Financial Plan review process for retirees should not be disregarded
Having a Financial Plan, reviewing and monitoring the Financial Plan are indispensable processes in prudently managing your personal finance. You can’t deny the relevance any more in current rapid socio-economic changing scenarios. Like others, it’s not an exception for retirees.
Financial Goals are achievable through S.M.A.R.T techniques
Accomplishment of financial goals are one of the major fundamentals towards financial wellness. It is achievable if goals are S.M.A.R.T. We can say that nothing astounding will happen to you unless you gather the necessary courage and have strong conviction
Emotional decisions are affecting your journey towards Financial Freedom
Your financial freedom is disrupted once you are driven by emotions, i.e. anxiety, happiness, sadness, fear & greed. This happens when you follow your heart without allowing your mind to apply logic. Thus, you fail to plan rationally. Relying on
Retirement is starting for a new life: Plan for it accordingly
"Retirement, a time to enjoy all the things you never had time to do when you worked." - Catherine Pulsifer ➛ Have you ever thought about your post retirement life? ➛ How would you want to enjoy your life during post retirement
Cash flow evaluation is a requisite before you leap to any financial decision
Before you leap to any financial decision, be it major or minor, you should always evaluate your cash flow. In simple terms, cash flow signifies your income (cash in) and expenses (cash out). You may consider the below mentioned factors
With a financial plan, we feel secure; we know money will be there if we need it
The Roys started their financial planning by setting goals and then investing towards them, putting them in a comfortable spot now. There are enough reports out there showing the higher returns that equity gives in the long run. Dr Collin Roy
Changing one’s lifestyle is always tough but this family did it
Dr Sujoy and Rupa Roychowdhury had to take some tough decisions to get their finances back in order. It is easy to lose track of finances, and a busy schedule doesn’t help matters. Dr Sujoy and Rupa Roychowdhury had to take
Financial decision making ability is the need of the hour for all
Financial decision making ability develops when you are financially literate. A genuine Certified Financial Planner will educate you and assist you in implementing action plans laid down in the Financial Plan. "We were not taught financial literacy in school. It takes a
I had 13-14 credit cards, but now I have none
The Akhtars are ready to do what it takes to put their finances in order Difficult times helped Dr Nasim Akhtar, a neurosurgeon based in Kolkata, sharpen his financial perspective. In 2006-07, he was managing his family’s construction business as well
Why Retirement Plan is pivotal to retirees and pre-retirees
While you retire it doesn't mean that you are retiring from your life. It doesn’t mean that you don’t need regular income. The old saying is true, “Retirement is quite different from two-week vacation.” If you’re a pre-retiree, you may