FINANCIAL PLANNING REVISITED

Nowadays we are going through a lot of news negative & positive in the market on various aspects with different views.

But surely for any individual, it is not that much easier. Life has changed for everyone on the planet, not just a few.

It's a new beginning for each & every one. Whether he is just a college pass-out or a retired person. As no one was prepared for it.
Everyone has done his or her financial planning priors to this tragedy which is good in that scenario.

But a situation like this has forced everyone to revisit his or her financial planning.

We Indians have a mindset to follow the same path which we saw others following.

Now one or two income source is not going to work. As to get old days required will be at least 2 to 3 years.

This means we have to prepare for not only pay cuts for a long time but also job or business loss.

Till now we planned for following

- Child Education
- Child Marriage
- Retirement
- Home & Car
- Vacation
- Contingency

In this first three get more weightage their others.

Normally asset liabilities mismatch is the norm for every household. Because aspiration overweighs the needs.

Revisiting the finance is the very best option available to us. As not only Pvt. sector but govt. the sector is also going for pay cuts & freeze in likes. Plus uncertainty in future earnings

We want you to revisit your own finance & check the mismatch  & do the course correction.

As our aspiration need to be curtailed a little bit and our finance should be realigned to fulfill it.

A short course correction & getting onboard with everyone in the family for this is the only way forward.

                                                                                                                                          continued.....


Location: India

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