Mumbai, Maharashtra, India, November 04, 2013 -- The Road to Riches is often difficult as income is less, expenses are more and as a result, there are no savings. Sometimes, it is bad economy, frauds, poor investments, fear, preferences, or poor asset allocation that stops Wealth Growth. Money has a time value and inflation decreases purchasing power. Plus, there is the danger of dying too early or too late & hence the need to manage the risks.
These are some reasons that one should start planning early. Getting a perspective, setting your financial priorities, beating inflation, getting compounding benefit, optimizing costs, securing retirement, managing personal finance risks and planning dreams are the benefits likely to come with making a financial plan.
Measure the health of personal finances and identify the focus areas. Align financial goals, optimize the portfolio ROI, plan for children’s education, get adequate insurance and improving risk posture are the actions that go in long way in building a solid financial foundation.
There are many ways to make a good start. Visit a decent personal finance website, read a good personal book or better still hire a Certified Financial Planner. Check some nice personal finance resources for FREE at this link http://goo.gl/DA10KS.
So this Diwali, come out of “Financial Inertia” and bring light of Financial Wellness in life.
GettingYouRich.com is a Financial Planning services company based in Mumbai, India. GettingYouRich.com helps families to achieve their financial dreams across 12 Cities in India and in Australia, UK, UAE, US & Congo. Client list includes employees working for Companies like IBM, Accenture, Capgemini, Microsoft, Prudential, Cognizant, TCS, Vodafone & Reliance.
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