meet your future goals smoothly.

Save Today For A Secure Tomorrow

--By Pinoki Sen (Founder of Fusec)

Importance of Financial Planning

Life is unpredictable and the only sure shot way to deal with its uncertainties is by ensuring that you are financially stable. This is where the importance of ‘Financial plan’ comes in. Financial plan helps you secure your present and build a corpus for your future. Financial planning not only secure your future but it helps you -

To monitor cash flows and reduces unnecessary expenditure
To Full Fill Your Short Term and Long Term Goals ( Home , Vehicle & other Luxuries etc.)
To provide life's milestones (children education, marriage etc)
To Stay prepared for emergencies and other unexpected expenses
To Reduce Tax liability
To Lead a comfortable retired life

4 golden rules of Financial Planning

Have a Goal

Make a Plan

Secure Your Family and Finances

Make Investments

5 Steps to plan your Financial

Identify Your Current Financial Situation
Identify Your Goals
Identify corpus required to achieve those goals
Create Your personal investment portfolio
Plan for retirement

Features of a good Financial plan

To evaluate the quality and effectiveness of your financial plan you must check:

Does it indicate your current financial situation ?
Does it list out all your goals in measurable terms ?
Does it lay out an investment strategy ?
Does it have your emergencies covered ?
Does it include retirement plan ?

3 Reason why a Financial Advisor is important

People often contemplate whether it is beneficial to hire a financial advisor or not. After all, they will be handing over the financial matters to them. Well, with a plethora of financial instruments available these days, it becomes difficult to finalize products that give short-term and long-term gains and are aligned with your financial goals. This is where hiring a financial advisor becomes necessary. A financial advisor has sound knowledge of finances, who can maximize your returns and make your money work hard for you. There are several reasons why hiring a good financial advisor has become need of the hour.

Financial advisors can holistically examine your financial situation and help you craft a financial plan to ensure you make decisions that are in line with your larger financial goals.

Financial Goals

A good financial advisor can understand your financial goals and help you in achieving them. He/she can identify best plans for your needs and make your money grow.

Expertise

Financial advisors have deep expertise about complex products and can read the nitty-gritty of various instruments. They have rich contacts with principals who can tailor-make schemes for you.

Saves Time

Once you hire a financial advisor, you don’t have to manage your portfolio. This saves you a lot of time, effort and energy. It takes off a huge task off your plate. You have to just meet your financial advisor at regular intervals and see whether you are on the right track or not.

How Fusec Can Help

Your Need Analysis

curating Personal portfolio

Achieve Financial Freedom

Achieve your life goals

Calculate Your HLV (Human Life Value)

Book Appointment With Our Financial Advisor

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