Money does not fall from the sky. Like a natural product, one
needs to support and deal with money related arranging. With rising future, we
are living longer than any time in recent memory. An individual living till
75-85 years is an ordinary event today, with a decent measure of money related
assets being spent on medicinal services in the last piece of their life.
Furthermore, our money related objectives have extended in size and desire.
Twenty years prior, a resigned life implied constructing a home on the plot of
land that one purchased.
Beyond 70-80 years of age, leaving a legacy for
grandchildren, distributing assets among children and remaining financially independent
are critical goals. As you hit 90s, health costs surge unless you remain
extremely fit. As you can understand, at different age brackets, our financial
needs differ. This means your strategy and game-plan to achieve desired
outcomes will also change as you age. These factors need to be enshrined in
your financial planning.
Go For
Expert Advice
Looking after your job, family duties and social commitments
are not easy. But, such is life. While earning money may seem easy once you
gain expertise and experience, saving and investing the same to grow wealth is
not easy. It calls for expert advice. Mere thumb rules, shortcuts, broad-based
plans and general advice cannot do the trick. Wrong moves such as not
accounting for proper inflation itself can throw your financial plan into
jeopardy.
Financial planning is an extremely personal task and one
which will need the best of professionals. Just like we have that one doctor
and one lawyer we rely upon one, financial planning requires a dedicated
financial expert who will spend the time to understand your needs, your
problems and your desires. Investing in an equity mutual fund, or buying a
great property cannot be an all-weather proof financial plan. This is why it is
vital that you understand that merely earning buckets of money cannot help you
always. Because, there will be a time when you may not have a job, but your
financial commitments will still be around.