Financial Planning for Fresh Graduates!
Financial planning has become a need of the hour & many people have started working towards their financial freedom. However a beginner who has just received his first pay cheque may not think the same. In their 20’s when a person is making money, all they would like to do is splurge on parties, enjoying weekends, etc. But a fresh graduate should realise that there are some special goals one would like to achieve, study further or explore a different career path.
Value Investment Plan- Investing regularly but with a difference!
In the last few years the word “volatility” has become famous with most investors. The markets have been range-bound in the last couple of years & due to this many investors who invest regularly in the market especially through the ‘SIP route’ have seen their cost averaging not working out too well. This not due to any flaw with the SIP route,but due to nature of the market.
Financial Planning for families with ‘Double Income & No Kids’
Most families today have the benefit of double income. Women, who are known to multi-task, are now contributors to the household expenses as well as home makers. In the initial years when newly-wed couples do not have any children but two sources of income they tend to spend more and save less. This may lead to greater problems in the future.
How much Life insurance coverage do you really need?
We all know life insurance is a ‘must’ for anyone who has financial dependents. But how much life insurance is really enough? Should it be your annual income or your total annual expenses? You would not want to leave your family with inadequate funds after your demise. Hence, one must ensure they are always sufficiently covered.
Financial planning for the Self-employed!!
We encounter many people who think financial planning is only for salaried people & not of businessmen & self-employed professionals. But nothing could be further to the truth than that. Financial planning is a must for everyone, including the self-employed. Financial planning is not a one size fit all service, but rather the advice changes from person to person. We at Fpguru.com would like to share a few points, self-employed professionals & businessmen should keep in mind with regards to their personal finance.
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