Financial Planning - An Absolutely Misunderstood & Wrongly Interpreted By All

Financial Planning Is Not Just Advice On The Mutual Funds As 99.99% Or The People Assume It To Be Or Just Investments...And SIPs Are Not The Only Investments Tool Available To People!

Financial Planning Involves The Following:

Tax Planning - How To Save Tax As Per IT Rules & Get Maximum Tax Rebate. 99% Of People Don't Do It.

Investment Planning- Not All Investments Are Supposed To Be Done By All People.99% Of The People Waste Their Time & Energy On Focusing Things Not Compatible To Their Thinking/Style Of Investments, But Do It As Others Are Doing It.

Risk Planning- A Term Insurance Of 1-2 Crs Is Not Risk Planning (Nor Is Higher Amount Of The Same). Risk Involves Many Other Things Than Just Term Insurance. 99% Of People Don't Listen Till They Fall Prey Of Risk & Then Think Of Planning That Never Is Possible Once Risk Has Occurred!

Retirement Planning- Practically, All Of Us Are Not Working Towards It, But Can Preach On All Information On Retirement Planning. This Is A Very Simple Activity, We Plan & Actually Save, We Have Good Retired Life, The Delay We Do In The Same, We Are Actually Reciprocated By Life With Delay. Simple.

Will Creation & Estate Planning- How Do Your Next Generation Know What You Have Left For Them? Yes, This Starts With The Moment One Is Born! It's A Zero Cost Thing And As Usual, You Would Get All Reasons For Not Doing It Fearing A Bomb Has To Be Spent!

Now If You Happen To See The Above, None Of The Functions Mentioned Above Is Independent, They Are All Linked Together And When Combined Together In Customized Fashion, An Individual's Path Can Be Created So That He/She Can Achieve All Goals They Have Planned For...

So, Can This All Be Created Out Of A Software And Solutions Can Be Given?

Maybe You Can Answer This Yourself As A Software Would Not Have Relevant Experience To Customize This For All Clients ( As This Software Is Developed By IT Professionals Who Would Never Have Financial Services Experience For Customization!!)

Hire A Financial Planner Who Can Understand Your Need And Suggest You Wayouts For Achieving All Goals Of Yours Starting As Immediate As Tax Planning That 99.99% Of People Are Not Doing To Claim 100% Tax Rebates.

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The Author Is A Certified Financial Planner & Has Done SMP From IIM Calcutta, Apart From Other Qualifications In Finance. He Has On Over All Experience Of 25 Years In The Financial Services That Includes Loans & Investments, Both In India & International Level.